Peoples Junior Preferred Checking Junior Preferred Checking is designed to allow parents to help young adults ages 14 to 17 develop the sound savings and spending habits necessary to manage their personal finances responsibly. Key Features: The minimum opening deposit is $50.00. This is a non-interest bearing account. There is no minimum monthly balance required, no monthly service charge, and no transaction fees.   A parent or guardian is required to be a joint owner on the account, and must be an existing checking account owner in good standing.   A Visa debit card with restricted spending limits is available with parental permission. Additional Benefits: An introductory packet of checks is offered complementary. Other Bank Fees