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

Teen Checking

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

When your 16 or 17-year-old 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. The Teen Checking account comes with:
  • No monthly fee
  • No overdraft fees
  • Only a $1 minimum balance
  • Debit card
  • Online and Mobile Banking
  • Mobile Deposit
  • Access to thousands of No-Fee ATMs nationwide
The teen account must have an adult joint owner and be linked to the adult's qualifying checking account.

The teen checking account must have an adult joint owner.

The Benefits of a Teen Checking Account
No Surprise Fees

Teens won't be sideswiped with surprise fees. Teen checking accounts have no monthly service fee, no overdraft fee, 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. 
Teen checking comes with a Mt. Rainier design debit card

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

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.


Effective Date: June 8, 2023

2.02% APY*


Up to $500

*Annual Percentage Yield Rate Effective 05/31/2023.
See Disclosure

+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.