Finding the right bank for your child is crucial for teaching them financial responsibility and providing them with the tools they need to manage their money effectively. In this article, we explore some of the best banks for minors in the United States, known for their excellent services, educational resources, and favorable account options for young account holders.

1. Chase First Banking

Chase First Banking is an excellent option for minors, offering features tailored specifically for children. It includes parental controls, no monthly service fee, and a debit card for kids aged 6-17. Parents can set spending limits, track transactions, and teach budgeting through the Chase mobile app.

2. Bank of America Minor Savings Account

Bank of America offers a Minor Savings Account that is ideal for young savers. This account has no monthly maintenance fees for account holders under 18, and it allows parents to monitor and manage the account. It also provides access to financial education resources.

3. Capital One MONEY Teen Checking

Capital One's MONEY Teen Checking account is designed for teenagers. It has no monthly fees or minimum balance requirements. The account comes with a debit card and offers parental oversight through account alerts and the ability to monitor spending and saving habits via the Capital One mobile app.

4. Wells Fargo Clear Access Banking

Wells Fargo Clear Access Banking is suitable for teens aged 13 and older. It has no overdraft fees and a low monthly service fee that can be waived with a $25 monthly direct deposit. The account includes a debit card, and parents can monitor transactions and set spending limits.

5. USAA Youth Spending

USAA offers a Youth Spending account for children of military members. This account has no monthly service fees and provides a debit card for kids. It also offers parental controls and educational resources to help children learn about managing their finances.

6. Alliant Credit Union Kids Savings Account

Alliant Credit Union’s Kids Savings Account is a great choice for young savers. It offers a competitive interest rate, no monthly service fees, and online banking access. Parents can help manage the account and use it to teach their children about saving and financial responsibility.


Selecting the right bank for your child can help set them up for financial success in the future. The banks listed above offer a range of features that cater specifically to minors, including parental controls, no fees, and educational resources. By choosing one of these banks, you can provide your child with a solid foundation in financial literacy and money management.