Overview
Youth Pocket Cache
We all have to be responsible with our money. Learning this skill is very valuable, which is why more parents and guardians are looking to find a youth checking account. With this type of account, any young person can familiarize themselves with the basics of paperless checking and working with a credit union.
This account is designed for teenagers 13-17 years old. Parents or legal guardians must be a joint owner on the Pocket Cache account.
An account tailored to introducing young people to banking
- Comes with VISA debit card
- Online and mobile banking
- No monthly fee or minimum balance
- No minimum balance to open
- No limit on withdrawals
- Easy to access online statements
Connect to your Digital Wallet
Spirit of Alaska debit cards can be added to your digital wallet for quick and convenient payments. Purchasing has never been easier and smarter, whether using your phone at checkout or with one click online.
Read more about Digital Wallets Connect to Apple Pay, Google Pay and Samsung Pay
Additional Information
Overdraft Protection is disabled by default on this account to protect minors from overdraft charges. Purchases with a debit card will be declined if they are over the amount available in the account. Overdraft transfers from a savings account can be setup, as long as there is money available in that savings account.
Over 5,000 branches through shared branching. NCUA insured up to $250,000.
Check depositories available at our branch ATM’s and Peger Road ATM.
Apple Pay is a trademark of Apple Inc., registered in the U.S. and other countries. Google Pay is a trademark of Google LLC. Samsung Pay is a registered trademark of Samsung Electronics Co., Ltd.
Rates
| Account Type | Min. Bal. to avoid fee | Min. Bal. to Earn Dividends | Dividend Rate | APY* |
|---|---|---|---|---|
Youth Pocket Cache Checking |
$0.00 | N/A | N/A | N/A |
*APY = Annual Percentage Yield. Current as of [date]. Refer to our Pricing Guide (PDF) for all fees.
Federal law requires us to verify all identities when opening new accounts. If you are applying with a joint applicant, their consent is implied when the application is submitted with the on-line loan application.
Calculator
FAQ
FREQUENTLY ASKED QUESTIONS
Only the teenager’s name appears on the debit card, which provides a feeling of ownership and responsibility.
No. Teenagers are never charged overdraft fees, and are opted out of overdraft protection and courtesy pay automatically. However, they can set up overdraft transfers from a savings account, as long as there is money available in that account. See our Overdraft Protection page for more information on overdraft transfers.
No, the Youth Pocket Cache Checking account is a paperless account, and does not allow for check writing.
Teenagers who are 13 years old can open a Pocket Cache checking account. Once they turn 18, we change the account to either E-Z Checking or Simple Checking.
Yes, teenagers can sign up for e-Teller! The sooner they learn how to manage their accounts responsibly, the more successful they will be in the future.
Thank you for coming and educating us about money, It really helped me think about how I could become more financially stable in my life.
- Colin H.