Online Teen Checking Account | College Student Checking

Debit Cards and Teenagers

Helping your teenager open and manage a teenage bank account with a debit card is a great way to introduce intelligent, safe banking skills to young adults and help them develop financial habits that can serve them for a lifetime.

With a teen checking account like Libby eChecking Basics, teens can practice making deposits, paying bills, and spending and withdrawing money responsibly – all while a parent or guardian monitors their activity. Debit cards for teenagers under 18 also include oversight features that you can control, like spending limits and text or email purchase alerts.

Three friends sitting on the school steps talking

Debit Cards and College Students

The best checking account for college students encourages increased responsibility as students improve their financial literacy and build the money management skills that they’ll need when they enter adult life after graduation.

The best debit card for college students is one they can use anywhere, whether they’re far away at school or home in Chicago. That way, they always have access to cash in an emergency.

Libby eChecking Basics is the perfect college student checking account; the oversight safeguards are totally customizable. The debit card for college students includes access to thousands of surcharge-free ATMs across the country.

Oversight Features

Track activity via Online or Mobile Banking
Transfer money between accounts
Set daily limits on ATM withdrawals
Use CardValet^® to take oversight even further: lock and unlock debit cards, set spending limits, get real-time purchase alerts, and limit transactions to certain areas or merchants

Financial Education Resources

Compare Your Chicago Checking Accounts

Compare our checking account options to find the best fit for your needs. Need help figuring out which one is right for you?

Account	Min. to Open	Interest Bearing	Min. to Earn Interest	Service Charge
Affinity	$300	Yes	$1,000	$6*
Jumbo	$1,000	Yes	$1,000	$6**
Liberty	$300	No	N/A	$10***
Silver Star	$100^	No	N/A	N/A
Libby® eChecking Basics^^	$25	No	N/A	N/A

*$6 PER MONTH. WAIVED IF AVERAGE DAILY BALANCE IS $1000 OR $7500 IN TOTAL DEPOSIT BALANCES
**$6 PER MONTH IF ACCOUNT BALANCE FALLS BELOW $1000
***$10 PER MONTH. WAIVED IF AVERAGE DAILY BALANCE IS AT LEAST $200 OR $5000 IN TOTAL DEPOSIT BALANCES OR WITH A RECURRING DIRECT DEPOSIT OF $100 OR MORE EACH MONTH
^THE MINIMUM BALANCE TO OPEN AN ACCOUNT IS $100.00 OR A RECURRING DIRECT DEPOSIT MUST BE ESTABLISHED
^^ACCOUNT AVAILABLE FOR AGES 16 TO 24

Don’t need checking? Consider a savings account for kids

Our All-Stars Youth Savings Account teaches kids under 18 years of age the basics of saving – and rewards them for getting good grades. We’ll add $5 to your child’s savings account for every report card with an “A” (or equivalent).

Learn More

*The Libby^® eChecking Basics Account is a non-interest bearing checking account for individuals under the age of 25 that is to be established for personal, family or household purposes. The account may be opened by 16 or 17 year olds if the ownership is held in joint tenancy with a parent or legal guardian. When accountholder turns 25, the Libby^® eChecking Basics account will automatically convert to a core checking account product. Minimum balance to open $25. A Liberty Bank Libby^® Visa^® Debit Card is issued on the account. Monthly statements are only provided electronically. Paper statements are available for a $5 monthly fee. Message and Data Rates May Apply. A fee of $75 will be charged if you close the account within 90 days of account opening.

Libby eChecking Basics

Best Bank Account for Young Adults