- Rising Star is a great teaching tool for young adults to learn how to bank and manage money
- Includes a checking and savings account for each child
- Accounts co-signed by one or both parents
- No Overdrafts allowed
- Debit card issued in child’s name
- No checks (mobile and debit card only)
- To set up Mobile Banking you must have an Online Banking Account
- PIN & Signature Based debit card transactions
- Parents can set up low balance alerts through Online Banking
- Once per week, an auto deposit is made (Amount to be determined by parent) from parent’s Bank Star Account to child’s checking account
- Parents must have account with Bank Star
- Daily spending limit of $100 in child’s account
- At age 18, automatically change to an All-Star Checking Account
- Savings Account will pay basic savings interest rate, which will be paid quarterly
- Child, within the specific limits, can use the checking and savings account as needed.
- Debit card tied to checking account only
- Parent can access the accounts at will
