Teen Honors Banking

Spending & Savings Accounts For 9th-12th Graders

Teen Honors Banking will help students in high school manage their money – and get rewarded for good grades!  The program gives students a spending account (also known as a checking account) and savings account with all the latest technology to manage money on-the-go. 

$50 Good Grades Bonus* 

Students in the program with a cumulative end-of-year weighted GPA of 3.5 or better can receive a $50 bonus – each year they qualify. Simply bring in your report card or transcript at the end of the year (by July 31st) to be eligible.

*The Teen Honors Banking Program is available to account holders in 9th–12th grades. After the primary account holder turns 21 years of age, the accounts will be converted to a Simply Free Checking account and a Simply Savings account, which will be subject to account terms and conditions. Enroll in free monthly statements or a monthly paper statement fee of $5.00 per month per account will be automatically withdrawn from your account. Annual Good Grades Bonus of $50.00 is available to students in 9th-12th grade who submit an end-of-the-year report card with a cumulative weighted GPA of 3.5 or higher. The $50.00 bonus will be deposited to the account holder’s savings account in the form of an interest payment.

Perks…

  • Free Debit Card
  • Apple Pay® & Google Pay™
  • Free Mobile App
  • Free Online Banking
  • Enroll in free monthly e-Statements or a monthly paper statement fee of $5.00 per month per account will be automatically withdrawn from your account.*

Visit one of our branches to open an account.  Both the student and parent/guardian must be present at the time of account opening. The student must be the primary account holder, with a parent/guardian as the joint account holder. 

To open the account, please provide the following:

  • Child’s name, birth date, social security number and form of ID.
    • Acceptable forms of ID include, passport, social security card, state ID, driver’s license, birth certificate or school issued ID.
  • Parent/Guardian picture identification, such as a driver’s license or passport, social security number, address, phone number and email address.
  • An initial deposit for  account (cash or check). Minimum to open is $50 for the Spending Account and $50 for the Savings Account.
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