Yes, SafeBalance for Family Banking allows for one parent owner and one child on an account. If you have additional children, each child requires a separate application and separate account.

Yes. Parents can set controls on spending categories, spending and withdrawal limits. If your child misplaces their debit card, parents can also temporarily lock their child's debit card and unlock it if they find it again.

Additionally, this account has other restrictions and protections to help parents guide their child as they begin using their first bank account.

Your child is restricted from:

• Depositing cash or paper checks – As the owner of the account, only the parent can deposit money.
• Transferring money out of the account – this includes wires5, ACH transactions, transfers to another bank5 and Bill Pay.
• Use of payment apps – Child is unable to send or receive money through payment apps such as Venmo, Paypal or CashApp.

• You cannot write paper checks with these accounts.
• Both accounts are automatically set to the Decline All overdraft setting and cannot be changed. Thus, overdraft fees are not charged with either of these accounts.

With a SafeBalance for Family Banking account, the following features are also unavailable:

• Zelle
• External money transfers into the account, including direct deposits, wires, ACH transactions and transfers from another bank.
• This account also cannot receive credit card cash advances or credit card rewards redemptions.