First Spending With First Savings

Banking for kids and teens.

First Spending with First Savings¹ gives you the opportunity to provide hands on financial training for your kid or teen - safely and with the right amount of control. Strike the perfect balance between peace of mind for you and financial freedom for them.

Family laughing together on couch. Family laughing together on couch.

Two Accounts. One card.

The First Spending Account

Also known as a checking account, a spending account gives your child the power to make purchases with their very own debit card.

  • Works virtually anywhere, worldwide.
  • Withdraw cash from ATMs.
  • Compatible with digital wallets like Apple Pay® and Google Pay™.

The First Savings Account

Any time your child uses their debit card, the total is rounded up to the next dollar - and the amount goes into their savings account creating automatic savings.

  • Earn interest on money they save.
  • Learn to set goals for bigger purchases.
  • Set up good financial habits.

Built-in safety features

The debit card includes some built in spending limits:

  • Daily ATM Limit: $100 or 2 transactions per day.
  • Daily Point-of-Sale Limit: $100 or 10 transactions per day.

Digital Banking

Digital banking access - online & mobile - to keep an eye on the accounts - whenever and wherever.

From inside the mobile app enjoy these features:

  • Deposit checks in a snap with Mobile Deposit.

Parental Controls with Card Center

Keep tabs on your kid or teen's spending habits with Card Center and:

  • Easily lock or unlock the debit card with the press of a button;
  • Receive real-time debit card notifications;
  • Customize transactions and spending limits as you see fit.


This account comes with these EXTRA features:

Don’t forget to enroll to receive free online statements - log in to online banking get started.

Reduce ATM fees by using any MoneyPass® Network ATM. Find an ATM near you.


The account owner must be 17 or younger and be the primary account owner on the account. A parent or legal guardian is required to be a joint owner on the account. APY = Annual Percentage Yield.

1 First Spending: Minimum deposit to open is $5.00.
Balances up to $100.00 receive 10.00% APY. Balances over $100.00 receive 0.15% APY. Interest accrued is deposited into First Savings account. Depositor is required to open a First Savings account to receive interest paid on the First Spending account. Daily ATM limit is $100 or 2 transactions per day.
Daily Point-of-Sale limit is $100 or 10 transactions per day.

1 First Savings: Balances up to $25,000.00 receive 0.25% APY. Balances 25,000.01 to 250,000.00 receive .40%. Balances over $250,000.01 receive 0.50%. A service charge of $2.00 will be imposed every month if the average balance in the account falls below $25.00. During any month you may not make more than 6 withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, computer transfer, or by check, draft, debit card or similar order to a third party. You will be charged $1.00 each for any withdrawals or transfers over 6 per month.