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Youth Checking
Ready to Start Their Journey?
Foster financial independence in your child by helping them open a checking account all their own – even without a joint member! FECA youth accounts give youth the opportunity to discover the foundations of how to spend, earn, and save.
FECA Youth Checking comes with plenty of safeguards to help kids learn responsible money management: $400 daily limit on all POS and ATM card transactions; overdraft protection from their Share Savings account. At 15, youth members can apply for a FECA Debit Card that is ineligible for Courtesy Pay. Once your youth turns 22, their account can be converted into a standard checking account.
Ready to Start Their Journey?
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Requirements
For Youth ages 15-21
Fees
$0
Benefits
- Youth Programs
- Youth Membership
- Safeguards: $400 daily limits, overdraft protection, and more
- Youth rate bonus on Share Certificates1
- Free EStatements
- Free Online & Mobile Banking
- Bill pay
- Unlimited Check Writing
- VISA® ExpressCheck Card w/ Rewards2
1 YOUTH BONUS = ADD YOUR AGE AT ACCOUNT OPENING IN BASIS POINTS TO THE DIVIDEND RATE.
2 $400 DAILY LIMIT FOR YOUTH.
Who Does Youth Checking Benefit?
Families who understand it’s never too early to learn good financial habits.
Benefits of Youth Checking
Kids Learn to Manage Their Own Money
Your children can begin building good money habits with hands-on learning within the FECA mobile app where you can work with and monitor their budgets as a family. Your child is also enrolled in one of our youth programs which has resources to build even more good habits.
Modern mobile access
Your child can learn how to manage their finances digitally now and build good habits for the future within the FECA mobile app. They can check their balance and track their savings at any time. Since today’s youth always have their mobile devices with them, by connecting their account with their mobile wallet, you can rest assured that they will always have access to funds whenever they need it.
Easy Money Transfers
You can quickly and easily transfer money directly into your child’s account online or in the FECA mobile app. Does your child get an allowance? Set a recurring transfer from your mobile device into their checking or savings accounts.
Youth Bonus on Share Certificates
To help establish the habit of saving early, we offer Youth Account owners a special rate bonus on Share Certificates. The Share Certificate rate bonus is based on the youth member’s age.
Youth Bonus = add your age at account opening in basis points to the dividend rate! For example, if you are 11 years old and the rate is .35%, then .35+.11=.46%. (Available to members under 22 years old.)
Peace of mind
Online access and the FECA mobile app make it easy to keep an eye on your child’s spending habits providing you the opportunity to respond to teachable moments. You can also turn your child’s card on and off, easily pay their allowance, and track transactions to help provide a safety net when they need it.
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Benefits of all FECA Checking
No matter which checking account you choose, all FECA Checking accounts have access to these benefits:
Value Rewards
Get reward points for every purchase with your Visa ExpressCheck Card. Redeem points for gift cards, merchandise, & electronics.
Direct Deposit
Get your FedEx paycheck (or other employer’s) put directly into your account. Automatically split funds, like a regular allowance, directly into the youth account.
Bill Pay
Let your kids learn the responsibility of paying for their activities themselves. Make payments to friends, sports teams, gymnastics, the school band, Scouting, or any activity easily online or in the mobile app.
eStatements
Why wait for a paper statement? Save time and trees with secure and easy electronic statements.
Access to our ATM & branch network
FECA members have access to our network of 85,000 ATMs/ITMs & 5,000 branches across the U.S.
Your Funds are Protected
We wanted to make sure all our members could be assured that their funds are safe at FECA. That’s why your accounts are insured up to $500,000. The first $250,000 is insured by NCUA and the remaining $250,000 is insured by ESI.
Youth Programs
Through our partnership with BALANCE, we provide programs designed to help raise the next generation of money-smart members.
Youth 7-12
M3 Money Club
Get access to an age-appropriate comic book an interactive website full of kid-friendly financial content, quizzes, comics and more!
Youth 13-22
Elements of Money
You want to help your teen grow into a financially responsible adult – we do too! Get a newsletter and an interactive website designed especially for teens to help them better financial consumers.
Mobile Wallet. The easy way to pay!
Connect your Basic Checking Visa Debit Card to your mobile device. You can leave your wallet or purse behind, and make fast, secure payments with a wave of your phone or mobile device.
