Alabama Telco Credit Union
 

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Edge Savings Account for Teens

Alabama Telco Credit Union is excited to offer a teen savings account, Edge. Picking up where our Kids Savings School left off, the Edge account is designed to help teens (ages 13-19) develop money-management skills and smart saving habits. Most importantly it will provide teens with valuable information to ensure financial success in the “real world”.

What do teens get with Edge?

  • Financial Education first and foremost that applies to them now and as they grow
  • Access to our Edge Facebook page, where they can find money tips, videos, random fun stuff, contests and giveaways. Make sure to “Like” us once on our page.
  • Access to the Edge website, where they can find more info, videos, tips and links.
  • $20 for every friend they refer, who opens an Edge account. Click here for coupon and details.
  • Special gifts and giveaways throughout the year
  • The opportunity to apply for our Choice Checking account when they turn 16, plus access to other products and services as they get older. With Choice Checking, they can customize their account and get three benefits of their choice, such as ATM refunds.* We will even refund one overdraft fee for Edge account members with Choice Checking who make a mistake and overdraw their account. After all, we know this is a learning process! (To receive the one-time overdraft fee refund, Edge members can submit their request online via our “Oops” form. They can also contact their local branch or Member Services.)
  • A place to turn to for all their future financial questions and needs

How to join?
If your child is already a member of our Kids Savings School, they will automatically be converted on their 13th birthday. If your teen already has a savings account with us, simply ask to convert them to our Edge savings account. Click here for an Edge Savings Conversion Form. And if you currently have a teen without a savings account, all you need is $5 to open their Edge savings account.

*Choice Checking subject to normal account qualifications and must have a parent or legal guardian as a joint. Use any ATM, and we will refund up to a total of $4 per transaction fee directly into your checking account, including Telco’s fee. Simply save your ATM receipts from other financial institutions and return them to us within 90 days of your transaction date.

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