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  1. Home
  2. Teen Banking

$100* Cash Bonus Offer for New Teen Members

Earn a cash bonus when you open a teen account and meet promo requirements.

Get Started
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Empower Their Financial Future

So, your teenager got their first job, or maybe that piggy bank in their room is bursting at the seams. You want to teach them financial responsibility...but how?

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!

2025 Teen

PSECU Teen Banking Account Perks

Free Checking

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.

Debit Card + Digital Banking

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. When they use their debit card, they will earn $.05 or $.10 on eligible purchases3.

Independent Access

Teens have the freedom to manage their accounts, such as making deposits, transferring funds, and more through digital banking. While they enjoy this autonomy, you'll have a watchful eye as joint owners, helping guide and teach them responsible money management skills every step of the way.
Earn $100 Cash Bonus!

New teen banking members can earn a $100 cash bonus when they join and meet promo requirements. Here’s how:

  • Open a PSECU Teen Banking account and add checking and a debit card using promo code TEEN.
  • Sign up for and log into digital banking.
  • Make five (5) qualifying transactions within 60 days of establishing membership.
Get Started
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Bonus

Teen Digital Banking

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:

Everyday Convenience.
Access accounts anytime, anywhere in real time.
Joint Owner Access
Keep an eye on your teen’s finances while they enjoy their independence.
Digital Wallet Ready.
We know teens take their phones everywhere. Our accounts enable them to link their debit card to the wallet app on their phone for tap-to-pay convenience, and no need to carry a physical card.
Mobile Deposit.
Make depositing birthday checks from Grandma a breeze. Teens can snap a pic with their phone and upload to digital banking, so they never have to visit a physical brand.
teen-girl-holding-tablet-wearing-backpack-mx

Youth Savings (Ages 0-12)

Features and Benefits:

  • Special youth savings rate - Children under age 18 qualify for a 4.00%* Annual Percentage Yield (APY) on savings account balances of up to $500.
  • No monthly fees - With no opening or monthly maintenance fees, your child’s savings stay intact as they build their financial future.
  • Gentle guidance - A parent or guardian is required to be a joint owner on this account to help guide the child and teach them the value of saving.

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.

Open a Youth Account

Teen Banking (Ages 13-17)

Features and Benefits:

  • Special youth savings rate - Children under age 18 qualify for a 4.00%* Annual Percentage Yield (APY) on savings account balances of up to $500.
  • PSECU debit card - Both the youth and joint owner(s) are eligible for a PSECU debit card in their own names.
  • Independent access - Teens will have the freedom to manage their accounts, such as making deposits (if enrolled in checking), transferring funds, and more through digital banking. While they enjoy this autonomy, parents have a watchful eye as joint owners, helping guide and teach them responsible money management skills every step of the way.

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.

Open a Teen Account

Special Savings Rate

Children under age 18 qualify for a 4.00% APY2 on savings account balances of up to $500.

Savings & Checking

Valid as of XX/XX/XXXX

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%

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). Regular shares require a minimum balance of $5 to open the account. Youth Savings Accounts will earn a higher APY for balances of $.01 to $500.00. For balances of $500.01 and over, the Regular Savings Share APY will apply. Business Accounts: Business Regular shares require $500 to earn dividends. Business Checking accounts require a minimum of $2,500 to earn dividends.

View Truth in Savings Account Disclosures.

*APY denotes Annual Percentage Yield.

Open a Teen Banking Account
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Services that Pros Trust

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.

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  • 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 more
  • To 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.

    Online Banking
    Linking Accounts
    1. Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
    2. Select Transfers from the top menu.
    3. Select Transfer List on the right side.
    4. Select Link Your PSECU Account on the right side.
    5. Complete the fields for the username of the account you want to transfer to.
    6. Select Link Accounts on the right side. A success screen will display.

     

    Setting Up Recurring Transfers
    1. Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
    2. Select Transfers from the top menu.
    3. Select Transfer From and select the account the transfer will originate from.
    4. A new field will be displayed that will give you access to a secondary drop-down menu. Click on the chevron to select the destination share of the linked account.
    5. Follow the prompts to amount, frequency, start date, and end date, (optional).
    6. After you’re satisfied with these details, select Confirm to complete the set up.

     

    Mobile Banking
    Linking Accounts
    1. Log into mobile banking from the account you are the owner of and where the recurring transfer will originate from.
    2. Select Transfers from the bottom of the screen.
    3. Select Transfer List.
    4. Select Link Your PSECU Account.
    5. Enter the username of the account you want to transfer to and select Next.
    6. Enter the password of the account you want to transfer to and select Link Accounts.
    7. A success screen will display.

     

    Setting Up Recurring Transfers
    1. Log into online banking from the account you are the owner of and where the recurring transfer will originate from.
    2. Select Transfers from the bottom of the screen.
    3. Select New Transfer.
    4. Select Transfer List.
    5. Tap the radio button for the share the money should be withdrawn from.
    6. Tap the down arrow to the right of the linked account and select the linked account share to transfer the money to.
    7. Enter the transfer amount, then Next.
    8. On the following screen, toggle the Schedule Detail switch to select the transfer’s frequency, start date, and end date (optional).
    9. Selecting Next will schedule the transfer. A success screen will display.

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Achieve More with PSECU

More gimmes + less gotchas = modern digital banking. Become a member today, and let your money live in the 21st century.

 

Become a Member
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*Teen Promo Terms and Conditions

From 4/1/25 through 12/31/25, 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. “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 open to U.S. Residents who are between the ages of 13 - 17 (Minor) at the time membership for the Minor and a Joint Owner is established by a Joint Owner who is at least 18 year of age 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. You will not be eligible for the $100 Teen promotion if the minor is a current PSECU member, has closed an account within the past 12 months, or has received any new member incentive bonus within the past 12 months. 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. If the member account is closed within the first year of membership, the initial $5 share will be retained 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 05/24/2025 02:10:35 PM 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.

$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. 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 4.00% 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.

3 You can earn $0.10 cash rewards on eligible purchases of $10 or over with a PSECU checking account and one or more qualifying monthly direct deposit(s) totaling at least $500. You can earn $0.05 cash rewards on eligible purchases of $10 or over for accounts with a PSECU checking account. Certain restrictions may apply. See the Visa® Debit Card Rewards Program Terms and Conditions for full details.

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