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  Copper - Banking Built for Teens

Best Of Product

Copper - Banking Built for Teens
in Checking Accounts from Copper · Member FDIC
Claimed

Copper - Banking Built for Teens

Claimed
in Checking Accounts from Copper · Member FDIC
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

16 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.001%
(Verified 08/23/2022)
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A
Number of Reviews 16

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 are available in 50 states (and Washington, DC).

Key Takeaways

  • A signup bonus for teens of $5. Additionally any parent or teen can refer a friend and get $3 per referral.
  • Low APY. The maximum annual percentage yield for this account is only 0.001%.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Copper - Banking Built for Teens does not charge fees on ATM transactions.

Copper 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 FAQ

Are checking accounts from Copper federally insured?

Yes, your deposits 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 offer?

Copper - Banking Built for Teens Rates & Terms
Description
APY (Annual Percentage Yield) 0.001%

Copper offers an APY of 0.001% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Copper?

Copper does not require a minimum initial deposit.

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

What fees does Copper charge?

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

Copper - Banking Built for Teens Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 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
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does Copper charge overdraft fees?

No, Copper does not charge overdraft fees.

What features and perks does Copper offer?

This account includes the following features:

  • A signup bonus for teens of $5. Additionally any parent or teen can refer a friend and get $3 per referral.
  • Fraud monitoring - Copper 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 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.

What is the customer support email for Copper?

The customer support email for Copper is support@getcopper.com.

How do people rate the customer service and user experience of Copper?

Overall, Copper is strongly recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Copper

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

View Copper Profile

Availability

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

Feature Breakdown

Minimum Opening Deposit $0
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 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
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
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
  • 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) 0.001%
(Verified 08/23/2022)

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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