Teen Banking
Teen banking is a financial service designed specifically for teenagers, typically aged 13 to 19. It allows them to open bank accounts, manage their money, and learn about saving and spending responsibly. Many banks offer features like no monthly fees, online banking, and mobile apps to help teens track their finances easily.
These accounts often come with parental controls, enabling parents to monitor transactions and set spending limits. Additionally, some banks provide educational resources about budgeting and financial literacy, helping teens develop essential money management skills for their future.