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No-fee teen checking account with debit cards for teens in Washington state

Teen Accounts

 
APPLY FOR A TEEN ACCOUNT

 
Teen Checking: 
A first-step to the basics of money management

When your teen is ready for a little more financial freedom (with some gentle supervision), consider opening a Teen Checking account with a parent or legal guardian as a joint owner+. Your teen gets to test drive some increased responsibility, and parents have access to the brakes if necessary. Teen accounts are for Members aged 13 to 17 years old. The Teen Checking account comes with:
  • No monthly fee
  • No overdraft fees++
  • Only a $1 minimum opening deposit
  • Debit card
  • Online and Mobile Banking
  • Mobile Deposit
  • Access to thousands of No-Fee ATMs nationwide
Debit Card Card for teenagers


The teen checking account must have an adult joint owner.

The Benefits of a Teen Checking Account
No Overdraft Fees++

Teens won't be sideswiped with unexpected fees. Teen checking accounts have no monthly service fee, no overdraft fees, and a network of over 300,000 no-fee ATMs. Please go over our fee schedule with your teen to help them avoid other fees, such as non-sufficient funds (NSF) charges.
Safety Net

The adult joint owner has full access and an overview of the account. It's easy to set up transaction alerts to monitor your teen's spending. Teens get the freedom of a checking account, along with some added guidance behind the scenes. 
Transfers are a Snap

Move money from the parent checking account to your teen's account in a matter of seconds. It's easy to set up ongoing transfers, like a weekly allowance, for example. Standard transfers are free.
Mobile Friendly 

Our mobile app works with your teen's smartphone. It's the fast, easy way to check balances and keep an eye on spending. Debit cards work with mobile wallets like Apple Pay, Google Pay, and Samsung Pay. So, if your teen has their phone (and they always have their phone), they have access to their money.
Budgeting Basics

Online and mobile banking allow for a basic intro to budgeting. Parents can show teens how to track spending patterns by reviewing monthly statements. Teens can quickly check balances and cash flow at any time. As they see where their money goes, they can decide what has value and what is perhaps not a good way to spend.  
Handy Debit Card

Our debit cards work like cash. Teens can buy gas, food, and clothes with an easy swipe at the register. No more worry and hassle of constantly having cash on hand. Debit cards may be used for online purchases as well. And just in case, if a teen is ever really stuck, a parent can quickly transfer money into the teens account, which is instantly available. 

Teaching children the basics of money management should start early. Providing an education on budgeting, along with a gradual increase in responsibility, and steady parental guidance will prepare teens to make sound financial decisions as adults. Help yourself by helping your kids.
 

Parents can help guide teens towards responsible spending with O Bee's teen checking account
CRAZY SAVINGS RATE


Teens with a checking account are invited to apply for a high interest Savings Account with an unheard of 2.02% APY.* That is one of the highest rates around. Let's talk compound interest! 

This special rate applies to the first $500 in the savings account. To earn this excellent rate, the teen must be enrolled in eStatements.
 

TEEN SAVINGS

2.02% APY*

TEEN SAVINGS ACCOUNTS
Up to $500

*Annual Percentage Yield
Rate Effective 7/30/2025.

See Disclosure
 
Money Tips for Teens

Budget Basics for Teens

As kids grow and start earning money, they often need a little guidance in prioritizing their spending. Helping them set up a budget is the first step toward responsible financial management. Here are five budgeting basics to help your teen manage their money wisely.
 

Read More →

The Power of Saving

Saving money may not be the most exciting concept for teens, especially when faced with the tempting tug of trendy gadgets, outings with friends, or entertainment. However, realizing how important it is to save money when you're young lays the groundwork for financial freedom and security down the road.
 

Read More →

  
Our Savings Goal Calculator will help you determine how much you’ll need to save each month in order to realize your next big purchase.

Access Calculator ›

APPLY FOR A TEEN ACCOUNT
 
 
+Parent or legal guardian must qualify for a checking account. *Annual Percentage Yield. To earn stated dividend rate, child must be enrolled in E-Statements; special rate applies only to the first $500 in your savings account with a suffix of 0001. Amounts in excess of $500 will earn the standard savings rate. Special rate limited to one [1] savings account per member. Requirements will be evaluated monthly for qualification. $1.00 is needed to open account. In the event that you do not qualify for the special rate, your account will earn the standard rate stated for our savings accounts. Rates subject to change. See Truth in Savings Disclosure.

++Teen Checking is designed to decline or return transactions which would result in a negative balance. Non-sufficient funds (NSF) fees will apply to checks returned due to insufficient funds. Please review our Rate and Fee Schedule with your teen to help them understand how fees apply and how to avoid them.