finder.com’s rating: 4.2 / 5.0
★★★★★
The Pen Air Level Up Spending account is geared toward children as young as eight years old. These young members can even use Online Banking to watch their money grow with them and get a debit card with parental controls. But you’ll want to watch out for its overdraft and inactivity fee.
$0
Minimum deposit to open
| APY | N/A |
|---|---|
| Minimum deposit to open | $0 |
| ATMs | 30,000 ATMs |
| ATM transaction fee | $0 |
| Out-of-network ATM fee | $0 |
| Overdraft fee | $29 |
Review by
Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
But other than these benefits, it doesn’t stand out when compared to other checking accounts for kids. For instance, accounts like Alliant Credit Union Free Teen Checking also earn interest, and debit cards like Greenlight offer even more parental controls, including chores and allowance tracking.
Open an account in eight steps.
Make sure you meet the eligibility requirements for a Pen Air Level Up Spending account:
Once your teen turns 18, the Pen Air Level Up Spending account will automatically transition into an adult Pen Air Federal Credit Union checking account.
You’ll need the following details to complete the Pen Air Federal Credit Union application:
You’ll need to be a member ——or an immediate family member — of one of the following groups:
You and your child will enjoy the following benefits of a Pen Air Federal Credit Union account:
Like most checking accounts for kids, a parent or guardian needs to be a joint account holder.
Access over 30,000 ATMs for free, including:
Pen Air doesn’t charge a fee for using an out-of-network ATM, but the ATM owner might.
Compare other checking accounts for kids by fee, ATMs and minimum opening deposits.
Here’s how you can access your funds in-person and digitally:
Pen Air also offers two additional checking account options:
Aside from stopping into a local branch for in-person assistance, your other customer service options include:
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.