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Teen Checking

Independence for them, peace of mind for you

Teach your teen healthy financial habits with Teen Checking.

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Smart Banking for Your Teen's Future

All the Advantages of a Cash Back Checking but with Parental Guardrails

Teen Checking, available to kids and teens 10-16 years old, offers no monthly fees or minimums, plus earns 0.25% APY* on the first $500. 1

The Cash Back Rewards Debit Mastercard®

Teens can use their Debit card to make routine purchases and earn Cash Back Rewards each time. They also have access to more than 125,000 no-fee ATMs worldwide.

Parents can Monitor Teen’s Spending 24/7

The Island Mobile App lets parents monitor their teens’ spending and encourage good money habits. If desired, the parent can also set dollar or category limits on the account.

Get Your Teen Started on a lifetime of Success

Stop by any local branch or open an account online in minutes.

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Smart Checking That Rewards Responsible Spending

Looking for a smart, kid-friendly checking account that teaches responsibility and earns rewards? The Island Federal Teen Checking with Debit Mastercard® gives teens (ages 10–16) a no-fee, no-minimum checking solution with a generous 0.25 % APY on the first $500 plus cash-back on every swipe, free access to over 125,000 ATMs, and parent enabled spending controls via the Island Mobile App. It also includes a free debit card, customizable CardSecure® protection, first box of checks on us, and the chance to redeem points with the uChoose Rewards® program, making money management fun, secure, and rewarding for both teens and their families.

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Hear From Our Proud Members

“I had an incredibly wonderful experience opening a bank accountat IFCU. They also facilitated applying for Auto Loan quick and painless. Highly recommend and worth the relationship.”

Ronald L.

East Setauket

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Hear From Our Proud Members

“I’m one who doesn’t usually go out of my way to make a post about anything. But, credit should be given where credit is due. My son and I went in to the Hauppauge branch for fraudulent activity that was picked up on my son’s account. It wasn’t much just under $30. The branch manager took us to his office and treated the whole situation as if we lost thousands more. He did everything he could to resolve the situation and before we knew it the money was back in the account. He did all the leg work, and spent the time required to fix the situation. I’m so glad I’m a Member here and not just a number. Thank you!

Andrew L.

Hauppauge

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Frequently Asked Questions

What is the minimum deposit required to open a Teen Checking account

There are no minimum account balances required and there are no monthly fees.

Teen checking accounts are available for children and teens ages 10-16. On your teens 17th birthday, the account will automatically roll over into a Cash Back Checking Account.

The Members account will be automatically converted into a Cash Back Checking Account on their 17th birthday.

Yes, a parent or guardian is required to be on the account.

Yes, parents can use their Island Federal Mobile App to set spending limits and monitor their teens activity to help them learn healthy financial habits.

Disclosures

*APY=Annual Percentage Yield. 1 Teen Checking Account with Debit Mastercard is available for kids ages 10-16 and requires a Savings and Checking Account; an individual 18 or older must be a joint account holder. All offers subject to credit approval. Earn 0.25% APY on the first $500.Balances over $500 will earn the current checking APY. Membership eligibility applies.