Best Youth/Teen Checking & Savings Account Bonuses

We have a full list of the best bank account bonuses. A reader reached out asking for a full list of teen checking bonuses as their Mom had introduced them to the site. Below is that effort, currently it is bare bones so I can update it but if it proves more popular I will flesh it out more. I won’t be creating individual posts on each of these (unless it’s a particularly amazing deal) so use this post for discussion. 

A lot of these offers require you to bring a parent/guardian with you to open the account and in many cases require that adult to already have an account with the financial institution. If your parent/guardian isn’t into bank churning you can always introduce them with this guide and search the site for good bonuses for them. 

Nationwide Bonuses

Hudson Valley Credit Union (0-18) – Up To $100 Per Year

Direct link to offer

Requires at least 10 monthly deposits. Bonus you receive each year depends on age:

Age Bonus
Per Year
1-5
$25
6-10
$50
11-15
$75
16-18
$100

Must increase balance by at least $100 each year. 

Wells Fargo $125 (13-24)

Direct link to offer

Requires 10 qualifying transactions

Chase $125 (13-17)

Direct link to offer

Requires parent/guardian to have a Chase account and open with you. The parent’s ineligibility (e.g., got a Chase checking or savings bonus in the last 2 years) makes the child ineligible according to this comment, making this not really worth doing.

Requires 5 qualifying transactions.  

PSECU – $100 (13-17)

Direct link to offer

Requires a $20 donation to make it nationwide so really only $80 bonus.

U.S. Bank $100

Direct link to owner

Requires a joint account with parent/guardian, 10 debit card transactions and depositing $1,000. 

Elements Financial – $5 Per Month (18 & Under)

Direct link to offer

Requires 5 deposits of $5+ per month. 

US Alliance Financial – $10 Per Year Until 13 Years Old

Direct link to offer

$10 per year on your birthday until you turn 13. 

State Specific Bonuses

Logix – $200 and a Carhartt beanie AZ, CA, MA, MD, ME, NH, NV, or VA (13-17)

Direct link to offer

Waukesha State Bank – $250 – WI (Up To 26)

Direct link to offer

Requires a joint owner if under 16

Bank Of Hope $100 + $10 Student Checking – AL, CA, IL, NJ, NY, TX, VA, WA, In Branch  (17-24)

Direct link to offer

Requires 10 debit card purchase. 

Waterstone bank – $200 –  WI (14-26)

Direct link to offer

Can view other posts here

Valley First Credit Union – $200 – Select Counties In CA (Under 18)

Direct link to offer

Cyprus Credit Union – $200 – UT (13-17)

Direct link to offer

Requires completing some education models and depositing first job paycheck for $50 of bonus. 

Simmons Bank AR, IL, KS, MO, OK, TN, TX – $100+ (Under 18)

Direct link to offer

$100 bonus when you turn 18, can also get $1 for every A on report card and $10 bonus for signing up. 

Union Savings Bank $105 –  CT – (5-17). Expires 1/31/26

Direct link to offer

Requires a $50 deposit. 

Alpena Alcona Area Credit Union $125 – MI –  (14-17)

Direct link to offer

Just requires opening with debit card and eStatements. 

Minnequa Works Credit Union $100 – CO – (Under 18)

Direct link to offer

Requires $25 initial deposit and then three more deposits of $25+.

City National Bank $100 – WV, VA, KY, OH (13-17)

Direct link to offer

Oddly requires a direct deposit.

SECU – $100 – MD, DC, DE, PA, VA, and WV (13-17)

Direct link to offer

Requires opening in branch but can also open via their virtual online branch. Must set up eStatements and make one debit card purchase. 

Transcend Credit Union – $100 – KY (13-17)

Direct link to offer

100% match on first $100 deposit. 

The District Credit Union $100 – CO

Direct link to offer

Requires a direct deposit if you want to get the full $300. 

BMI Federal Credit Union – OH $100 (0-17)

Direct link to offer

Must deposit a minimum of $5 at account opening. 

Fifth District Savings Bank – $100 – LA (15-19)

Direct link to offer

Requires 5 debit card purchase. 

Republic Bank – $100 – IL (13-24)

Direct link to offer

Requires 10 debit card purchases

 

Smaller Bonuses

Normally we don’t post bank account bonuses that are under $100. But there are a number of smaller options for teens.

 

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