Open An Account For Your Student Today!

Opening An Account For Your Student

• On the Open Your Account page, select the Member Minor or Non-Member Minor option. Parents and guardians will be joint owners of the account.
• During the application process, select which school your student attends.
• Royal will contribute the first $5 to new School $ense savings accounts! When asked which financial you will be transferring funds from for this application, select no previous financial or accounts.
• When you open an account for your student online, you'll receive a new account information packet via mail in 7 to 10 business days.
• If your student is 13 or older, you may also open a Smart Start checking account! This checking account has no monthly fees and no minimum balance, and includes free checks, a free debit card, and two free NSF refunds each year to cover balancing mistakes.
• Once your account is opened, your student will be able to make deposits or withdrawals at school. Accounts can also be accessed at any Royal office, a Royal ATM, or one of thousands of shared branches and ATMs across the U.S. You also get our free mobile app with camera check deposit.
• If you are a non-minor student (age 18 or older) with limited credit history, we encourage you to visit a Royal Credit Union office to complete your application.

All About School $ense

School $ense is Royal Credit Union’s signature financial education program that operates 29 student-run credit union locations in grade schools, middle schools, and high schools throughout the areas Royal serves.

By The Numbers

School $ense got started in 1993 and recently celebrated 25 years of student-run credit union locations. On average, School $ense students save more than $575,000 and make almost 15,000 transactions each school year. As an added incentive to help our elementary schools, for every 500 student deposits made, Royal donates $250 to their school.

Elementary School Programs

Our elementary sites are staffed by fourth and fifth graders. These young students complete a job application and go through an interview and training process where they learn about our real computer system, confidentiality, Member service, marketing, and more. Elementary school sites are open once a week, usually in the morning or over lunch, so students and faculty can transact on their accounts. For every fourth deposit made, elementary students receive a prize. There are three levels of prizes to encourage the students to continue to save for a larger prize.

Middle School Programs

The middle school sites are run by sixth, seventh, and eighth graders. These student team members help students and faculty with transactions, and are also involved in the design and creation of in-school marketing materials. Students at the middle school level earn small giveaways with each deposit they make.

High School Programs

High school team members are hired from the Business Youth Apprenticeship and Financial Youth Apprenticeship programs. Our high school locations offer many of the same services available at our regular locations, and student team members may also work as tellers at our other Royal Credit Union locations.

Please see a list of our School $ense partner schools here.