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I remember visiting the bank with my father thinking it was the coolest place ever. It was so exciting for me to tag along while he got his business done. When it came time for me to open my very first checking account all on my own, I was over the moon. It was my first glimpse at adulthood.
Back then, all I got was a lollipop. This year, Boiling Springs Savings Bank is running a special program called “Gift for Garden State Grads”. From now through June 30, 2015, students age 14-23 opening a student checking account with $20.15 or more will receive a bonus interest deposit in the amount of $20.15.
The Student Checking Account is perfect for first-timers looking to learn about managing money. There is no greater method of teaching than to have a student manage his or her own account. Because when it’s their money, kids will pay attention to all of those debits and credits! This type of account would also be perfect for setting up a teen heading off to college, providing spending money and cash for all of those back to school essentials.
Saving money is not hard to do when you’ve got all of the right support. Student checking account holders will receive free 24 hour telephone banking, and can make free transactions at Boiling Springs ATMs with either an ATM card or Debit MasterCard. Accounts feature complimentary direct deposit and overdraft protection service is available.
With Boiling Springs Savings Bank Student Checking, there are no monthly fees charged, online banking and bill payment are free and your student will never have to pay for checks. Interest is accrued on all accounts, no matter what the balance. Once your child reaches the age of 23, the account will convert to a regular NOW account.
If you have a student age 14-23, send him or her over to Boiling Springs Savings Bank to open a Student Checking Account and earn a cool $20.15. Follow BSSB on twitter and facebook for news and offers.
Here are my tips for making the most from your hard-earned cash:
Getting our kids settled with good financial planning when they became teenagers and got jobs was huge for us. Now that 2 of them are getting ready to graduate, I am excited for them and not worried.