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What a USAA Youth Savings account offers

Giving your teen their own savings account can help them understand the value of money and how to manage it. Savings accounts grow based on their current interest rates.

No monthly service fee

Teaching financial responsibility shouldn’t come at a cost.

Free savings tools

Help your kid save money automatically with our savings tools.‍ ‍ See note 1

Online access

Check your child’s account on usaa.com or the USAA Mobile App.‍ ‍ See note 2 You can also give your child digital access when they turn 13.

Keep them on track with parental controls.

Let your child build financial independence while setting safe boundaries and monitoring their account.

Parental controls let you do things like:

  • Temporarily set withdrawal limits.
  • Create alerts for low balance, large withdrawals and more.‍ ‍ See note 3
  • Give your child access to make online transfers and deposits after they turn 13.

Sending money fast is easy.

Whether you’re at home or on the go, you can easily add money to your teen’s account.

  • Set up transfers.
  • Deposit checks using Deposit@Mobile.‍ ‍ See note 4 
  • Find more than 100,000 preferred AutomatedTellerMachines.‍ ‍ See note 5

Pair their savings account with a youth checking account.

As they grow their money, they’ll need to know how to shop responsibly with it.

Monitor your kid’s spending, set limits, create withdrawal alerts and more with a USAA Youth Spending account.

Learn about youth spending

Youth savings account FAQ

Yes, they will if you order one. The card will come in 7 to 10 business days.

Your child can use it to deposit checks and cash into their account at a preferred ATM that takes deposits.‍ ‍ See note 5 Find these with our ATM locator.

This account is for kids younger than 18. To open it for them, you have to be their parent or legal guardian.

We’ll convert a USAA Youth Savings account to a regular savings account right after a child turns 18.

If you stay on as a joint account holder, you can continue monitoring their account and easily assist with bills or transfers.

If you haven’t sent us any proof of identification since you opened the account, you’ll need to upload images of their:

  • Social Security card.
  • Government-issued ID.
  • Proof of physical address.

You can submit these to us on our document portal. To comply with the USA PATRIOT Act, USAA Federal Savings Bank, or FSB, must verify the ID of all account holders.

If we don’t receive this proof within 55 days after your child turns 18, the account will be at risk of closing.

Banking resources for families

Money saving tips for families to reach their financial goals together

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Read article: Money saving tips for families to reach their financial goals together

Money lessons: Teach children to save

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Read article: Money lessons: Teach children to save

Life lessons: Raising financially independent kids

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Read article: Life lessons: Raising financially independent kids

Related footnotes:

  1. To take full advantage of Savings Tools, you need to have a USAA Federal Savings Bank checking and savings account.

  2. Account access restrictions may apply to mobile/web access in certain countries.

  3. Message and data rates may apply.

  4. Parent/guardian must qualify for USAA's Deposit@Mobile®. Eligibility for USAA Deposit@Mobile® will be based on your account history with USAA Federal Savings Bank. Deposits may not be available for immediate withdrawal. USAA's Deposit@Mobile® and related Deposit@Home® includes innovative features that are protected by multiple patents issued by the United States Patent and Trademark Office. A listing of issued Patents, intending to serve as notice under 35 U.S.C. § 287(a), may be found at United States Patents.

  5. When you use a non-USAA Bank ATM outside of our preferred network, you may incur surcharge, usage, or other fees charged by the ATM operator or network. We refund up to $10 per monthly statement cycle in non-USAA Bank ATM surcharge or usage fees for transactions made at non-USAA Bank ATMs. 1% Foreign Transactions Fee may apply. See the Account and Service Fee Schedule for details.

Related footnotes:

  1. Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change. To join USAA, separated military personnel must have received a discharge type of Honorable or General Under Honorable Conditions. Eligible family members may also join USAA.

  2. "USAA Bank" means USAA Federal Savings Bank.

  3. Deposit products and services offered by USAA Federal Savings Bank, Member FDIC. 

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