Don Davis , Editor in Chief
The card enables teens to withdraw money directly from their own personal online bank accounts. With a $1 opening deposit and a parent or guardian's co-signature, young adults can now go to DoughNET.com and open a USABancShares.com joint bank account offering an optional ATM card specially designed for DoughNET.com members. The no-fee ATM card option limits withdrawals to $40 daily and refunds five monthly service fees, up to $10, imposed by ATM owners. The addition of USABancShares.com online bank accounts and ATM cards now makes it possible for teens to handle all aspects of their money--from the withdrawal of currency at ATMs to online banking, shopping, saving and donating--in one place, says the San Francisco-based firm.
Also, Philadelphia-based USABancShares.com will donate $5 for every online donation of $10 or more a DoughNET.com member makes to one of DoughNET.com's nine featured nonprofit organizations. DoughNET.com will match USABancShares.com's $5 donation for a minimum total donation of $20 to the member's chosen nonprofit, it says.
DoughNET.com is a manage-your-money service for young adults where they can bank, shop, save and donate online without a credit card. Customers can open online FDIC-insured bank accounts directly connected to more than 80 online retailers and nonprofit organizations including: Alloy, Barnes & Noble.com, CDNow, Esprit.com, Eve.com, Footaction USA, Fogdog Sports, Illuminations.com, K-Swiss.com, pacsun.com, Sanrio.com, Shop.Eonline.com, Skechers.com, Rainforest Alliance, Rock the Vote and The Humane Society of the United States.