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Copper - Banking Built for Teens

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Copper - Banking Built for Teens

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SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

10 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01%
Number of Reviews 10

Copper - Banking Built for Teens Review

Copper - Banking Built for Teens is offered by Copper, a nonbank financial services provider founded in 2019 and based in SEATTLE, WA. Copper - Banking Built for Teens is available in 50 states (and Washington, DC).

Key Takeaways
  • $5 Bonus offer. Open a new account and you can get up to $5 (see terms and conditions for more details).
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • Small minimum initial deposit. You only need $10 to open an account.
  • No ATM fees. Copper - Banking Built for Teens does not charge fees on ATM transactions.
  • Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
Copper - Banking Built for Teens Pros & Cons
Pros Cons
  • Helps teach children and teenagers responsible saving and spending.
  • Offers a $5 bonus offer.
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • You must transfer funds digitally to avoid fees.
  • Online-only account with no access to physical branches.
  • Does not provide access to a nationwide ATM network.
Copper - Banking Built for Teens FAQ

Are checking accounts from Copper federally insured?

Yes, your Copper checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #1299). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Copper - Banking Built for Teens offer?

Copper - Banking Built for Teens Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Copper - Banking Built for Teens offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Copper - Banking Built for Teens?

Copper - Banking Built for Teens requires a minimum initial deposit of $10 to open an account.

Copper - Banking Built for Teens Minimums
Description
Minimum Opening Deposit $10 - $0

What fees does Copper - Banking Built for Teens charge?

The good news is that this account does not have a monthly Service Charge.

Copper - Banking Built for Teens Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
ATM Fee: Out-of-Network $0

Does Copper - Banking Built for Teens charge overdraft fees?

No, Copper - Banking Built for Teens does not charge overdraft fees.

What features and perks does Copper - Banking Built for Teens offer?

This account includes the following features:

  • $5 Bonus offer. Open a new account and you can get up to $5 (see terms and conditions for more details).
  • Fraud monitoring - Copper - Banking Built for Teens monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Mobile Banking Services - Copper - Banking Built for Teens allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Soft credit pull - Copper - Banking Built for Teens performs a soft credit pull so you can check whether you qualify without hurting your credit.

What is the customer support email for Copper - Banking Built for Teens?

The customer support email for Copper - Banking Built for Teens is support@getcopper.com.

How do people rate the customer service and user experience of Copper - Banking Built for Teens?

Overall, Copper - Banking Built for Teens is strongly recommended based on community reviews that rate customer service and user experience.

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Message From Copper - Banking Built for Teens

Copper banking sets itself apart from other debit cards for kids and teens by putting more focus on teaching users financial literacy skills. This app and debit card were created specifically for teens—educational resources are intended to be engaging and helpful to young audiences, and the app

Contact

Hours of Operation

  • Sunday 10:00am - 5:00pm
  • Monday 10:00am - 5:00pm
  • Tuesday 10:00am - 5:00pm
  • Wednesday 10:00am - 5:00pm
  • Thursday 10:00am - 5:00pm
  • Friday 10:00am - 5:00pm
  • Saturday 10:00am - 5:00pm

About Copper - Banking Built for Teens

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit $10 - $0
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
ATM Fee: Out-of-Network $0
Account Features
  • No ATM Fees
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Soft Credit Pull
  • Debit Card
  • Member FDIC
  • Online-Only Account
  • Teen Checking Account
Bonus Offer A signup bonus for teens of $5. Additionally any parent or teen can refer a friend and get $3 per referral.
Signup Bonus $5
APY (Annual Percentage Yield) 0.01%

Copper - Banking Built for Teens Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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