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Teen Checking & Student Checking

Teen Checking & Student Checking
Detail Teen Checking Student Checking
Ages* 15 – 18 17 – 22
Minimum to Open $25.00 $25.00
Monthly Service Fee No Monthly Service Fee No Monthly Service Fee
Debit Card Yes Yes
E-Statements Required Required
Online Bill Pay n/a $5.00/month
Person-to-Person Payments n/a Included in Bill Pay
Conversion Account will convert to the Everywhere Checking account and be subject to the current terms and conditions of this account on June 30th following your 19th birthday.

If attending school or a student after age 18, you may convert the account to a Student Checking.

Account will convert to the Everywhere Checking account and be subject to the current terms and conditions of this account on June 30th following your 23rd birthday.
Common Features
  • FREE Online Banking
  • FREE Mobile Banking1
  • FREE Mobile Check Deposit1
  • FREE Member-to-Member Transfers2 from another member’s linked account(s) using Online Banking or the LorMet app. This is great way for parents to transfer money into their student’s account as needed.
  • 32,000 surcharge-free MoneyPass® Network ATMs nationwide
  • Automatic Overdraft Transfers from your linked Primary Savings3
  • One (1) FREE Incoming Wire per month

*If under age 18, a parent/guardian with an existing LorMet account in good standing is required as joint owner.

1 Message and Data rates may apply.

2 Requires enrollment. Both members must complete the M2M Transfers authorization form.

3 LorMet will automatically transfer from the linked Primary Savings (if funds are available) up to six times per month, if there is not enough money in your checking account to cover the transaction. There is a fee of $2.00 for each Automatic Transfer.