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Capital One 360 MONEY Teen Checking Account

While we're enjoying our springtime weather, our thoughts quickly turn to summertime and children's upcoming summertime jobs. Last year we informed you of ING DIRECT's MONEY Teen Checking Account and we wanted to let you know that ING DIRECT was acquired by Capital One and has transitioned their brand to Capital One 360. Although the name Capital One 360 has changed, there has been no change to the MONEY Teen Checking Account product. The MONEY Teen Checking Account continues to be an interest-earning checking account and debit card that parents and teens can manage together. The "bank of mom and dad" is officially closed. Below are the details of the MONEY Teen Checking Account from Capital One 360.

Help put your teen on the path to financial independence by opening a MONEY Teen Checking Account. The MONEY Account is designed to help your teenager save and spend their money in a responsible way which will help them on the road to financial independence. Teens can directly deposit their paycheck, or allowance, into their MONEY Teen Checking Account while keeping track of their total savings and spending, and can do so either online or with the Capital One mobile app. There are no fees or minimum balances required and your teen will have access to 38,000 FREE ATMs nationwide with the Allpoint® network. With their MasterCard® Debit Card they can make purchases anywhere MasterCard is accepted or skip the swipe and use PayPass™.

You as the adult can do everything your teen can do but you won't receive a debit card. You can sign in with your own Customer Number and Sign In PIN to transfer money, set up an Automatic Savings Plan and manage account details. You also have the option to set up text alerts and email notifications for card transactions and account activity. With the MONEY Account you get financial independence for your teen and financial piece of mind for you. To learn more about opening an account, click here.

Capital One 360 is a division of Capital One, National Association, a subsidiary of Capital One Financial Corporation (NYSE: COF) based out of Mclean, VA. FDIC Certificate Number: 4297.

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