Teen Checking
A Smart Start for Financial Independence
A first checking account is an important step toward learning how to manage money responsibly. Teen Checking from First State Bank of Rosemount gives young people a practical way to build healthy financial habits with the support of a parent or guardian.
Whether they are earning their first paycheck, saving for a goal or learning to manage everyday purchases, this account can help prepare teens for greater financial independence.
Account Requirements
- Available to teens age 13 and older
- $30 minimum opening balance
- Photo identification required
- Passport or birth certificate required
- A parent or guardian must be included on the account
Beginning at age 16, the teen may request to have the parent or guardian removed from the account, subject to First State Bank of Rosemount’s review and approval. Otherwise, a parent or guardian must remain on the account until the teen turns 18.
Help Your Teen Build Smart Money Habits
Teen Checking provides an opportunity for parents and guardians to help young adults learn valuable financial skills, including:
- Tracking deposits and spending
- Creating and following a budget
- Saving for short- and long-term goals
- Understanding account balances
- Making responsible financial decisions
Open a Teen Checking Account
Visit First State Bank of Rosemount with your teen to get started. Please bring the required identification documents and the minimum opening deposit.
Ready to open an account?
Account opening, ownership changes and parent or guardian removal requests are subject to First State Bank of Rosemount’s account requirements and approval. Additional terms and conditions may apply.