Best Teen Checking Accounts Of 2025

Designed for teens ages 13 to 17, the Axos Bank First Checking account earns the top spot in our rankings. With no fees or minimum deposit requirements—and offering access to an impressive 91,000 fee-free ATMs—the account is a worthy contender. We especially like that the account earns interest, introducing the benefits of compounding.

Axos Bank First Checking doesn’t charge for overdrafts or nonsufficient funds, and it even reimburses up to $12 in domestic out-of-network ATM fees per month.

The account has a daily $100 cash limit and $500 debit limit, making it easy to curtail overspending. An adult co-owner must open this account with their teenager.

The Capital One MONEY Teen Checking account offers distinct online and mobile banking experiences for kids and adults, allowing teens to track spending and set goals while giving parents permissions to monitor activity, send allowances and lock debit cards.

We like that this checking account gives teens partial ownership of their finances but also allows parents the ability to remain in control of their child’s spending. Another bonus: Capital One MONEY Teen Checking is open to kids as young as 8 years old, so even preteens can use the account.

PenAir Credit Union LevelUp Spending account is available to children of any age, but kids must be 8 or older to have debit card access. The account offers money management tools and educational resources to help children get familiarized with banking and handling money.

To open this account, the adult co-owner will have to become a PenAir Credit Union member. Anyone can become a member by joining the Friends of the Navy-Marine Corps Relief Society and PenAir will even cover the $1 needed to join. Membership also requires you to keep a savings account at the credit union with a minimum balance of $25.

To be a PenAir member, you’ll need to have a LevelUp Savings account and maintain $25 in that account. That account pays a below-average rate of 0.30% APY.

USAlliance Financial MyLife Checking for Teens is another solid option for parents looking for the ability to monitor account activity while still giving their teens some freedom with their money.

We like that you have the option to give your teen a debit card or ATM card, depending on how much control you want to retain. Teens can make up to $200 in withdrawals per day.

To become an USAlliance member, you can join one of several associations including the New-York Historical Society and the Rye Arts Center.

Teens can make withdrawals up to $200 per day using their debit card. If you want your child to have the ability to withdraw cash but be restricted from making purchases with a debit card, you can opt for an ATM card, instead.

USAlliance charges $15 for non-sufficient funds.

This account lets adult co-owners set limits on spending and ATM withdrawals, and if a teen asks for additional money through the app, the parent or guardian can accept or reject the request. Teens can also plan ahead by setting savings goals and tracking their progress.

To open a Chase First Banking℠ account, a parent or legal guardian needs to have their own Chase account.