Why should you get your teen a debit card?
They feel more independent, and you look like a rock star. When you show your teen that you trust them with their money, you open a world of possibilities while preparing them for adulthood.
- Instead of always asking you for money, they’ll learn to budget their spending.
- You’ll have plenty of hands-on teaching moments to help them build financial understanding.
- In an ideal world, you might even get a surprise treat to coffee now and then!
Save
Learning to save money early can help teens become more responsible with their money and develop confidence in their financial skills.
- They’ll save more money with no monthly maintenance fees
- They’ll have more ownership in how they spend their savings
- They can set savings goals in the OneAZ Mobile Banking app
- They can learn about financial concepts like interest rates
Spend
A OneAZ Teen Debit Card allows teens independence in managing their money while encouraging healthy spending habits that will help prepare them for adulthood. Parents will also monitor the account so you can guide them on their financial journey.
- They’ll love tracking their spending with our easy-to-use mobile app
- They can easily access cash with 41,000 fee-free ATMs across the network
- They can deposit their allowance or part-time job payment
Your Teen’s Debit Card Includes a OneAZ Free Checking Account
Accounts for Teens Must Be Opened in a Branch
What to bring when opening an account:
For Parents:
- State-issued ID
- Social Security Number
- Proof of Residency
For Teens:
- Student ID or state-issued ID
- Social Security Number or Tax Identification Number (TIN)
Open an account at your local branch today!
Financial Resources Guide
Teens and parents can learn more about budgeting, saving, and more bank account basics with OneAZ’s Financial Resources Guide.
The Best Tips for Opening a Checking Account for Your Kids
Helping your child or teenager open a bank account before they turn 18 provides them with a jumpstart to financial responsibility.
Keep ReadingDirect Deposit Into a Savings Account vs. Checking in Arizona
Most employers allow you to direct deposit your paycheck into a checking or savings account, or to split your paycheck between both checking and savings accounts.
Keep Reading5 Tips for Getting the Most Out of Your Checking Account
These checking account features, tips and tricks will help you bank smarter and more efficiently.
Keep ReadingRates as of September 1, 2024.
1Teen Debit Account Disclosure: Checking is free of monthly fees and minimum balance requirements. Other fees may apply. For complete terms and conditions, refer to the fee schedule and Electronic Services Agreement and Disclosure found in the Membership Account Agreement. .Courtesy Pay/overdraft coverage not available on account. Parent or Guardian required as joint owner. Teen Free Checking with Visa Debit Card is for individuals 13-17 years of age. Account is not eligible for any other promotion or offer.
2Early Pay Disclosure: Early Pay is a service offered to you (the Member) if you are a consumer (not a business) who has a checking account with the Credit Union and receive your paycheck through direct deposit. You may be automatically enrolled in Early Pay after 2-3 pay periods. The Credit Union will make your payroll funds available as soon as your verified employer/payor notifies the Credit Union of the payment, which can be 1-2 days before most financial institutions make the funds available. If there is a weekend or bank holiday, Early Pay will post on the next business day after the weekend or bank holiday. Employers/payors must be verified by the Credit Union. If they cannot be verified, the Credit Union will not make the payment available early. You will receive a notification of the payment and the available funds will be indicated in online or mobile banking.
If funds from a paycheck are not available early to you, it may be due to one of the following: (i) You do not have a consumer checking account (you only have a savings or business account with the Credit Union), (ii) You did not sign up for direct deposit, (iii) It has not been 1-2 pay periods, which is needed for the Early Pay service to begin, (iv) Direct deposits are not made in your name or in the name of a signee on your checking account, (v) We cannot verify your employer/payor, (vi) Your employer/payor did not notify us of the deposit 1-2 days early.
You agree the Credit Union may reverse any funds deposit transaction to your account that is made in error.
