Annual percentage yield

PNC Bank

PNC Bank is one of the biggest banks in the U.S. with nearly 2,500 branches and more than 9,000 ATMs. It primarily serves consumers in the mid-Atlantic states.

You might consider PNC for your next checking account and its Standard Checking account is the basic option that many would consider opening.

If you’re looking for a checking account, in this review find out everything you need to know about PNC’s Standard Checking account and compare it to other options.

Three Ways to Waive Monthly Fees

The PNC Standard Checking account does charge a $7 monthly fee, but there are ways to avoid the charge. 

To waive the monthly maintenance fee, you must meet one of the following requirements:

1. Maintain an average balance of $500,
2. Receive $500 in direct deposits during a statement period, or
3. Automatically waived if the account holder is 62 or older.

Compare to the monthly fees on basic checking accounts offered by the other large national banks, this account is on the cheaper end. 

Furthermore, the fee waiver requirements are easier to hit than comparable accounts.

Still, the Standard Checking account struggles to compete with the low cost of online checking accounts.

PNC Bank Standard Checking Account Pros & Cons

Earn Rewards with PNC Purchase Payback

Debit cards are highly convenient, allowing you to withdraw cash from any ATM in the country, though you might have to pay some fees.

You can also use debit cards at stores to pay for your purchases.

The downside of using a debit card is that you pass up on the ability to earn the rewards that many credit cards offer.

With cards that offer as much as 5% cash back on purchases, using a debit card can have a significant opportunity cost.

PNC gives you the chance to earn some rewards on the purchases you make with your debit card. The PNC Purchase Payback program tailors special offers to your spending habits.

When you log in to your online banking account, you can visit your PNC Rewards Center. In the Rewards Center, you will see a list of offers that available to you.

For example, you might see an offer like “Spend $50 at Starbucks and get $5 back.”

You can connect offers to your debit card. Once you do, go about your shopping as usual.

When you meet the spending requirement listed in the offer, your account will automatically be credited with the rewards.

These offers reward you for your shopping and let you recover some of the opportunity cost you pay by not using a credit card.

Automate Your Savings and Loan Payments

Managing your personal finances can take a lot of time, especially if you need to do everything manually.

It’s easy to forget to save when you have to manually transfer money from your checking account to your savings account.

The PNC standard checking account offers the ability to automate your savings.

Just tell PNC how much you want to save each month, and it will transfer money from your checking to your savings or money market account each month.

This makes it much easier to save towards a goal or build an emergency fund. You can build up your savings without even thinking about it.

You can also automate your loan payments.

If you have a PNC loan, you can set up automatic payments so that the money will be withdrawn from your account each month.

As an additional benefit, you’ll get an interest rate discount if you set up automatic payments.

Every PNC loan, other than mortgages, is eligible. This can make your life easier and help you save money.

Combine with a PNC Savings Account for an Interest Rate Bonus

Banks want to build long-term relationships with their customers.

The more of your money that a bank is able to manage, the more money the bank can make from you as a customer.

This is why many banks offer incentives to do most of your banking with one financial institution.

PNC offers relationship bonuses if you have both a checking and savings account with the bank.

To be eligible for the relationship bonus, you must have both a PNC standard checking and PNC Standard Savings account.

You also must receive a direct deposit of at least $500 each month and make 5 purchases with your debit card.

If you meet the requirements, you’ll earn more interest on your savings account’s balance.

Depending on the balance of your savings account, you could earn as much as ten times more interest.

Choosing PNC’s Standard Checking account can help you earn a better return on your savings.

Unfortunately, the APY on the savings account would still be significantly lower than what you'd get with an online savings account.

ATM Access

One of the most important features of a checking account is how easy it is to get your money.

All the special features in the world won’t help you if you can’t spend the money in your account.

One of the easiest ways to access the money in your checking account is by withdrawing it from an ATM.

PNC operates a network of more than 9,000 ATMs, all of which are fee-free. If you need to use a non-PNC ATM, you can get some of the fees reimbursed.

The terms of the ATM reimbursement are based on where you are located.

For example, in Massachusetts, where there are few PNC ATMs, you can get reimbursed for the first two non-PNC ATM transactions per statement period.

In Washington DC, where there are more than 7,200 PNC ATMs, you will not be reimbursed for ATM fees.

Interest Rates

The PNC standard checking account does not pay any interest.

If you want to earn interest on the balance of your PNC checking account, you’ll need to choose one of PNC’s premium accounts.

Other Fees

On top of the monthly fee, the PNC basic checking account charges a few other fees.

Most people won’t encounter these regularly, but they’re good to know about.

The most common fee on this list is the overdraft fee. Each overdraft will incur a fee of $36, with a maximum of 4 overdraft fees charged each day.

That means you could pay $144 in overdraft fees each day. However, if you overdraft your account by less than $5, there will be no charge.

PNC Bank Standard Checking Account Fees

Other PNC Bank Checking Options

If you're interested in becoming a PNC banking customer, but aren't sold on this checking account, check out some other checking account options also offered by this bank:

Performance Checking

The Performance Checking account from PNC is a second-tier banking account that best suits those banking consumers that are not looking for the most exclusive banking account, but a step up from a basic banking account.

With this interest-bearing checking account, banking customers can earn higher rates and have a broader variety of rewards at their disposal.

Some of the most prominent features of this account are as follows:

• Some fees for non-PNC ATMs are reimbursed, plus other bank's surcharge fees may be reimbursed
• Bonus rewards when you add a select PNC credit card
• $8 discount on select design checks
• Get higher relationship rates on a Premiere Money Market or Standard Savings Account
• Free Overdraft Protection set up and transfers
• 1 free Savings or Money Market Account
• $10 annual fee discount on Safe Deposit Box
• Free PNC Cashier's Checks

All these great perks do come with a price, however. There is a $15 monthly maintenance fee if none of the following requirements are met:

• Maintain a $2,000 average monthly balance
• Maintain a $15,000 average monthly balance in linked PNC consumer deposit, loan and/or investment accounts, or
• Have $2,000 in qualifying direct deposits ($1,000 for WorkPlace or Military Banking customers)

Here's some of the main fees and features of the account:

PNC Performance Checking Account Fees

Convenience

The goal of any checking account is to offer easy access to your cash. If a checking account isn’t convenient, all it’s doing it making your financial life more difficult.

The PNC standard checking account is highly convenient for people who live in an area serviced by the bank.

PNC is one of the largest banks in the U.S. and operates thousands of locations in the states it services.

With easy access to fee-free ATMs and relatively easy to avoid monthly fees, it’s easy to use PNC’s checking account.

Even if you’re outside of PNC’s service areas, you can still use the account thanks to the ATM fee reimbursement.

