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Routing #041207341
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DREAM BUILDER ACCOUNT

The best online checking account just for kids

Open an account that builds a lifetime of good habits.

Kids have dreams. Help yours achieve them with the Dream Builder account. The interest-bearing checking account grows with them from birth to age 21, bringing new benefits with each tier – starting with a $25 opening bonus. The best part? Dream Builder comes with a wealth of financial knowledge, plus the peace of mind that F&M is here to guide and provide for your child, every step of the way.

Building Blocks (Ages 0-12)

 

Building Block Compare
Minimum to Open Account
$25
Mobile Banking Parents Only
Adult on Account Yes
Initial Account Opening Bonus1 $25 on initial deposit
Interest Rate Tier 1 (balances up to $500) 5.00%
Annual Percentage Yield (APY)2 5.12%
Interest Rate Tier 2 (balances above $500) 0.01%
Annual Percentage Yield (APY)2 Tier 2 2.56% – 5.12%
Birthday Reward3 $10
Online Banking4 Parents Only
Bill Payment5 N/A

Building Know-How (Ages 13-15)

 

Building Block Compare
Minimum to Open Account $25
Bill Payment5 N/A
Mobile Banking Parents Only
Mobile Deposit Limits7 $5,000/day
Adult on Account Yes
Initial Account Opening Bonus1 $25 on initial deposit
Interest Rate Tier 1 (balances up to $500) 5.00%
Annual Percentage Yield (APY)2 5.12%
Interest Rate Tier 2 (balances above $500) 0.01%
Annual Percentage Yield (APY)2 Tier 2 2.56% – 5.12%
Foreign ATM Fees Waived Combined ATM fee refunds up to $10/month
ATM Surcharges Rebated Up to $10/month
Online Banking4 Parents Only

Building Steam (Ages 16-18)

 

Building Block Compare
Minimum to Open Account $25
Debit Card POS Limits6 $3,000 for ages 18+, $500 for ages 16/17
ATM Withdrawals $250/day for for ages 16/17, $500 for ages 18+
Online Banking4 Yes
Bill Payment5 Yes
Mobile Banking Yes
Mobile Deposit Limits7 $5,000/day
Adult on Account Yes
Initial Account Opening Bonus1 $25 on initial deposit
Interest Rate Tier 1 (balances up to $500) 5.00%
Annual Percentage Yield (APY)2 5.12%
Interest Rate Tier 2 (balances above $500) 0.01%
Annual Percentage Yield (APY)2 Tier 2 2.56% – 5.12%
Foreign ATM Fees Waived Combined ATM fee refunds up to $10/month
ATM Surcharges Rebated Up to $10/month
Free Basic Checks Yes

Building Opportunity (Ages 19-21)

 

Building Block Compare
Minimum to Open Account $25
Debit Card POS Limits6 $3,000
ATM Withdrawals $500/day
Online Banking4 Yes
Bill Payment5 Yes
Mobile Banking Yes
Mobile Deposit Limits7 $5,000/day
Initial Account Opening Bonus1 $25 on initial deposit
Interest Rate Tier 1 (balances up to $500) 5.00%
Annual Percentage Yield (APY)2 5.12%
Interest Rate Tier 2 (balances above $500) 0.01%
Annual Percentage Yield (APY)2 Tier 2 2.56% – 5.12%
Foreign ATM Fees Waived Combined ATM fee refunds up to $10/month
ATM Surcharges Rebated Up to $10/month
Free Basic Checks Yes

DISCLAIMERS

¹Initial account opening bonus will be deposited during account opening and is provided once during the Dream Builder account lifetime. The initial account opening bonus is subject to tax reporting requirements. You will receive a $25 bonus within 30 days after the opening deposit has been made.

²Annual Percentage Yield (APY) subject to change. This is a variable rate that is subject to change after the account has been opened. Fees may reduce the earnings on the account. Interest rate and APY are accurate as of 3/1/2023 and calculated on an account balance of $1,000. Account balance must be $0.01 or greater to earn interest. Tier 1 – If your daily balance is $500 or less, the interest rate paid on the entire balance in your account will be 5.00% with an APY of 5.12%. Tier 2 – if your daily balance is greater than $500, the interest rate paid on the balance greater than $500 in your account will be 0.01% resulting in APYs ranging from 2.56%-5.12% (assuming a maximum account balance of $1,000).

³Birthday reward will be deposited the first business day of the month following when the birthday occurred. One birthday reward per account per calendar year. Account balance must be $0.01 or greater to receive the birthday reward.

⁴Only parents/guardians can register for Online and Mobile Banking in the Building Blocks benefit category. Message and data rates may apply.

⁵Parents/guardians cannot register for Bill Payment until the minor is of the age of 16.

⁶Debit Card POS is limited to $250/day in the Building Blocks Benefit Category and is limited to$3,000/day for account holders age 18+ and $500/day for account holders ages 16 and 17 in the Building Steam and Building Opportunity benefit categories.

⁷Mobile Deposit Limits change based on the benefit category:

  • Building Know-how: our current daily deposit limit is $5,000 per day and no single check exceeding $250 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $1,000 over a five-day period;
  • Building Steam: our current daily deposit limit is $5,000 per day and no single check exceeding $1,000 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $5,000 over a five-day period;
  • Building Opportunity: our current daily deposit limit is $5,000 per day and no single check exceeding $2,500 with a maximum number of ten checks. The current multi-day check deposit limit is currently 15 check deposits and $10,000 over a five-day period.

LOW MINIMUM

Open a checking account with just $25.

OPENING BONUS

Earn an extra $25 with your initial deposit.

INTEREST-BEARING CHECKING ACCOUNT

Earn 5.00% on balances up to $500.

EASY ACCESS

Just download our free mobile banking app.

EZ OVERDRAFT

Avoid inconvenience and fees with automatic transfers (based on credit approval)

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