Banking For Teens

Learn How to Bank

What is the point of getting a debit card/checking account?

Getting a debit card/checking account makes it easier for you to track your money instead of just carrying around cash every where you go.

Benefits of having Debit Card

You don't have to worry about cash getting stolen or lost

It is easier to keep track of your money while spending it

You don't have to worry about paying off credit cards because it comes out of account

You can use a app to switch money from checking account to savings account

Banks: Chase, Bank of America, Citi Bank,

Guaranteed to be safer than carrying cash

Cons of Having a Debit Card/Checking Account

Higher risk of identity theft

some banks charge transaction fees to use debit card

not all places allow debit cards so you need to use cash

if you go over the amount of money in your account you will have a overdraft fee