Spending Account for Kids & Teens

Spending account for kids, teens and parents

Get a simple account with no overdraft fees for ages 8-17 with a parent.

All about an Everyday Spending account

This simple, checkless account with no overdraft fees can be opened with a parent for only $10. It pairs perfectly with the free Family Wallet app – allowing parents to help monitor and teach their child (age 8-17) money basics.

  • Only $10 or direct deposit to open.
  • No monthly service charge.
  • No minimum balance.
  • No overdraft fees.
  • No paper checks.
  • No monthly or annual fee for MoneyPlus™ Visa® debit card.

Open a spending account in three easy steps

In order for kids and teens to access Family Wallet, they first need to open a TFCU spending account. Here’s how:

  1. Visit any TFCU branch with your child (ages 8-17).
  2. Bring your ID and your child’s Social Security number.
  3. Open an Everyday Spending account, get a debit card and enroll in Family Wallet – all in the same day. It’s easy!

New! TFCU Family Wallet

Spending account for them, parental tools for you

With Family Wallet, kids and teens ages 8-17 get a simple spending account, debit card and mobile app – to keep track of spending, saving and more. Parents conveniently enroll and access Family Wallet right from their TFCU online banking and mobile app where they can:

  • View purchases.
  • Assign chores.
  • Pay allowance.
  • Transfer money.
  • Assign money lessons.

Spending account for them, parental tools for you

With Family Wallet, kids and teens ages 8-17 get a simple spending account, debit card and mobile app – to keep track of spending, saving and more. Parents conveniently enroll and access Family Wallet right from their TFCU online banking and mobile app where they can:

  • View purchases.
  • Assign chores.
  • Pay allowance.
  • Transfer money.
  • Assign money lessons.