Managing your teen’s money just got a whole lot easier. With Vault.Bank’s Minor Accounts, you can give your child the freedom to learn financial responsibility while staying in control of their spending. Whether they’re 13 or 17, this account is designed to grow with them, helping them build strong money habits before adulthood
Why Choose a Minor Account?
Let’s face it, handing your teen cash isn’t always the safest or most convenient option. It can be lost, forgotten, or spent without a trace. With a Vault.Bank Minor Account, you get a secure, trackable way to manage your child’s money while teaching them how to use it wisely.
- No More Lost Cash: Say goodbye to handing off bills and wondering where they went.
- Real-Time Tracking: See exactly where and how your child is spending.
- Instant Alerts: Be notified immediately of any account activity or issues
Built for Families
Vault.Bank’s Minor Accounts are joint accounts—owned by the minor, but managed and monitored by the parent or guardian. This gives your child a sense of ownership and responsibility, while you maintain oversight and control.
- Joint Ownership: You stay in the loop while your teen learns to manage money.
- Parental Controls: Set limits, monitor transactions, and guide your child’s financial journey.
- Peace of Mind: Know your child’s money is safe and being used responsibly.
Features That Make a Difference
We’ve designed our Minor Accounts to be simple, affordable, and packed with features that support your child’s financial growth:
- No Annual Fees: Banking should be accessible especially for young savers.
- Low Opening Deposit: Get started with just $100.
- User-Friendly Tools: Our app makes it easy to track spending, set goals, and learn budgeting basics.
- Financial Education: Help your teen understand saving, spending, and planning for the future.
What Happens When They Turn 18?
When your child turns 18, they’re ready to take the next step. Their Minor Account can transition into a Vault Demand Account, giving them full access to manage their finances independently through our app.
- Full App Access: Budget, save, and spend with confidence.
- Financial Independence: Empower your teen to take control of their money.
- Seamless Transition: No need to open a new account just unlock new features.
Set Them Up for Success
Teaching your child how to manage money early is one of the best gifts you can give them. With Vault.Bank’s Minor Accounts, you’re not just opening a bank account you’re opening the door to a lifetime of smart financial decisions.
Ready to Get Started?
Open a Minor Account today with just a $100 deposit and give your teen the tools they need to succeed. It’s secure, simple, and built for the next generation of smart spenders.
Frequently Asked Questions
Q: What age is eligible for a Minor Account?
A: Vault.Bank Minor Accounts are available for children and teens aged 13–17.
Q: Can my child use the debit card online or in stores?
A: Yes, the debit card works just like a regular card with built-in safety features and parental oversight.
Q: What happens when my child turns 18?
A: Their account can seamlessly transition into a Vault Demand Account, giving them full control and access to advanced features.