You can even make your initial deposit to the account with a credit card. That lets you open the account instantly rather than waiting for your initial deposit to arrive.

It's also easy to deposit checks with PNC's mobile check deposit feature.

These are the limits for mobile deposit:

• Accounts opened for less than 30 days: $1,000 per day or $2,500 per month
• Accounts opened for 30 days or longer: $2,500 per day or $5,000 per month

One feature that really adds to the convenience factor is online bill pay.

You can easily pay your bills from your online PNC account, with no charge for the service.

How Does It Compare?

Nearly every bank in the United States offers a checking account. In fact, it’s the most common type of bank account in the U.S. That means that you have a lot of options to choose from.

When you’re looking for the right checking account, take the time to shop around.

Don’t just open the first account that you find.

You might find that a smaller, local bank or credit union can offer an account that better meets your needs.

You can also look for an account from an online bank. Online banks tend to charge the lowest fees and offer the best interest rates.

Other than the fees you’ll pay and how easy it is to access your money, you should consider these factors when choosing a checking account:

• Minimum deposit
• Fee waiver requirements
• Interest rates
• ATM access

Conclusion

The PNC Bank standard checking account is great for people who live in an area that is served by PNC’s branches and ATMs.

In these areas, PNC locations are incredibly easy to find and the low fees make the account a good choice.

Outside of PNC’s service areas you’re likely to run into frequent ATM fees.

If you don’t live near a PNC branch, you’re probably better off looking at other options.

Opening a bank account for your kids and becoming a joint account holder is a great way to:

• Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds
• Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility
• Demonstrate the importance of saving, even if it’s just a few dollars per month, to the young child in your life
• Get a head-start on long-term savings goals, such as higher education supplies and tuition
• Communicate the value of having long-term financial goals in general

Here’s a closer look at the differences between the two major types of kid-friendly bank accounts, plus a roundup of the best checking and savings accounts for kids under age 18.

Bank Accounts for Minor Children: Joint vs. Custodial vs. Prepaid

With the exception of legal emancipation, U.S. law prohibits children under age 18 from having sole ownership of deposit accounts, such as checking and savings accounts. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.

True minor-friendly bank accounts come in two forms with very different characteristics and permissions: joint accounts and custodial accounts. A third minor-friendly account type, the reloadable prepaid debit card, is often used as a first step for parents unsure about opening a kids’ bank account right away.

Joint Bank Accounts

If you’re married or in a committed relationship, you may hold one or more joint financial accounts with your spouse or partner. The same idea applies to accounts held jointly with minor children; both you and your child can make deposits and withdraw funds as you see fit.

Parents can exercise considerable control over accounts held jointly with children. When your kid is too young to work legally, you’re likely to be the sole or principal source of their funds. If you want to set a strict weekly or monthly spending limit for them, simply fund the account at the desired level and frequency.

Generally, joint deposit accounts are ideal for day-to-day expenses and short- to medium-term savings. Most checking accounts place few restrictions, if any, on deposit and withdrawal amounts and frequencies. By law, savings accounts limit withdrawals to six per statement cycle, with excess withdrawals subject to penalty fees.

If your child — and you — can resist the temptation to raid it for short-term needs, a high-yielding joint savings account is suitable for long-term savings goals, such as college tuition, your kid’s first car, or a security deposit on their first apartment.

Custodial Bank Accounts

Under the Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA), parents or legal guardians may establish custodial accounts for the benefit of minor children without involving a trust fund or trustee. UGMA and UTMA permit a wide range of assets, but most banks limit custodial deposit accounts to cash only.

The minor holder of a custodial account is its owner and primary beneficiary. However, until the minor reaches the legal age of majority, the account’s custodian acts as its steward. A parent or legal guardian may serve as the custodian or designate an outsider — typically a financial institution or third-party financial advisor — to fill this role.

In either case, the custodian is a fiduciary, which means they may make disbursements from the account to cover qualifying, reasonable expenses but must manage the account in the minor’s best interests. Full control of the account and its contents must pass to the minor when they reach the age of majority.

Because a minor custodial account beneficiary can’t access their account’s funds without the custodian, custodial accounts are not appropriate for day-to-day use or short- or medium-term savings. They are suitable for long-term savings goals, such as higher education.

Pro tip: Putting your kids on the right track financially doesn’t end with the right bank account. Open a UGMA account through EarlyBird to help invest in their future.

Best Checking Accounts for Kids Under Age 18

Set on a true bank account for your kid? These are the best options on the market right now.

Most of these accounts are free or low-cost and have low minimum balance requirements. Some have decent interest rates as well. But be sure to carefully review all account disclosures before applying.

Unless otherwise noted, these kid-friendly bank accounts are all structured as joint ownership accounts, not custodial, and are FDIC-insured.

1. Chase First Banking^SM

Stringent Parental Controls and Account Management Tools

Chase First Banking^SM is a debit card designed to teach children and teens the fundamentals of sound money management. It’s available to kids ages 6 to 17.

Much like the training wheels on your youngster’s first bike, Chase First Banking guides minor account holders in the right direction without ever removing the controls that prevent serious mishaps.

Those controls are built into a debit card with customizable parental alerts to clue adult custodians in on how and where their kids are spending. Chase First Banking^SM also enables flexible limits on spending to ensure kids don’t overspend in one place.

• Minimum Deposit and Balance Requirements: You must be an existing Chase customer to open a Chase First Banking^SM account. The monthly service fee is $0.
• Yield: None.
• Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs, plus a robust suite of educational tools for first-time account holders.

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2. Copper Banking

A Banking Solution Built for Teens

Copper is a teen-friendly mobile banking solution designed for kids ages 13 to 17 (and their parents too).

The Copper app and debit card teach teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMs. The Copper app allows you to monitor spending and instantly send money in seconds. Features like automatic saving teach teens strong financial habits by automatically setting aside a portion of the money they make for savings.

Copper uses secure encryption and authentication to protect your account and all Copper accounts are insured up to $250,000 through Evolve Bank & Trust.

• Minimum Deposit and Balance Requirements: The minimum deposit is $10, but there’s no ongoing minimum balance requirement or maintenance fee.
• Account Opening Bonus: None.
• Yield: None.
• Rewards and Incentives: Copper has a nice referral program that could earn you some extra cash for referring friends — $3 for each successful referral. See terms and conditions for details.
• Overdraft Fees: Copper does not charge overdraft fees, period.
• Possible Fees: See terms and conditions for a complete list of potential fees.

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3. Axos Bank First Checking

Earn 0.10% APY and Pay No Monthly Maintenance Fees

Axos Bank First Checking is a custodial teen checking account built for kids between the ages of 13 and 17.

With easily customized parental controls and a digital debit card dashboard that lets parents and kids manage virtually every aspect of the banking relationship, it’s a great choice for on-the-go families.

