Explorer Checking

Explorer Youth Checking Accounts in West Michigan

When you set up a bank account for your youth, they reap great rewards as they discover how to navigate life’s adventures. Explorer Checking accounts at Community West Credit Union enable young adults and teens to manage their money and learn more about budgeting. Located in West Michigan, we are a member-owned and not-for-profit credit union that helps families in Allegan, Barry, Ionia, Kent, and Ottawa counties. Learn more about the youth’s bank accounts we offer.

Why Open an Explorer Youth Checking Account?

The Explorer Checking account is a fundamental financial tool for introducing youth to money management. It allows your child to make deposits into their accounts and withdraw cash for spending or making payments. By having a checking account, they also have greater access to their money with a debit card and online services. Other benefits of opening a bank account for teens and children with Community West Credit Union include:

  • No minimum balance requirements
  • No monthly maintenance fees
  • Online banking and mobile app with check deposit
  • Simple, secure monitoring with eStatements/eNotices

Young adults and teens also can earn interest through their Explorer Checking account. Your child must complete the financial education brochure, use their debit card 10 times a month, and actively participate in online banking to qualify for interest.

Rates effective as of today.

Explorer Checking (Earn 3.00%* interest on balances up to $5000) 2.96% 3.00%

Dividends are paid monthly.
*APY = Annual Percentage Yield. Rates Subject to Change
Charges may reduce earnings on the account. Click here for the Schedule of Service Charges.

Please note: These accounts are available to members up to 24 years old, and current rates are subject to change.

Understanding Debit Cards

Debit cards are extensions of checking accounts, and funds are accounted for after a purchase. If your card gets lost or stolen, reach out to Community West Credit Union as soon as possible and follow our instructions to secure your account.

We provide over 30,000 automated teller machines (ATMs) nationwide for our customers’ convenience. You can use an ATM to conduct transactions, withdraw money, or make a deposit by using a debit card. Account-holders may be charged extra for using their debit card at an ATM that is not in the Co-Op ATM Network or owned by Community West Credit Union.

Best Practices when Using Your Debit Card

When you buy items with cash, it is easier to track your spending because you can see how much money you have left at the end of the day. If you use your debit card frequently, it can be more challenging to gauge the remaining funds in your account. To maintain a healthy balance, retain receipts from each transaction, including deposits, payments, purchases, and withdrawals, or track your spending in Online Banking. These strategies help ensure you do not spend more than you have and incur overdraft fees.

Secure website Lock LogoIf you decide to make an online purchase with your debit card, be sure you are dealing with a reputable company and using a secured site. Secured sites feature a lock graphic in the address bar, which lets you know they do not store your debit card number unless you set up an account first. More importantly, it signifies that the site uses a safe and secure system to process each transaction.

Balancing Your Account

Check Register Example

While tracking your account online is convenient, writing down the details of every transaction can help you avoid money-management errors. To effectively balance your account on paper, consider using a check/debit register that contains the following information:

  1. Number/code: If you write a paper check, enter the check number here. Otherwise, use a code for transactions, such as “DC” for debit card purchases or “ATM” for cash withdrawals. 
  2. Date: Record the date of each activity.
  3. Transaction description: Make a quick note about the purchase.
  4. Payment/debit: List the amount of money leaving your account.
  5. Deposit/credit: Log the amount of money entering your account.

Open an Explorer Youth Checking Account Today

At Community West Credit Union, our goal is to empower generations through Explorer Youth Checking accounts. For over 50 years, we’ve helped individuals throughout West Michigan by providing exceptional products and long-term financial guidance. As a member-owned organization, we put our customers’ needs above our profits, offering personalized service at affordable rates.

Visit a branch today to learn more about opening a bank account for teens and children, or visit one of our locations in Comstock Park, Grandville, Hudsonville, Kentwood, Middleville, or Rockford.

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