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Basic Training Page

Banking Basics Title

Why Save Money?

You have some money: maybe from Grandma or your allowance or from doing some special chores. What do you do with it? What SHOULD you do with it? Of course you could spend it. It can be fun to spend, but saving money can be fun too! Maybe you want to buy a new game system or have plenty of money to spend on your summer vacation. You need to save money for these things that cost a lot of money.

The best way to save is to put a little money away each week or month before you spend any of it. If you start out by saving, you’ll build a great habit that can last a lifetime. You can also help make our world a better place by sharing your money. You can start saving by putting money in a bank at home.

Then, once you have larger amounts of cash saved, you’ll want to put some in your Youth Trek Statement Savings account at the bank where it is safe and will earn more money. (Interest is money the bank pays you for keeping your savings in the bank.)

Talk to your parents or a trusted adult who knows your spending and savings habits. They can help you set goals and figure out how much you can spend, how much you should be saving, and how much you want to share. You’ll be an experienced bank customer in no time!

Have some FUN finding out how your money can grow! Click on this link to QNB’s “Financial Calculators”:

Kids Calculator Logo



Check out our great Kid's Calculator! It will take you to aSimple Savings Goal calculator. You can figure out all different kinds of savings plans with this calculator.





What is a Savings Account?

A savings account at a bank is a much safer place for your cash than a container at home. At QNB, you would put your savings in a Youth Trek Statement Savings account which you can open with only $5 (or more)! This account allows you to make deposits whenever you want and QNB will pay you interest! (Interest is money the bank pays you for keeping your savings in the bank.) The more money you keep in your savings and the longer you leave the money in the account, the more money your money will make!

What is a CD?

A CD at a bank isn't the musical kind of CD! CD stands for Certificate of Deposit. A bank CD is a type of savings account where you agree to keep your money in the CD for a set amount of time (called the TERM of the CD). If you close your CD before the term is up, you may lose some of your interest. Banks have many different terms for their CDs. The term can be for as short as 6 months or as long as 60 months (5 years). The interest rate for a CD is usually higher than on a regular savings account.

The TREK'S FLEX CD is a special Certificate of Deposit QNB offers just for kids that lets you make unlimited additional desposits of $10.

What is a Checking Account?

Like a savings account, a checking account is a safe place where you can put your money (if you are 15 or older). A checking account is usually used for the "spend" part of your money. But your money will NOT grow in most checking accounts unless you add to it yourself through deposits. It won't grow because most checking accounts do not pay interest. The neat thing about a checking account is that you are able to write checks or use your QNB Visa® check card/ATM card to pay for things you need.

How do I read my bank statement?

Reconciling is comparing the amount you have written in your Youth Trek Savings account register (the written record kept of all deposits and withdrawals for your accounts) with the balance amount on your bank statement. At the end of March, June, September and December, a statement is mailed to you. If you have an ATM (Automatic Teller Machine) card, you get a statement monthly. Your statement shows:

1. The balance at the beginning of your statement period

2. Deposits you made into the account

3. Withdrawals you took from the account

4. The balance at the end of the period

5. The interest you earned. Your interest should be the last deposit listed under “Detail Transactions by Date."

Here are some other things you might see on your statement.

1. During your birthday month, QuBot deposits $1.00 into your account, so you’ll see a $1.00 deposit on your statement.

2. Your CDs (Certificates of Deposit) are listed on your statement too if the names on your CDs match the names on your Youth Trek Statement Savings account.

3. Any service charges would also show on the statement, but Youth Trek accounts are usually free of service charges.

4. If you lost your ATM card, the fee to replace a lost card is $8.00.

On the back of the statement is a chart that can be used to help you reconcile. This chart is especially useful when reconciling a checking account, so some of the steps are only used if you have a checking account. To verify your balance, follow the steps on the chart. Ask a trusted grown-up or a bank employee to help you.

Banking Vocabulary Title

The Banking Vocab Challenge

CLICK the logo above to learn some basic words about banking!