Axos Bank First Checking is great for parents who want to let the reins go slowly, rather than all at once. Axos limits cash withdrawals to $100 per day and point-of-sale transactions to $500 per day, limiting how far kids can stretch their means.

And Axos’ biometric authentication protocols help keep your card and account — and your kids — safe from troublemakers.

• Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirements.
• Account Opening Bonus: None, although targeted offers may occur from time to time.
• Yield: 0.10% APY on all balances as of June 3, 2021.
• Rewards and Incentives: Enjoy up to $12 in domestic ATM fee reimbursements per month.
• Possible Fees: There are no monthly maintenance fees, overdraft fees, or nonsufficient funds (NSF) fees. Other fees may apply.

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4. Alliant Credit Union Free Teen Checking Account

0.25% APY on All Balances With E-Statements and One Direct Deposit Per Month

The Alliant Credit Union Free Teen Checking Account is designed for parents and kids ages 13 to 17.

With no monthly maintenance fees or balance requirements, it’s an ideal first checking account for teens with part-time or summer jobs. All accounts come with a free Visa® debit card and a free first box of checks with both account holders’ names.

All balances yield 0.25% APY when you opt in to electronic statements and receive at least one direct deposit per month. When the minor account holder turns 18, the account automatically converts to an adult checking account.

You must be an Alliant Credit Union member to open a Free Teen Checking account on your child’s behalf. If you live in the Chicago area, you can join at a physical branch.

If not, the easiest way to join is to become a supporter of Foster Care to Success, a partner charity that doesn’t restrict membership by geography. You can find more details about Alliant membership here.

• Minimum Deposit and Balance Requirements: None.
• Account Opening Bonus: None.
• Yield: 0.25% APY on all balances when you opt in to e-statements and receive at least one direct deposit each month.
• Rewards and Incentives: Access to more than 80,000 fee-free ATMs around the United States. The account has an automatic daily debit card limit of $100 in cash withdrawals and $300 in total spending to control overspending by young account owners. Each month, account holders get up to $20 in ATM rebates from out-of-network ATMs.
• Overdraft Options: You can opt in to an overdraft line of credit. Alliant reserves the right to decline transactions that would normally result in overdrafts, depending on prior account usage.
• Possible Fees: 1% foreign transaction service fee for ATM withdrawals, $25 per NSF transaction.

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5. Capital One MONEY Teen Checking Account

0.10% APY on All Balances

The Capital One MONEY Teen Checking Account is a fee-free, paperless checking account for kids ages 13 to 17.

With no minimum or ongoing balance requirements and a decent yield on all balances, it’s another solid day-to-day account for kids flexing their financial muscles for the first time.

All accounts come with a free Mastercard® debit card but no checks or electronic bill pay option. Parents can set text or email alerts for specific account actions and transactions to monitor their teen’s spending from a distance.

The MONEY Teen Checking account also comes with a nice array of budgeting and balance-tracking features for basic financial education. Account holders under age 18 have a daily limit of $500 in non-PIN transactions, $500 in PIN transactions, and $500 in ATM withdrawals.

• Minimum Deposit and Balance Requirements: None.
• Account Opening Bonus: None.
• Yield: 0.10% APY on all balances.
• Rewards and Incentives: Access to about 40,000 fee-free ATMs around the United States and free mobile deposits through the Capital One app.
• Overdraft Options: If you have a savings account with Capital One 360, you can opt in to fee-free automatic savings transfers to cover transactions that would typically result in a negative balance. Otherwise, you can apply for an overdraft line of credit, subject to credit approval and fees.
• Possible Fees: $25 expedited debit card processing fee, $5 statement copy fee.

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6. Wells Fargo Clear Access Banking

Robust Suite of Money Management Tools

The Wells Fargo Clear Access Banking suite is a teen-friendly product available to kids ages 13 to 17 (kids 16 and under require an adult co-owner).

With no maintenance fee for younger account holders and low balance requirements, it’s a great general-purpose checking account for kids learning to budget. However, this account has no yield, so it’s not appropriate for stashing away funds for a rainy day.

Wells Fargo has a slew of educational and practical tools for kids and parents. The “My Spending Report with Budget Watch” feature helps kids build a budget and track spending on their own, while a robust set of parental controls lets you monitor and restrict spending.

• Minimum Deposit and Balance Requirements: $25 minimum opening deposit; no ongoing balance requirement.
• Account Opening Bonus: None.
• Yield: None.
• Rewards and Incentives: 24/7 fraud monitoring and fee-free person-to-person (P2P) transfers through the Wells Fargo app or online banking site.
• Overdraft Options: You can opt in to overdraft protection that covers shortfalls on transactions that would normally result in a negative balance. You must link a Wells Fargo savings account, and there’s a $12.50 fee per transfer. If you prefer not to transfer funds out of a linked savings account, you can opt in to standard overdraft protection, which covers shortfalls at a slightly higher fee.
• Possible Fees: $2.50 per non-Wells-Fargo ATM withdrawal, $15 NSF transaction fee, 3% foreign transaction fee. The monthly service fee is $5 for account holders age 25 and older.

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7. Chase High School Checking

Automatically Upgrades to an Adult Chase Checking Account at Age 19; No Joint Owner Needed

Chase High School Checking is an account designed specifically for kids ages 13 to 17.

Minor account holders must open the account with an adult as a co-owner and link their accounts to that person’s checking account to allow direct control over the account’s funding.

When the minor account holder turns 19, the account turns into a checking account for adults, and the adult account holder is removed. There is no yield on any balances but no monthly maintenance fee either.

• Minimum Deposit and Balance Requirements: $25 to open and maintain.
• Account Opening Bonus: None, although targeted offers may occur from time to time.
• Yield: None.
• Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs plus lightning-fast money transfers to family and friends with Chase QuickPay® with Zelle®.
• Overdraft Options: If you opt in to Chase’s overdraft program, transactions for which you have insufficient funds are allowed to go through. You’re charged $34 per overdraft item, with a limit of three per day.
• Possible Fees: See terms for a complete list of fees.

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Prepaid Debit Cards: An Alternative to Bank Accounts for Kids Under Age 18

If you’d prefer not to open a joint or custodial account for your minor child, consider a prepaid debit card instead.

Many parents use Visa-, American Express-, or Mastercard-branded prepaid debit cards for teens as replacements for cash allowances or bank accounts.

8. Greenlight

The standout in this category is Greenlight, a kid-friendly debit card that makes it super easy for parents to manage youngsters’ allowance funds and walking-around money.

Key features include:

• An in-app chore list that ties financial incentives (reloads) to household jobs
• Automated weekly or monthly allowance transfers — no manual deposits required
• Real-time notifications whenever the card is used
• Customizable spending rules for parents
• Customizable earning, spending, and saving goals for kids

It all adds up to set-it-and-forget-it financial empowerment for young people ready and eager for a financial head start.

