Frequently Asked Questions

• Do I need to go into the bank to open a teen checking bank account?

  No. You can open an account online. But if you prefer to go into a branch to open the account, call to make an appointment so you’ll get immediate service once you get there.

• What do I need to open a teen checking account?

  A parent or guardian needs to be a Greater Texas Credit Union member and have a Texas Identification Card, Driver's License, or Passport.

  If a parent or guardian does not have an account, a copy of their driver's license, social security card (or two valid picture IDs), and the child’s social security card are needed to open the account.

  If a person other than the parent or legal guardian is opening the account, a letter from the legal guardian is needed as authorization.

  The initial deposit to open the account is just $25.

• How quickly can I open a teen checking account?

  You can open a teen checking account online today!

• How is this account different from your student account?

  Our teen account is perfect for younger adolescents. It’s a basic account that’s great for learning how to budget, manage money, and make payments or receive deposits with the mobile app and bill pay.

  Our student account has a few more features and benefits and is popular with college students. It offers overdraft protection and a chance to opt-in to take advantage of our overdraft privilege program.

  Additionally, students enrolled at Texas A&M can earn entries into our annual Tuition Takedown Giveaway by making debit card purchases with the card associated with their free checking account. Whoop!

• Why is a deposit needed to open the checking account?

  The $25 initial deposit to open a checking account is to verify funds for the account. It is available for access and withdrawal the next business day. After that, there are no monthly fees, and no minimum required balance for your checking account.

• What kind of online savings accounts does a Great Texas Credit Union offer?

  When it comes to savings accounts, we offer a variety of options. We have a Teen Savings account that has a minimum deposit of only $1 to open.

  Our Regular Savings Accounts are another great option. They allow members to build up savings over time. Money Market Accounts offer higher interest rates than a regular savings account, or you can save for retirement with our IRAs.

  Members can also save for the holidays throughout the year with our Christmas Club Accounts or pay for health expenses through our tax-advantaged Health Savings Accounts.

• Does there have to be a minimum amount in a checking or savings account at all times?

  We do not require a minimum balance in the checking account. For savings, the minimum account balance is $5.

• How long does it take to receive my debit card by mail after opening a checking account?

  Once the checking account has been opened and the debit card has been requested, it should take 3-5 business days to receive the debit card in the mail.