Teen checking account with parent access
Open the bank accounts that deliver independence to your teen with the visibility you can trust.
Teen checking accounts with parent access
Open the bank accounts that deliver independence to your teen with the visibility you can trust.
Start smart with a teen checking account!
Help grow their financial future with less worry and less hassle
As kids grow into young adults, they shift from allowances to paychecks and beyond. 乌鸦传媒鈥檚 teen accounts help them learn how to save, spend and budget for everything from new phones to that first car. And throughout it all, both kids and parents enjoy 鈥μ 听
Smart banking advantages
No overdraft fees{{d888*}} or minimum balance required for MyWay Banking from M&T庐 checking account.
Convenience
听
Activate a digital wallet{{d942*}} and use M&T鈥檚 mobile app{{d1471*}} and easily move money between accounts.
Custom-designed debit cards{{d941*}}
Teens can make it their own by choosing a custom image or one of our sports teams at no cost.
Security
Alerts{{d943*}} are issued for suspicious activity, low balances and transactions. Parents monitor activity and can lock or unlock debit cards.
Banking built for teens
MyWay Banking
A "checkless" checking account without the worry of overdraft fees or bounced checks, with conveniences like online bill pay and debit card access.听
No overdraft fees{{d888*}}
$0 monthly maintenance fee with at least one transaction per month{{d641*}}听听
Customizable debit card{{d941*}}
Relationship Savings
Is an easy way to grow your savings for future plans or rainy days, while听keeping account access simple and avoiding monthly fees.
No monthly maintenance charge{{d132*}}
No minimum balance required to open the account{{d132*}}
Interest-bearing savings account{{d1546*}}
Take the first step
Teens听13鈥17 must apply in person with a parent or guardian. All others can start their banking journey at a branch or online. To make an appointment or find a local M&T branch, .
What to bring:听
- Teens ages 13鈥17 must bring:
- Birth certificate or government-issued identification
- Social Security number
- Parents or guardians:
- Valid U.S. driver鈥檚 license or government-issued identification
Financial education built for teens
Early financial education provides more than knowledge. It shapes confidence, encourages engagement with the banking system, and helps set young people on a more secure financial path. Let us help to teach your children well with learning opportunities from our Financial Education Center with articles and tools providing teens with a wealth of information about how to save, spend, budget and borrow 鈥 plus how to protect their identity.
Financial Education Center
We've built a financial education center with you in mind.
Money Smart
M&T Money Smart鈩 lets you keep track of your finances through an easy-to-use dashboard.
M&T's Easy Save
Set up regular transfers from your M&T checking to your M&T savings.
Questions families often ask before opening a teen checking account
Teens ages 13鈥17 can open an account at an 乌鸦传媒 branch with a parent or guardian as a joint account owner. Teens 18 or older may visit a branch or open an account online.
While there is a $4.95 monthly maintenance fee for MyWay Banking from M&T, this can be waived with one or more transactions each monthly service charge cycle, such as a deposit, withdrawal or any debit payment. The account also features no overdraft fees and no required minimum balance, helping teens get started without added pressure. {{d888*}} {{d641*}}
Your teen should bring a birth certificate or government-issued ID, along with their Social Security number. Parents/guardians should bring a government-issued ID.
Yes. Because the account is jointly owned, parents/guardians can view account activity and help guide their teen鈥檚 day-to-day money decisions.
Yes. Teen Checking accounts include debit card access, giving teens a convenient way to access their accounts while learning how to manage spending responsibly.
