Smart banking for teens with flexibility for them and peace of mind for parents.
Propel student checking gives teens a real debit card and real-world money experience. Parents get visibility and control, while students learn how to earn, save, and spend with confidence.
Account Features:
With a Propel student checking account, teens get a debit card of their own to start learning and practicing smart spending habits. Make point-of-sale purchases, access money at ATMs, transfer money to friends and family, and monitor their account with free online and mobile banking.
Not just for teens
This account is for all kids ages 12+
Personalize their first card
Kids choose the look, and it’s free. View Gallery >
Parents stay in the know
Account alerts, activity tracking, and card controls.
Set Goals. Save Smart.
Built-in money tools like MX Insights help kids plan and track savings goals right in the app.
To add a Propel Student Checking account, a parent or guardian must first have a Savers Bank checking account. Visit one of our six branch locations to open your account.
With free, easy-to-use resources, you’ll learn how to make confident financial decisions and set yourself up for long-term success.
Is there a fee for a Propel student checking account?
No. There are no monthly maintenance fees for our student checking account, and no fees to open or maintain the account.
What age can a student open a checking account?
Propel is available for teens aged 12+ with a parent or legal guardian as a joint account holder. It’s designed to grow with them as they build real-world money skills.
Does my child get a debit card?
Yes. Students receive a debit card in their name that can be used for everyday purchases, online spending, and ATM withdrawals. They can even customize it.
Who has control over the account?
Parents or legal guardians are joint account holders and can view activity, transfer funds, and help guide spending. Students can use their debit card and learn to manage everyday money with built-in support and oversight.
Can my teen send money or use mobile payments?
Yes. Students can use their debit card for purchases and may have access to digital payment features, depending on age and account settings.
What do I need to open a Propel student checking account?
Parents/gaurdians must have or open a Savers Bank checking account and be enrolled in online banking. For minors we require social security number and either a birth certificate or school photo ID.
Why does the parent/guardian need to have a checking account and be enrolled in online banking?
To open a Propel Student Checking account, a parent or guardian must already have a Savers Bank checking account and be enrolled in online banking. This connection allows you to easily view account activity and transfer money as needed. Rest assured that your other Savers Bank accounts are separate and private from your child’s access.
Is a Propel Student checking account a good way to teach money skills?
Yes. Propel is a simple way for teens to learn how to earn, spend, and save money while parents stay involved and help guide the experience.
Propel Student Checking Account is available to kids age 12 – 18 with a parent or guardian as a joint owner. The account must be opened in-branch with both the parent/guardian and student present. Parent/guardian must have or open a new Savers Bank checking account and enroll in or be enrolled in Online Banking. Minimum to open the account is $10. No monthly maintenance Fee. No minimum balance required to maintain the account. Interest is not earned on this account. No transaction limitations apply to this account. Overdraft Protection is not available for this account. Some charges associated with account are reduced; see fee schedule for details. Once an account holder reaches their 19th birthday this account will automatically convert to a Simply Better Checking.
Savers Bank mobile app is available for select mobile devices. Message and data rates may apply.
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