Minster Bank prioritizes being a community-first bank by offering numerous financial outreach programs and services. From youth accounts to financial literacy school-age activities, we invest time, energy, resources and passion to ensure our customers and the greater community have access to financial education resources.
Help your child get an early start to lifelong financial success by opening an account at Minster Bank. Consider applying for a checking account and debit card for youth ages 6-17. This free checking account only requires a $50 minimum opening balance.
A savings account is another great way to learn how to save money for a car, college education or other financial goal. A basic savings account only requires a minimum balance of $25 if you are under 18.
Benefits of Youth Accounts
With the guidance of their parent/guardian, youth account holders can learn how to budget, manage their money and begin to understand the difference between wants and needs. Teens who are working can deposit paychecks and use a debit card to pay for expenses.
Parents/guardians can do the following:
- Monitor the account
- Set limits for debit card withdrawals
- Help nurture their child’s financial future
For more information on youth accounts, please call us at 866-646-7837 or click the button below to send an email.
School-Age Financial Literacy Programs
Minster Bank leads financial literacy activities and programs for several schools throughout the year. Our team teaches age-appropriate financial lessons to children as young as five or six through high school students.
Youth Financial Topics
Younger children learn the following during our special activities:
- Value of money
- Planning and budgeting
- How to make a profit in a small business (i.e., lemonade stand)
- Saving for future goals
Older children engage in more advanced financial programs:
- Credit cards
- Interest rates
- Paying bills
- Determining wants from needs
- Depositing and managing paychecks
- Working in the finance world
Zogo - Fun Financial Education App
Download the Zogo app for a user-friendly mobile application that teaches young adults about financial responsibility in a fun and engaging way. Users can explore interactive toolkits, earn badges and participate in daily trivia on Zogo. Visit the website to learn more.
More Financial Educational Resources
View our financial education resources page for tips on:
- Home loans
- College savings and finances
- Investing basics
- Financial safety
- Financial planning
- And more!