Alliant Credit Union Teen Checking Account

You can become a member of the Alliant Credit Union if you're:

• an employee or retiree of a select business or organization OR
• a relative of an existing Alliant member OR
• a member of a select organization OR
• living and/or working in a qualifying community.

If you don't meet any of the four eligibility requirements to join Alliant, there is an alternative way to become a member of this credit union.

You can support Alliant's partner charity, Foster Care to Success, by becoming a FC2S member. Foster Care to Success helps foster teens nationwide by providing grants and scholarships for higher educations, care packages, mentoring and internships. By joining FC2S, Alliant will make a $5 donation (membership fee) to FC2S.

If you'd like to become a member of Foster Care to Success, you'll be able to apply for Alliant membership. At the time of application, you'll need to provide your:

• Valid U.S. government-issued ID ( driver’s license, passport, state or military ID),
• Social Security Number (SSN) or Individual Tax Identification Number (ITIN).
• Personal information (name, address, contact, etc.).

Yes, both you and your teen need to be Alliant members to be eligible for the Alliant Teen Checking Account, as you will be the account co-owner.

In addition to being an Alliant member, your teen must be aged between 13 and 17. 

In order for your teen to become an Alliant member, you, as its parent or legal guardian, must also be an Alliant member.

If your teen is already an Alliant member, you can apply for the Alliant Teen Checking by completing and submitting this Alliant Teen Checking application form.

If your teen is not an Alliant member, they should join first, which can be done at the same time as when applying for the Alliant Teen Checking. You'll need to complete and submit the Alliant Membership and Teen Checking application form.

You can submit your form online or sent it by mail to:

Alliant Credit Union 
Attn: Account Services
PO Box 66945
Chicago, IL 60666-0945;

Or fax to: (773) 462-2124.

Yes, the Alliant Teen Checking Account is an interest-bearing checking account. However, in order to earn interest, you must meet the following requirements:

• you must opt in for online monthly statements, AND
• you must have at least one monthly direct deposit made to the Alliant Teen Checking.

Once your teen has turned 18, their Alliant Teen Checking account will become a regular Alliant Checking Account, with you still being a joint owner, unless your teen decided to remove you.

Your teen will receive a new debit card, as their old debit card will be deactivated shortly after their 18th birthday. Their new Alliant debit card will have greater spending and withdrawal limits.

Your teen's Alliant debit card comes with a daily ATM withdrawal limit of $100, in addition to a $300 daily spending limit. This will ensure your teen doesn't spend too much money on unnecessary things, and learn how to manage and organize their budget responsibly. You, as a co-owner of the Alliant Teen Checking, can also set up account alerts to keep an eye on your teen's spending and balance.

Yes! Your teen's Alliant Visa debit card has an EMV smart chip, which is a secure technology used worldwide for payments, and serves as the global standard for card security. Since it's a contactless Visa debit card, if used as a digital wallet, your teen's debit card information will never be shared with merchants - a token will be used instead the card's number for each transaction. However, thanks to Visa Zero Liability, in case an unauthorized transaction does occur, your teen will be protected against it. To prevent such risks, you and your teen can also set up account and card alerts, to monitor your card activity 24/7. 

As you can see, it is completely safe to use the Alliant Teen debit card - as long as your teen is aware of potential risks, and makes sure they use the debit card responsibly. It's also important that your teen not disclose their Alliant Teen debit card information to anyone.

Both you and your teen can manage your teen's Alliant Teen debit card in Online, Mobile, and Phone Banking. You can use digital banking to:

• activate your debit card,
• order a replacement card,
• report a lost or stolen card,
• reset your PIN,
• track your purchases, which helps prevent unauthorized transactions,
• view ATM rebates,
• set up travel notices, so Alliant knows you'll be using your Alliant Teen Checking Visa debit card abroad, and more!