MoneyTeens Checking Account

Support your teen's financial journey.

Get started with an account designed for growing independence.

Life moves fast, especially for teens. That’s why we created the MoneyTeens checking account, designed specifically for members ages 13 to 17. With easy access to their money, this account helps teens take control of their finances while learning how to manage spending, saving, and everyday expenses. It’s a smart way to build financial independence with the support of a parent or guardian.

MoneyTeens Account benefits

Mastercard® debit/ATM card
Access to more than 30,000 surcharge-free ATMs nationwide, including more than 1,600 in Michigan
Online and mobile banking
Contactless payments
24/7 support through 365 Live
MoneyNow Overdraft Protection
Dividends on qualifying balances

Build smart money habits

A checking account gives teens the opportunity to practice real-world financial decisions while they still have support available.

Encourage your teen to:

Check their available balance before spending
Review transactions regularly
Set aside part of each deposit for savings
Create a simple budget for recurring expenses
Use account alerts to keep track of activity
Protect their debit card, PIN, and login information

The goal is to help teens become more comfortable making everyday money decisions before they take on greater financial responsibility.

Digital banking for everyday life

MoneyTeens members can use Michigan First Online Banking and the Mobile App to check balances, monitor transactions, transfer money, and manage their accounts wherever they are.

Account alerts can also help teens and families stay aware of important activity such as purchases, withdrawals, and low balances.

Explore All Rates

MoneyTeens Checking Rates.

Daily Balance

$1 to $10,000

as high as

0.00%

APY¹

Daily Balance

$10,000.01 and up

as high as

0.25%

APY¹

Frequently asked questions

View All FAQs

How much are deposits at Michigan First Credit Union insured for?

Michigan First deposits are federally insured by the National Credit Union Administration (NCUA) for up to $250,000 and privately insured by Excess Share Insurance for up to an additional $250,000. Together, this provides up to $500,000 in coverage for qualifying deposits based on account ownership category. Coverage applies to eligible checking, savings, money market, and certificate accounts.

What youth bank accounts does Michigan First offer?

Michigan First offers youth banking options designed for different ages and stages. MoneyKids Savings Accounts help children begin saving, while MoneyTeens Checking Accounts give teenagers experience managing a checking account and debit card. Finley combines a real youth account and debit card with age-appropriate financial education and parental controls.

Can my child get a debit card from Michigan First?

Yes. Michigan First offers debit card access through eligible youth accounts. Finley is available for children ages 6–17 and gives parents tools to view purchases, set spending limits, freeze or unfreeze the card, and help their child manage money responsibly.