Youth Banking
Debit Card and Saving Account options for anyone under the age of 18
Greenlight Subscription
Debit Card and Money App for Kids and Teens: Bank of Ann Arbor has partnered with Greenlight to help parents raise financially-smart kids. Bank of Ann Arbor customers who subscribe* can instantly send the child money, set up chores/allowance schedule, create savings goals, and more.
Primary Account/Parental Dashboard Features:
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Send money instantly onto child’s card via the Greenlight app.
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Parents can add up to 5 children, each with their own debit card.
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Set parental controls on spending categories.
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Turn child’s card on/off in one tap.
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Receive real-time notfications and view spending history.
Child Dashboard Features:
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Use their own debit card.
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Set and achieve savings goals.
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“Level Up” their money knowledge with Greenlight’s financial literacy game.
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Add their card to their virtual wallet (Apple Pay®, Google Pay™).
Youth Savings Account
You’re never too young to start a savings program. Bank of Ann Arbor’s Youth Savings account is available to anyone under the age of 18. Maximum of four in-person withdrawals per month. Each in-person withdrawal over four will be assessed a $2 excess activity fee.
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Opening deposit is $10.00
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No minimum balance
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No maintenance fee
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Interest bearing account
Savings Account Services Include:
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Online/Mobile Banking
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Telephone Banking
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Electronic Statements
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Mailed Statements
Mobile
Bank of Ann Arbor App:
Bank of Ann Arbor’s personal banking app is available on the App Store® and Google Play store. Use your Apple or Android device to check balances, pay bills, transfer funds, and locate bank offices/ATMs.
Greenlight App:
Greenlight’s app is available on the App Store® and Google Play store. Use the app to make instant transfers, see real-time notifications, and set spending categories.
*The primary accountholder must be at least 18 years old, a U.S. resident, and must pass identity verification.
**Bank of Ann Arbor customers are eligible for the Greenlight SELECT plan at no cost when they connect their Bank of Ann Arbor account as the Greenlight funding source for the entirety of the promotion. Upgrades will result in additional fees. Plans start at $4.99/mo. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 05/09/2027. Offer subject to change.
***Greenlight select families can earn monthly rewards of 1% per annum on an average daily savings balance of up to $5,000 per family. To qualify, the Primary Account must be in Good Standing and have a verified ACH funding account. See Greenlight terms of service for details. Subject to change any time.
The Greenlight® prepaid card is issued by Community Federal Savings Bank, Member FDIC, pursuant to license by Mastercard International.
Help Center / Youth Banking