Youth Accounts
| Description
|
Student Checking
Designed for students aged 13-24
|
Description
|
Minor Savings
The perfect account for children or grandchildren
|
Minimum deposit
to open
|
$50
|
Minimum deposit
to open
|
$0
|
| Pays Interest
|
No
|
Pays Interest
|
Yes; see bank for current rates.
After 10 passbook entries within one
calendar year, Ozona Bank will match
interest earned during the time period from
1st entry to 10th up to $20.00
|
Monthly service
charge
|
$0
At age 24, the account will convert to our Personal Checking Account, with applicable conditions and benefits.
|
Monthly service charge
|
$0
At age 18, the account automatically
converts to a regular savings account with applicable conditions and benefits.
|
| Enjoy these features and benefits1
|
- No minimum balance required
- Free Mastercard debit card
- Free online banking & bill pay
- Statements sent via free e-statements,
with up to 24 months of history available
online; mailed statements available upon
request for $3 monthly fee
- Free email & text alerts*
- Free mobile banking app with mobile
check deposit & mobile bill pay**
- Unlimited check writing
|
Courtesy features
|
- Free Ozona Piggy Bank
- Free passbook with a deposit transaction
sheet
- No minimum balance required
- Free email & text alerts*
- Free online banking
- Statements sent via free e-statements,
with up to 24 months of history available
online; mailed statements available upon
request for $3 monthly fee
- Free mobile banking app & mobile
check deposit**
- Unlimited deposits
|
|
|
|
Transfers &
Withdrawals
|
- Unlimited transfers & withdrawals
made in person
- $3 activity fee per item will be assessed
after 6th withdrawal during a statement
cycle
- Unlimited deposits
|
Why get a Student Checking Account at Ozona Bank?
- It’s totally mobile
- Low balance alerts
- Send and receive money with friends and family
Good grades incentive
- Present your transcript/report card at the end of each term
- If all A’s, Ozona Bank will credit the account $10***
- If all A’s and B’s, Ozona Bank will credit the account $5***
|
Why open a Minor Savings account at Ozona Bank?
- We make it fun to save! With our piggy bank and old-school
“passbook”, children can save at home, then bring their money
to the bank and see the deposit in their account.
- We pay extra benefits for kids who make at least 10 deposits
per year! But please note – the child has to make the deposit;
you can’t do it for them!
- Once your child or grandchild reaches 13, they can also open
a checking account so they learn smart spending as well as
smart savings.
|
*Data rates may apply.
**Daily limits apply. See bank for details.
***There is a maximum reward payout of $20/student/calendar year (January 1st thru December 31st). It is the student’s responsibility to notify the bank of their grades.
1Normal account opening procedures apply. Additional rates and fees may apply. See bank for details.