Individual and their child looking at vegetables at a market.
Youth Checking Account

A step toward independence

Controlled everyday spending for family members ages 12–17

On this page:

Introduce a family member ages 12–17 to money management with a child/minor spending account that you manage together. Limited debit card and ATM access provides your young family member with the opportunity to start making purchases. For peace of mind, you can view their account activity at any time in Digital Banking.

Youth checking account details

Included with a Youth checking account  

Age range

Included with a Youth checking account

12–17

Primary account holder

Included with a Youth checking account

The minor

Managed by

Included with a Youth checking account

The minor and the UNFCU member who opened the account

Access to Digital Banking

Included with a Youth checking account

The minor and the UNFCU member who opened the account

Maintenance fee

Included with a Youth checking account

$0.00

Standard rate

Included with a Youth checking account

0.05% APY1

Premium rate

Included with a Youth checking account

1.00% APY1

Minimum balance requirement

Included with a Youth checking account

$0.00

Link a debit card

Included with a Youth checking account

With the following daily limits:

  • Purchases: $140
  • ATM withdrawals: $60

Visa® foreign transaction fee

Included with a Youth checking account

1.00% for non-USD cash withdrawals and USD cash withdrawals outside the US

Mobile & email account alerts (setup required)

Included with a Youth checking account
  • Account transactions
  • Debit card purchases
  • Account balances

Arrange for payroll deposit

Included with a Youth checking account

Insured by NCUA

Included with a Youth checking account

Up to $250,000 per account holder

Overdraft protection

Included with a Youth checking account

View options

Member Loyalty Rewards

Included with a Youth checking account

Two individuals looking at cellphone.

Open a Youth checking account

Give the gift of good money habits.

Top child/minor account FAQs

When a minor becomes an adult, they can become a member of UNFCU: 

  • Minors with Youth accounts may convert their Youth accounts to standard accounts at age 18. 
  • With the custodian's consent, minors may convert their Custodial accounts to standard accounts at age 18. Minors with Custodial accounts may not convert their Custodial accounts to standard accounts on their own until age 21. 

When a minor reaches the required age, we will send them instructions on how to become a member of UNFCU. They can also close their account(s) if they prefer. The former minor will have 60 days to complete their membership application or close their child/minor account(s). After 60 days, their access to the account(s) will be frozen. We will remove this freeze as soon as they complete their membership application or close their child/minor account(s). 

With a Youth account, the minor can access the money in the account. For security, anyone with access to the account needs to present a valid form of identification.

All US financial institutions, including credit unions, must comply with the reporting rules of the US Internal Revenue Service (IRS). To report the correct information, we need to know if a member and account holder pays taxes in the US. Form W-8BEN should be completed by members and account holders who are not US taxpayers. Form W-9 is for US taxpayers.

For Custodial accounts, the custodian needs to sign the applicable tax forms. For Youth accounts, either the minor or the adult joint account holder can sign.

Resources to help you manage your account

Visit the Help Center
Digital Banking Setup

Enroll in Digital Banking

Digital Banking Setup

View account statements

Savings & Spending Accounts

Remotely deposit US checks

UNFCU Membership

Member Loyalty Rewards FAQs

Explore child/minor savings accounts

Save for your young family member’s future in an insured account that earns dividends.