Bank accounts for teens

Bank Accounts for Teens

Multiple Choice

At what age can teens open a checking account?

• 16

• 13

• 18

Multiple Choice

What is a requirement when opening a checking account if under 18 years old?

• School ID

• Acne

• A joint owner. Usually a parent.

Multiple Select

Some bank accounts usually offer text and email alerts to warn about suspicious activity on your accounts.

• True

• False

Multiple Choice

It is important to research features and fees from different banks and credit unions before making a decision where to open an checking account.

• True

• False

Multiple Choice

You should keep your checkbook and debit card in

• a safe place

• on the kitchen table

• in your friends car

Multiple Select

You should always let your friend use your debit card.

• True

• False

Multiple Choice

Why should you keep track of your checking account?

• To see how much money you are spending

• To see if there are any suspicious purchases

• To check your balance and make sure that you have enough funds to cover purchases.

• All of the above

Multiple Choice

If you notice any suspicious activity in your account you should

• Call 911

• Notify your bank as soon as possible

• Tell your friends

Multiple Choice

What fees might a checking account have?

• ATM out of network fees

• Overdraft fees

• Minimum balance fees

• All of the above

Multiple Choice

You should regularly monitor your account. Banks recommend once per week.

• True

• False