Greenlight’s debit card plan (Greenlight) costs $4.99 per month.

Greenlight + Invest, a more comprehensive plan that includes a kid-friendly investing platform with full parental control, costs $7.98 per month.

Greenlight Max adds identity theft protection, cellphone coverage, and purchase protection for $9.98 per month.

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9. GoHenry

Built around an easy-to-use mobile app, GoHenry is a kid-friendly prepaid debit card designed for kids as young as 6 years old. It’s ideal for managing an allowance, saving up for school supplies and activity fees, building an education nest egg, or all of the above.

GoHenry’s key capabilities include:

• Setting and funding household chores, teaching your kids the value of a dollar in the process
• Creating and contributing to savings goals
• Setting automated allowances and managing one-time or recurring transfers
• Setting rules about where and how much minor users can spend
• Generating real-time spending notifications
• Enabling instant card blocking and unblocking for lost, stolen, or damaged cards

GoHenry is free for the first month, then costs $3.99 per child per month. Upgrade to a custom card for $4.99.

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10. FamZoo

FamZoo is more than a prepaid debit card. It’s a full-fledged financial education app that teaches age-appropriate money lessons on everything from compound interest to the importance of paying yourself first. Highlights include:

• Chore and odd job scheduling tied to rewards or penalties
• Separate accounts for spending, saving, and giving
• Payment splits that allocate one transfer to multiple accounts
• Parent-paid interest that reinforces the concept of compound interest
• Customizable savings goals
• Informal loan tracking for parental disbursements and receipts
• Real-time account activity alerts
• A text-message-based system for receiving and approving kids’ funding requests
• Card locking and unlocking for lost, stolen, or damaged cards
• Scheduled and instant funds transfers

FamZoo costs $5.99 per family per month when paid monthly (automatic renewal required). Pay in advance to earn a deep discount on the sticker price — as low as $2.50 per month per family with a 24-month subscription.

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Best Savings Accounts for Kids Under Age 18

All of the following accounts are subject to a strict withdrawal limit of no more than six per statement cycle under U.S. law.

Unless otherwise noted, all are joint accounts rather than custodial. Legally, the account’s minor owner can deposit, withdraw, and move funds before their 18th birthday.

11. Alliant Credit Union Kids Savings Account

0.55% Yield on All Balances Above $100; Open to Kids Under Age 13

With a $5 minimum opening deposit and a yield of 0.55% APY on all balances, the Alliant Credit Union Kids Savings Account is ideal for long-term savings goals.

This account is open to kids under age 13, giving them even more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, but account holders can keep the account open as long as they wish.

All account activity is subject to parental review and approval, ensuring minor account holders can’t raid their balances before they ripen.

• Minimum Deposit and Balance Requirements: $5 to open and maintain, although Alliant covers the deposit for young account holders.
• Account Opening Bonus: $5 to cover the initial deposit requirement.
• Yield: 0.55% APY on all balances above $100.
• Rewards and Incentives: No monthly fees for members who opt in to e-statements.
• Overdraft Options: None.
• Possible Fees: Excess transaction fees charged at Alliant’s discretion.

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12. Capital One 360 Kids Savings Account

0.30% Yield on All Balances; No Age Limit to Open

The Capital One 360 Kids Savings Account is another high-yield online savings account designed for younger kids.

With no opening deposit or ongoing balance requirements and an automatic savings plan option, it’s an ideal set-it-and-forget-it account for kids working toward future savings goals.

There’s no age threshold to open an account, and parents have final approval over fund transfers. Seamless mobile check deposit is a nice perk.

• Minimum Deposit and Balance Requirements: There’s no minimum balance requirement or deposit requirement here.
• Account Opening Bonus: None, although targeted offers may apply.
• Yield: 0.30% APY on all balances.
• Rewards and Incentives: You can set up savings goals or make recurring transfers based on an automated savings plan.
• Overdraft Options: None.
• Possible Fees: $5 paper statement fee; excess transaction fees charged at Capital One’s discretion.

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13. PNC Bank ‘S’ is for Savings® Account

Robust Educational Suite

The PNC Bank ‘S’ is for Savings® Account is fee-free for account holders under age 18.

Minor account owners can keep this account as long as they like after they reach legal age, subject to a $5 monthly maintenance fee that’s waived in any statement cycle during which:

• The account holder is under age 18
• The account has a minimum daily balance of $300 or more
• The account receives at least one $25 transfer per month

This account is definitely geared toward younger kids. It offers a “learning center” populated by Sesame Street characters and an automated savings program for parents looking to help their kids save.

• Minimum Deposit and Balance Requirements: $25 minimum to open and maintain.
• Account Opening Bonus: None.
• Yield: Varies by balance.
• Rewards and Incentives: The educational tools are second to none, and the automated savings feature is a nice touch.
• Overdraft Options: None.
• Possible Fees: $7.50 card replacement fee.

Sign Up

Final Word

Where you bank is your choice and yours alone. Most banks and credit unions, from big institutions like Bank of America to smaller outfits like Alliant Credit Union, allow parents to open joint or custodial accounts for their minor children.

If you have a longstanding relationship with a local bank or credit union, you may want to look into whether they offer kid-friendly accounts.

Before you make a final decision and take steps to become a joint account holder, check out our compilation of the top bank account promotions. If you don’t have an existing banking relationship with one of the best banks for kids, you might as well seek out the highest bidder.

Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. The Chime Visa® Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. The Chime Visa® Credit Builder Card is issued by Stride Bank pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa credit cards are accepted. Please see back of your Card for its issuing bank.

While Chime doesn’t issue personal checkbooks to write checks, Chime Checkbook gives you the freedom to send checks to anyone, anytime, from anywhere. See your issuing bank’s Deposit Account Agreement for full Chime Checkbook details.

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Information Accurate as of March 2018

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Annual percentage yield

Opening a bank account for your kids and becoming a joint account holder is a great way to:

• Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds
• Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility
• Demonstrate the importance of saving, even if it’s just a few dollars per month, to the young child in your life
• Get a head-start on long-term savings goals, such as higher education supplies and tuition
• Communicate the value of having long-term financial goals in general

Here’s a closer look at the differences between the two major types of kid-friendly bank accounts, plus a roundup of the best checking and savings accounts for kids under age 18.

Bank Accounts for Minor Children: Joint vs. Custodial vs. Prepaid

With the exception of legal emancipation, U.S. law prohibits children under age 18 from having sole ownership of deposit accounts, such as checking and savings accounts. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.

True minor-friendly bank accounts come in two forms with very different characteristics and permissions: joint accounts and custodial accounts. A third minor-friendly account type, the reloadable prepaid debit card, is often used as a first step for parents unsure about opening a kids’ bank account right away.

