Insight
Is My Child Ready for a Checking Account?
When it comes to teaching kids about money, hands-on experience is the best teacher. Here’s how to know if your child is ready.
First Checking
Checking for teens. Peace of mind for parents.
Learning financial accountability starts with the right checking account — one aided by your guidance through parental controls. Our teen checking account provides debit card access with no monthly fees.
$20B+
Total Assets
400K+
Customers
4.7K ★
Apple App Store
Why is First Checking smart for teenagers?
First debit card
Your teen can spend responsibly with their own debit card. Transactions are seamless, and they won’t need physical cash.
Zero monthly fees
An introduction to banking shouldn’t include costly fees. Your teen keeps more money in their pocket with First Checking.
Zero overdraft fees
Even adults can accidentally overspend their account. There won’t be any penalty if your teen does the same.
Introduce your teen to personal finance with a checking account built for them.
Teens have financial independence. Parents have control.
Intuitive parental controls
- View your teen’s spending.
- Sync your accounts to one dashboard.
- Lock and unlock your teen’s debit card.
- Set up account alerts.
- Enable biometric login for extra security.
Free debit card. Easy mobile app. Better teen checking.
Get a head start on good money habits.
A checking account allows teens to get their first taste of financial freedom. More importantly, it’s a great way for them to learn smart spending habits and to gain knowledge about personal finance.
Having their own debit card gives teens the ability to make their own purchases and to learn the importance of budgeting.
Learning about personal finance at a young age and putting smart habits into practice leads to an increased likelihood of wise money decisions and staying out of debt as an adult.
Having a checking account is a good opportunity for teens to learn individual financial responsibility.
Axos app
Easy money management for teens. It’s all in the app.
Managing money is easy for teens when they have the Axos app. Track spending, move money, and make mobile deposits—all at your fingertips.
First Checking Frequently Asked Questions
Can I monitor a teen’s account activity?
Yes. You can see transactions in your teen’s account from your active Axos account(s) online or in the mobile app.
How do I open a teen checking account?
At Axos Bank, you can open an online checking account in just a few steps—no branch visit required. Our secure, paperless application takes only minutes to complete, and you can do it all online or in the mobile app.
Is this account FDIC insured?
Yes. All our deposit accounts are insured up to $250,000 through the FDIC.
What is the minimum age for a teen checking account?
The minimum age to open a teen checking account is 13 years old. Accounts are valid through age 17 (age 18 in Alabama).
Is there a fee for the debit card?
No. The debit card is included for free with the teen checking account.
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