Teach Teens to Save: Banking Tips For A Financial Future

We know learning may look a little different these days, so we’ve put together a guide to help boost your teen’s knowledge of banking.

In this guide, you and your teen will find information on:

Working their way around a check – Yes, they still exist!
Setting up a financial future – Start sooner than later.
Life hacks on saving time and money – Who wouldn’t want that?

Get your teen thinking about their financial future, and download this free guide today!

For additional resources, check out these interactive courses on Starting Out, Financial Basics, and Paying for College.

Share:

You may be interested in...

Your Community Bank If you live in North Carolina or South Carolina, you have a ton of banking options right outside your door. Large financial institutions may seem like your best option for banking services at first, but community banks typically offer more consumer-friendly services and fewer fees. Choose the Right Community Bank First Bank is your community bank that cares about local roots. Since 1935, we have been providing our customers with community-centric banking services, including: Personal banking options, such as checking accounts, savings accounts, debit and credit cards, personal loans, and more. Business banking options, like checking and savings accounts, business loans, merchant services, and treasury services. Wealth management services, like asset managements, mutual funds, and estate services. Insurance products, such as life and health insurance for individuals and commercial insurance for businesses. Mortgage loan options, including conventional, government, jumbo, first-time home buyer, and more. The Benefits of a Community Bank According to Bankrate.com there are many other advantages to choosing a community bank over a big bank. For example: Community banks are relationship-based, and the employees typically know you and your whole family on a personal level. Community banks are also smaller and can therefore offer personalized service. Community banks also typically offer lower fees and lower balance requirements than big banks. Being smaller allows community banks to have more lending flexibility than bigger banks Community banks tend to stick to their local roots, which means they strive to offer great services with low fees and give back to the community. First Bank is small enough to know you like a neighbor, large enough to handle all of your banking needs, and dedicated to supporting our local communities. To learn more about us and our banking services, visit your local First Bank branch today. ——— Sources: Bankrate: http://www.bankrate.com/banking/community-banks-vs-big-banks/ 2 min read

First Bank Credit Card There are many benefits to having a First Bank credit card. Perhaps you’ve encountered unexpected expenses like a medical bill or car repair. Or maybe you don’t want to front a large down payment for an item and would prefer to pay in smaller installments. If you’re a small business owner, you could use some help managing day‑to‑day purchases. 3 min read

Best Banking Rates and Services: First Bank, NC There are many factors to consider when assessing a checking account comparison. You’ll want to weigh interest rates, maintenance fees, ATM options, online features and more. First Bank has nearly 100 locations across North Carolina to house your money under a variety of checking options. Use the chart below to compare three of First Bank’s personal checking accounts. Compare Checking Accounts at our First Bank Locations Everywhere Checking Free online and mobile banking, free online bill pay, and free eStatements or paper statements Learn More Everywhere Plus Interest at a minimal balance requirement Free online and mobile banking, free online bill pay, and free eStatements or paper statements Learn More Everywhere Premium No First Bank fees on out-of-network ATM withdrawals Free member checks or 50% off other check designs, plus 4 free official checks per statement cycle Interest at a minimal balance requirement Free online and mobile banking, free online bill pay, and free eStatements or paper statements Learn More Learn More at First Bank As you can see, there’s something for everyone at First Bank. We even have accounts catered specifically for college students and senior citizens along with a wide selection of business checking accounts. Learn more about First Bank’s accounts and perform your own checking account comparison to find the one that’s right for you. Come by your local branch today. Account holders may avoid the Monthly Maintenance Fee by meeting any of the requirements listed in the Keep it Fee FreeTM section of the account summary table for their account type. Other account service fees may apply as described in the Account Services Fee Schedule available on our website at fees or at your local branch. Eligible personal deposits include checking, savings, Money Market, CD, or IRA. Eligible personal loans do not include residential mortgage loans. Direct deposit defined as external ACH credit. Transfers from other First Bank accounts or deposits made at a branch do not apply. ——— Sources: Investopedia: http://www.investopedia.com/terms/i/interest.asp?ad=dirN&qo=investopediaSiteSearch&qsrc=0&o=40186 Investopedia: http://www.investopedia.com/terms/m/minimum-balance.asp 2 min read

Mobile Check Deposits from Anywhere Before mobile phones and tablets, checks had to be cashed in person or by mail. Now, mobile check deposits allows you to deposit your checks from anywhere, so long as your mobile device has Internet or cellular service. Most banks provide mobile apps to make the process easier, and First Bank* is no exception. First Bank provides mobile check deposits** for businesses and individuals so that you can deposit a check from anywhere, safely and securely. How Mobile Check Deposits Work Mobile check deposit use digital technology to deposit money into your account. All you need is a smartphone or tablet with a good camera. Here’s how it works: Sign Checks and Find a Flat Surface Even with digital deposits, the back of a check needs to be signed by the account holder. For added security, you can also include a restricted endorsement, such as, “For Mobile Deposit Only” underneath your signature. Next, find a flat, well-lit surface. This will help you get the best possible image. Take Photos Using the App Using the secure camera within First Bank’s mobile banking app snap a picture of the front and back of the check. You’ll see prompts on the screen that will help guide you. Make sure to wait for the camera to focus before taking the picture so that numbers and letters are clear. Deposit multiple checks per day using your mobile app. At First Bank, individuals can deposit up to $5,000 in mobile checks in one day, and business accounts can deposit up to $10,000 per month*. Deposit Your Checks When you press deposit, the pictures of your checks are sent to our databases and reviewed. At First Bank, if you deposit your checks before 6 PM on a normal business day, your funds will appear in your account the next day (if approved). Check Your Email for Verification First Bank sends an email verification for all mobile check deposit transactions for your records. Get More with Mobile Banking First Bank offers comprehensive mobile banking** options for the modern consumer. Our app is available in both the iTunes and Google Play stores, and can be used to deposit checks, transfer funds, manage accounts, stop payments, and link to external 3 min read

Teach Teens to Save: Banking Tips For A Financial Future

Ready to talk to an expert?

Ready to talk to an expert?

You may be interested in...