Customer support
24/7 Customer support
Educational concept
Instant money transfer
Customizable cards
Real Time Updates
Cashlimit per day/month
100$ Cash; 500$ Debit
Costs first year
0,00 €
Costs for subsequent years
0,00 €
Costs additional card
0,00 €
Foreign currency fee
Spending limit
Subscriptions blocked
Parental control
App with separate interface for parents and children
Minimum age
13 Years
Credit check
Application only by legal guardians
Online application possible
Online contract conclusion
Postal application mandatory
Postal contract conclusion mandatory
Application in store mandatory
Identity of applicant and child required


  • Targobank
    Costs first year
    Costs refer to the first year and may vary in the following year
    Minimum age
    Children's credit cards are often only available with the consent of a legal guardian over 18 years of age.
    14 Years
    Card type
    Card system
    • From €0.99 per month
    • Additionally a free current account
    • Free mobile debit notification

    First checking - The digital youth account from Axos bank

    First Checking is a digital youth account offered by Axos Bank, aimed at providing teenagers with an easy and modern entry into the world of banking and financial management. Axos Bank is an online-only bank headquartered in San Diego, USA. It offers a wide range of services for both personal and business customers. Clients can access the online platform and app anytime with a device, an internet connection, and their login, allowing them to monitor and manage their finances.

    Learning financial management with the teen checking account

    The First Checking account from Axos Bank is specifically designed for young people aged 13 to 17 and offers a range of features and benefits to support them on their path to financial independence and to learn how to manage money. The account comes with its own debit card.

    The debit card for teenagers

    With the First Checking account debit card, teenagers can make purchases in physical stores and supermarkets. The card is accepted at most places where credit cards are accepted and can also be used for contactless payments. Additionally, it can be used for online shopping, online transfers, or cash withdrawals from ATMs. This allows teenagers to quickly and easily access cash when needed, promoting responsible financial behavior and financial education.

    In control: The banking app

    Parents or guardians can monitor the debit card and set limits through the associated banking app. This allows parents to support and oversee their children's financial responsibility. Teenagers can also use the app and the online banking system to check their account balances, ensuring they are always aware of their financial situation.

    Potential costs of the first checking account

    First Checking does not charge monthly maintenance fees, and the account is generally set up to prevent overdrafts. This means that transactions are usually declined if there are insufficient funds in the account, rather than allowing overdrawn accounts and charging high fees. However, fees may apply if the First Checking account debit card is used at ATMs that are not part of the Axos Bank network. These fees depend on the ATM operators. Currency conversion fees may apply when using the debit card abroad.

    Security first

    Axos Bank has implemented robust security measures to ensure the integrity of the accounts and the financial security of the account holders. Here are some security aspects considered for First Checking accounts:

    • Password and PIN: Secure passwords and/or PIN codes are created when opening a First Checking account to ensure that only authorized persons can access the account.
    • Multi-Factor Authentication: Axos Bank offers the option to increase account security by enabling two-factor authentication. In addition to the password or PIN, another security code is required, which is sent, for example, via SMS to the account holder's mobile phone.
    • Account Protection: Axos Bank has strict security protocols to prevent unauthorized access to account information and functions.
    • Transaction Monitoring: The bank monitors transactions and can identify suspicious activities. Notifications are sent to account holders in case of suspicious transactions.
    • Parental Control: Parents or guardians who have control over their child's account can ensure that money is used responsibly by setting limits and monitoring transactions.
    • Encryption: Axos Bank uses encryption technologies to ensure that all online transactions and communications are secure and private.
    • Loss or Theft of the Debit Card: In case of a lost or stolen debit card, the bank immediately reports the loss and blocks the card to prevent unauthorized transactions.

    Online customer service

    Axos Bank offers comprehensive customer service to meet the needs of its customers and effectively address questions or concerns. Customer service channels include a telephone hotline, email service, and live chat. Additionally, Axos Bank provides information on the online portal and in the app within the FAQs.

    What are the benefits of the "First Checking" youth account?

    Firstly, there are no monthly maintenance fees, making it cost-effective for teenagers. Secondly, it allows parents to support their children's financial development by monitoring the account and setting limits. Thirdly, account holders receive a debit card that enables convenient purchases and cash withdrawals, and they benefit from financial education through provided tools and resources.

    What does the maintenance of the Teen Checking account cost?

    Axos Bank does not charge monthly maintenance fees, making the checking account cost-effective for teenagers. This allows young account holders to manage their money without paying regular fees, promoting financial independence and responsibility.

    How secure is Axos Bank's Teen Checking account?

    The Teen Checking account is protected by various security measures, including secure passwords, PIN codes, and two-factor authentication. The bank monitors transactions for suspicious activities and allows parents to oversee their children's account, promoting financial responsibility and providing additional security.

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