Alliant Credit Union Teen Checking Reviews (Jan. 2021) | Checking Accounts

Highlights
Monthly Fee	$0
ATM Fee: Out-of-Network	$0
Minimum Balance to Avoid Monthly Fee	$0
APY (Annual Percentage Yield)	0% - 0.25%

Alliant Credit Union Teen Checking Review

Alliant Credit Union Teen Checking is offered by Alliant Credit Union, a credit union founded in 1935 and based in Chicago, IL. Alliant Credit Union Teen Checking is available in 50 states (and Washington, DC).

Key Takeaways

Low APY. The maximum annual percentage yield for this account is only 0.25%.
$0 monthly fee. This account does not charge a monthly maintenance fee.
Small minimum initial deposit. You only need $1 to open an account.
No ATM fees. Alliant Credit Union Teen Checking does not charge fees on ATM transactions.
Up to $20 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
Free bill pay. Pay your bills to practically anyone in the United States through Alliant Credit Union.
Hard credit pull. Alliant Credit Union may require a hard pull on your credit report to open a checking account.

Alliant Credit Union Teen Checking Pros & Cons

Pros	Cons
Available in all 50 states. Interest-yielding account. Access to physical branches. Free debit card and the option to lock/unlock the card if lost or stolen No charge on incoming domestic or international wire transfers.	No signup bonus. Not FDIC-insured. Higher than average wire transfer fees.

Alliant Credit Union Teen Checking FAQ

Are checking accounts from Alliant Credit Union federally insured?

Yes, your Alliant Credit Union checking accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Alliant Credit Union Teen Checking offer?

Alliant Credit Union Teen Checking offers an APY starting at 0% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

Alliant Credit Union Teen Checking Rates and Terms
Rates	Amount
APY (Annualized Percentage Yield)	0% - 0.25%

What are the account minimums for Alliant Credit Union Teen Checking?

Alliant Credit Union Teen Checking requires a minimum initial deposit of $1 to open an account.

Alliant Credit Union Teen Checking Account Minimums
Description	Amount
Minimum Initial Deposit	$1

What fees does Alliant Credit Union Teen Checking charge?

The good news is that this account does not have a monthly service charge.

Alliant Credit Union Teen Checking Fees
Description
Monthly Fee	$0
Paper Statement Fee	$1
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$0
NSF Fee	$25
Overdraft Protection Fee (per transfer)	$28
Overdraft Item Fee	$25
Early Account Closure	$0
Returned Deposit Fee (Domestic)	$15
Debit Card Replacement Fee	$0
Bank Teller Fee	N/A
Check Cashing Fee	$5
Online Bill Pay Fee	$0
Stop Payment Fee	$25
Check Image Service	N/A
Check Copy	N/A
Foreign Transaction Fee (Debit Card)	0%
Wire Transfer Fee - Domestic (Outgoing)	$25
Wire Transfer Fee - International (Outgoing)	$50
Wire Transfer Fee - International (Incoming)	$0
Returned Deposit Fee (International)	$15
Wire Transfer Fee - Domestic (Incoming)	$0
ATM Reimbursement Monthly Limit	$20

What features and perks does Alliant Credit Union Teen Checking offer?

This account includes the following features:

ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $20.
Fraud monitoring - Alliant Credit Union Teen Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
Nationwide ATM network - Conveniently transact at a nearby ATM.

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