Which Youth Account is Right for Your Student or Child?
Start building smart money habits with our youth banking options! From Custodial Youth Savings for guided saving to the Youth Account for kids, and the flexible Student (Academic) account for teens and young adults up to 21, we’ve got the perfect fit for every stage of growth.
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Custodial Youth Savings
Age 21 and UnderThis account is a great way for an adult to give a savings account to minor.
- Savings Account only
- Custodian Required
- Online Banking
- Get started with a $5.00 deposit
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Youth
Ideal Starter AccountThis account is great for Members to set up with their children to start to manage money.
- Checking & savings accounts
- Member needs to be joint owner
- Account Balance Alerts & Zelle
- Automatic transfers
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Student (Academic)
Students 18-25Ideal for college and post high school students to earn money on their savings AND checking!
- Checking & savings accounts
- No parent or guardian required
- Checking with ability to earn interest
- Account Balance Alerts & Zelle
Why Open an Account?
Opening a youth checking or savings account helps young people develop essential money management skills, like budgeting, saving, and responsible spending.
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Manage Money
Helps manage money by tracking spending, setting savings goals, and making secure payments—all in one place.
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Save for Future
Makes it easy to start saving early, build good money habits, and set aside funds for future goals like college, travel, or a first car.
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Online Banking
Gives you the freedom to check your balance, transfer money, and manage your spending—anytime, anywhere, right from your phone or laptop!
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Independence
Builds financial independence by allowing young adults to manage their own money, track spending, and develop smart saving habits
Talk to a Real Person
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Find Us Nearby
We are thrilled to offer personalized service, expert financial guidance, and access to in-person support.
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Give Us a Call
Get quick answers and personalized assistance without leaving home. We make banking more convenient and accessible.
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Send Us an Email
Email us for personalized, easy, and fast support. A member representative will reply memberservice@welcomecu.org
Learn to Manage Your Money
Opening an account is a great way to learn essential money management skills. You’ll discover how to budget effectively, set and achieve savings goals, and track your spending habits. Our friendly member service representatives are here to help you plan for big milestones, like saving for your first car. Plus, with financial counseling services coming soon, you’ll have access to personalized advice to help you manage, budget, and balance your account successfully.
Youth and Student Account FAQs
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What is the Youth Account, and who is it for?
The Youth/strong> Account is designed for youth ages 12-15 to help them learn money management with a debit card while a parent or guardian remains responsible for the account.
Can a minor open a Youth Account without a parent or guardian?
No, minors under 18 must have an adult joint owner who is responsible for the account and any losses.
What is the Custodial Youth account, and how does it work?
The Custodial Youth account is a savings-only account managed by a parent or guardian. The custodian controls the account and can choose to turn the funds over between ages of 18 – 21 to the child. At 21 ownership transfers to them.
Does the Custodial Youth account come with a debit card or checking option?
No, this account is strictly for savings and does not include a debit card or checking account.
What is the Student (Academic) account, and who is eligible?
The Student (Academic) account is designed for students ages 18-25, offering both checking and savings, with interest-earning checking on balances up to $500.
Are there any minimum balance requirements for these accounts?
- Youth Account & Student (Academic) Accounts: Minimum $25 to open a checking account and $5 to maintain savings.
- Custodial Youth Account: Minimum $5 to maintain savings.
Do these accounts offer mobile banking and online access?
Yes! All three accounts come with mobile and online banking, allowing members to check balances, transfer funds, and more.
Can I use Zelle with these accounts?
- Youth Account & Student (Academic): Yes, Zelle is available.
- Custodial Youth: No, Zelle is not supported.
What are the daily spending and withdrawal limits?
Student (Academic) Accounts:
- ATM Withdrawals: $500/day
- Debit Card (POS) Purchases: $1,000/day
- Mobile Deposits: $2,000/day
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🗓️ Welcome Federal Credit Union will be closed for the Thanksgiving Holiday on November 26 & 27, 2025.
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