Online Banking

 

Student: Teen & College Age

Learn to manage money and prepare for the cost of higher education

You may still rely on financial help from your parents or other family members, but it’s not too early to start cultivating sound money-management habits.  Many financially sound adults accomplished their goals through careful financial planning that began when they were students. 

 

smiling students
Text Size: A A A

Become a Saver!

Learning to save money in your teens and college years is an excellent habit that will train you be a good money manager for the rest of your life.  Set goals for your money and start saving NOW.  If you have no immediate goals, your goal can be to have a “money cushion” for when that important need for cash occurs.

First Southern Bank
offers saving accounts to help you get started: 

Savings Account  –  Get started saving!  You can even pay yourself first with an automatic transfer from your new checking account.  It's an easy way to save!

When you are 18, you may open a savings account on your own.  Younger students may open savings accounts with the co-signature of a parent, and you need to do this together inside the bank.  

Start a Checking Account

A checking account provides a means to learn how to responsibly handle cash, make smart financial decisions and keep track of your spending records.  Whether you use a debit card or paper checks, your checking account can help you manage your budget, including paying your bills on time and balancing your checkbook.  With these good habits, you can start building a good credit reputation NOW.  

Find the checking account that best fits your lifestyle, without the hassle of unnecessary fees.  No matter what your financial needs are, we have an account that is perfect for you.
 

First Southern does not charge you fees for using any ATM nationwide.  We will even refund ATM fees charged to you by other banks when using your First Southern Visa Debit Card at their ATM*. 

*Original receipt reflecting fee must be presented to a First Southern Branch within 60 days to receive reimbursement.  Reimbursements are limited to $25 per month per account. 

 

Choose an account that is right for you:


Totally Free Checking

No Monthly Service Fees!!

  • No minimum balance
  • No monthly service charge
  • No per check charge
  • Unlimited check writing
  • Easy-to-balance monthly statement
  • Return of check images for easy record keeping
  • FREE ATM/Debit Card
  • FREE Online Banking and Bill Pay


 

VIP First Southern Interest Checking

No Monthly Service Fee with the convenience of direct deposit or any automatic payment!

  • Competitive interest
  • No minimum balance
  • No monthly service charge
  • No per check charge
  • Unlimited check writing
  • Easy-to-balance monthly statement
  • Return of check images for easy record keeping
  • FREE ATM/Debit Card
  • FREE Online Banking and Bill Pay


When you are 18, you may open a checking account on your own.  Younger students may open checking accounts with the co-signature of a parent, and you need to do this together inside the bank.   

Plan in Advance for College

It’s never too early for pre-college students and their families to identify and earmark the financial resources 
they have available to fund a college education—whether from savings, loans, grants, scholarships or work income.
       
       Here are some sources to help you and your parents plan how you will finance a higher education:

  College Savings Plans - It’s OK to start small, but start now with a college savings plan that both you and your
    parents can contribute to:        

CollegeCounts 529 Plan  –  CollegeCounts, a 529-qualified tuition program that provides flexible investment options specifically designed to help you build college savings.  For more information go to www.collegecounts529.com. 

US Government EE Savings Bonds  –  EE Bonds are reliable, low-risk government-backed savings products that you can use toward financing education and other special events. For more information go to www.treasurydirect.gov.

 •  Federal Financial Aid for Higher Education (FAFSA)  –  All college applicants and their parents or
    guardians should become familiar with the most recent FAFSA guidelines and deadlines which can
    be found at http://www.fafsa.ed.gov/.  Applications for federal student aid may also be available
    from your high school counselors, public library or college financial aid office.   

 

Tips for Effective Financial Management

  • Set a savings goal and keep track of your progress.
  • If you have a job, don’t spend everything you make.
  • Record ALL your transactions daily for your checking and savings accounts, whether they are made with debit or credit cards or paper checks and deposit slips.
  • Know your account details such as overdraft charges, interest rates, withdrawal restrictions, minimum balances, etc.
     

For help determining the best accounts and products for sound and productive money management during
your Student Lifestage, please contact us at 800-625-7131 or firstsouthern@firstsouthern.com.