Kids and Student Accounts

Kids and Students Account Types

My First Checking Contact Us	High School Checking2 Contact Us	High School Savings3 Contact Us
Best account for
Owned and managed by the parent or guardian1, great for kids to start learning financial responsibility.	Perfect for high school students and parents who want a joint account to start gaining financial independence.	An early way for kids to start learning the importance of saving for their future.
Balance requirement fee
No monthly service fee	No monthly service fee	No monthly service fee
Minimum opening deposit
$100.00	$100.00	$100.00
Age eligibility to open
The minor must be between the ages of 6-13 years old	The minor must be between the ages of 13-17 years old	The minor must be between the ages of 13-17 years old
Interest bearing account
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Unlimited check writing
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Free direct deposit
ATM/Debit card4
Mobile Card Control5
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Free ATM withdrawals at over 55,000 Allpoint Network and Citibank Branch ATM locations
Online banking with Mobile App, mobile check deposit, and account alerts6
Online Bill Pay7    Zelle - Services8
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Paperless Statements9
External Transfers
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¹The account is owned and managed by the parent or guardian. The minor must be designated as a beneficiary, with their date of birth provided. When the minor reaches the age of 13, the Bank may recommend that they open their account.

²A minor must be listed as the primary account owner. A parent or legal guardian over the age of 18 is required to be a joint owner on the account to help manage the account until the minor turns 18. At which time, the account will automatically be converted to a Community Checking account.

³The minor must be the primary account owner. A parent or legal guardian over the age of 18 is required to be a joint owner on the account to help manage the account until the minor turns 18. At which time, the account will automatically be converted to a Community Savings account.

⁴The parent or guardian may be issued an ATM or Debit card for a My First Checking account. High School Checking accounts may offer ATM or debit cards to both the minor and the parent or guardian, subject to parental approval. High School Savings accounts offer ATM cards only.

⁵Must enroll in Universal Bank Online Banking and activate the Mobile App. This service only applies to debit cards. Mobile Card Control allows cardholders to set merchant types,set purchase limits, and specify regions. Additional restrictions may apply.

⁶Online Banking with Mobile Deposits and Account Alerts is available to minors between the ages of 13–17 with a parent or guardian account holder. Mobile Deposit and Account Alerts require enrollment in Universal Bank Online Banking. Other limitations may apply.

⁷Online Bill Pay is not available to minors under the age of 18. It is only accessible to parent or guardian account holders who are enrolled in Universal Bank Online Banking and have activated Online Bill Pay. Other limitations may apply.

⁸Zelle is available to minors between the ages of 13–17. Enrollment in Zelle with a U.S. checking or savings account is required to use the service. Universal Bank customers must use an eligible Universal Bank consumer checking account, which may have its own account fees. Consult your account agreement. To send money to or receive money from a small business, both parties must be enrolled with Zelle directly through their financial institution's online or mobile app experience. Funds are typically made available in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle (go to enroll.zellepay.com to view participating banks). Select transactions could take up to three (3) business days. Enroll in the Universal Bank mobile app. Other limitations may apply. Message and data rates may apply.

Only send money to people and businesses you trust. Neither Universal Bank nor Zelle offers a protection program for any authorized payments made with Zelle, or provide coverage for non-received, damaged, or not-as-described goods and services you purchase using Zelle, so you might not be able to get your money back once you send it.

Zelle and the Zelle-related marks are wholly owned by Early Warning Services, LLC, and are used herein under license.

⁹No fee will be assessed if the account does not enroll in paperless statements.

Consumer Rate Sheet