Our teen has Cap one. I don't think the parents need to have an account, but we have one account there which makes it easier to transfer her money if necessary. When I transferred from Bank of America it took over a week. She has a Teen Checking and a Youth Savings (I think).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We have used Capital Ones Teen account. It is free. It is very convenient for us because we can move $$ between accounts easily as we have Cap One too. It would be less useful if we did not have it but you can still probably log in.

Similar account with Bank of America.

We use BoA and I believe my husband also set our oldest son up with an account at BOA. I do not believe my husband would have paid extra for this account but I'll have to ask him when he gets home.

Me again. I asked and there’s no charge but it’s affiliated with ours.

We have Capital One, and teens each have a Capital One online money account. Paychecks of theirs can be deposited right into their account. I can transfer money into their account at any time. I can also see where they are spending their money