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Free Student Checking: no monthly fees, $50 bonus, debit rewards

Have you outgrown your piggy bank? Designed for money-savvy teens and young adults between 10 – 20, the Absolutely Free Student Checking account is a great first step towards financial independence.


Who needs a student checking account when you have a debit card. . .

You’re right, who needs checks anymore – all you need is a debit card and mobile banking, and you’re good. Oh, and no monthly service fee, no minimum balance requirement, rewards when you use your debit card and just $25 to get you started. (If you ever need those things called checks, just ask.)

Free text banking
Free Debit Card
Mobile deposit

Get $50 Cash!

Once you open a new student checking account, accept and open online banking, eStatement and a debit card. Then use your debit card for 5 purchases, and we'll give you $50.1 It's that easy!

Ready to get started?

Open an account online (if between the ages of 14-20) or visit a branch.

Open an Account

Available for individuals 10-20 years old. See below for forms of ID required to open a Free Student Checking account.2

Debit Card Rewards

Earn  cash back rewards on  your purchases (minimum $10) when you choose the credit option at checkout! For every 200 points, you will receive $5 cash.  Find out more about how the Rewards for You program works.


Extras you'll love!

Details & Fees

No hidden gotchas.

Name Fee
Monthly Maintenance Fee3 $0
Minimum to Open $25
Minimum Account Balance $0
ATM Transactions Free at MIDFLORIDA branches and Publix Presto! ATMs
Debit Card Transaction Fee $0
Bill Pay Free (available at age 18)
Check Advance Not available
Checks Free standard starter checks. No per check fee.
Cashier’s Checks $5 per cashier check
Statement Options eStatements are free with extended eStatement archival for 5 years. Paper statements are available for a fee. See fee schedule.
Dividends 0.00% APR
Safe Deposit Box Rental Available for rent with Absolutely Free Student Checking at 18 years old.

It pays to be popular!

Refer friends. Earn funds.

Get $25 for each friend you refer using your unique digital code. Just log into Free Online Banking to find your shareable link and QR code and start sharing today!
Checking account required to earn referral.4
Notices & Disclosures
Offer valid as of April 29, 2024, and may be canceled at any time without notice. MIDFLORIDA Credit Union membership and eligibility requirements apply. See associate for details regarding terms and fees. The Absolutely Free Student Checking account is designed for individual MIDFLORIDA members 10-20 years old. $25 minimum opening deposit required. Depending on age, the account may require a parent or guardian’s signature. Identification (school or government-issued ID) required to open account; driver’s license or government- issued ID required for issuance of debit card. To qualify for the $50 incentive, you must open a new Absolutely Free Student Checking account, accept and open online banking, eStatement and a debit card; and complete five debit card purchase transactions which must post within one calendar month (to be completed within the first 60 days of account opening). No dividends are paid on Absolutely Free Student Checking. Annual Percentage Yield is 0.00%. Limit one incentive per Social Security number. Past checking account holders and previous recipients of checking account incentives are ineligible. The incentive will be deposited to new Absolutely Free Student Checking account on the 61st day after the qualifications have been met, and will be reported to the IRS.
Accepted forms of identification for new account: Teens 10-16 years old with a parent or guardian as a joint owner can use a valid current school ID (not adequate to request a debit card), Florida ID, Military ID, Passport, and the parent or guardian must have a valid Florida driver's license or Florida ID; youth 16-20 without a parent or guardian as a joint owner can use a Florida driver's license or Florida ID.
Standard fees such as Non-Sufficient Funds do apply, but are much lower than many banks. Please view our full  fee schedule. Fees subject to change.
Refer a Friend for Absolutely Free Student Checking: Offer valid as of April 1, 2024, and may be canceled at any time without notice. The referring member must have a MIDFLORIDA checking account. To receive the referral incentive, the prospective member must present the referral code or completed referral card at account opening. Incentive will be posted to the referring member’s account after the referred friend opens an Absolutely Free Student Checking account and qualifies for the $50 checking incentive within 60 days. To qualify for the referral, new customer must not share household with the referring member. You cannot refer your own account, and secondary checking accounts do not qualify for this offer. Additional requirements apply for earning a $100 incentive when you refer a Free Checking account. See for details.