Joint Bank Accounts

If you’re married or in a committed relationship, you may hold one or more joint financial accounts with your spouse or partner. The same idea applies to accounts held jointly with minor children; both you and your child can make deposits and withdraw funds as you see fit.

Parents can exercise considerable control over accounts held jointly with children. When your kid is too young to work legally, you’re likely to be the sole or principal source of their funds. If you want to set a strict weekly or monthly spending limit for them, simply fund the account at the desired level and frequency.

Generally, joint deposit accounts are ideal for day-to-day expenses and short- to medium-term savings. Most checking accounts place few restrictions, if any, on deposit and withdrawal amounts and frequencies. By law, savings accounts limit withdrawals to six per statement cycle, with excess withdrawals subject to penalty fees.

If your child — and you — can resist the temptation to raid it for short-term needs, a high-yielding joint savings account is suitable for long-term savings goals, such as college tuition, your kid’s first car, or a security deposit on their first apartment.

Custodial Bank Accounts

Under the Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA), parents or legal guardians may establish custodial accounts for the benefit of minor children without involving a trust fund or trustee. UGMA and UTMA permit a wide range of assets, but most banks limit custodial deposit accounts to cash only.

The minor holder of a custodial account is its owner and primary beneficiary. However, until the minor reaches the legal age of majority, the account’s custodian acts as its steward. A parent or legal guardian may serve as the custodian or designate an outsider — typically a financial institution or third-party financial advisor — to fill this role.

In either case, the custodian is a fiduciary, which means they may make disbursements from the account to cover qualifying, reasonable expenses but must manage the account in the minor’s best interests. Full control of the account and its contents must pass to the minor when they reach the age of majority.

Because a minor custodial account beneficiary can’t access their account’s funds without the custodian, custodial accounts are not appropriate for day-to-day use or short- or medium-term savings. They are suitable for long-term savings goals, such as higher education.

Pro tip: Putting your kids on the right track financially doesn’t end with the right bank account. Open a UGMA account through EarlyBird to help invest in their future.

Best Checking Accounts for Kids Under Age 18

Set on a true bank account for your kid? These are the best options on the market right now.

Most of these accounts are free or low-cost and have low minimum balance requirements. Some have decent interest rates as well. But be sure to carefully review all account disclosures before applying.

Unless otherwise noted, these kid-friendly bank accounts are all structured as joint ownership accounts, not custodial, and are FDIC-insured.

1. Chase First Banking^SM

Stringent Parental Controls and Account Management Tools

Chase First Banking^SM is a debit card designed to teach children and teens the fundamentals of sound money management. It’s available to kids ages 6 to 17.

Much like the training wheels on your youngster’s first bike, Chase First Banking guides minor account holders in the right direction without ever removing the controls that prevent serious mishaps.

Those controls are built into a debit card with customizable parental alerts to clue adult custodians in on how and where their kids are spending. Chase First Banking^SM also enables flexible limits on spending to ensure kids don’t overspend in one place.

• Minimum Deposit and Balance Requirements: You must be an existing Chase customer to open a Chase First Banking^SM account. The monthly service fee is $0.
• Yield: None.
• Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs, plus a robust suite of educational tools for first-time account holders.

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2. Copper Banking

A Banking Solution Built for Teens

Copper is a teen-friendly mobile banking solution designed for kids ages 13 to 17 (and their parents too).

The Copper app and debit card teach teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMs. The Copper app allows you to monitor spending and instantly send money in seconds. Features like automatic saving teach teens strong financial habits by automatically setting aside a portion of the money they make for savings.

Copper uses secure encryption and authentication to protect your account and all Copper accounts are insured up to $250,000 through Evolve Bank & Trust.

• Minimum Deposit and Balance Requirements: The minimum deposit is $10, but there’s no ongoing minimum balance requirement or maintenance fee.
• Account Opening Bonus: None.
• Yield: None.
• Rewards and Incentives: Copper has a nice referral program that could earn you some extra cash for referring friends — $3 for each successful referral. See terms and conditions for details.
• Overdraft Fees: Copper does not charge overdraft fees, period.
• Possible Fees: See terms and conditions for a complete list of potential fees.

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3. Axos Bank First Checking

Earn 0.10% APY and Pay No Monthly Maintenance Fees

Axos Bank First Checking is a custodial teen checking account built for kids between the ages of 13 and 17.

With easily customized parental controls and a digital debit card dashboard that lets parents and kids manage virtually every aspect of the banking relationship, it’s a great choice for on-the-go families.

Axos Bank First Checking is great for parents who want to let the reins go slowly, rather than all at once. Axos limits cash withdrawals to $100 per day and point-of-sale transactions to $500 per day, limiting how far kids can stretch their means.

And Axos’ biometric authentication protocols help keep your card and account — and your kids — safe from troublemakers.

• Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirements.
• Account Opening Bonus: None, although targeted offers may occur from time to time.
• Yield: 0.10% APY on all balances as of June 3, 2021.
• Rewards and Incentives: Enjoy up to $12 in domestic ATM fee reimbursements per month.
• Possible Fees: There are no monthly maintenance fees, overdraft fees, or nonsufficient funds (NSF) fees. Other fees may apply.

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4. Alliant Credit Union Free Teen Checking Account

0.25% APY on All Balances With E-Statements and One Direct Deposit Per Month

The Alliant Credit Union Free Teen Checking Account is designed for parents and kids ages 13 to 17.

With no monthly maintenance fees or balance requirements, it’s an ideal first checking account for teens with part-time or summer jobs. All accounts come with a free Visa® debit card and a free first box of checks with both account holders’ names.

All balances yield 0.25% APY when you opt in to electronic statements and receive at least one direct deposit per month. When the minor account holder turns 18, the account automatically converts to an adult checking account.

You must be an Alliant Credit Union member to open a Free Teen Checking account on your child’s behalf. If you live in the Chicago area, you can join at a physical branch.

If not, the easiest way to join is to become a supporter of Foster Care to Success, a partner charity that doesn’t restrict membership by geography. You can find more details about Alliant membership here.

• Minimum Deposit and Balance Requirements: None.
• Account Opening Bonus: None.
• Yield: 0.25% APY on all balances when you opt in to e-statements and receive at least one direct deposit each month.
• Rewards and Incentives: Access to more than 80,000 fee-free ATMs around the United States. The account has an automatic daily debit card limit of $100 in cash withdrawals and $300 in total spending to control overspending by young account owners. Each month, account holders get up to $20 in ATM rebates from out-of-network ATMs.
• Overdraft Options: You can opt in to an overdraft line of credit. Alliant reserves the right to decline transactions that would normally result in overdrafts, depending on prior account usage.
• Possible Fees: 1% foreign transaction service fee for ATM withdrawals, $25 per NSF transaction.

