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New teen banking members can earn a $100 cash bonus when they join and meet promo requirements.
A Teen Banking account at PSECU is the answer!
Our account, specifically designed for young people ages 13-17, has great perks and is the perfect jumping-off point to help them build a lifetime of healthy financial habits. When they become adults their account grows with them – to college, their first job, and beyond!
We’re not going to nickel and dime your teen with minimum balance requirements and fees, or monthly service fees. Free checking, all the time, so your teen’s money stays with them.
A debit card ensures they can access their funds as needed, conveniently, and that they can manage their money anytime, anywhere through digital banking, available right on their phone.
New teen banking members can earn a $100 cash bonus when they join and meet promo requirements. Here’s how:
Not quite a teen-level saver yet? Our Youth Savings account is made just for kids 12 and under to help build smart money habits early.
We think it’s important for your teen to have a sense of independence when using this account, so they can develop healthy money habits. The major way we achieve this: Digital Banking!
Whether logging on old-school via an internet browser or banking on-the-go with our mobile app, your teen gets the best our digital-first banking model offers:
Features and Benefits:
To Earn the Youth Bonus
During the month of April (4/1/25 – 4/30/25), we’ll match the first deposit of up to $25*** when you open a new Youth Savings account, add funds by April 30, 2025, and meet promo requirements:
Open a youth savings account with a youth, age 0-12, between 4.1.25 to 4.30.25 using promo code YOUTH.
PSECU will match the initial deposit made to the Regular savings share up to $25 within 45 days after the requirements are satisfied.
Note: This does not include the initial $5.00 funding to open the account. The match will be made based on only the first deposit after account opening to the Regular savings share.
Limit one (1) new youth savings account bonus per Youth primary owner tax identification number used to open a new PSECU youth savings account.
Features and Benefits:
To Earn the Teen Bonus
New teen members who open a Teen Banking account can earn $100**** cash bonus when they complete the following within 60 days of establishing membership and meet promo requirements:
Open a Teen Banking account with a Checking Account and debit card using promo code TEEN.
Sign up and log into digital banking (online or mobile).
Make five qualifying transactions – transfers, deposits, and debit card purchases.
Children under age 18 qualify for a 4.00% APY2 on savings account balances of up to $500.
| Description | APY* | Dividend Rate | |
|---|---|---|---|
| Savings Shares (Regular, Additional & IRA) | 0.25% | 0.25% | |
| Youth Savings (Balances of $.01 to $500.00) | 4.00% | 3.93% | |
| Youth Savings (Balances of $500.01 and over) | 0.25% | 0.25% | |
| Checking | 0.10% | 0.10% |
Not convinced yet? You don’t have to just take our word for it. We’ve received three national recognitions for our products and services.
Our teen banking is a savings and/or checking product designed to enable teens to manage their money independently, with joint owner (parent or guardian) oversight. Additionally, PSECU accounts are federally insured by the National Credit Union Administration (NCUA ).
Greenlight is a member perk! It’s a free tool ($67 value) that members can access to help teach their children about spending and saving money.
As a joint owner you will have access to your teen’s account at all times. You’ll open the account for them, and they use it as any other person would use a checking or savings account. Your access as joint owner enables you to log into digital banking to check in on their spending and saving habits regularly.
Additionally, you and your teen can set up important account alerts , turn card access on and off, and explore all our digital banking tools together.
They will receive a debit card with their name on it. The joint owner may also opt to receive a debit card tied to the Teen Banking account.The debit card is tied to the teen’s account, which means the debit card draws directly from their account balance(s). We recommend exploring and setting up card purchase alerts to ensure your teen is spending money and using their debit card responsibly.
In the PSECU mobile app, you can navigate to Manage Cards and lock the missing card. Then, give us a call and alert us to the lost card and we’ll issue you a replacement. We’re available Monday-Friday 8 AM-6 PM and Saturday 8 AM-4 PM (ET) at 800.237.7328.
Learn moreTo make regular recurring deposits, you must be one of the following on the child’s account: primary owner, joint owner, or the custodian.
You’ll need to take two separate actions to make automatic deposits using our transfer service. First you need to link the two accounts, then you need to set up recurring transfers. The steps are slightly different between online banking and mobile banking. The instructions are organized to show how to complete the linking and recurring transfers steps for each platform.
More gimmes + less gotchas = modern digital banking. Become a member today, and let your money live in the 21st century.
