Student Checking - The benefits of getting your child started early
August 4, 2020 11:42 AM
As our communities make decisions about what Back to School is going to look like this fall, parents are taking a closer look at their children’s overall educational wellness, now more than ever.
Here at Horizon, we know that a critical piece of that education is financial literacy. It’s never too early to start teaching your teen good money habits. Financial IQ starts at an early age, and parents are their kids’ first and best example of how to use, save and budget money.
That’s why we are here to help you build your child’s financial skills with our Student Checking account. You can help your teen gain some financial independence with this account, while also knowing you can keep an eye on things.
At the age of 14, you can apply for this account with your child. It comes with parameters in place to help empower your child to manage their money, while also establishing limits on daily spending. Even better, you can set up free alerts to track account activities and balances.
When your child is ready to go off to college, the ATM privileges are particularly useful! Account holders are entitled to unlimited Horizon and MoneyPass ATM transactions. And, in case your child goes to school outside of the footprint of our over 70 branches, account holders are offered five free non-Horizon ATM transactions per statement cycle regardless of the ATM used.
Read about the many Student Checking account benefits here.
The bottom line is this: children learn most of what they know about money from their families, and your child needs your guidance. If you’re looking for direction and help teaching your child about money, talk to one of your local Horizon Bank Advisors.
Disclosure: Minimum age to open account is 14 years old. After the students 25th birthday, this account will convert to a Basic Checking account. There is a $3 paper statement charge. This charge is waived if enrolled in eStatements. Bill Payment is only available to students 18 years or older. Fees assessed at non-MoneyPass ATM's will be reimbursed up to five transaction per statement cycle Gold and Platinum Rewards cards are not eligible to students under the age of 18.