Youth Savings Account
What age range qualifies for Youth Savings account products?
0-24
What is the minimum balance to open Youth Checking account?
there is no minimum balance requirement?
What is the age range for Young Adult Checking accounts?
16-24
What are the three Smart Benefit Programs?
Youth high yield savings earns 1.00% on balances under $2,500 and for balances over $2,500 it earns 0.05%
$1,000 POS/ debit spend limit and $550 ATM limit
what are the Young Adult debit card limits?
16-17 $1,000 POS and $550 ATM withdrawal
18-24 $2500 POS and $550 ATM withdrawal
What are the age ranges for each Smart benefit program?
SmartStart is 0-8, SmartStride is 9-15 and SmartLaunch is 16-24
True or False: a member can have both Youth High Yield Savings and High yield savings account?
False
What is the overdraft transfer fee and NSF fee?
There are no overdraft transfer or NSF fees
Do the Young Adult checking accounts require a parent or guardian to be on the account?
Yes until the member turns 18
What percent discount do youth members receive for getting their first auto loan with Vibe?
0.50%
True or False: Youth High Yield Savings account are subject to Reg D?
True
What is the age range for Youth checking accounts?
9-15
What must the member do to qualify for subscription service credit and how much is that monthly credit?
The Member must have a recurring subscription charged from their debt card each month of 50$ or less to earn a $10.00 monthly credit to their account.
What charity does Vibe make Donations to as in behalf of kids participating in the Smart Benefit Scratch off donation cards?
Kids Coalition Against Hunger
What happens to Youth High Yield Savings when the member turns 25?
it Automatically converts to a High Yield Savings
what are the three account feature restrictions for Youth Checking accounts?
No Courtesy pay, P2P, and Online Bill pay
Does the Young adult checking account earn interest?
No, it is a non interest bearing account
True or False: The Smart Auto Discount is available to primary and joint members
False: Smart Auto Rate Discount only applies to primary members