Rising Teen Accounts

Q: What’s the legal age to open a Checking or Savings account?

A: Teens between the ages of 14-17 are eligible to open this account with a parent or guardian as a joint owner. Come into any MPCU branch, and open a Rising Teen account with a couple of quick steps! Parent/Guardian must be present at account opening.

Q: How much money do I need to open my account?

A: Minimum deposit of $5.00

Q: As a joint owner on a MP Teen Checking account, will I be able to view it in online banking? 

A: No, this account will be separate from the joint member. 

Q: Can I get a debit card?

A: YES! You’ll get your own free Debit Mastercard® with the Rising Teens Checking Account.

Q: What identification is required to open an account?

A: Two forms of ID required. One must be a picture ID: Current Mass. State ID, School ID, Work ID, Passport, Social Security Card, Birth Certificate, School report card, Utility bill, Pay stub. Proof of address documentation must match primary form of ID.

Q: How can I transfer funds from my account to my teen’s account? 

A: Through the digital banking features on the MPCU App, you can make transfers to your teen’s account. 

Q: How do I report a lost or stolen debit card? 

A: You can call in about a lost or stolen debit card, but you should be able to provide at least three forms of authentication: Phone number, the last four digits of your social security number, and DOB. Description of past transactions may also be helpful. 

Q: What happens when a MP Teen Checking Account holder turns 18? 

A: The holder can choose to close the account or create a new personal account. 

Q: Are my account funds insured to protect me from loss? 

A: Yes, because there are two types of insurance: Federally Insured by NCUA and Member MSIC. Federally insured by NCUA to at least $250,000. Shares & deposits excess of NCUA limits are fully insured by MSIC.