MONEY TEEN CHECKING
A no-fee account to teach teens banking
They get a debit card and mobile app, all under your parental control.1
Learn financial independence with Capital One & EVERFI
Capital One is partnering with EVERFI’s online education course, Modern Money, to help teens learn financial basics and well-being.
Educate your teen about financial responsibility
Financial freedom is just around the corner. MONEY Teen Checking gives first-time bankers experience with saving, spending and managing their own personal bank account.
Get a free debit card
Teens can use their card to make purchases, plus access money at 70,000+ fee-free ATMs.
Track spending & saving
With Capital One’s top-rated mobile app, teens can develop good money habits, set goals and track spending and saving progress.
Send money with Zelle®
Zelle® is a fast and easy way for your teen to send money to friends and family with their MONEY Teen Checking account.
Enjoy account security and spending visibility
MONEY Teen Checking gives parents oversight tools and account accessibility to monitor and guide their teen’s saving and spending. Plus, security features help their teen manage money with confidence.
Spending limits
Parents can set spending limits on the MONEY Teen Checking account to help protect their teen’s account balance.
Card lock/unlock
If your teen loses or misplaces their debit card, you can easily lock or unlock it through the Capital One Mobile app.
Real-time alerts
Set up text alerts and email notifications to stay on top of your teen’s card transactions and account activity.
Worry-free banking for you and your teen
There are no fees or minimums to open, keep or use a MONEY Teen Checking account, even after your teen turns 18. It’s a safe, secure step to help build financial independence.
Easy money transfers
Parents can link accounts to set up automatic allowances or make one-time transfers.
Direct deposit
Teens can set up direct deposit for payments, just like a traditional adult bank account.
Frequently Asked Questions
Why is Capital One partnering with EVERFI?
Capital One is committed to helping people of all ages achieve financial well-being, whether they bank with us or not. By partnering with EVERFI, a leader in driving social impact through education, we’re helping to provide access to free digital lessons so teens can get one step closer feeling confident, capable and in control when it comes to their money. Capital One also offers free financial resources and tools through our Money & Life Program and at our Capital One Cafés.
What are the fees for a teen checking account?
There are no fees to open, keep or use your MONEY Teen Checking account or debit card, or to transfer money from internal or external accounts. And even when your teen turns 18, there will still be no fees.
What is an online teen checking account?
MONEY Teen Checking accounts are only available online. That means you and your child 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 for opening a MONEY Teen Checking account?
The MONEY Teen Checking account is available for kids as young as 8, who can be joint account holders with a parent or legal guardian. At 18, they have the option to open a 360 Checking account and transfer their balance from their MONEY Teen Checking account. If they choose not to, their account will stay open.
MONEY MANAGEMENT 101
LOCATIONS
Find an ATM or Capital One location near you
When you need us, we'll be there. Visit a Capital One Café, ATM or branch near you.