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5. Capital One MONEY Teen Checking Account

0.10% APY on All Balances

The Capital One MONEY Teen Checking Account is a fee-free, paperless checking account for kids ages 13 to 17.

With no minimum or ongoing balance requirements and a decent yield on all balances, it’s another solid day-to-day account for kids flexing their financial muscles for the first time.

All accounts come with a free Mastercard® debit card but no checks or electronic bill pay option. Parents can set text or email alerts for specific account actions and transactions to monitor their teen’s spending from a distance.

The MONEY Teen Checking account also comes with a nice array of budgeting and balance-tracking features for basic financial education. Account holders under age 18 have a daily limit of $500 in non-PIN transactions, $500 in PIN transactions, and $500 in ATM withdrawals.

• Minimum Deposit and Balance Requirements: None.
• Account Opening Bonus: None.
• Yield: 0.10% APY on all balances.
• Rewards and Incentives: Access to about 40,000 fee-free ATMs around the United States and free mobile deposits through the Capital One app.
• Overdraft Options: If you have a savings account with Capital One 360, you can opt in to fee-free automatic savings transfers to cover transactions that would typically result in a negative balance. Otherwise, you can apply for an overdraft line of credit, subject to credit approval and fees.
• Possible Fees: $25 expedited debit card processing fee, $5 statement copy fee.

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6. Wells Fargo Clear Access Banking

Robust Suite of Money Management Tools

The Wells Fargo Clear Access Banking suite is a teen-friendly product available to kids ages 13 to 17 (kids 16 and under require an adult co-owner).

With no maintenance fee for younger account holders and low balance requirements, it’s a great general-purpose checking account for kids learning to budget. However, this account has no yield, so it’s not appropriate for stashing away funds for a rainy day.

Wells Fargo has a slew of educational and practical tools for kids and parents. The “My Spending Report with Budget Watch” feature helps kids build a budget and track spending on their own, while a robust set of parental controls lets you monitor and restrict spending.

• Minimum Deposit and Balance Requirements: $25 minimum opening deposit; no ongoing balance requirement.
• Account Opening Bonus: None.
• Yield: None.
• Rewards and Incentives: 24/7 fraud monitoring and fee-free person-to-person (P2P) transfers through the Wells Fargo app or online banking site.
• Overdraft Options: You can opt in to overdraft protection that covers shortfalls on transactions that would normally result in a negative balance. You must link a Wells Fargo savings account, and there’s a $12.50 fee per transfer. If you prefer not to transfer funds out of a linked savings account, you can opt in to standard overdraft protection, which covers shortfalls at a slightly higher fee.
• Possible Fees: $2.50 per non-Wells-Fargo ATM withdrawal, $15 NSF transaction fee, 3% foreign transaction fee. The monthly service fee is $5 for account holders age 25 and older.

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7. Chase High School Checking

Automatically Upgrades to an Adult Chase Checking Account at Age 19; No Joint Owner Needed

Chase High School Checking is an account designed specifically for kids ages 13 to 17.

Minor account holders must open the account with an adult as a co-owner and link their accounts to that person’s checking account to allow direct control over the account’s funding.

When the minor account holder turns 19, the account turns into a checking account for adults, and the adult account holder is removed. There is no yield on any balances but no monthly maintenance fee either.

• Minimum Deposit and Balance Requirements: $25 to open and maintain.
• Account Opening Bonus: None, although targeted offers may occur from time to time.
• Yield: None.
• Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs plus lightning-fast money transfers to family and friends with Chase QuickPay® with Zelle®.
• Overdraft Options: If you opt in to Chase’s overdraft program, transactions for which you have insufficient funds are allowed to go through. You’re charged $34 per overdraft item, with a limit of three per day.
• Possible Fees: See terms for a complete list of fees.

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Prepaid Debit Cards: An Alternative to Bank Accounts for Kids Under Age 18

If you’d prefer not to open a joint or custodial account for your minor child, consider a prepaid debit card instead.

Many parents use Visa-, American Express-, or Mastercard-branded prepaid debit cards for teens as replacements for cash allowances or bank accounts.

8. Greenlight

The standout in this category is Greenlight, a kid-friendly debit card that makes it super easy for parents to manage youngsters’ allowance funds and walking-around money.

Key features include:

• An in-app chore list that ties financial incentives (reloads) to household jobs
• Automated weekly or monthly allowance transfers — no manual deposits required
• Real-time notifications whenever the card is used
• Customizable spending rules for parents
• Customizable earning, spending, and saving goals for kids

It all adds up to set-it-and-forget-it financial empowerment for young people ready and eager for a financial head start.

Greenlight’s debit card plan (Greenlight) costs $4.99 per month.

Greenlight + Invest, a more comprehensive plan that includes a kid-friendly investing platform with full parental control, costs $7.98 per month.

Greenlight Max adds identity theft protection, cellphone coverage, and purchase protection for $9.98 per month.

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9. GoHenry

Built around an easy-to-use mobile app, GoHenry is a kid-friendly prepaid debit card designed for kids as young as 6 years old. It’s ideal for managing an allowance, saving up for school supplies and activity fees, building an education nest egg, or all of the above.

GoHenry’s key capabilities include:

• Setting and funding household chores, teaching your kids the value of a dollar in the process
• Creating and contributing to savings goals
• Setting automated allowances and managing one-time or recurring transfers
• Setting rules about where and how much minor users can spend
• Generating real-time spending notifications
• Enabling instant card blocking and unblocking for lost, stolen, or damaged cards

GoHenry is free for the first month, then costs $3.99 per child per month. Upgrade to a custom card for $4.99.

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10. FamZoo

FamZoo is more than a prepaid debit card. It’s a full-fledged financial education app that teaches age-appropriate money lessons on everything from compound interest to the importance of paying yourself first. Highlights include:

• Chore and odd job scheduling tied to rewards or penalties
• Separate accounts for spending, saving, and giving
• Payment splits that allocate one transfer to multiple accounts
• Parent-paid interest that reinforces the concept of compound interest
• Customizable savings goals
• Informal loan tracking for parental disbursements and receipts
• Real-time account activity alerts
• A text-message-based system for receiving and approving kids’ funding requests
• Card locking and unlocking for lost, stolen, or damaged cards
• Scheduled and instant funds transfers

FamZoo costs $5.99 per family per month when paid monthly (automatic renewal required). Pay in advance to earn a deep discount on the sticker price — as low as $2.50 per month per family with a 24-month subscription.

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Best Savings Accounts for Kids Under Age 18

All of the following accounts are subject to a strict withdrawal limit of no more than six per statement cycle under U.S. law.

