First Account


The First Account, a checking account for 14- to 22-year-olds, is ideal for introducing a teenager to basic financial management, yet full-featured enough to carry through college and into the workplace.

Parents can use the First Account to teach everyday financial management — for example, by depositing a child's allowance on a regular schedule and encouraging prudent budgeting and spending until the next "payday." When a parent electronically transfers money to the account, funds become available through the MasterCard debit card, providing the convenience of a pre-paid card without fees and expiration dates. Account-holders can deposit gift money and earnings from part-time jobs, and monitor their accounts through OnCommand™, our free online banking service. And because the First Account is a joint account between parent and child, you're always in control.


Features

  • Joint account between a child, age 14-22, and parent or guardian
  • $25 minimum opening deposit; no minimum balance required
  • No monthly maintenance fee
  • Unlimited check writing1
  • FREE Debit MasterCard®
  • FREE ATM usage with no fee charged for first four ATM withdrawals per statement cycle2
  • FREE Coverdraft protection3
  • FREE OnCommand™ online banking and Web Bill Pay
  • FREE eStatements
  • FREE unlimited telephone banking
  • FDIC insured4

View fees for additional services.


1Requires Coverdraft to another FCB checking or savings account
2FCB does not charge a fee for the first 4 ATM withdrawals per statement cycle, subsequent transactions will be charged $1.50 each. There is no surcharge to FCB Debit or ATM Cards used at ATMs in the MoneyPass® network. FCB will rebate other ATM surcharge fees, charged by ATM owners, up to $12 per statement cycle.
3Coverdraft available from another FCB deposit account, FCB Visa® or FCB line of credit. Amount charged to FCB Visa card is subject to cash advance finance charges. See cardholder agreement for details.
4First Command Bank has chosen not to participate in the FDIC’s Transaction Account Guarantee Program. Customers of First Command Bank with noninterest-bearing transaction accounts will continue to be insured through December 31, 2013 for up to $250,000 under the FDIC’s general deposit insurance rules.