Youth banking refers to financial services specifically designed for young people, typically ranging from ages 13 to 18. These services often include savings accounts, debit cards, and educational resources to help teens learn about money management. The goal is to encourage responsible financial habits early on, preparing them for adulthood. Many banks and credit unions offer youth banking programs that may feature lower fees and no minimum balance requirements. Additionally, some programs provide tools for budgeting and saving, making it easier for young individuals to understand concepts like interest and investment, ultimately fostering financial literacy for their future.