Designed for teens
With a Student Checking account, your teen can practice managing their money responsibly.
No monthly fees
There are no monthly fees with a Student Checking account.
No minimum balance
No low account balance worries. As long as it's positive, you're set.
Free debit card
With a free debit card, your teen has easy access to funds.
Cash back
Earn cash back on qualifying debit card purchases.1
Earn dividends
Earn dividends when a $2,500 minimum monthly balance is maintained.2
No-fee ATMs
There are no fees at Moneypass® Network ATMs.3
Today's rates
View ratesCalculate your monthly savings5
Final Balance
Contributions: | Earnings:Everyone makes mistakes
Student Checking accounts are all about learning. We don't charge overdraft fees in many situations, if your child accidentally depletes their account.6
Learn to manage spending
Teens can monitor their account 24/7 with free online banking. Plus, parents can log in to oversee the account and help ensure there aren't any surprises.
Best place to bank at. The staff is super nice and actually helped save us money.
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1
Complete an application
Teen and secondary account holder (parent or guardian) apply at a branch or through video banking.
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2
Open an account
Make your initial deposit to officially open your new account.
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3
Manage finances
Your teen can use the account to manage their finances and learn how to save and spend.
Have questions? We're here to help!
Learn to spend smart
Spending money responsibly is a skill. With no monthly fees and limited overdraft charges, teens can learn healthy habits in a safer environment.
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1 Earn $0.10 per signature-based debit card transaction of $20 or more, up to $25 per calendar month and $300 per year.
2 Daily balances of $2,500 or more earn interest when held in a money market account. Daily balances below $2,500 do not earn interest.
3 Members Cooperative Credit Union is a participant in the MoneyPass ATM network. If a location has more than one ATM, look for the appropriate logo at the ATM or on the ATM screen.
4 APY is the Annual Percentage Yield. The stated APY is effective as of November 9, 2024. The APY is variable and may change at any time. Fees may reduce earnings.
5 The calculator is provided for informational purposes only and any calculation is solely an estimate based on the information you provide. There is no guaranteed rate or earnings on a checking account. Contact Members Cooperative Credit Union at 1-800-296-8871 for more information.
6 Overdraft services are subject to Members’ overdraft governance documents.Membership required and subject to account requirements.
Use of online or other electronic services may require specific hardware and software and your agreement to certain terms and conditions. Access is subject to the availability of the internet, cellphone and network coverage and plans, and typical service interruptions stemming from your providers or the credit union’s providers.
Rates
Student Checking account rates
| Account | Minimum Balance | APY |
|---|---|---|
|
Student Checking |
$ |
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Rates effective as of: November 9, 2024
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