Hey Dad, my friend said he opened a student checking account yesterday.

That's cool, do you know what that is?

No, I was going to ask you!

Well son, a checking account is an account where you can store you money, just like a savings account. Checking accounts give you access to a debit card, and allow you to write checks to pay your bills. Checking accounts often give you a higher rate of interest than a regular savings account, but there are often fees for a checking account.

That sounds cool! When can I get one?

Technically you could get a student's checking account because you just turned 16 last week.You have to wait until you're 18 to open an independent checking account.

Ok! I can't wait!

Lets go today!

How can I help you?

I would like to open a student's checking account.

Ok, do you have the paperwork filled out?

Yes.

Perfect, I'll put all the data into the computer.

Ok, sounds good

How much would you like to add for your first deposit.

$300

Alright, you're all set. You will be receiving your debit card and blank checks in the mail in about 1-2 weeks.

Ok, sounds good! Thank you!