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Kids and Student Accounts

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KIDS AND STUDENTS ACCOUNT TYPES
My First Checking High School Checking2 High School Savings3
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Best account for

Owned and managed by the parent/guardian1, great for kids to start learning financial responsibility.

Great for high school students and parents who want a joint account to start gaining financial independence.

An early way for kids to start savings for their futures and to start gaining financial acumen.

Balance requirement fee

No monthly service fee

No monthly service fee

No monthly service fee

Minimum opening deposit
$100.00 $100.00 $100.00
Age eligibility to open

The minor must be between 6-13 years old

The minor must be between 13-17 years old4

The minor must be between 13-17 years old4

Interest bearing account
Unlimited check writing
Free direct deposit
ATM/Debit card5
Mobile Card Control6
Free ATM withdrawals at over 55,000 AllPoint Network and Citibank Branch ATM locations
Online banking with mobile app and account alerts7
Online Bill Pay8Zelle® - Transfer Services9
External Transfers

 

1When the minor reaches the age of 13, the Bank may recommend that they open their own account.

2The minor must be the account's primary account owner. When the minor reaches the age of 18, the account will automatically be converted to a Community Checking.

3The minor must be the account's primary account owner. When the minor reaches the age of 18, the account will automatically be converted to a Community Savings.

4Parent or guardian must accompany the minor on the account as a joint owner.

5For the My First Checking, only the parent or guardian may be issued with a debit card, and it may be imprinted with the child's name. For the High School Checking, both the minor and the parent or guardian may be issued with a debit card. For the High School Savings, only ATM cards are available.

6Must enroll in Universal Bank Online Banking and activate Mobile App. This service only applies to debit cards. Service sets regions, merchant types, and allows the cardholder to set limits. Certain restrictions and other limitations may apply.

7Not available to minors and only for parent or guardian accountholders. Must enroll in Universal Bank Online Banking and activate Account Alerts. Certain restrictions and other limitations may apply.

8Not available to minors and only for parent or guardian accountholders. Must enroll in Universal Bank Online Banking and activate Online Bill Pay. Certain restrictions and other limitations may apply.

9Not available to minors and only for parent or guardian accountholders. Enrollment in Zelle® with a U.S. checking or savings account is required to use the service. Universal Bank customers must use an eligible Universal Bank consumer checking account, which may have its own account fees. Consult your account agreement. To send money to or receive money from a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile app experience. Funds are typically made available in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle® (go to enroll.zellepay.com to view participating banks). Select transactions could take up to three (3) business days. Enroll on the Universal Bank mobile app. Limitations may apply. Message and data rates may apply.

Only send money to people and businesses you trust. Neither Universal Bank nor Zelle® offers a protection program for any authorized payments made with Zelle®, or provide coverage for non-received, damaged, or not-as-described goods and services you purchase using Zelle®, so you might not be able to get your money back once you send it.

Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

Consumer Rate Sheet

 

Corporate Hours & Info

3455 Nogales St. Floor #2
West Covina, CA 91792
(626) 854-2818
Monday – Friday: 8:30am-5:30pm
Saturday – Sunday: Closed

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