When I was a junior in high school I had a unique opportunity to work in a bank. I worked there for 6 years and learned a lot along the way in terms of my own finances. I think it is so important to start kids young when it comes to managing money, and as a teacher, even incorporated check writing, balancing, and budgeting with my own middle school and high school students.
Boiling Springs Bank knows just how important it is to set your teen off on the right foot and teach them how to manage a bank account. Students ages 14-23 who reside in Northern New Jersey can stop by their closest branch and open a Student Checking Account. If the account is opened with $20.15 or more, thy will receive a $20.15 interest bonus deposit from Boiling Springs Savings Bank in addition to the initial deposit.
Although teens may not have bills to pay just yet, having these accounts are a great way to teach them the value of saving and earning things they want. Perhaps a new phone is in their near future, or they want to save up to purchase their first car- having access to their own account allows them to store their allowance or gift money somewhere where they can watch it grow. The great part is that once they enter college, that account will be there to help them adapt to that real life experience and have responsibility over their finances. Find your closest Boiling Springs Bank location here- https://www.bssbank.com/
Here is some more information about the student account:
– No monthly fees
– Interest earned on all balances
– Free specialty checks or a discount on custom checks
– Free online banking
– Free online bill payment
– Free 24-hour telephone banking
– Minimum deposit to open account is $1.00
– Free transactions at Boiling Springs ATMs with Boiling Springs ATM card or Debit MasterCard
– Direct deposit
– Overdraft protection transfer service available
– At age 23, account will convert to a regular NOW account
– Boiling Springs Savings Bank will make an interestbonus deposit of $20.15 into all Student Checking Accounts opened with $20.15 or more during the promotion period.
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