Real choices, real possibilities

Help your teen explore money management.

What’s a MONEY account?

A teen checking account with zero fees. Seriously.

So easy to use, you won’t have to ask them again.

Earn interest on your everyday cash.

Rated T for Teens.

Account Balance Annual Percentage Yield (APY)
All balances

APYs are variable and effective .

Read Disclosures

Learn more about 360 Checking® for adults.

“This was the only account that allowed me to get a debit card for my son and set up a separate account. He is learning to manage his money and the app makes it simple.”

Rebecca K., Fairfax Station, VA, 2016

Have the MONEY talk with your teen.

Help your teen take the first steps toward managing their own money. As joint account holders, you and your teen can talk through what it means to have a checking account in their name and how to use their debit card responsibly.

Plan for the future together.

Give your teens the financial tools today to build the future they want. Easy-to-use features make it simple to show your teen how to set up a checking account, keep track of their spending and save toward their goals.

Give them a good reason to be on their phone.

MONEY: 101

Unlock everything you need to know to start a MONEY bank account for teens. For answers, just click the arrow next to each question below.

What is an online teen checking account?

MONEY teen checking accounts are only available online. That means you and your teen will be able to open an account, transfer money, talk about spending, and practice their budgeting skills—all from the couch.

What are the age requirements?

While this checking account is designed for teens, any child age 8+ can be a joint account holder with their parent or legal guardian. Once they turn 18, your teen can choose to open a 360 Checking account and transfer their balance from their MONEY account.

How do teen debit cards and checks work?

Your teen will receive a MasterCard® Debit Card in their name that they can use to make purchases or withdraw cash where MasterCard® is accepted. They’ll also be able to make free withdrawals at any Capital One or Allpoint® ATM. MONEY accounts are paper-free and don’t offer checks.

How do the MONEY mobile features work?

MONEY mobile features are only available through the Capital One Mobile app, but you can manage and see transactions with online banking. Once you’ve downloaded and signed into the Capital One Mobile app, select your MONEY account. Most of the features should be available through the home screen of your MONEY account. For a more detailed walkthrough, check out these step-by-step instructions.

How do I know what my teen is doing with their account?

As a joint account holder, you’ll be able to access your teen’s checking account anytime with your own username and password. Set up text alerts and email notifications for card transactions and account activity.

What access do teens have?

Teens can check their balance, set up savings goals, set aside money for spending or saving, deposit checks, set up direct deposit and get account text alerts and notifications through the Capital One Mobile app.

What access do parents or legal guardians have?

Parents or legal guardians can send both automatic allowance and one-time transfers, reward their teen's goals, remove money, view transactions and receive text alerts and notifications through the Capital One Mobile app. Parents or legal guardians don't receive a debit card.

How does mobile check deposit work?

You and your teen can deposit checks almost anywhere, anytime with the Capital One mobile app. Just sign in, choose your MONEY account, snap pics of your check and deposit.

Can I open a MONEY account at a Capital One® location?

Life doesn’t just happen within business hours. That’s why MONEY accounts are available both online and in person at Capital One locations—so that you can bank on your schedule. Visit your nearby Capital One location to open your teen’s MONEY account and get started with awesome free digital tools (and a top-rated mobile app) to help them manage their money, almost anywhere, anytime.

Can I add beneficiaries to a MONEY account?

Yes. You can assign up to 10 individuals as Payable on Death beneficiaries, which means that while you’re alive, the beneficiaries won’t have access to anything in the account. Please note that we do not currently support assigning a Trust account as a beneficiary. Assigning beneficiaries can give you peace of mind and can result in increased FDIC coverage for your accounts up to allowable limits. There are 2 ways that you can manage beneficiaries for your accounts.

To minimize health risks from coronavirus (COVID-19), we are temporarily closing select branches and all Capital One Cafés. Customers will be able to access ATMs at any branch that is currently open. ATMs in external vestibules will continue to be accessible 24/7 as usual, even if the branch or Café is closed. You can also access our ATMs at select Target locations. Please use this search to check the status of locations near you.

See what other Capital One customers are saying.

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Web access is needed to use mobile banking. Check with your service provider for details on specific fees and charges. Routine or unscheduled maintenance may impact accessibility. Mobile Deposits are available only in the U.S. and U.S. territories.

For certain banking products we offer, fees assessed at any ATM within the United States and at some ATMs located outside the United States will be reimbursed within 5 business days, up to $15 per statement period.

The Capital One Mobile app has a 4.7/5-star customer rating on Apple’s App Store and is in the top 10% in the Finance App category as of 5/12/2020.

The Capital One Mobile app has a 4.7/5-star customer rating on the Google Play Store and ranks in the top 10% in the Top Free Finance App category as of 5/12/2020.

Questions? Get real answers, from real people.

Phone, social media, Morse code (okay maybe not Morse code). Talk to a Capital One associate today–no SOS required.

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