FRAUD ALERT – Fraudsters are spoofing local bank numbers and pretending to be a bank employee to trick you into giving them your Debit Card information and Digital Banking login credentials. Community Bank Employees will NEVER ask for your Debit Card information or Digital Banking login credentials to verify a transaction! The bank will never ask you for your Debit Card #, expiration date, CVV code or your online banking login credentials or MFA (Multi-Factor Authentication) code or number. DO NOT provide this information to anyone claiming to “help” you with unauthorized account transactions or attempting to login to your Digital Banking and DO NOT click on a link or photograph in a text message or email you are not expecting! If you suspect fraud, hang up and call us immediately at 304-485-7991.
With NextGen Checking and NextGen Savings, it’s easier than ever to set your child (or grandchild) on the right path to achieving their financial dreams. Whether they’re saving for college, a car or need a tool to handle everyday expenses, with these exciting accounts, they’ll be empowered to make smart money moves while giving you the ability to check their progress and keep them safe.
Visit a branch near you to open your child’s NextGen account(s) today!
| Account Feature | NextGen Checking | NextGen Savings |
|---|---|---|
Account Feature Opening Deposit | NextGen Checking $1.00 | NextGen Savings $1.00 |
Account Feature Interest Bearing | NextGen Checking N/A | NextGen Savings Yes |
Account Feature Free Student Debit Card | NextGen Checking Yes | NextGen Savings N/A |
Account Feature Transfer Limitations | NextGen Checking N/A | NextGen Savings Limit 6 per calendar month* |
Account Feature Account Qualifications | NextGen Checking Primary on the account must be between the ages of 12-25 years old. If the primary account holder is under the age of 18, an individual who is 18 years old or older must be listed on the account. Receive account statements electronically. Limit 1 NextGen Checking account per student. | NextGen Savings Primary on the account must be 25 years of age or younger. If the primary account holder is under the age of 18, an individual who is 18 years old or older must be listed on the account. Receive account statements electronically. Limit 1 NextGen Savings account per student. |
What’s the importance of teaching children good money habits? How much should kids have saved by the time they’re ready for college?
Let’s address a few commonly asked questions about youth savings.
A general rule of thumb is to have one-third of college expenses paid from savings, with the remainder coming from a combination of income, grants, scholarships and loans. To see an estimate of how much your child would need to save each month in order to reach their college savings goals, use our “Savings for College” calculator.
Teaching children money management and healthy financial habits early helps them build a strong foundation for financial independence, develop budgeting and saving skills, avoid debt, and make sound decisions that support long-term economic well-being.
It’s never too early to open a savings account for your child! You can open a savings account for them as soon as they’re born. Even small deposits made at a young age accumulate over time with compound interest.
You can open a NextGen Checking account for your child as early as age 12. With your guidance and oversight, a checking account will help teach your young loved one the importance of budgeting, money management and responsible spending, safely.
Yes, you can open a checking or savings account for your grandchild. You will need their Social Security number, date of birth, and other personal information. A banker will be happy to answer your questions and help you through the account opening process.
If you have further questions or would like additional guidance, let’s connect. We’re here to help you build a strong financial foundation for your family!
We will kick-start a new student checking account with $5 and a new student savings with $10. That’s a total of $15 when you open both!
You too can take advantage of this opportunity to put your grandchild on the path to financial success by opening a NextGen Checking or NextGen Savings account for them. Visit a branch or talk to a banker to learn how.
Contact Us*Transaction limitations: Transfers from a NextGen Savings account to another or to third parties by preauthorized, automatic, telephone, or computer transfer or by check, draft, or similar order to third parties are limited to six per calendar month.
**Community Bank does not charge for Mobile Banking, but your mobile service may charge for text messaging and/or web access. Be sure to check your service provider for data rates.
