MyMoney Checking
A MyMoney Checking account is a free checking account exclusively for ages 12 to 17. This entry-level checking account is a great tool to teach young people the importance of saving and spending wisely.
The account includes:
- No payroll direct deposit requirement
- No minimum balance requirement – only $25 to open
- No monthly fee
- No per check charges
- Parent or legal guardian must be a joint/co-signer on the account
- $60 daily withdrawal limit for ATMs (unless otherwise set by parent/guardian)
- $200 daily purchase limit using a point-of-sale terminal (unless otherwise set by parent/guardian)
With a MyMoney Checking account you also get:
- Free Savings Account included
- Free Mobile Banking
- Free Payroll Direct Deposit
- Free Online Banking with e-Statements – parent/legal guardian can request transfer and viewing access from their own Altura account.
- Free online check images
- Free E-Alerts via text messaging or e-mail
- Free MoneyTalks telephone banking
- Free Visa debit card
- Free deposits and withdrawals at all Co-op ATMs nationwide
- Free access to all Shared Branches nationwide
- Overdraft protection when you link it to your savings account
There is no monthly fee for MyMoney checking. Other fees do apply including check orders, non Co-op ATM usage, and NSF (non-sufficient funds) fees. See the Schedule of Fees for details. A one-time membership fee applies for non-members.