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Teen Promo Terms and Conditions. From 1.1.26 to 12.31.26, PSECU is running a teen account promotion. To receive $100, new members, age 13 through 17 must sign up with a teen account with promotional code TEEN via the online application through psecu.com/youth and satisfy each of the requirements listed below. Paper applications are not eligible for this promotion. Your membership application must be started between 1.1.26 and 12.31.26 to be eligible to participate in this bonus offer. Applications started before 1.1.26 or after 12.31.26 will be disqualified from participation in the promotion. “Teen account” is defined as an account where the primary owner of the account is the teen and the adult is a joint owner on the teen account. The teen’s information will need to be within the Primary Applicant fields and the adult’s information will need to be within the Joint Applicant’s fields within the Youth Savings Share application. After the first 60 days from establishing membership, your status to receive the bonus will be assessed and processed, which can take up to 30 days. This means, if all requirements are met, you can expect your bonus to be deposited into your Regular savings share within 105 days from establishing membership. Promotion is open to U.S. citizens or permanent residents between the ages of 13 and 17 who reside in the U.S. at the time of membership enrollment. Membership must be established by a joint owner who is at least 18 years old, on behalf of the minor. Limit one (1) new teen account promotion $100 per tax identification number used to open a new PSECU account. Joint owners listed on accounts are not eligible to be rewarded for this bonus. Minors who already have a custodial account in their name are eligible to participate in this bonus offer so long as the custodial account is in good standing as defined below. You will not be eligible for the $100 Teen promotion if the minor is a current PSECU member with a general membership or teen account, has closed a general membership or teen account within the past 12 months, or has received any new member incentive bonus within the past 12 months for a general membership or teen account. Members who open accounts and/or loans by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information, are not eligible to participate in this promotional offer. PSECU may adjust the deposited bonus or remove the deposited bonus at any time if PSECU suspects accounts and/or loans were opened by fraudulent, suspicious, or illegal means, including but not limited to providing PSECU with fraudulent or fabricated information. $5 is required in the Youth Savings share to open and maintain a Teen Banking account. This $5 Youth Savings share deposit is also required to be eligible to receive the bonus, and the member must be in good standing as defined by PSECU's Bylaws Article II, Section 1 to receive the bonus. A $5 minimum share purchase will be made on behalf of the new member by PSECU. The Annual Percentage Yield on PSECU's Youth Savings is 4.00% on balances of $0.01 to $500.00 and 0.25% on balances of $501.00 and greater. This variable rate is current as of 12.1.2024 and may change. Withdrawals and fees may reduce earnings on the account. The recipient of the promotion ($100) is solely responsible for payment of applicable taxes on that amount. If you have any questions, please seek the advice of a qualified tax professional. The decisions to award a portion or total bonus is solely within PSECU’s discretion, and all decisions made by PSECU shall be final. PSECU may terminate or change the terms and conditions of this promotion without notice. Subject to all applicable federal, state, and local laws and regulations. See psecu.com/teen to learn more.
$100 Teen Promotion (must be completed within 60 days of establishing membership)
Within 60 days of establishing membership, you must sign up with promotional code TEEN, be approved for a checking account with debit card, sign up and log in to digital banking (online or mobile) and set up and make 5 qualifying transactions. The $5 minimum share purchase does not count as a qualifying transaction. All transactions must be posted to the account by the 60th day in order to qualify. Pending transactions will not count towards a qualifying transaction. PSECU is not responsible for delays caused by force majeure, act of God, or third parties in the processing of any transaction.
Qualifying transactions are defined as transfers, debit card purchases, and deposits. Each transaction must be a minimum of $5. Transfers can be made through external accounts and person to person (P2P). Debit card purchases are purchases made with a PSECU debit card. Deposits are money and checks deposited into the new checking or savings account by mobile deposit, ATM deposit, direct deposit, or cash deposit made at participating PSECU locations.
Transactions that are not eligible for the Teen Promotion include, but are not limited to, the following: unauthorized purchases/fraudulent transactions, purchase of Travelers Cheques, account fees, fee reversals, dividends posted by PSECU, overdraft transfers, merchant returns, credit adjustments, government-owned lotteries, betting, lottery tickets, casino gambling.
2 To be eligible for the Youth Savings rate, the primary account owner must be under the age of 18. All eligible Youth Savings Share accounts earn APY for balances of $.01 to $500.00. For balances of $500.01 and over, the Regular Savings Share APY will apply. Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Find our current dividend rates at psecu.com/rates. PSECU requires a $5 minimum balance to open and maintain a Regular share account. This $5 share account deposit is also required to be eligible to receive the Youth Savings rate, and the member must be in good standing as defined by PSECU's Bylaws, Article II, Section I. PSECU will make a $5 minimum share purchase on behalf of the member.