Our verdict
With the Axos Bank First Checking account teens won't find fees for overdrafts or to maintain the account every month. Plus they'll get access to over 55,000 ATMs and up to $12 in ATM reimbursements when they use an out-of-network ATM. Although it's not common for a kids' checking account to offer interest, this one earns APY. But it's not the strongest rate compared to the national average and other teen checking accounts.Best for: Teens who need access to a wide network of free ATMs.
- Earns APY
- Up to $12 per month in ATM reimbursements
- Converts to an adult account at age 18
- No check-writing privileges
- $50 minimum deposit