 TITLE: How to Help Your Teen Build Credit Now CONTENT: 3\\. Open a Checking Account\n---------------------------\nMost banks and credit unions offer checking accounts for minors or students. These accounts typically have lower fees than standard accounts. By opening a checking account for your teen, you can help them get used to making deposits and keeping track of how much money they have. When you believe your teen is ready, you can add a debit card that's linked to their checking account.\nIf you'd like to monitor your teen's account to make sure they are going down the right path, you can become a cosigner on their account. Keep in mind, however, that if you do cosign your teen's checking account, you'll be responsible if they overdraw it. END