MINOR ACCOUNTS

Give your teens the financial tools today to build the future they want.  Easy-to-use account features make it simple to show your teen how to set up an account, keep track of their spending, and use online banking.

A HFB Minor Savings/Checking Account is specifically offered for children under the age of 18. The parent and minor child both own the account. However, once the child turns 18 years old, the account is automatically converted into a regular Checking/Savings account in the child’s name and additional fees may apply.

Benefits

  • No monthly service fee no matter how much your account balance goes up or down.

  • $100 minimum deposit to open the account.

  • First check book is free.
  • Unlimited deposits.

  • Personal debit card.
  • Deposits insured by the FDIC up to $250,000.

  • Tiered market-based interest paid.

Minor Accounts

CHECKING ACCOUNT SAVINGS ACCOUNT
MINIMUM TO OPEN ACCOUNT $100.00 $100.00
MAINTENANCE FEE $0.00 $0.00
DEPOSIT RETURN ITEM FEE $12.50 $12.50
INTEREST TIERED TIERED
OVERDRAFT FEE $35.00 $35.00
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Important Account Information

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* Limitations on frequency of transfers – During any calendar month, you may not make more than six withdrawals or transfers to another account of your or to a third party by means of a preauthorized or automatic transfer or telephone order or instruction, or by check, draft, debit card or similar order to a third party. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.