The MONEY account is a simple debit account that is managed by the parent and teen. It comes with a MasterCard debit card for your teen. The teen can do a lot with the account including setup direct deposit from their employer, and use it at ING Direct’s over 35,000 free ATMs.
The MONEY account doesn’t come with the ability to write checks or use bill pay. It’s really just a no-fee prepaid debit card account. When your teen turns 18, the account becomes a regular Electric Orange Checking Account and you can remove yourself as a joint owner.
The Gift of Money is the gift card you give to your teen for them to get started with the account..
Once your teen opens the account (which they’ll have to do with you), they will be sent their account details and debit card.
Not only can teens deposit their paychecks into their MONEY account and keep track of their savings and spending online or with the ING DIRECT mobile app, they?ll also enjoy:
- Access to 35,000 fee-free Allpoint ATMs.
- A MasterCard® DebitCard with PayPass?.
- No fees or minimum balances.
- Deposit checks using our mobile app or from your computer with CheckMate, our new remote deposit service.
Encouraging teens to be financially independent is great. Giving them the financial tool to get the job done- that?s so MONEY.
Head over HERE to get started!!
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