There are no fees to open, keep or use your MONEY Teen Checking account or debit card, or to transfer money from internal or external accounts. And even when your teen turns 18, there will still be no fees.

MONEY Teen Checking accounts are only available online. That means you and your child will be able to open an account, transfer money, talk about spending and practice their budgeting skills—all from the couch.

The MONEY Teen Checking account is available for kids as young as 8, who can be joint account holders with a parent or legal guardian. At 18, they have the option to open a 360 Checking account and transfer their balance from their MONEY Teen Checking account. If they choose not to, their account will stay open.

Yes! Your teen can earn interest each month on their MONEY Teen Checking account. As of 9/9/2025, they’ll earn an annual percentage yield (APY) of NaN on any balance. Interest on their account will be compounded and credited on a monthly basis. Their account will only receive an interest posting if the amount earned during the month rounds to at least $0.01.