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Teen Checking Account

For All Their Bright Futures

Help your teen build money skills, gain independence, and manage  spending with the tools and support they need.

Teen Checking Account Rates

Cash Back Checking is the best student checking account for Oklahoma City teens!

Checking Account
APY*
Disclosures
Cash
1.00%
Based on terms & conditions
Cash Back
5% Cash Back
Based on terms & conditions
Second Chance Checking
0.00%
Non-dividend account
Effective Date December 2, 2024
*APY = Annual Percentage Yield. $25 minimum to open. Additional disclosures below.

For All The Teens Building Habits That Last

Student Checking Account Benefits

Prepare your teen for financial independence. They'll enjoy freedom with parental control, free financial resources, and so much more! Strong money management skills start with a Teen Checking Account from Allegiance Credit Union.

 

 

Teen and mom opening account at Allegiance Credit Union

DEBIT CARD ACCESS

Teens 13+ can swipe safely while parents stay connected.

ATM FEE REFUNDS

Get refunds on ATM withdrawal fees, up to $20 each month.*

NO MONTHLY SERVICE FEES

Earn rewards without the fees on Teen Checking Accounts. 

EASY ACCESS 24/7

Bank 24/7 digitally or with our network of surcharge-free ATMs. 

Oklahoma City Debit Card Designs

We're proud to be from Oklahoma City, and your Debit Card can show that you are too! 
Choose the Debit Card design that suits your lifestyle from the 8 design options below.

New Cards: Indicate the card you prefer on the application when you open your Checking Account. 

Replacement Cards: Stop by our Main Branch, Edmond Branch, or South Branch to instantly receive your replacement card, or call to order your new card.

For All Their Bright Futures

Free Teen Checking

Our Cash Back Checking Account offers Oklahoma teens (ages 13-17) the chance to learn the fundamentals of managing money, while still being monitored by their parents. With no monthly maintenance fee, a robust mobile app, and a chance to earn cash back on purchases, this is the perfect account to start preparing your teen for financial independence!

Download Your Free Copy!

If You Need A Budget, Look No Further

Explore how our monthly budget template can help you take the first step toward saving for the boat you've always wanted!

If You Need a Budget Look No Further by Allegiance Cover Art

Mobile Banking Tools

The Allegiance Mobile Banking App puts powerful tools at your fingertips. Get real-time alerts, track spending, turn off your debit card, and more with convenient access to your accounts anywhere, anytime. 

Young group of friends referring others to Allegiance Credit Union

For All Your Friends And Family

Get Paid to Refer Your Friends

Allegiance Credit Union members can earn $50 for referring friends and family! If your friends open a checking account with us, your rewards will be automatically deposited to your account within 30 days.

There are NO LIMITS to how many friends you can refer. Just tell your friends and family to mention your name at account opening either in-branch or online.

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What Our Members
Are Saying

“I like the fact that everyone is so nice and helpful to me when I go into the branches!”

Tara J.

"I love how credit unions put their members first. It's refreshing to see a financial institution that truly cares."

Rita W.

Free Financial Resources for Student Checking Accounts

Get the best deal possible when opening a checking account

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Frequently Asked Teen Account Questions

What documents do I need to open my teen's checking account?

At Allegiance, we make opening a Cash Back Checking Account easy for you and your teen. 
Here is what you will need to open your teen's account:
 
  • Teen will need a government-issued photo ID (non-expired) OR a Social Security Card
  • Parent will need a government-issued photo ID (non-expired) with proof of residence that's same as child
 

How do I set up direct deposit?

Direct deposit is the fastest way to get your paycheck into your checking account.
Because we process items from the Federal Reserve as soon as we receive them, your direct deposit can potentially get your paycheck into your checking account up to two days early.
 
Contact your payroll or human resources department to request your paycheck be direct deposited. The human resources department will usually need your account number and our routing number: 303085230
 
Some employers have the ability to set up direct deposit online. Check with your payroll or human resources department.
 
Early direct deposits depend on timing—your payer must provide payment details on time so the deposit can process early. If your deposit doesn't arrive to us early, expect it to arrive on your scheduled payday.

How old can I be to get a debit card?

With Allegiance, all members 13 and older can gain access to a debit card.
 
Who qualifies for membership?
 

Is it possible to open my teen's checking account completely online?

Yes, you can open your teen's Cash Back Checking Account online. 

Member Referral Program:
Members can earn $50 if their referral generates a new Cash or Cash Back Checking account. New account holder must mention the name of the person who referred them at account opening in-branch or on their online application. Cash bonus  will be deposited to referring member's account within 30 days of account opening. Offer may be withdrawn at any time without notice.

Cash:
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards:  ATM-processed transactions and transfers between accounts. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.
Reward Information: When your Cash account qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $20,000.00 receive APY of 1.00%; and balances over $20,000.00 earn .05% interest rate on the portion of balance over $20,000.00 (2) you will receive reimbursements up to $20 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Cash qualifications are not met, all balances in the account earn .05% APY and ATM fees are not refunded. Dividends and ATM fee reimbursements will be credited to your Cash account on the last day of the current statement cycle. APY = Annual Percentage Yield. APYs accurate as of 12/2/2024. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. A minimum deposit of $25 is required to open the account. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our credit union service representatives at 405-789-7900 for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. 

Cash Back:
*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions and transfers between accounts. “Monthly Qualification Cycle” means a period beginning one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.
Reward Information: When Cash Back qualifications are met during a Monthly Qualification Cycle, you will receive 5% cash back on up to a total of $200 in debit card purchases that post and settle to the account during that cycle period. A maximum of $10.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $20.00 ($4.99 per single transaction) for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. When Cash Back qualifications are not met, no cash back payments are made and ATM fees are not refunded. Cash back payments and ATM fee reimbursements will be credited to your Cash Back account on the last day of current statement cycle. Rates and rewards are variable and may change after account is opened.
Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, and other requirements apply. Minimum $25 deposit is required to open the account. Monthly receipt of electronic statements is a condition of this accounts. Limit 1 account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our credit union service representatives at 405-789-7900 for additional information, details, restrictions, processing limitations and enrollment instructions. Federally insured by NCUA. 

Qualification Dates

Month-Year Cycle Start Date Cycle End Date
Jan 2025 December 31, 2024 January 30, 2025
Feb 2025 January 31, 2025 February 27, 2025
Mar 2025 February 28, 2025 March 30, 2025
Apr 2025 March 31, 2025 April 29, 2025
May 2025 April 30, 2025 May 29, 2025
Jun 2025 May 30, 2025 June 29, 2025
July 2025 June 30, 2025 July 30, 2025
Aug 2025 July 31, 2025 August 28, 2025
Sept 2025 August 29, 2025 September 29, 2025
Oct 2025 September 30, 2025 October 30, 2025
Nov 2025 October 31, 2025 November 27, 2025
Dec 2025 November 28, 2025 December 30, 2025