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
- Online & Mobile Banking (including Instant Balances, Touch ID, Mobile Deposit, CardValet® and Popmoney®)
- Debit card with access to thousands of surcharge-free ATMs in Chicago and around the country
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.
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 included debit card for college students includes access to thousands of surcharge-free ATMs across the country.
- Track activity via Online or Mobile Banking
- Transfer money between accounts
- Set daily limits on ATM withdrawals
- Set text or email withdrawal alerts
- 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
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 $50 will be charged if you close the account within 90 days of account opening. Liberty Bank for Savings reserves the right to discontinue this product or offer at any time.