Libby eChecking Basics

For teens and young adults to start their financial future.

It’s never too early to learn financial responsibility, and you’re never too young to get the help and guidance you need to plan for the rest of your life.

With a full slate of personalized services and comprehensive safeguards, eLibby is a modern way to get ready to earn and spend responsibly.

With customizable safeguards, no monthly fees, and full mobile banking capabilities, Libby^® eChecking Basics is the ideal teen checking account or college checking account for the young adult in your household.

Just $25 deposit to open
No minimum balance to maintain
For ages 16 to 24
Online & Mobile Banking (including Instant Balances, Touch/Face ID, Mobile Deposit, CardValet^® and Popmoney^® )
Debit card with access to thousands of surcharge-free ATMs in Chicago and around the country

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Debit Cards and Teenagers

Helping your child open and manage a teenage bank account with a debit card is a great way to introduce smart, safe banking skills that will last 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.

Debit Cards and College Students

The best checking account for college students encourages increased responsibility as students improve their financial literacy.

And the best debit card for college students is one that can be used anywhere, whether far away at school or at home in Chicago. Libby eChecking Basics is the perfect college student checking account; the oversight safeguards are totally customizable, and 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 a 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).

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*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 $50 will be charged if you close the account within 90 days of account opening.