Unless otherwise noted, all are joint accounts rather than custodial. Legally, the account’s minor owner can deposit, withdraw, and move funds before their 18th birthday.

11. Alliant Credit Union Kids Savings Account

0.55% Yield on All Balances Above $100; Open to Kids Under Age 13

With a $5 minimum opening deposit and a yield of 0.55% APY on all balances, the Alliant Credit Union Kids Savings Account is ideal for long-term savings goals.

This account is open to kids under age 13, giving them even more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, but account holders can keep the account open as long as they wish.

All account activity is subject to parental review and approval, ensuring minor account holders can’t raid their balances before they ripen.

• Minimum Deposit and Balance Requirements: $5 to open and maintain, although Alliant covers the deposit for young account holders.
• Account Opening Bonus: $5 to cover the initial deposit requirement.
• Yield: 0.55% APY on all balances above $100.
• Rewards and Incentives: No monthly fees for members who opt in to e-statements.
• Overdraft Options: None.
• Possible Fees: Excess transaction fees charged at Alliant’s discretion.

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12. Capital One 360 Kids Savings Account

0.30% Yield on All Balances; No Age Limit to Open

The Capital One 360 Kids Savings Account is another high-yield online savings account designed for younger kids.

With no opening deposit or ongoing balance requirements and an automatic savings plan option, it’s an ideal set-it-and-forget-it account for kids working toward future savings goals.

There’s no age threshold to open an account, and parents have final approval over fund transfers. Seamless mobile check deposit is a nice perk.

• Minimum Deposit and Balance Requirements: There’s no minimum balance requirement or deposit requirement here.
• Account Opening Bonus: None, although targeted offers may apply.
• Yield: 0.30% APY on all balances.
• Rewards and Incentives: You can set up savings goals or make recurring transfers based on an automated savings plan.
• Overdraft Options: None.
• Possible Fees: $5 paper statement fee; excess transaction fees charged at Capital One’s discretion.

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13. PNC Bank ‘S’ is for Savings® Account

Robust Educational Suite

The PNC Bank ‘S’ is for Savings® Account is fee-free for account holders under age 18.

Minor account owners can keep this account as long as they like after they reach legal age, subject to a $5 monthly maintenance fee that’s waived in any statement cycle during which:

• The account holder is under age 18
• The account has a minimum daily balance of $300 or more
• The account receives at least one $25 transfer per month

This account is definitely geared toward younger kids. It offers a “learning center” populated by Sesame Street characters and an automated savings program for parents looking to help their kids save.

• Minimum Deposit and Balance Requirements: $25 minimum to open and maintain.
• Account Opening Bonus: None.
• Yield: Varies by balance.
• Rewards and Incentives: The educational tools are second to none, and the automated savings feature is a nice touch.
• Overdraft Options: None.
• Possible Fees: $7.50 card replacement fee.

Sign Up

Final Word

Where you bank is your choice and yours alone. Most banks and credit unions, from big institutions like Bank of America to smaller outfits like Alliant Credit Union, allow parents to open joint or custodial accounts for their minor children.

If you have a longstanding relationship with a local bank or credit union, you may want to look into whether they offer kid-friendly accounts.

Before you make a final decision and take steps to become a joint account holder, check out our compilation of the top bank account promotions. If you don’t have an existing banking relationship with one of the best banks for kids, you might as well seek out the highest bidder.

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The Covid crisis was at a boil Mar 07, 2013 · How long does it take for a check to clear. Answer (1 of 7): It should already be on your statement! Yet, based on the type of shop, nature of the transaction and merchant habit it may take up to one week for regular processing. Mar 15, 2021 · PNC: "Most PNC customers who have direct deposit set up through the Internal Revenue Service and are eligible to receive a government stimulus payment under the American Rescue Plan Act of 2021 can expect to begin receiving the funds beginning March 17, 2021. Dec 18, 2020 · How long does a it take for a wire transfer with PNC? In order to determine exactly how long a wire transfer takes to process, check with the PNC employee at your local branch. However, not all customers [will] receive stimulus payments from the U. For additional information, call 888-762-2265. Thus, there is no universal direct deposit times frame for all banks Mar 08, 2021 · The first option, online bill pay, is set up through your bank. Aug 05, 2021 · A stop payment is a request for a bank to stop a check or recurring debit payment that's waiting to be processed. Business Insider confirms: Most banks offer it, and these days don’t need you to input a company or Using Bill Pay is a convenient way to pay your bills all in one place and manage your overall finances. You can put money into the account from your paycheck and other sources. I logged on to both sites yesterday (September 21) before 9am. These are the steps you would need to take: Visit PNC’s website and click on Get Started Oct 06, 2021 · PNC Virtual Wallet Spend account works similarly to a traditional PNC checking account. Nov 24, 2021 · Online bill pay is a convenient service offered by many banks, credit unions, and service providers, which allows you to set up automatic electronic payments for your bills. 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Depending on the app, this usually takes a few days as well. The statute of limitations on debt varies by state and type of debt, ranging Up to 5 (five) business days from the date the transfer was initiated (Monday-Friday) excluding federal holidays. O. Take action. 01 for reserve and . Yes, you can use PNC Virtual Wallet as long as you’re adding your Virtual Spend account, which is corresponding to your primary checking account. Nov 25, 2021 · How long does it take to get checks from the bank? Checks should arrive anywhere from one to two weeks. Wait a few days before contacting your bank about Mar 31, 2019 · Mar 31, 2019 · 20 min read. I just want everyone to be aware this issue, report this Unfair Competition (legal term) to Consumer Fiancial Burreau (855-411-2372). pnc mobile banking o. 35 for savings. Up to 5 (five) business days from the date the transfer was initiated (Monday-Friday) excluding federal holidays. All-in-all a pretty decent account and bill-pay system. Automatic bill payments are routine payments made from a banking, brokerage, or mutual fund Dec 03, 2018 · How long does it take to receive an ACH payment 2 min read Dec 3, 2018

TD Beyond Checking

New TD Beyond Checking Customers can earn $300 with qualifying direct deposits—plus earn more with a savings account.

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This checking account's loaded with perks—plus three ways to waive the monthly fee¹

Three ways to go monthly maintenance fee-free:

• Receive monthly direct deposits of $5,000 or more per statement cycle or
• Maintain a minimum daily balance of $2,500 or
• Maintain a combined balance of $25,000 across eligible TD accounts¹

What you get with your checking account

Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Overdraft Payback³ and more.

