Youth Accounts
Good lifelong financial habits start here.
Help your teen learn to save regularly and spend wisely by signing them up for a Youth Savings or Youth Checking Account. As a parent or legal guardian, you are a joint account holder and can keep an eye on funds and transactions and make transfers to fund the account.
Youth Savings Account
Additional details:
- Account requirements: Become a member by opening a credit union Savings Account with as little as a $25 deposit. Be between the ages of 13-17 with a parent or legal guardian as a joint account owner.
- Your money stays within our community of faith.
- Parents and guardians can monitor activity and make instant transfers to add funds to the account from their own connected ELCA FCU Checking or Savings Account(s).
High Yield Youth Savings Account
Additional details:
- Account requirements: Must be between the ages of 13-17 with a parent or legal guardian as a joint account owner and have an existing Youth Savings Account.
- Higher dividend rate paid on the first $1,000 in the account.
- Free withdrawals.
- Flexible deposits: Use Remote Deposit Capture* to make deposits anytime.
- Deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA).
Youth Checking Account
Additional details:
- Account requirements: Be between the ages of 13-17 and have an existing savings account
- Debit card offers tap-to-pay convenience, and mobile wallet is compatible with Apple Pay, Google Pay and Samsung Pay
- Pay Anyone feature can be used to send money to anyone by text or email
- eAlerts & Card Controls can be used to monitor transactions and stop suspicious activity
- Free overdraft protection from ELCA FCU Savings Account
- Remote Deposit Capture* available to deposit checks via mobile app
- Access to 30,000+ surcharge-free ATMs nationwide
- No maintenance fees and no minimum balance requirement
- Parents and guardians can monitor activity and make instant transfers to add funds to the account from their own connected ELCA FCU Checking or Savings Account(s).
*First-time remote deposit users must complete a brief enrollment process. Launch our app, select Remote Deposit and then click Sign Up to enroll. New users are typically approved by the following business day. Normal check-hold policies apply.
