Youth Accounts | Metro Federal Credit Union

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About Youth Accounts

Here at Metro we believe that its never too early to start teaching money management skills to your kids and teens. Our products directed towards METRO's younger members can encourage kids to practice good financial habits that will enable them to become financial savvy adults.

Why open an account for your child?

Money management isn't taught in schools. Let the credit union principles lead you in introducing financial concepts to your child and also teach good financial habits. Monitor their progress and help them:

Think about purchases before spending
Learn the difference between Wants & Needs
Practice setting up a budget
Practice sticking to that budget
Make purchases with a debit card and take money out of an ATM
Track their balance(s)
Build their savings and celebrate as it grows!

Youth Savings

Ages 0-17*

METRO's Youth Savings Account is a fantastic way to teach your children about saving for the future.

Account Highlights

No Minimum Balance Fees - No minimum balance is required for Youth Accounts except for the initial membership deposit of $10
FREE online banking Access - Parents or guardians can keep an eye on account funds to make transfers for allowance and other needs
Special Savings Incentives - Pair the Youth Savings with our kids club account and earn a premium rate on balances up to $500 for children under 13
Save Early for Future Goals - This is the opportunity to teach your child money management skills and the importance of saving for the future…or even just a fun future purchase!

Account Features & Benefits:

Designed for ages 17 & under
$10 to open
No monthly service fee
Balances over $100 earns dividends
Unlimited deposits & withdrawals

What to Expect:

FREE coin counting for all our young members
Parent account linked online access (available upon request w/METRO account)
Students over 17 enrolled part-time or full-time can continue using the student account with proof of student ID up to age 26*

*Automatic transfer to Regular Savings Account at age 18 or up to age 26 when individual is no longer enrolled at least as a part-time student.

Kids Club Account

Ages 0-12*

Now you can put your child’s money in a safe & secure spot AND earn interest. Get the coins out of their piggy bank and into a METRO Kids Club Account!

Account Highlights:

Earn a premium rate in this special Club Account for balances up to $500!
Balances over $500 earn the regular listed Kids Club Account Rate

Account Features & Benefits

No minimum to open
No monthly service fee
Youth Savings Account in Child's name required

What To Expect:

Its easy to add a Kids Club Account to your child's Youth Savings, please fill out an Account Application and return to a METRO staff member.

*Automatic closure of the account at age 13. Balance in the account is transferred to the primary savings account.

Download Application

Student Checking Account

Ages 13-26*

Start you student off with a simple checking account that has advantages to help them succeed! Plus, the benefits grow as they do.

Account Highlights

No minimum balance
Same privileges as mom and dad's checking
Builds financial habits and teaches financial concepts

Account Benefits & Features:

FREE Online access with check images
FREE eStatements, account alerts and notifications
FREE Visa Debit Card
FREE ATM Access to over 30,000 Surcharge-Free ATMs
Dividends on balances $100 and over
Unlimited check writing
Overdraft Protection
Federally insured funds

Additional Benefits for Ages 18 & Up:

FREE Mobile Banking & Mobile Deposit
FREE Online Bill Payment with eStatement enrollment
Send money with Zelle®

What to Expect:

Eligible for Visa Debit card with ATM access
Parent or guardian is required as a joint owner for students 17 and younger
As long as they are enrolled in school at least part-time, the student may keep the account status until age 26

*Automatic transfer to Regular or Premier checking account at age 26 or when schooling is completed.

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