First Student Checking Account

For children and teenagers aged 10 to 24, MPH Bank First Student Checking is an online checking account. Debit cards, mobile deposit caps, money transfers, and other options are all controllable by parents.

The account is fantastic for teenagers because it also gives them access to Zelle payments (for account holders over 18) and 55,000 fee-free ATMs.

securely on the bank's website

Your children won't learn important money lessons through a bank account on its own. Parents can take the following steps to make sure their children are learning important financial skills before they depart for college or the workforce.

Encourage kids to work for a living. The majority of parents prefer that their children concentrate on their studies, however, teenagers can succeed in school and work in various jobs. Parents can assist kids in concentrating on income-generating activities that work with their schedules. This can entail picking up extra work on the weekends, working after school, or accepting a summer job.

Give teenagers the responsibility of covering fair costs. As children transition into adolescence, they can probably make a few hundred bucks every month. As a result, they have a source of income to sustain their way of life. By making their children responsible for some expenses, parents can teach their children good money management. A young teen, for instance, might be able to afford a $15 monthly cell phone subscription. The slightly older individuals most likely have the financial means to purchase apparel. Teenagers who start driving can afford to work a little bit more and pay for some of their insurance as well as petrol for their automobiles. Giving teenagers financial responsibility will enable them to balance their needs and wants.

Once per month, review your spending. Parents may view their adolescent's spending habits thanks to teen checking accounts. Some of the checking account's built-in capabilities can be used by parents to explain to their teenagers where their money is going. Teenagers might be horrified to see $175 spent at Starbucks, or they might be completely content. Regardless of how much money an adolescent spends, regular check-ins provide parents the chance to find out how they feel about their spending and whether they want to allocate additional funds to longer-term objectives.

Set up automatic transfers to investment or savings accounts. Teenagers can set up automated rules to deposit money into savings or investing accounts once they start earning money regularly. This can assist students in saving money for major expenditures (such as a new phone, car, or college tuition) or long-term investments.

Checking account details

Checking account fees

  • Monthly Fee
  • APY
    1.00% APY
  • Minimum Deposit to Open
  • Out-of-Network ATM Transaction Fee
  • Out-of-Network ATM Withdrawal Fee
  • Overdraft Fee
  • Non-Sufficient Funds Fee
  • Foreign Transaction Fee

First Student Checking Account FAQ

1. What Is an Online Checking Account?

An online bank account, such as an online checking account, can be accessed and managed via a website or mobile app. The majority of banking organizations have online checking accounts or online account access, however, other banks only have an Internet presence.

2. What Advantages Can Online Checking Accounts Offer?

A checking account that is entirely online frequently offers greater interest rates, lower fees, and simple access to transfers and money management tools. Budgeting tools are also available with many online checking accounts.

3. With an Online Checking Account, Am I Able to Use ATMs?

Yes, a lot of online banks collaborate with ATM networks to give you access to cash at ATMs all across the country, usually at no charge. With an online checking account, you also receive a debit card that you may use to make purchases and withdraw cash from ATMs.

4. Do Masters Students Have Access to Student Banking?

You might discover that you qualify for a student bank account as a graduate student. If you've previously had a student account, it might also be doable. If you have just finished your undergraduate education, your bank might also let you keep your current student account.

5. Are Student Bank Accounts Necessary?

You don't necessarily need to have a bank account just for students. However, student accounts give them access to special privileges like a capacity for interest-free overdrafts. Having a student bank account is beneficial because of the availability of "free" lending during your studies.

6. How Can I Create An Account?

The first step in joining You must possess the following knowledge:

  • Your email
  • Your mobile phone's area code
  • Legally binding first and last name
  • Your physical location
  • Your birth date
  • The social security number
7. Is It Safe And Secure?

A secure banking experience is provided by Both the website and the app include bank-level security features and 256-bit encryption.

The money in your bank accounts is also up to $250,000 covered. Liberty Savings Bank provides FDIC insurance. Overall, you should feel at ease using to make banking transactions.

8. How Can I Reach

Call 800-892-8789, or send a secure email using your account. The bank can also be found on Facebook, Instagram, and Twitter (@mphbank).

Check Out Other Products From MPH Bank
Bank Monthly Service Charge Minimum Deposit to Open APY
Free Digital Checking Account $0 $0 1.00% APY
Friends Referral Reward Checking Account $9 $0 0.00% APY
First Student Checking Account $0 $0 1.00% APY
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