Minor Accounts

Explorer Accounts

Kids 0-17 years old. Savings & Checking Accounts

NOTE: Explorer Savings and Checking Accounts will automatically convert to regular accounts when the minor turns 18. NCUA Federally Insured Coverage on all accounts

ACCOUNT FEATURES AND BENEFITS

SAVINGS ACCOUNTS:

RATES - A significantly higher savings rate will be earned on the first $3,000 deposited. The regular savings rate will apply to funds over $3,000.
REWARDS - Rewards will be given to students for earned grades. Students can be awarded $5 for each A earned, per report card cycle.
 $750 cap per report card cycle.  $20 max per member, per report card. Offer good on current report cards only.
PRIZES - Deposits made in person at a branch (either Lafayette or New Iberia) can earn either a token for a prize, a spin on the prize wheel, or cash deposited directly into your account!

CHECKING ACCOUNTS:

• No minimum age for an account

• No account fees

• One debit card issued, in the minor’s name only.

• Parental controls – spending limits are in place for each age bracket.

Not available to minor accounts:

Checks
Bill Pay
Zelle
Joint/Guardians will not be issued a debit card.
Remote Deposit Capture can be added. Contact First Pioneers for set up.

BENCHMARKS

  
  AGE
    0-9
    10-14
    15-17
  

  DEBIT LIMIT
    $200.00
    $500.00
    $750.00
  

  ATM WITHDRAWAL LIMIT
    $0.00
    $100.00
    $500.00
  

  REWARDS/BENCHMARKS 
Savings Account Only
    Token for toy machines
for any in-person deposit of $5 or more
    Spin wheel for prize ($5 GC or prize)
for any in-person deposit of $10 or more
    SAVE - PRIZE

    $250 ---- $5

    $500 ---- $10

    $1,000 - $10

    $1,500 - $15

    $2,000 - $20

    $2,500 - $25

    $3,000 - $30
  

Online Banking