APY Effective 4/1/2024*
0.10
%
APY
Checking
0.50
%
APY
Early Saver
$500.01+
6.17
%
APY
Early Saver
On the first $500
See Account Disclosure for details
Teaching Dollars and Sense
Start your child on the right financial path by teaching smart money management. Our free checking account is an ideal place to begin - it's a joint bank account for both you and your teen.
Free Banking Features
- Available to all BECU members
- No minimum balance requirement
- No monthly service fees
- Debit card with fraud monitoring protection
- Free nationwide access to 30,000+ surcharge-free ATMs
- Text and email account alerts
- Bundled with savings account1
- Free Online Banking and Mobile Banking app2
How to Open an Account
- Join or open an account in-person at any BECU location.
- Select a debit card design.
- Enroll in Online Banking.2
Learn more about how to open an account with our checklist. Note: Existing Early Saver members can open a teen checking account online through the teen's Online Banking.
Beyond Teen Checking
At BECU, we believe in financial health. We also believe in keeping things simple. How do we do that? After your teen turns 18, their Early Saver savings account automatically converts into a standard BECU savings account, while their checking account remains a standard BECU checking account. You can either remain a joint account holder on the savings and checking account (helpful for parental deposits), or your teen can choose to convert the checking and savings accounts into independent accounts. As an "adult" account, they enjoy all the benefits of full-fledged BECU members:
- All the same free features and tools they had before
- Still no monthly fees or minimum balances
- Eligible for Member Advantage, which earns a higher rate of return on first $500 in deposits for both your checking and savings accounts3
Your child can become a BECU member simply by opening an Early Saver Savings account,* and the account features are hard to beat.
- Earn 6.17%* APY on the first $500
- No minimum balance requirement
- No monthly fee
- Text and email account alerts
- Account access through free Online Banking (for ages 13+), free telephone banking, ATMs, or at a BECU Neighborhood Financial Center
- At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Free checking with lots of great features.
- No monthly fee
- Free Online Banking and Mobile Banking
- Free eStatements
- Debit card with fraud monitoring protection
- Access to over 30,000 surcharge free ATMs
- At age 18, account can easily be converted to a Member Advantage® account, earning a premium rate on both checking and savings
Additional Resources
Savings Calculators
The Next Big Talk
BECU wants to make it easier for parents to have the next big talk about money management with their teens and help inspire financially independent adults. Teach your teen the importance of how to spend, save, borrow and plan. Start talking with your teen.
Easy to Use Calculators
Articles
1Must have a parent or legal guardian as the joint on the account. A Member Share savings, Member Advantage savings or Early Saver account is required to establish membership. Limit one Early Saver account per person. Early Saver member may not be older than 18 years old.
2Online Banking and eStatements are not available to anyone under 13 years old, eligibility and benefits subject to change.
3Limit one Member Advantage Checking and Saving account per person. Member Advantage eligibility and benefits are subject to change