How does banking for teens work?

To get started, a parent or legal guardian must bank through OnePay and get a Builder Card. Parents can then add one or more teens as authorized users to their account and Builder Card. Once set up, teens can spend, save, and earn cash back, while parents stay in control.

What controls do parents have?

Parents can set their teen’s spending limits, control ATM access, manage who they can exchange money with, block certain merchant categories with Teen Safety Mode, and more. Learn more in the Help Center.

How can teens get a head start on building credit?

Before teens turn 18, their activity isn't reported to the credit bureaus. When they turn 18, after their identity is verified and other requirements are met, we report their account age and eligible payment history as authorized users to the credit bureaus. This can help give them a head start to building credit history. Learn more in the Help Center.

How can teens start investing?

Parents can add their teen to OnePay Invest. Once set up, teens can purchase stocks and ETFs with as little as $1. Learn more in the Help Center.

What happens when a teen turns 18?

When a teen turns 18, they’ll be eligible to apply for their own deposit account and Builder Card. Once approved, they can continue using OnePay independently. Learn more in the Help Center.

A smart start
for teens

Banking that helps teens 13-17 learn how to spend smarter, save for goals, and earn rewards, while parents stay in control.

OnePay™ is a financial technology company, not a bank.
Banking services provided by Coastal Community Bank or Lead Bank, Members FDIC.

Meet banking made to give teens real money skills, while parents stay in control every cent of the way. Teens can earn cash back on their favorite brands ¹ , build credit early for the big things ahead ² , and save for their goals. Plus, no monthly fees for parents or teens.

Features that build futures

Safety first
Parents set the guardrails — like who teens can exchange money with, spending limits, and more.
Build credit early
Everyday Builder Card purchases can help build credit history — so when a teen turns 18, they’re already ahead.²
Save for what matters
Teens can set up their own Savings Goals, track their progress, and earn 3.35% APY on Savings.³
Invest in the future
Parents can add teens to OnePay Invest, giving them hands-on experience with as little as $1.⁴

Banking built for families

Parents start by signing up to bank through OnePay and getting their Builder Card. From there, adding a teen takes just a few steps.

Once added, teens get their own card and can start building real money habits.

Made for teens,
approved by parents

01
Make allowance automatic
Parents can send an allowance to their teen — weekly, biweekly, or monthly — and adjust anytime.
02
Gifts with potential growth power
Friends and family can send money or gift stocks directly to a teen's balance.
03
Send and receive money instantly
Teens can send money to parent-approved contacts in seconds through One to One.⁵