What is copper banking & how does it work?

Copper Banking is an online-only banking service that offers free checking accounts for teens. There are no local branches, but you can fund your account using external banks and payment apps. These checking accounts have up to $250,000 in FDIC Insurance through Evolve Bank & Trust. Parents can create accounts for up to five kids.

How do I make changes to my copper account?

If changes are needed, they can be made through Copper support by logging into the app. Copper is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust; Members FDIC. Copper is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust; Members FDIC.

Can a parent open a copper bank account?

Parents or guardians can download the Copper Banking app from the App Store or Google Play. It’s free to join and set up a parent account. Then, you can create up to five child accounts. Banking laws currently require you to be at least 18 years old to open a bank account. As a result, parents must be the primary member, and they can add children.