Teen Checking is available to members who are age 13-17 and requires a parent or guardian as a joint owner.
Teen must be a member to open a Free Teen Checking account. The parent or guardian, listed as a joint owner, will also have access to the account. For safe debit card use, there are cash withdrawal limits at ATMs, up to $100 per day, and spending limits for signature-based and Personal Identification Number (PIN)-based transactions of up to $300 per day each.
Teen checking also offers many of the same features as our Free Checking:
0.65% APY | 0.648% Dividend Rate
High Rate option can be added to Free Checking or Free Teen Checking at any time. Simply opt-out of paper statements and start receiving free eStatements and have at least one monthly electronic deposit to your Alliant checking account.
Your electronic deposit can be a direct deposit, ATM deposit, mobile deposit or transfer from another financial institution.
Who is eligible for a Free Teen Checking account?
Members who are 13 to 17 years of age are eligible to open a Free Teen Checking account.
How can I open a Free Teen Checking account?
You can open a Free Teen Checking account by visiting an Alliant Branch or completing and submitting a Checking application. (Teen must be a member to open a Free Teen Checking account.)
Is a Parent or Guardian required to open a Teen Checking Account?
Yes, a Parent or Guardian is required to be a Joint Owner on the account. The 13 to 17 year old member will be the Primary accountholder.
Can a Free Teen Checking account also earn a high rate?
Yes, a Teen Checking account can qualify for a high rate as long as it meets the same regular checking high rate requirements, which are opting out of paper statements and having at least one monthly electronic deposit (e.g. a direct deposit, ATM deposit, mobile check deposit or transfer from another financial institution).
Are there any key differences between a Free Teen Checking and regular Free Checking account?
Yes, there are three key differences. The Free Teen Checking account offers many of the same features as our Free Checking account, plus Parental Controls, Spending Controls and a “cool” custom card design. Parental Controls – the parent or guardian, listed as the Joint Owner, will also have access to the Teen Checking account. Spending Controls – for safe debit card use, there are cash withdrawal limits at ATMs, up to $100 per day, and spending limits for signature based purchases of up to $300 per day and Personal Identification Number (PIN)-based purchases of up to $300 per day. “Cool” Card - the free Teen Checking Visa debit card features a unique, colorful card design.
Can I open an account for my Teen under the regular Free Checking account program?
All new checking accounts for members between the age of 13 and 17 must be opened as a Teen Checking account.
Will the Teen member, parent/guardian or both receive correspondence regarding the account?
The mailing address and email address of the parent/guardian will be the primary address record. Correspondence will be sent to both the parent/guardian and Teen member. Address changes to the account can only be requested by the parent/guardian. However, the Teen member can have his/her email address added as an alternate email address.
Does the Teen Checking account have access to electronic banking?
Yes, electronic banking is available to Teen Checking accountholders through the supervision of the parent/guardian. This includes online banking, mobile banking and phone banking. The initial passwords for all three of these electronic access channels will be given to the parent/guardian.
Are there any other controls associated with the Free Teen Checking account?
Due to the fact that the Primary accountholder (Teen member age 13 to 17) is a minor, there will be restrictions on certain account activity. The Teen member will be able to make purchases anywhere Visa is accepted and check their balance, make cash withdrawals and deposits at ATMs using the debit card, execute check withdrawals, set up recurring transfers and close the account. Both the Teen member and the parent/guardian will be allowed to activate the debit card, change the debit card Personal Identification Number (PIN), put a status hold on the debit card and reorder debit cards. Only the parent/guardian will be able to initiate overdraft protection, ACH Transfer, open Supplemental Savings accounts & Certificates, request outgoing wires, reorder checks, and complete address changes. In addition, if the parent/guardian believes the account is being abused, they can request to close it with a written consent. In addition, check discrepancies can be filed by both the Primary accountholder and the Joint Owner (parent/guardian); however, any documentation that may need to be signed must be signed by the Joint Owner. Both the Primary accountholder and Joint Owner can request documents and perform stop payments.
What happens when a Teen Checking accountholder becomes 18 years old?
