Jumpstart Checking for Teens


TeenwithParents

We’re passionate about teaching healthy financial habits for generations to come. Start your teen off with just a $10 deposit.

  • Jumpstart Checking is a checking account for teens ages 13 to 17 that requires a parent/joint owner also be on the account.
  • The teen is eligible for a free debit card1.
    • Choose a debit card design that fits your personality and interests.
      • Design options include: Music, Sports, Camo, and Kittens
    • Comes with ATM and purchase limits in place.  
      • Daily ATM limits are set at $200 and daily purchase limits are set at $1000 unless lowered by the adult on the account
  • Both the teen and adult will be setup with a Digital Banking ID for online banking and the Security Federal Bank app 
  • For additional oversight, the parent/joint owner can set up banking alerts and/or restrictions.
    • Sign into Online Banking or the Security Federal Bank app
    • Click Card Management
    • Click Alerts & Protections
      • Protection Options- Choose to receive notification of all transactions
      • Locations - Choose to block all International transactions or send notifications when an International transaction processes
      • Merchant Types - Choose to block certain Merchant Types or receive notification when certain Merchant Type transactions process
        • Merchant Types include: Age Restricted Merchants, Department Stores, Entertainment Merchants, Gas Stations, Grocery Stores, Household Stores, Personal Care, Restaurants, Travel and Other
      • Transaction Types - Choose to block certain Transaction Types or receive notification when certain Transaction Types process
        • Transaction types include: ATM, eCommerce, In Store, Mail/Phone Order, Recurring and Other
      • Spending Limits - Set up Transaction and Monthly Spending Limits
        • Spending Limit - Transactions over the amount set will be blocked and an alert will be sent.
        • Spending Alert - Transactions over the amount set will trigger an alert.
        • Monthly Spending Limit - Transactions that would bring your monthly spending total over the amount set will be blocked and an alert will be sent.
        • Monthly Spending Alert - Transactions that bring your monthly spending total over the amount set will trigger an alert.
  • Free eStatements
    • Paper statements available for $3 per month
  • Minimum Deposit to Open - $10
  • No monthly service charge
  • No minimum balance requirements




















Account openings and credit are subject to bank approval
 
1 Subject to approval