As School Year Draws Near, Consider Options for Young Savers

The beginning of a new school year is the perfect time to start a child’s financial education, too!

08/12/2019

As School Year Draws Near, Consider Options for Young SaversOur Student Checking Accounts are available to customers between the ages of 13 and 23, and come with a free debit card and overdraft protection, with no minimum balance and no monthly maintenance fee. They also include:

  • Free Online, Mobile, and Telephone Banking
  • Free eAlerts to help parents monitor account activity in real-time
  • No fee for paper statements to allow parents to review and educate kids
  • Lock and unlock your debit card with free eAlerts
  • Convenient access to over 33,000 completely free ATMs
  • Free coin-counting
  • Free person-to-person payments with Popmoney
For younger savers, Seymour Savings accounts earn the same interest rate as a regular Statement Savings account, and there is no minimum balance requirement or monthly fee until age 21.
And if you need to equip kids with funds, our prepaid, reloadable cards are ideal for youth 13 years or older, offering the simplicity of a credit card without the fear of a big bill getting run up — you can only spend as much as you have. The card and funds are replaceable if lost or stolen, funds can be managed via text, and you can use the cards at over 33,000 free ATMs.
 
To learn more, visit northshorebank.com or your neighborhood office.

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