Your teen might already be familiar with a checking and savings account, especially if they had a part time job while in high school. A debit card can be a lifeline for a teenager and will come in handy if they need to make a small purchase at the bookstore.
Along with their bank accounts, they should have access to mobile banking. Be sure their account is set up before leaving home. Mobile banking is convenient and secure way of managing money. Banking tasks will be quick and easy - from checking their account balances to depositing checks with a photo.
Although giving your teenager a credit card to use in college seems risky, credit cards offer better protection versus a debit card. In addition, they’ll start building a credit history. Of course, you’ll need to have a conversation with them on how to manage a credit card responsibly.
Provide them with some cash, as well as a lock box for their dorm room.
Good luck to all our college bound members! If you need help opening an account, please stop in one of our branches or visit our website: www.sikorskycu.org
Are you preparing for your teenager to head off to college soon? This is an exciting time for them and they’ll need many things; such as bedding, a shower caddy, notebooks, etc. However, do you know what banking products your teenager needs too? Your college bound teen should have some financial products before leaving the nest.