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Youth Accounts

Brooklyn Coop youth accounts help teens and youth build smart money habits with accessible banking options.

Youth Accounts

Features	Checking Account	Savings Account
Eligibility	From ages 16-17
Account Ownership	No parent or guardian is required to open the account
Minimum Balance	Minimum opening deposit is $30 and can be made at account set-up or by direct deposit within 7 days of opening the account
Fees	No monthly fees Inactivity fees apply after 1 year of no account usage
Withdrawals	In-network ATMs are free Individuals will not be charged for use of out-of-network ATMs (not including any fee charged by the local ATM) Limits: $500 / day
Overdraft Capability	Access denied when insufficient funds
Debit Card Purchases	Checking Account Daily limits for Point-of-Sale purchases (at a store or online): $150 / day	Savings Account No debit transactions allowed
High Yield Club Account	All members may open a High Yield Club Account High Yield Club Accounts are frozen for withdrawals except for the months of December and June Money can be deposited electronically into the High Yield account, but it can only be withdrawn in person or by messaging us online
Online Banking	Free access to online and mobile banking plus Bill Pay

Features	Savings Account
Eligibility	Savings Account Between the ages of 14–15
Account Ownership	Savings Account No parent or guardian is required to open the account
Minimum Balance	Minimum opening deposit is $30 and can be made at account set-up or by direct deposit within 7 days of opening the account
Fees	No monthly fees Inactivity fees apply after 1 year of no account usage
Card Withdrawals and Purchases	No Debit or ATM cards for youth under 16 years
High Yield Club Account	All members may open a High Yield Club Account High Yield Club Accounts are frozen for withdrawals except for the months of December and June Money can be deposited electronically into the High Yield account, but it can only be withdrawn in person or by messaging us online
Online Banking	Free access to online and mobile banking plus Bill Pay

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