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• Debit card, on the spot
  All of our checking accounts come with an instant-issue debit card—and, you can pay with confidence with contactless technology Visa Zero Liability protection⁶ and 24/7 fraud monitoring
• More perks on us
  Monthly maintenance fee waived on one TD Simple Checking^SM account and any Savings and Money Market accounts.⁷ Plus, get free standard check orders, money orders, official bank checks and stop payments

What you pay

Monthly Maintenance Fee	$25
3 Ways to Waive Fee:	$5,000 in direct deposits per statement cycle or $2,500 minimum daily balance or $25,000 combined balance across eligible TD accounts1
Earns Interest	Yes
ATM Fees	TD ATM fees waived at any ATM Non-TD fees reimbursed when you keep at least a $2,500 daily balance2
Checks	Free standard checks or discounted select styles
Online Statements	Free
Paper Statements	Free, including check images
Minimum Opening Deposit	$0
Overdraft Protection	Overdraft protection with no transfer fees8
Free with this Account	Money orders, bank checks, stop payments and incoming wires
Fee Reimbursements Include	Two overdraft fees per year,3 all Rush Bill Payments4 and one outgoing wire per statement cycle (domestic or international)
Additional Benefits	Rate discounts on personal loans or home equity loans9

Minimum daily balance to waive monthly maintenance fee

Tiered Rate

Earn interest when you keep a higher balance.

Current APY*	Required Minimum Daily Balance To Earn APY*

Get the most from your new checking account

TD Savings accounts

Whether you're saving for a rainy day or with a goal in mind, start today

TD Home Equity Line of Credit

Turn your home's equity into spending power—plus, get a 0.25% rate discount⁹

Open account

Online

The fastest way to open an account

In person

Book an appointment at your local TD Bank to set up your account

By phone

A Banking Specialist can walk you through opening an account online

1-888-751-90001-888-751-9000

View the TD Beyond Checking Account Guide.

^*Annual Percentage Yield (APY) is accurate as of Oct 11, 2021 and subject to change after the account is opened. Fees may reduce earnings on the account.

¹Monthly maintenance fee can be waived with one of the following: $5,000 or more in direct deposits within a statement cycle or $2,500 minimum daily balance is maintained or maintain a $25,000 minimum daily combined balance of all deposit accounts, all outstanding home equity loan and home equity line of credit accounts, and/or mortgages in good standing (excludes credit cards and personal loans) that you choose to link.

²Non-TD ATMs: TD ATM fees are waived regardless of balance. Any surcharges at the time of your non-TD ATM transaction, will be reimbursed when the minimum daily balance in the TD Beyond Checking is at least $2,500. The institution that owns the terminal (or the network) may assess a fee (surcharge) at the time of your transaction, including balance inquiries.

³Overdraft Payback automatically reverses the first two overdraft fees (paid or returned) incurred within a calendar year (January-December); max $70 per calendar year.

⁴Rush Bill Payments may appear on your account statements and account activity as Same Day Payments. A fee applies to all Rush Bill Payments; Beyond Checking accounts will be reimbursed for Rush Bill Payment fees.

⁵Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number and an active unique e-mail address. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Transaction limitations apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

⁶Covers U.S.-issued cards only. Does not apply to ATM transactions, certain commercial card transactions, PIN or other transactions not processed by Visa. You must notify your financial institution immediately of any unauthorized use and you will receive a provisional credit while the fraud investigation is completed. For specific restrictions, limitations and other details, please consult your issuer.

⁷TD Beyond Checking accounts are eligible for monthly maintenance fee waivers on one additional TD Simple Checking account and all personal savings accounts that you choose to link to your TD Beyond Checking account. Waivers expire when the TD Beyond Checking account is closed.

⁸Please refer to TD Bank Overdraft Protection and Services for information on available overdraft options.

⁹Loans subject to credit approval. A TD Bank personal checking account is required to be eligible for this 0.25% HELOC rate discount. This relationship discount may be terminated and the interest rate on your Home Equity Line of Credit or Personal Unsecured Line of Credit account may increase by 0.25% upon closure of your qualifying checking account. For a Home Equity Loan or Personal Loan, rate discount requires automatic payment deduction from a personal TD Bank checking or savings account. This discount may be terminated and the interest rate on this account may increase by 0.25% upon cancellation of the automatic payment deduction.

View the TD Beyond Checking Account Guide.

^*Annual Percentage Yield (APY) is accurate as of Feb 2, 2021 and subject to change after the account is opened. Fees may reduce earnings on the account.

¹Monthly maintenance fee can be waived with one of the following: $5,000 or more in direct deposits within a statement cycle or $2,500 minimum daily balance is maintained or maintain a $25,000 minimum daily combined balance of all deposit accounts, all outstanding home equity loan and home equity line of credit accounts, and/or mortgages in good standing (excludes credit cards and personal loans) that you choose to link.

²Non-TD ATMs: TD ATM fees are waived regardless of balance. Any surcharges at the time of your non-TD ATM transaction, will be reimbursed when the minimum daily balance in the TD Beyond Checking is at least $2,500. The institution that owns the terminal (or the network) may assess a fee (surcharge) at the time of your transaction, including balance inquiries.

³Overdraft Payback automatically reverses the first two overdraft fees (paid or returned) incurred within a calendar year (January-December); max $70 per calendar year.

⁴Rush Bill Payments may appear on your account statements and account activity as Same Day Payments. A fee applies to all Rush Bill Payments; Beyond Checking accounts will be reimbursed for Rush Bill Payment fees.

⁵Send Money with Zelle® is available for most personal checking and money market accounts. To use Send Money with Zelle® you must have an Online Banking profile with a U.S. address, a unique U.S. mobile phone number and an active unique e-mail address. Your eligible personal deposit account must be active and enabled for ACH transactions and Online Banking transfers. Message and data rates may apply, check with your wireless carrier.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Transaction limitations apply.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

⁶Covers U.S.-issued cards only. Does not apply to ATM transactions, certain commercial card transactions, PIN or other transactions not processed by Visa. You must notify your financial institution immediately of any unauthorized use and you will receive a provisional credit while the fraud investigation is completed. For specific restrictions, limitations and other details, please consult your issuer.

⁷TD Beyond Checking accounts are eligible for monthly maintenance fee waivers on one additional TD Simple Checking account and all personal savings accounts that you choose to link to your TD Beyond Checking account. Waivers expire when the TD Beyond Checking account is closed.

⁸Please refer to TD Bank Overdraft Protection and Services for information on available overdraft options.

⁹Loans subject to credit approval. A TD Bank personal checking account is required to be eligible for this 0.25% HELOC rate discount. This relationship discount may be terminated and the interest rate on your Home Equity Line of Credit or Personal Unsecured Line of Credit account may increase by 0.25% upon closure of your qualifying checking account. For a Home Equity Loan or Personal Loan, rate discount requires automatic payment deduction from a personal TD Bank checking or savings account. This discount may be terminated and the interest rate on this account may increase by 0.25% upon cancellation of the automatic payment deduction.

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Источник: https://www.td.com/us/en/personal-banking/checking-accounts/beyond/

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