Services: Youth Accounts
 
 
 
Services > Youth Accounts> Fat Cat, Headstart, Student Loyalty


PenFinancial is committed to offering products and sevices that are "good4you".
That is why, as of February 3, 2007 we will be modifying our Youth Acounts in order to make them even better for our young members!

Features and benefits of our Fat Cat, Headstart and Student Loyalty accounts include:

  • No Monthly Fee
  • Unlimited debit* transactions
  • No fee money orders, drafts and certified cheques
  • 15% Discount on Safety Deposit Box Rentals
  • Cheque Orders
  • 5 non-PenFinancial ATM withdrawals per month**

Fat Cat Account

This account is especially for our youngest members under ager 12. A Fat Cat Account is the perfect gift for a new baby or for a grandchild. It helps children develop the good habit of saving for a rainy day.

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Headstart Savings/ Chequing Account

A HeadStart Accounts is for our members aged 13 to 18 years. The account can be used as either a chequing account or passbook savings account. It lets our younger members learn about balancing a chequebook and managing their money. Teens gain experience in budgeting and reconciling accounts while learning the user fee concept at a reduced rate.

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Student Loyalty Account

Here at PenFinancial, we offer anyone who is enrolled full time in post-secondary education an easy and attractive way to manage their funds while in school.

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Call or drop in and see us to learn more about these services or to ask us about additional options such as our No Fee Student MasterCard, Student Loans and post secondary Student Bursaries.

 

*Debit transactions include: in-branch, on-line and by phone bill payments, pre-authorized payments, cheques, and debit/Interac transactions.

** A surcharge may be applied by other financial institutions. Non-PenFinancial withdrawals over and above 5 per month are discounted to $0.50 (excluding other surcharges).

 

 
 
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