We’re passionate about teaching healthy financial habits for generations to come. Start your teen off with just a $10 deposit.
Key Features
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Mastercard® Debit Card
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Digital Banking
Details
- For teens ages 13 to 17
- No monthly service charge
- No minimum balance requirements
- Both the teen and adult will be setup with a Digital Banking ID for online banking and the Security Federal Bank app
- Free eStatements
- Paper statements available for $3 per month
- Free debit card1
- Daily ATM limits are set at $200 and daily purchase limits are set at $1000 unless lowered by the adult on the account
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The parent/joint owner has the choice to block certain transactions or receive alerts when certain transactions process under the following categories:
- Location Settings
- Merchant Types
- Transaction Types
- Spending Limits
The ability to make card changes is under Card Management - Alerts & Protections in online banking and the SFB app.
- $10 minimum deposit to open
- A parent/joint owner must be added to the account
1ATM and Debit Cards are issued subject to approval.