How to Open a First Checking Account for Your Child
Opening a checking account for your child is a big step toward financial independence—and it’s easier than you might think. Whether they’ve just landed their first job, are heading off to high school, or are simply ready to learn how to manage money, Ft. Randall Federal Credit Union makes the process smooth, educational, and secure.
Here’s what to expect as you help your child take this important financial step.
Why Open a Checking Account for Your Child?
A checking account is more than just a place to keep money. It’s a valuable tool that teaches:
Money management
Responsibility
Smart spending habits
How to use banking technology
It’s also a great opportunity to start conversations about budgeting, saving, and the importance of financial wellness.
Know When They’re Ready
While there’s no perfect age, most parents open a joint checking account when their child starts earning money or managing a monthly allowance. Ft. Randall FCU offers options for youth and teen accounts, often jointly held with a parent or guardian.
Parental involvement is key. You’ll be able to monitor transactions, set limits, and guide your child as they begin their financial journey.
Gather the Required Documents
To open a checking account, you and your child will need to bring a few things with you:
Your child’s Social Security number
A form of ID (school ID or birth certificate may be acceptable, depending on age)
Parent/guardian’s valid government-issued ID
A minimum deposit (call ahead or check online for current requirements)
Our team at Ft. Randall FCU will walk you through everything you need—no surprises.
Choose the Right Account
Ft. Randall FCU offers checking accounts designed with young members in mind. These accounts come with:
No monthly fees
Debit card access
Online and mobile banking
Account alerts and spending limits
Educational resources to help teach budgeting and saving
These tools empower your child while giving you peace of mind.
Teach & Guide Along the Way
Opening the account is just the beginning. Sit down together and go over how to check balances, set up direct deposit, use a debit card safely, and avoid overdrafts. Consider setting up mobile alerts or scheduling time each week to review transactions together.
Grow with Their Needs
As your child matures, their banking needs will change. Ft. Randall FCU can help them transition from student accounts to full-service checking, personal loans, and even credit cards down the road, always with a trusted team by their side.
Ready to Get Started?
Stop into your nearest Ft. Randall Federal Credit Union location to open a joint checking account for your child. Our friendly staff will make the process quick, easy, and informative for both of you.
Together, we can build the financial foundation your child needs to thrive today and in the future.
