Student Checking: Teaching Kids Financial Responsibility
It’s never too early to teach children financial responsibility. With a Student Checking account, teach children how to budget through real-world applications in a controlled environment. If you have a student aged 15 through 18, keep reading to see how a Bank of the Lowcountry Student Checking account could be the perfect fit for your family.
Our Personal Checking accounts can become Student Checking accounts when you add a minor between the ages of 15 and 18. While no one underage can open an account on their own, a joint account with a guardian can be the first step to ensuring they learn how to budget, spend wisely, and track expenses. Learning how to use your bank account is an essential step on the road to financial freedom. Start your children out small with an account all for them under your supervision.
The benefits of a Student Checking account are:
Opens the door to your child’s first bank account.
Parental involvement lets guardians keep a helpful and watchful eye on what comes in and what comes out.
Real deposits and withdrawals teach children how to balance their accounts.
Debit cards give children the freedom to access their funds when they want.
Adjustable spending limits give guardians peace of mind by setting lower thresholds to circumvent fraud and overspending.
All the features and resources of Online Banking.
A checking account is only the beginning! Combine your Student Checking account with a Junior Savings account and teach children how to save at the same time! Both accounts can easily be monitored through Online Banking and making transfers between the two are as easy as clicking a button!
Interest in a Student Checking account? Click here for more information Personal Checking – Bank of the Lowcountry, or call our helpful CSRs at (843) 549-2265 for more information or to get started today!
