6 Best Teen Checking Accounts 2026

Age range: 6-17 years old.

Monthly fee: None.

Interest and how to earn it: 0.10% APY, earned on all balances.

Overdraft policy: Capital One doesn’t charge any overdraft fees on its consumer accounts. Transactions that overdraw the account can be declined.

ATM access: The bank has over 70,000 free ATMs as part of the Capital One, MoneyPass and Allpoint ATM networks.

Teen-related features: The Money account offers a debit card for teens and a mobile app with the ability to deposit checks. There are no minimum deposits, and teens and parents can sign up for text alerts and emails. Total debit card purchases and cash withdrawals are limited to $500 per day. Parents can also call Capital One to lower this limit if they want.

The online-only account helps parents and their teenagers track spending, deposit funds electronically and lock and unlock the teen’s debit card as needed.

How to open an account: Each account must have an adult co-owner. Once a teen turns 18, they can transfer the balance into other Capital One 360 accounts.

Age range: 13-17 years old.

Monthly fee: None.

Interest and how to earn it: 0.25% APY earned by opting into e-statements and making at least one direct deposit into the account per month.

Overdraft policy: Alliant doesn’t charge nonsufficient funds fees. The co-owner on the teen’s account can opt in to overdraft protection, where Alliant will pull funds from another linked Alliant account to cover the cost of the overdraft.

ATM access: Alliant has over 80,000 surcharge-free ATMs nationwide. Teen Checking customers also receive up to $20 a month in reimbursements for out-of-network ATM fees.

Teen-related features: There is no minimum deposit for Alliant’s teen checking account. This account also has a debit card for teens and mobile banking, including check deposit. Teens are limited to $500 in ATM withdrawals per day, $500 in debit card PIN-based purchases per day and $5,000 in signature-based debit card purchases per day. The teen’s parent or guardian can also set up transaction alerts to monitor spending.

How to open an account: The account must be held jointly with a parent or guardian who is an Alliant member. Membership is easy; new members can support Alliant’s charity organization, and Alliant will make a one-time donation of $5 to the charity on your behalf, which makes you eligible to apply if you don’t otherwise meet the broad requirements. Once one person gains membership, immediate family members are eligible to join.

Age range: 10-17 years old.

Monthly fee: None.

Interest and how to earn it: 2.00% APY on balances of $1,000 and under, 0.25% APY on balances over $1,000. No requirements for earning interest.

Overdraft policy: Connexus charges $4 per overdraft occurrence with a cap of two of these fees per day. To avoid an overdraft fee altogether, customers can link a savings account to cover any transactions that would potentially lead to an overdraft, they can apply for an overdraft line of credit or they can potentially qualify for an overdraft Privilege Pay service.

ATM access: Customers have nationwide access to tens of thousands of fee-free ATMs in both the MoneyPass and Co-Op networks. There aren’t any fee reimbursements for out-of-network ATMs.

Teen-related features: This teen checking account comes with a debit card and a solid APY offering. Connexus doesn’t place additional transaction limitations on the Teen Checking Account.

How to open an account:. Minors need to apply with a parent or guardian. Anyone can become a member of Connexus Credit Union by either making a $5 donation to its affiliated nonprofit or meeting another eligibility requirement. When teens turn 18, they will transition to a Simply Free Checking Account.

Age range: 13-17 years old (18 years old in Alabama).

Monthly fee: None.

Interest and how to earn it: 0.10% APY with no requirements to earn.

Overdraft policy: Axos Bank doesn’t charge overdraft fees.

ATM access: Axos Bank belongs to a network of more than 95,000 fee-free ATMs, and its teen account comes with up to $12 per month in domestic ATM fee reimbursements.

Teen-related features: The account has a $100 daily cash withdrawal limit and a $500 limit for debit transactions.

How to open an account: Parents and their teen can apply for an account through the Axos Bank website.

Age range: 6-17 years old. (Designed for ages 6-12.)

Monthly fee: None.

Interest and how to earn it: None.

Overdraft policy: Chase doesn’t charge overdraft fees on the account and declines transactions that would result in an overdraft.

ATM access: Chase has more than 14,000 free in-network ATMs.

Teen-related features: There is a $400 debit card purchase limit and a $100 ATM withdrawal limit with the account. The account also comes with a feature where parents can set up chores for their teen in the Chase app and assign a reward amount for when the chore is completed. The account can only be funded via transfers from the parent/guardian’s Chase checking account.

How to open the account: Chase First Banking accounts can be opened online, and the person opening the account for their child must already have a Chase account.

Age range: 13-17 years old.

Monthly fee: None.

Interest and how to earn it: None.

Overdraft policy: Chase doesn’t charge overdraft fees on the account and declines transactions that would result in an overdraft.

ATM access: Chase has more than 14,000 free in-network ATMs.

Teen-related features: Unlike the Chase First Banking account, the Chase High School Checking account allows teens to receive direct deposits — like paychecks — and they can also send money through Zelle, an integrated money transfer service that’s available through Chase.

How to open the account: Chase High School Checking accounts must be opened in a branch, and the teen account must be linked with a parent or guardian’s personal Chase checking account.