Benefits of Our Youth Accounts at Robins Financial Credit Union
Robins Financial Credit Union is dedicated to our mission to be Member Focused, Financial Partners, Community Proud. We empower our members with the financial knowledge and resources they need to make informed decisions and achieve their financial goals.
Financial literacy and responsible money management are essential life skills, and the earlier you start, the better equipped you’ll be for a secure financial future. At Robins Financial, we are committed to helping the next generation develop smart financial habits through our youth-focused accounts:
- MyMoney MyWay® Checking Account – Perfect for teens and young adults seeking to gain financial independence.
- MyStash Checking Account – A stepping stone for young savers ages 12 to 15.
- Rockin’ Robin Savings Account – A fun and engaging savings account for children 11 and under.
Each of these accounts is designed to help young members develop healthy saving and spending habits while enjoying the benefits of being part of the credit union. Let’s take a look at the benefits of each account and why they’re an excellent choice for youth and their parents.
MyMoney MyWay® Checking Account (Ages 16 to 26)
Our MyMoney MyWay® Checking Account is an ideal product for high school students and young adults ages 16 to 26 who need a safe and convenient way to manage their money.
Key Benefits:
- No Monthly Maintenance Fee – Unlike many traditional banks, this account has no hidden fees or minimum balance requirements, allowing you to manage your finances without worrying about unnecessary charges.
- Free Access to Digital Banking – Accessing your funds is easy with Digital Banking, which allows you to transfer funds between your accounts or to other members of the credit union*, use mobile deposit for checks**, check your balances and much more.
- Free First Box of Checks – Receive your first box of checks free of charge.
- Early Paycheck Deposits – You can get paid up to two days early with direct deposit, allowing faster access to funds for budgeting and essential expenses.
MyStash Checking Account (Ages 12 to 15)
Our MyStash Checking Account is designed for preteens and early teens, ages 12 to 15, to help them understand the value of saving money. This account serves as a bridge between childhood savings and independent financial management.
Key Benefits:
- Visa® Debit Card with Daily Limits – Each MyStash account holder will receive their own Visa® debit card with a daily point-of-sale (POS) limit of $250 and a daily ATM limit of $100, allowing youth to learn how to spend responsibly.
- No Monthly Maintenance Fee – Like our MyMoney MyWay® Checking Account, this product also has no hidden fees or minimum balance requirements.
- Eligibility to Open a Smart Start Savings Account - Our Smart Start Savings Account is a special product designed to promote healthy savings behaviors by giving you the opportunity to earn a higher dividend with a lower savings account balance.
- Parental Guidance Features – Parents or guardians must be joint on the account*** which allows you to monitor and guide account activity. This will help teens make smart financial decisions without complete financial independence just yet.
Opening a MyStash Checking Account is a fantastic way to prepare teens for responsible money management while still having a safety net with parental oversight. Make an appointment today to open your account!
Rockin’ Robins Savings Account (Ages 11 and Under)
For younger children, our Rockin’ Robin Savings Account is a fun and engaging way to introduce the concept of saving. Designed for children ages 11 and under, this account helps them build a foundation for smart money habits early in life.
Key Benefits:
- Start Saving Early – By opening an account at a young age, your child can develop an understanding of how money works and the importance of saving for the future.
- Earn Interest Over Time – Unlike storing your child’s money in a piggy bank at home, this savings account accrues interest, so your child can see their savings grow over time.
- Parental Guidance and Oversight – Parents can deposit birthday money, allowance, and other small financial gifts into the account, showing your child the value of saving instead of spending everything immediately.
- Birthday Surprise – As a thank you for being a member of Robins Financial Credit Union, we send our Rockin’ Robin members a birthday card each year that they hold the account. This card even features a fun coloring activity for your child to enjoy on their special day.
The Rockin’ Robin Savings Account is the perfect first step in a child’s financial journey, making money management a lifelong habit.
Additional Youth Member Perks
In addition to our accounts, we are proud to offer several perks for our youth members:
- Scholarship Program – We are proud to offer our scholarship program to graduating high school seniors looking to further their education at a college, university, trade or technical school in Georgia. Recipients can use this one-time payout of $2,000 to cover tuition, books, housing, and other educational expenses. Applications are accepted between January and March.
- Good Grades Program – Hard work deserves rewards. That’s why twice a year through our Good Grades Program, we select one student from each school level (middle school, high school, and college) that have maintained a 3.0 GPA or higher during a semester to receive a $500 deposit to their Robins Financial account. Recipients are selected in January and July.
- Free Financial Education Modules – Complete our financial education modules through Digital Banking over topics such as budgeting, saving and more to earn points. You can then redeem these points for gift cards to your favorite online stores.
- Change the Way You Save Program – Make saving easier with our Change the Way You Save Program. Once you sign up for the program, every purchase made with your Robins Financial debit card will be rounded to the next dollar, and the difference is then deposited into your savings account. Just sit back and watch your savings grow!
- Robins Financial Cards App – Our Robins Financial Cards App allows you to take more control over your cards. Enjoy features such as the ability to turn your card on and off in case of theft or loss, set alerts based on transaction amount or type, and add your Robins Financial debit or credit cards to your digital wallet.
For more information on the various programs we offer, visit our website.
The Bottom Line
In today’s fast-paced financial world, teaching your child the value of smart money management is more important than ever. Whether it’s learning to save early, managing an allowance, or handling a first paycheck, the youth account options at Robins Financial Credit Union provide the right tools and educational resources to help youth members thrive. By starting your child early, they can develop lifelong financial habits that will set them up for a stable and prosperous future.
Ready to open your youth account? Visit our website or make an appointment to visit your local branch where our dedicated team is waiting to serve you!
Read our other blog articles to help you gain the financial knowledge you need to succeed.
*Must meet qualifications and have an account that has been opened for at least 30 days.
**Eligibility requirements may apply.
***Parent or guardian must be joint on this account and a current member.