Give Your Child or Teen a Head Start Towards Good Financial Habits
Junior Memberships
Teaching your kids about saving at a young age is a great way to prepare them for financial success in the future. At Diamond, we offer the tools you need to help your teen or child gain an understanding about finances.
Your child can easily become a Junior Member of Diamond Credit Union with a youth account. Any child, age 11 or younger, who becomes a member with a savings account is automatically considered a Junior Member.
How to Open a Youth Account for Your Child:
In order to establish a Diamond membership for your child, you must open a membership share savings account with a $5 deposit in your child’s name. Because your child is a minor, you will also need to be on the account as the guardian. After opening a member share account, you may also consider opening other savings accounts or share certificates for your child. Stop by any of our branch locations and speak with a representative about all our account options.
Breakthrough Account: A Teen Debit Account
The Breakthrough Account is for children and young adults between the ages of 12 – 17.*
This is a checking/debit card account in which your child is the primary account holder, and you, the parent/guardian, is a joint owner on the account. Your child will learn how to save money, spend wisely and manage finances. There are no crazy requirements, restrictions, or monthly fees on this account.
Education For Teens & Young Adults
We have partnered with Zogo, a mobile app developed by Duke University’s behavioral scientists that teaches financial literacy to teenagers.
How the app works:
- 800+ bite-sized educational modules that cover all national standards for financial literacy.
- Earn coins (or points) by successfully answering questions and completing exercises.
- Users can exchange pineapples for $5 gift cards to a variety of widely known brands
Diamond members will receive access to the Zogo platform at no cost. Learn more and download the Zogo app, available for Apple® and Android devices.
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*Breakthrough Account is for young adults aged 12 to 17 with the minor as the primary owner on the account. Both the minor (primary owner) and parent/guardian (joint owner) must be present to open the account and must present official identification. The minor can provide identification in the form of a birth certificate, social security card, or student identification with photo. Both the primary and joint owners have equal ownership and authority over the account. Breakthrough Account does not qualify for overdraft protection or the online bill payer service. Debit cards on this account are exempt from non-use fees. Breakthrough Accounts will be converted to My Diamond Checking at the end of the month after the owner’s 18th birthday. Notifications and documentation will be provided prior to account conversion.