Using ATM's title

HOW DO I USE AN ATM? (if you're age 13 or older)

QNB has Automated Teller Machines, or ATMs for short, at all its branch locations. ATMs are open 24 hours a day, 7 days a week. IF you’re 13 or older, an ATM card allows you to deposit money into your Statement Savings Account at any QNB ATM. You can also find out the balance in your account at the ATM. If you’re 16-18, you can deposit AND make withdrawals of $50 each day or the balance in your account, whichever is less.

In order to use your ATM card, you need to think of a secret code that will allow only you to use your card. This code is called a Personal Identification Number, or PIN, and you make it yourself. Your PIN can be 4 numbers or 4 letters.

NEVER write your PIN down on the card or a piece of paper where someone else could find it. Your PIN should be kept a secret so that the money in your account is safe.

ATM Picture

What happens if I can't find my ATM card?

If your card is lost or stolen, you must notify the bank immediately. It takes about 7 to 10 days to get a replacement ATM card. You will get a phone call letting you know when your card has arrived. The card is sent to the bank and you must come to pick it up. That way the bank can be sure that the person picking up the card is the same person listed on the account.

Does it cost money to replace my ATM card?

The fee to replace a lost card is $8.00. Your first card is free.

How old do I have to be to get an ATM card?

If you are 13-15 years old, you can have an ATM card to make deposits to your Statement Savings account and to use the ATM to check your balance. If you are 16 years old or older, you can make withdrawals of $50 each day or the balance in your Statement Savings account, whichever is less.

How much does it cost to have an ATM card?

There are no annual fees until you reach 19 years old which means the card costs you NOTHING! (Note: You may have to pay a small fee at the time of withdrawal at banks other than QNB and at any ATM that is not a STAR or CIRRUS® ATM.) Just stop in any QNB branch and a Customer Service Representative will be happy to complete your application for an ATM card!

Electronic Banking Title

Electronic Banking means banking at home using your Personal Computer with QNB-Online or at ATMs (Automated Teller Machines).

Computer PictureQNB-Online is a system that lets you perform banking activities at home, through the Internet. Online banking allows adults to perform most transactions that are usually made at the bank, such as account transfers, balance inquiries, bill payments, stop-payment requests and even online loan applications.

You can look up your Account information any time, day or night, and can be done from anywhere you have Internet access. Youth Trekkers may use QNB-Online too. You can look at your Statement Savings account balance and history. If you have any CDs in the same name(s) as your Statement Savings, you may look at those CD balances too. Sorry - Custodial Accounts, (or PUTMA) accounts cannot be accessed by QNB-Online.

To sign up for QNB-Online, ask an adult to help you. Go to Then you and your trusted adult can click on “Enroll Now” and fill out the online form. Even if you can’t sign up, try the test drive. It will show you all the different things adults can do with QNB-Online.

Qubot's Favorite Websites Title

Preschool – 1st Grade

Crayola Creativity Central offers kids arts and crafts ideas for rainy day (or any day) fun. The site also features coloring books and pages, art and craft projects, games, school supplies, art education and lesson plans for use in both school and home activities.

A marvelous, colorful, animated site, full of surprises and learning.


2nd – 5th Grade

From the Nickelodeon TV show. Great graphics, great sound, great games.

This web site was developed to help students improve their math skills interactively. is a free website for kids containing hundreds of free kids games, puzzles, activities, coloring pages, clip art & more for children, parents, teachers.


6th-8th Grade

Federal Reserve's Web page for children designed to educate middle school students about the Board of Governors of the Federal Reserve System. The Web page is designed in a user-friendly, question-and-answer format to ensure easy navigation and the ability to learn basic information about the Fed.


Great for all Ages

Educational but fun for all levels. Highly recommended by teachers.

The United States Mint H.I.P. Pocket Change™ Web site was launched in July 1999. H.I.P. Pocket Change is a fun educational tool for students and teachers that generates interest in coins, the United States Mint, and U.S. history.

Every family, no matter what their schedule, can benefit from relevant, useful information to help them plan a better life for their kids. This site hopes to give parents what they need, when they need it. Whether you’re looking for a craft or a healthy meal idea that kids will eat, this is an excellent online planning destination for families.

Games, cool stuff, car shows from Mattel toys. Colorful with neat animation.