Opening your first bank account is a big step — and it’s way easier than it sounds. Whether you’re saving for your next shopping spree or just trying to keep track of your earnings, having a bank account gives you control over your cash and helps you build smart habits early.
Step 1: Choose the Right Bank & Account Type
Start by deciding where you want to open your account. You can go with a traditional bank, a credit union, or even an online-only bank. Then decide what kind of account you need — most teens start with a checking account (for spending) and/or a savings account (for saving).
- Pro tip: Look for teen or student accounts — they usually have no fees and are designed just for you.
Step 2: Gather What You’ll Need
Here’s what most banks ask for when opening a teen account:
- A parent or guardian (you’ll probably need a joint account)
- A valid form of ID (like a school ID or passport)
- Social Security Number (yours and your parent’s)
- Minimum deposit (some banks ask for $10–$25 to start)
Step 3: Open the Account (In Person or Online!)
You can usually open the account online in 10–15 minutes, or go into a branch with your parent. The bank will help you set everything up — and give you a debit card if it’s a checking account.
Step 4: Learn to Manage It Like a Boss
Once your account is open, it’s all about using it wisely:
- Track your balance with the bank’s app (check it regularly!)
- Set up alerts for low balances or deposits
- Avoid overdrafts by spending only what you have
- Move money into savings when you can — even small amounts add up!
TL;DR:
Opening a bank account is your first big money move. With a parent’s help, the right bank, and smart habits, you’ll be managing your money like a pro in no time.
Next up? Let’s talk about how your money can actually grow over time!
Her Financial Future 