Teach Your Kids Good Money Habits Early
The right account for every age and stage
Kids don’t learn how to manage money by accident. The habits stick best when they start early and grow with real accounts, not just piggy banks. Croghan has two products built for exactly that:
- Gen$ave, a savings account for young savers, built to make opening an account simple and saving rewarding from the start.
- Gen$pend, a checking account with a debit card designed for students and young adults ages 13 to 22, built for managing everyday spending and learning digital banking tools hands-on.
Opening an account for your child does two things at once: it gives them a real place to practice saving and spending, and it gives you a way to guide those decisions before the stakes get bigger. A Gen$ave account can start the saving habit while they’re young, and when they’re ready for more independence, Gen$pend gives them a debit card and digital banking tools. Providing you with the access needed to help oversee their accounts also gives you the opportunity to have open financial discussions as purchases are made.
FAQs
Do I need to be present to open an account for my child?
A parent or guardian typically needs to be involved to open a minor’s account. A Croghan banker can walk you through what’s needed.
Can I keep an eye on my child's account?
Yes. Both accounts are accessible through online and mobile banking, so parents can stay involved.
Does Gen$pend come with a debit card?
Yes, along with access to online and mobile banking tools.
For more on building these habits at home, a few of our related articles are worth a read.
Guiding Children Along their Financial Journey
Smart money habits acquired early on can help children and young adults develop lifelong financial responsibility. That’s why we have a $uite of products to help you help your children along their financial journey.
Teaching Kids About Money: Start Strong, Start Early
It’s never too early to help children develop healthy financial habits. Teaching them how to earn, save, and spend wisely builds confidence and prepares them for financial success.
Beyond a Piggy Bank: The Importance of Youth Financial Education
Educating younger generations on managing personal finances is essential, whether you have a college student planning for a new semester or a grade-schooler learning to budget their allowance.
Teaching Kids About Money: Start Strong, Start Early
Important Legal Disclosures
*Accounts are subject to deposit account approval.