No fees
No monthly or maintenance fees—you keep what you earn
No minimums
No minimum to open or keep your online account
COMPARE KID AND TEEN BANK ACCOUNTS
KIDS SAVINGS
Make their allowance go even further
A kid-friendly savings account with grown up benefits. Your kids can earn a great rate while learning about saving and financial literacy, all with you right by their side.
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MONEY TEEN CHECKING
Teach money management and independence
They’ll get a debit card, login and financial freedom. You’ll get visibility and control over their spending.
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THEIR MONEY, YOUR WAY
Bank securely
Your money is FDIC-insured, which means it’s protected by the US government up to allowable limits.
Manage together
Parents and kids will each have access to the accounts, making it easy to monitor spending and saving, set automatic transfers and teach vital money management skills.
Access almost anywhere
Deposit checks, make account transfers and manage automatic savings plans with the Capital One Mobile app. You can keep an eye on your kids’ accounts from your phone, too.
FREQUENTLY ASKED QUESTIONS
What is a kids saving account?
These accounts let you teach your kids smart money habits at a young age while earning a strong savings rate. Capital One Kids Savings Accounts let you send their allowance on a schedule, link your bank account for easy transfers and create multiple accounts for each of your child’s financial goals.
What do you need to open a kids or teen bank account?
Depending on where you bank, requirements might be different. At Capital One, you’ll need to provide details like: address, date of birth and Social Security number. For more info, check out the FAQs on Kids Savings or MONEY Teen Checking.
What are the age requirements for a kids savings account?
Different banks may have different requirements. At Capital One, it’s never too early to open a Kids Savings Account for your child. Start saving when they’re a baby and watch their money grow as they do. A Kids Savings Account is owned by one child under 18 years old and one adult. If the child is under the age of 12, the adult must be the child’s parent or legal guardian.
When should I open a savings account for my kid?
There’s no right or wrong time to start. Giving them a basic understanding of money and the importance of saving can help set them up for a strong financial future.
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