The Teen Checking account will automatically convert to a regular Free Checking account when the Teen Checking accountholder becomes 18 years of age. After this conversion, all the Teen Checking restrictions will be removed. The Primary Owner (Teen) will take over full control of the account. A new debit card will be created and mailed to both the Teen and Joint Owner (parent/guardian) shortly after the Teen’s 18th birthday. When the new debit card is activated, the Teen Checking debit card will be disabled. The Joint Owner’s online banking sign on will be disabled and a letter will advise the Teen how to activate their own online banking account utilizing the New User setup.
If my Teen has an existing Savings account, will the Teen Checking account be opened on the existing account?
If an existing Teen member with a Savings account would like to open a Teen Checking account, the parent or guardian will make the decision to either open a separate account or add the Teen Checking to the existing Savings account.
Does Alliant rebate ATM fees if I use an ATM that is not part of the nationwide network of 80,000+ Alliant-preferred surcharge-free ATMs?
Yes. If you use your Alliant checking account Visa debit card at a non-network ATM and are charged a fee, Alliant will rebate the fee up to $20 per month. The rebate is only applicable to transactions made at non-network ATMs using an Alliant checking account Visa debit card. Note: The rebate does not apply to cash advances from Alliant Visa credit cards through ATMs nor to the Alliant Convenience card, Alliant Visa HSA debit card and Visa International Service Assessment (ISA) fees. (The maximum rebate amount is $20 per month per membership account regardless of the number of Alliant checking account Visa debit cards held for each membership. Please refer to the ATM Rebates section of our website for more information.)
What types of transactions are eligible for the ATM rebate?
Eligible transactions for the ATM rebate include deposits, withdrawals, transfers or balance inquiries from your Alliant savings or checking account when using your Alliant checking account Visa debit card. Please note that for savings account transactions, your savings account will be charged the ATM fee from the ATM owner, and Alliant will deposit the rebate into your checking account. ATM transaction fees are determined by the owner of the ATM. Most ATMs only charge a fee for withdrawals; however, some banks may charge for balance inquiries or transfers. Note: The rebate does not apply to cash advances from Alliant Visa credit cards through ATMs nor to the Alliant Convenience card, Alliant Visa HSA debit card and Visa International Service Assessment (ISA) fees. Members may continue to use our nationwide network of 80,000+ Alliant-preferred surcharge-free ATMs to avoid fees when using these cards.
Does the ATM rebate also apply to Teen checking accounts?
Yes. The ATM rebate benefit is available on the Alliant Teen checking account. If the Teen checking account Visa debit card is used at a non-network ATM and is charged a fee, Alliant will rebate the fee up to $20 per month. Note: The rebate does not apply to cash advances from Alliant Visa credit cards through ATMs nor to the Alliant Convenience card, Alliant Visa HSA debit card and Visa International Service Assessment (ISA) fees.
Can I still use ATMs that are part of the nationwide network of 80,000+ Alliant-preferred surcharge-free ATMs?
Yes. Use our Alliant-preferred surcharge-free ATMs whenever you can to avoid fees charged by banks and other financial institutions. The nationwide network of 80,000+ Alliant-preferred surcharge-free ATMs are available in all 50 states with many in popular merchants, such as convenience stores, drug stores, gas stations, discount retail stores and more. Surcharge-free ATMs include Alliant-owned ATMs and ATMs that are part of the Alliance One, Allpoint, Bank of the West, CO-OP Network, Credit Union 24 CU Here and Publix Presto networks. To find the ones nearest you, use the ATM Locator on our website or on our Mobile Banking app.
At Alliant, security is one of our top priorities. To help protect your personal identity and Alliant accounts against fraudulent activity, we may occasionally block transactions in foreign countries and other areas where fraud is widespread.
If you are planning to travel, please call us at 800-328-1935 (24/7) for additional information and tips.
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If your card is lost or stolen please call us at 800-328-1935 (24/7).
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Please remember this is a public form so you should not share account numbers, personal information, or any other nonpublic information. If you need assistance with a specific product or service, please contact member support at 800-328-1935 or via security email via Online Banking.
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