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Has your teen outgrown their piggy bank?

Sponsored by
AllSouth Federal Credit Union

Opening a bank account can help your teen develop basic financial skills.

Photo provided by AllSouth Federal Credit Union

From part-time jobs and allowances to saved birthday money, there are many signs it’s time for your teen to graduate to their own bank account.

Establishing a bank account for your teenager helps them learn about:

  • Spending responsibly
  • Earning, saving, and planning for the future
  • Making withdrawals and deposits, using online + mobile banking, and monitoring transactions

The first step? Start the conversation about creating and achieving financial goals.

How to choose the right account

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