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Teen Checking Account Benefits

Debit Card Access (Ages 14+)

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Your teen can earn 5% cash back on purchases made with their debit card every month! Qualifications and restrictions apply.*
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Freedom with Parental Control

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Our Kasasa Cash Back Checking Account offers teens (ages 14-17) the chance to become empowered to manage their finances while still being monitored by their parents.
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No Monthly Fee

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Students can enjoy the benefits of a teen checking account that lets them earn cash back without paying a monthly fee.
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PREPARE YOUR TEEN FOR FINANCIAL INDEPENDENCE

A Teen Checking Account Builds Good Habits

Teen-using-Allegiances-mobile-app-on-their-cell-phone.
Free Online and Mobile Banking
Students can monitor their balance and transactions anytime, anywhere around the clock.
Teen-holding-cash-in-her-hand-after-getting-paid-early-with-direct-deposit.
Early Paycheck
With direct deposit teens can receive their paycheck up to 2 days early.
Teens-using-mobile-payments-to-pay-each-other-on-their-cellphones.
Mobile Payment Options
Your teen can pay a friend or make a purchase online or in-store with their digital wallet.
Cash back on purchases
Your teen can earn 5% cash back by swiping their debit card! Qualifications and restrictions apply.*
ATM fee refunds
Teens can get refunds on ATM withdrawal fees, nationwide (up to $20 monthly)*
Budgeting skills
Your teen can learn how to budget their spending while you monitor their progress.
Free financial resources
Our free financial resources can help your student start off on the right path.
APPLY NOW
Teen-using-Allegiances-mobile-app-on-their-cell-phone.
Free Online and Mobile Banking
Students can monitor their balance and transactions anytime, anywhere around the clock.
Teen-holding-cash-in-her-hand-after-getting-paid-early-with-direct-deposit.
Early Paycheck
With direct deposit teens can receive their paycheck up to 2 days early.
Teens-using-mobile-payments-to-pay-each-other-on-their-cellphones.
Mobile Payment Options
Your teen can pay a friend or make a purchase online or in-store with their digital wallet.

Teen Checking Account Rates

Our Kasasa Cash Back Checking Account is the perfect match for students!
APPLY NOW

APY = Annual Percentage Yield.

$25 minimum to open.

Additional disclosures below.

Checking Account Rates
Checking Account
APY*
Disclosures
Checking Account
Kasasa Cash
APY*
0.50%
Disclosures
Based on terms & conditions
Checking Account
Kasasa Cash Back
APY*
5% Cash Back
Disclosures
Based on terms & conditions
Checking Account
Second Chance Checking
APY*
0.00%
Disclosures
Non-dividend account
Effective January 2, 2024

APY = Annual Percentage Yield.

$25 minimum to open.

Additional disclosures below.

 

Teen Checking Account Features

UPGRADE WITH MOBILE BANKING

Debit Card Controls

While your teen learns how to use a debit card, you can have peace of mind knowing a lost card isn't the end of the world.

Allegiance offers debit card controls inside Mobile Banking making locking and unlocking debt cards easy!

Download the Allegiance Mobile App today to access debit card controls and additional monitoring features.

Allegiance Debit Card Cell Phone Example
UPGRADE WITH MOBILE BANKING

Text Alerts

Setting up text alerts in Allegiance's Mobile Banking helps teens stay on top of their finances by providing updates on their account activity.

These alerts can notify them of low balances, incoming deposits, or unusual transactions, encouraging responsible spending. By receiving instant notifications, teens can develop better money management habits and avoid overdrafts or overspending. Get the Mobile Banking App to set up text alerts today.

Woman in white button up handing cash to customer
UPGRADE WITH MOBILE BANKING

Account Access

Allegiance's Mobile Banking and Mobile App allows teens, and concerned parents, to easily check account balances and transaction history anytime, making monitoring spending simple.

With just a few taps, teens can access important account details like recent purchases and deposits. This convenient access helps teens track their money in real-time and build smart financial habits.

Allegiance Account History Cell Phone Example
UPGRADE WITH THE MOBILE APP

Deposit Checks

Depositing checks has never been easier with Allegiance's remote deposit capture.

Teens can easily deposit checks from grandparents, family members, and their employers using their smartphone, anytime day or night. Get started today with our Mobile App!

