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  Capital Bank Youth Savings Account
Capital Bank Youth Savings Account
in Savings Accounts from Capital Bank · Member FDIC
Unaffiliated

Capital Bank Youth Savings Account

Unaffiliated
in Savings Accounts from Capital Bank · Member FDIC
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Highlights
Monthly Fee $0
APY (Annual Percentage Yield) N/A
Minimum Balance to Earn APY $1

Capital Bank Youth Savings Account Review

Capital Bank Youth Savings Account is offered by Capital Bank, a bank founded in 1995 and based in Albany, NY. Capital Bank Youth Savings Account is available in 2 states across the USA.

Key Takeaways

  • Small minimum initial deposit. You only need $1 to open an account.

Capital Bank Youth Savings Account Pros & Cons

Pros Cons
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Only available in 2 states.
  • Higher than average wire transfer fees.

Capital Bank Youth Savings Account FAQ

Are savings accounts from Capital Bank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #597). 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.

Does Capital Bank offer a signup bonus?

Capital Bank Youth Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Capital Bank Youth Savings Account?

The minimum deposit to open a Capital Bank Youth Savings Account is $1.
Capital Bank Youth Savings Account Minimums
Description
Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $1
Minimum Required Balance $1

What APY does Capital Bank offer?

Capital Bank Youth Savings Account is not an interest-bearing account.

What fees does Capital Bank Youth Savings Account charge?

Capital Bank Youth Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $25 fee.
  • Incoming domestic bank transfers come with a $15 fee.
  • Outgoing international bank transfers come with a $40 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
  • Incoming international bank transfers come with a $15 fee.

What features and perks does Capital Bank Youth Savings Account offer?

This savings account includes the following features:

  • Mobile Banking Services - Capital Bank Youth Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to Capital Bank Youth Savings Account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Capital Bank Youth Savings Account?

The customer support email for Capital Bank Youth Savings Account is contactgroup@chemungcanal.com.

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Availability

  Available in 2 states
  • New York
  • Pennsylvania

Feature Breakdown

Minimum Balance to Earn APY $1
Minimum Opening Deposit Starting at $1
Minimum Required Balance $1
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $25
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $40
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
  • Interest Bearing Account
  • Mobile Banking
  • Debit Card
  • Branch Access
  • Member FDIC

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