Online Banking

Welcome to First Service Bank’s Kids Corner!

Welcome to First Service Bank’s Kids Corner! At First Service Bank, we understand the importance of teaching financial responsibility and money management skills to kids of all ages. We want to be there to help in any way we can.

Our Kids Corner is an interactive, educational and fun resource designed specifically for kids. Color a picture, solve a puzzle, or learn about saving and making your money grow! Don’t forget to check out our Franklin Cent Account, made just for kids age 12 and under.


  • $5 opening deposit requirement
  • No fees
  • Converts to regular savings account at the age of 18
  • Incentive prizes for each deposit

Tips for Parents:

Learn Together. Don't feel like you have to be a financial whiz yourself, or even that you have to have a good handle on your own money situation. Pick up a good book, ask your bank or credit union about their youth programs, and take a family finance class at your local library or community center. There are even money camps that you can send the kids to. Don't assume kids will learn about money in school.

The Allowance Debate. Allowances are probably the hot-button topic when it comes to financial literacy for kids. Nearly everyone agrees that kids need to get spending money from their parents. The issue generally comes down to expectations. Many parents have their kids do certain chores to earn the allowance, arguing that this system teaches children about earning. Others say that allowance shouldn't be tied to chores, because taking care of a home is simply part of being a family. It's up to you to weigh the pros and cons and decide what's right for your family.

Divide it Up. Many experts suggest that kids have a system for allocating money, whether it's from allowance, job income or cash gifts, generally along the lines of 70 percent for spending, 10 percent for saving, 10 percent for charity and 10 percent for investing. You can vary the proportions however you want, perhaps dividing "saving" into long-term and short-term goals, or "spending" into self and gifts.

Let Them Make Mistakes. While it can be tempting to swoop in and save the day, let your child make mistakes with their money. (Better to be disappointed with a junky $20 toy than a junky $20,000 car.)

Look for Teachable Moments. Have your child save receipts so they can see where their money is going. Open a bank account with them and go over the monthly statements together. Look at interest earned on investments like government savings bonds. These are great opportunities to talk about budgets, interest, bank fees and disposable income. Use easy to understand language and make sure they understand what rich people do. For example, you have to milk the cow, not eat it. People who live paycheck to paycheck eat their cows and they’ll never get ahead. People that put money away, so that they have it to invest are on the right track. The end goal is to invest enough money so that you can live off the dividends. That’s “milking the cow.” Teach your children this before they get caught up with trying to pay off debt.

Saving Tips for Kids:

1. Save first. Every time you receive money as a gift or get paid for a
job well done, set aside some portion of that money as savings before you
spend. It will add up and help you reach your goal.

2. Focus on reaching a goal. Keep focused on your reasons for saving
money. Post notices in your bedroom or wherever it will help to remind you
that you have a goal.

3. Always have some money saved in case you need it. It can be your
allowance, money you earned or money received as a gift.

4. Don't spend more money than you have.

5. Become a wise shopper. Learn how to get the best buy for the least
amount of money.

6. Have a spending plan. This is important so you will be able to know
how much money you have and where you will spend it. Always know where
your money goes.

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About Children's Online Privacy

The Children's Online Privacy Protection Act (COPPA) was passed to give parents increased control over what information is collected from their children online and how such information is used. The law applies to websites and services directed to, and which knowingly collect information from, children under the age of 13. First Service Bank's websites and online services are not directed to children under the age of 13, nor is information knowingly collected from them. For additional information on COPPA protections, visit the Federal Trade Commission's website at's-online-privacy.