Allegiance Check Deposit Cell Phone Example
PAYMENTS MADE EASY

Digital Wallet

When teens add their Allegiance debit card information to their digital wallet, they no longer worry about carrying around an actual card.

They can quickly make secure payments with a simple tap of their phone. Explore how easy it is to get started!

Man wearing Graduation Cap
MOBILE PAYMENTS SIMPLIFIED

Zelle® Payments

With Zelle®, your teen can send money directly from their account to other enrolled recipients in minutes, all within the Allegiance mobile app or Online Banking.

Need to send money to your teen who's always on the go? Zelle® makes it simple!

Learn how to get started with Zelle today!

Woman-using-her-travel-credit-card-points-to-fly-while-sitting-at-airport-on-her-cell-phone.

Free Financial Resources

Help your teen build confidence and prepare for their future with our free resources! 

  • Help with budgeting
  • Help saving for their first car
  • Learn how credit works
  • Learn how to establish credit
Explore Free Blogs & Ebooks
Boy-on-phone-with-free-financial-counseler-from-allegiance
SWIPE WITH CONFIDENCE

Claim your FREE copy!

Gain exclusive access to these teen debit card tips and tricks!

Unlock how to:

  • Secure the best teen debit card for your teen's lifestyle and financial readiness.
  • Take advantage of the safety features and safety nets the best teen debit cards offer.
  • Build financial awareness and good habits now to protect teens from fraud in the future.

 

Checking Account FAQs

Have more questions?

We are here to answer all of your questions. Let us know how we can help!

At Allegiance, we make opening a Kasasa Cash Back Checking Account easy for you and your teen. 

Here is what you will need to open your teen's account:

  • Teen will need a government-issued photo ID (non-expired) OR a Social Security Card
  • Parent will need a government-issued photo ID (non-expired) with proof of residence that's same as child

With Allegiance, all members 14 and older can gain access to a debit card. Who qualifies for membership?

Yes, you can open your teen's Kasasa Cash Back Checking Account online. 

 

Direct deposit is the fastest way to get your paycheck into your checking account.

Because we process items from the Federal Reserve as soon as we receive them, your direct deposit can potentially get your paycheck into your checking account up to two days early.

Contact your payroll or human resources department to request your paycheck be direct deposited. The human resources department will usually need your account number and our routing number: 303085230. 

Some employers have the ability to set up direct deposit online. Check with your payroll or human resources department.

Early direct deposits depend on timing—your payer must provide payment details on time so the deposit can process early. If your deposit doesn't arrive to us early, expect it to arrive on your scheduled payday.

Teen-exploring-Allegiance-financial-resources-on-her-phone-on-steps-outside-in-the-sun.
Free Financial Resources

Your teen has access to free blogs, worksheets, and checklists on everything they need to become financially responsible.

Member Referral Program:

Members can earn $50 if their referral generates a new Kasasa Cash or Kasasa Cash Back Checking account. New account holder must mention the name of the person who referred them at account opening in-branch or on their online application. Cash bonus  will be deposited to referring member's account within 30 days of account opening. Offer may be withdrawn at any time without notice.

Kasasa Cash Back:
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions and transfers between accounts. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.
Reward Information: When Kasasa Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 5% cash back on up to a total of $200 in debit card purchases that post and settle to the account during that cycle period. A maximum of $10.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $20.00 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Kasasa Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back account on the last day of current statement cycle. Rates and rewards are variable and may change after account is opened.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. Minimum $25 deposit is required to open the account. Monthly receipt of electronic statements is a condition of this accounts. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our credit union service representatives at 405-789-7900 for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. Kasasa and Kasasa Cash Back are trademarks of Kasasa, Ltd., registered in the U.S.A. 

Qualification Dates

Month - Year
Cycle Start Date
Cycle End Date
Jan - 2024
12/29/2024
1/30/2024
Feb - 2024
01/31/2024
02/28/2024
Mar - 2024
02/29/2024
03/28/2024
Apr - 2024
03/29/2024
04/29/2024
May - 2024
04/30/2024
05/30/2024
Jun - 2024
05/31/2024
06/27/2024
Jul - 2024
06/28/2024
07/30/2024
Aug - 2024
07/31/2024 08/29/2024
Sep - 2024
08/30/2024 09/29/2024
Oct - 2024
09/30/2024
10/30/2024
Nov - 2024
10/31/2024
11/28/2024
Dec - 2024
11/29/2024
12/30/2024