Get free checking plus $20 back on out-of-network ATM fees monthly.
Earn rewards, get cash back or take advantage of a low standard variable rate.
Combining your student loans could get you a lower interest rate.
Alliant exists solely to serve our members, not stockholders.
Earn 1.16% APY on your money with an Alliant High-Rate Savings Account.
Teens who learn how to be responsible with their money today are more likely to make good financial decisions tomorrow.
Supercharge your free teen checking account with the high-rate checking option. Simply opt in to eStatements and have at least one monthly electronic deposit to the teen checking account to start earning our great interest rate. Learn more about high-rate checking.
Get tips to help your teen find a summer job and save money.
Learn about teen jobs
As seen in The New York Times
"2017 Best Banks for Students" - Kiplinger
"Best Teen Checking Accounts of 2016" - NerdWallet
Tired of ATM fees? Every ATM is your teen’s ATM with 80,000+ fee-free ATMs and fee rebates up to $20/month (excludes 1% Visa foreign transaction fee)78.
Your teen's smartphone and the Alliant Mobile Banking App make account management and budgeting easy. And they don't even need to carry their debit card with them, because it's compatible with Apple PayTM, Samsung PayTM and Android PayTM.
We won't charge you or your teen a monthly service or minimum balance fee: Alliant Free Teen Checking really is free! But be sure to review our fee schedule with your teen to make sure they understand how to avoid other fees, like those for non-sufficient funds.
Daily debit card limits of $100 in cash withdrawals & $300 in spending provide peace of mind. Plus the adult joint owner has full account access and can set up transaction alerts to monitor your teen's spending.
It's easy to move money from your Alliant account to your teen's, whether it's a one-time transfer or recurring allowance transfers. Standard ACH transfers are free, and only a parent/guardian can set up outgoing transfers.
Alliant's online and mobile banking have a built-in PFM to help your teen review their spending patterns. It helps them see if it's fast-food meals or app store purchases that are the biggest drain on their wallet, making it easier to adjust their spending.
What's the key to teaching your teen smart money management skills? It's talking to them about money and giving them increasing responsibility for managing their own spending.
Discuss smart spending habits and brainstorm ways they can spend smarter to reach savings goals faster.
Encourage your teen to set aside part of the money from their summer job or gifts from grandparents. Saving 10% of their income is a great goal, and will start them down the path to responsible adulthood and living within their means.
Check out this video for great tips on ways to teach your teen about smart spending and saving.
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Is your teen a member of Alliant?
(membership is required)
Yes, my teen is already a member. I only need to open a Teen Checking Account.
Teen Checking (PDF)
No, my teen isn't a member yet, I need to open their membership and Teen Checking Account at the same time.
Membership + Teen Checking (PDF)
Teen Checking applications are transacted via secure email. Just fill out the form below and we will email you with instructions within one business day.
First Name Please enter your first name. Last Name Please enter your last name.
We’ll give you a call if we need additional information from you. If you have mailed in your application and haven’t heard from us about the status of your account within 14 business days – or if you've faxed in your application or dropped it off a branch & haven’t heard from us within 7 business days – give us a call at 800-328-1935 and request an update.
Need an alternative way to submit your application?
Alliant Credit Union
Attn: Account Services
PO Box 66945
Chicago, IL 60666-0945
Find a branch near you.
Let Me Know When Alliant Rates Gets Even Better
Non-standard service fees may apply. Fees subject to change. View our full fee schedule.
Members who are 13–17 years of age are eligible to open an Alliant Free Teen Checking Account.
Yes, joint owners can view your teen’s checking and savings accounts once given access. To view Alliant joint account(s) within online banking, the primary account owner must first give access.
For teen checking accounts, your teen should log in to Alliant Online Banking, then:
1. Select “Settings”
2. Select “Joint Owner Management”
3. Select “Manage Online Access”
4. Select the account(s) your teen would like you to have access to
5. Click the “Update” button
After your teen completes the above steps, you can then log in to your own Alliant Online Banking to view your teen’s checking account.
You can transfer funds to your teen’s account by using our “Transfer Money” module within Alliant Online Banking. Transfers can be made member-to-member or to external accounts and can be scheduled as one-time or setup to be recurring.
Yes, but you must meet two simple requirements monthly to qualify. If you don’t fulfill each requirement monthly, you won’t earn high-yield checking interest for that month. Requirements include:
1. Opt out of paper statements and start receiving free eStatements.
2. Have at least one of the following recurring monthly electronic deposits to your Alliant Free Teen Checking Account: Direct deposit, monthly ATM deposits or transfers from another financial institution into your Alliant account. Transfers between your Alliant accounts do not qualify as an electronic deposit.
The Alliant Teen Checking Accounts will automatically convert to a regular Alliant Free Checking Account once the account holder turns 18. The existing joint owner(s) will continue to remain as joint owner(s) unless they are specifically removed by the primary owner. The primary owner must set up a new password in Alliant Online Banking to access their accounts, as their old password will be disabled. To set up a new password, select “problems logging in” on the online banking login page, then follow the prompts. We'll send a new debit card, which should be activated as soon as possible. The debit cards for the teen account should be shredded, as they will be deactivated shortly after the teen's birthday. At account conversion, the daily ATM Debit Card spending and withdrawal limits will be increased to the regular checking account limits.
The free teen checking account must be opened as a joint account with a parent or guardian. It offers many of the same features as our free checking account, but it offers greater peace of mind for parents or guardians through a variety of controls.
The term “wire transfer” is often used to refer to any electronic transfer of money from one person to another by transferring funds from one financial institution to another for a service fee.
If your card is lost or stolen, please call us at 800-328-1935 (24/7). For international callers, please contact us at 773-462-2000 (24/7).
Use the Transfer Money form to create a recurring transfer into your child's savings or teen checking account.
Want to know more about this product? Search our friendly help guide!
I would highly recommend teen checking with Alliant Credit union. We choose to open my son's account after researching other banks because it seemed to offer him the best benefits at the lowest cost. What we didn't expect was that it would be so easy for my son to learn to budget his money with Alliant. We were quite surprised when he told us one day he had used up his food budget for the week! Thank you Alliant!
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