What parents need to know about opening a bank account kids
If you think your child is ready to take the next step from their piggy bank, to their own bank account, there are a couple things you need to know.
Nicole Cypers from America First Credit Union joined us to explain the process and what parents need to know when opening up an account for their child.
The process isnâ€™t much different than what adults go through when they become a member at America First. Nicole explained that their youth savings accounts feature no annual fees or minimum-deposit levels, competitive dividends, flexible terms and free online access. They also provide youth funds cards along with a debit register to keep track of their spending or saving.
She said the key thing is to be a guide for your children and be part of the process. Make it fun for them to learn about managing their money.
Nicole explained that benefits and perks for their members and Visa or Debit card holders all over Utah and Nevada include Cupcake Friday and discounts to places like SeaQuest and Lagoon. Another partner is Megaplex Theaters where America First not only offers a Matinee Monday discount each week, but also runs a premiere night promotion as well.
The next premiere night contest just opened on their Facebook page for Solo: A Star Wars Story. Premiere night event takes place on Friday, May 25.
America First is also on the verge of another exciting contest to recognize mothers out there who deserve a fun afternoon off. Starting Wednesday, May 2, people can visit their Facebook page and enter nominations.
For more information visitÂ americafirst.comÂ and find them on Facebook: @americafirstfb.