Apple Federal Credit Union’s eXtras Student Checking account is designed to make financial management straightforward and accessible for students aged 12-23. This account eliminates the common barriers young people face with money, giving them a solid start on their financial journey. In this guide, we’ll break down the basics of the eXtras Student Checking account, highlight its features and help you open an account for yourself or your child.
What is an eXtras Student Checking account?
The eXtras Student Checking account is for students between the ages of 12 and 23. Whether they’re a middle schooler learning to manage their spending or a college student juggling tuition and living expenses, this account provides the tools they’ll need to manage their money efficiently and confidently.
Why Students Should Have a Checking Account
Learn Financial Responsibility
A checking account introduces students to the basics of managing money, such as budgeting, tracking their spending and understanding how transactions work.
Maintain Convenient Access to Money
With a checking account, students have easy access to their funds through debit cards, ATMs and Apple FCU Online and the Mobile App.
Conduct Secure Transactions
Carrying large amounts of cash can be risky. A checking account provides a safer alternative by allowing students to make secure transactions using a debit card or online payments.
Build a Financial History
Opening and responsibly managing a checking account helps students build their financial history. A positive banking record can be an advantage when applying for loans, renting an apartment or securing other financial products in the future.
4 Benefits of an eXtras Student Checking Account
No Monthly Service Fees
The eXtras Student Checking account has no monthly service fees, allowing students to manage their finances without incurring additional charges.
No Minimum Balance Requirements
There are no minimum balance requirements with the eXtras Student Checking account. Students can maintain any balance that suits their financial situation without facing penalties.
Free eStatements
This account includes free eStatements, providing a straightforward way to monitor account activity and maintain financial organization.
Free Access to Apple FCU ATMs
Students have access to Apple FCU’s ATM network at no cost, enabling fee-free withdrawals and balance checks at various locations.
How do my student or I open an eXtras Student Checking account?
Opening an eXtras Student Checking account is simple.
To get started, make sure you have your student’s Birth Certificate1 or government-issued ID, and their Social Security Card at the time of account opening. If the student is under the age of 18, they will be required to have an adult joint owner.
If the student is already a member, please contact Member Services at 703-788-4800 or visit any Apple FCU Branch to add the eXtras Student Checking account.
If the student is not an Apple FCU member, they may apply for this account directly on our website. Head to the Join Now page or visit any Apple FCU branch with the required documents to finish the account opening process.
Choosing the right checking account is an important first step in taking control of your finances. Apple FCU’s eXtras Student Checking account is designed to help students do just that. With no fees, no minimum balance requirements and convenient features like free ATMs and eStatements, this account is a smart choice for students who want to build a strong financial foundation.
Take the first step toward financial independence today by opening an eXtras Student Checking account.
1 If the student is above the age of 18, they will be unable to use their Birth Certificate for identification purposes.
