At BFSFCU, we believe in teaching kids about how credit unions and banks differ, as well as the importance of membership.
The teen years are a great time to put the building blocks in place for life-long financial success. It’s also important for teens to start experiencing some financial independence while seeing how the decisions they make about money can help them achieve their goals.
For example, small, regular contributions and competitive interest rates can have an impact on saving for that important first car or college.
For older teens, learning about electronic payments and how to protect their privacy and their money from identity theft and scams becomes more important every day.
Start saving today, and watch how quickly your money can grow!
1 Joint account with adult 18 years or older required. Additional terms and conditions apply. See the Truth-In-Savings Disclosure for details.
2 Deposits must be made at least once per month. Total deposits each month must equal or exceed $20. Failure to meet the monthly minimum deposit will result in account closure and transfer of the balance less penalty to your Savings account. Withdrawal or cancellation prior to maturity will result in the loss of 180 days of dividends on the amount withdrawn.
3 Certain Digital Banking services are not available for ages 13–17.
VISA® STUDENT CARD
The financial freedom teens want; the financial control parents and caregivers need. Our Visa Student Card will help make it easier for everyone
Educational Tools – (educational articles geared to that age group)
Simply load the card with the amount of money you want—up to $1,000 limit—then give them the card. The Visa Student Card is accepted anywhere Visa cards are and it’s safer than carrying cash. It’s also one of the smartest, easiest ways to teach teens about financial responsibility.
1 There is a $5.00 enrollment fee for the Visa Student Card and a load and reload fee of $1.50.
Financial education can start earlier than you realize! We've partnered with Visa to jumpstart your teen's lifelong money habits through fun games on various banking topics. It's never too soon to start creating these invaluable skills.