4.2.5 Safe to install
Altra Jr. offers a well-structured platform for children to engage with their financial education in an interactive manner. The app not only provides a way for kids to monitor their finances but also fosters essential life skills that will serve them in the future. By incorporating games focused on various financial concepts, Altra Jr. facilitates meaningful conversations between families about money management.
Key features of Altra Jr. include:
- Virtual Money Tracking: This feature eliminates the stress and complications associated with handling physical cash.
- Mobile Accessibility: Parents can access account information conveniently from any iOS device.
- Goal Setting and Tracking: Kids are encouraged to set and track their financial goals effectively.
- Virtual Allowance and Chore Tracking: This helps instill a sense of responsibility regarding earning and managing money.
- In-app Lessons with Quizzes: Educational content is reinforced through engaging quizzes.
- Age-appropriate Games: The app features fun activities such as Piggums Candy Factory, which teaches kids about coinage, and Piggums Dash, an entertaining run game that incorporates learning seamlessly.
Overview
Altra Jr. is a Freeware software in the category Games & Entertainment developed by Altra Federal Credit Union.
The latest version of Altra Jr. is 4.2.5, released on 01/07/2025. It was initially added to our database on 01/07/2025.
Altra Jr. runs on the following operating systems: iOS.
Users of Altra Jr. gave it a rating of 4 out of 5 stars.
Pros
- User-friendly interface that simplifies banking for children and teens.
- Encourages financial literacy and responsibility from a young age.
- No monthly fees or minimum balance requirements.
- Access to a mobile app that allows tracking of spending and savings easily.
- Provides educational resources on saving and budgeting.
Cons
- Limited services compared to adult accounts; may not include features like loans or credit options.
- Potentially limited ATM access depending on network agreements.
- Parental oversight may be required, which some teens might find intrusive.
- Not widely available outside of specific regions as it is tailored for local community members.
FAQ
What is Altra Jr. by Altra Federal Credit Union?
Altra Jr. is a youth savings account specifically designed for children and teenagers, offered by Altra Federal Credit Union.
Who is eligible to open an Altra Jr. account?
Any child or teenager aged 17 and under can open an Altra Jr. account with a parent or guardian as a joint owner.
Is there a minimum deposit required to open an Altra Jr. account?
Yes, the minimum deposit required to open an Altra Jr. account is typically $5.
What features does the Altra Jr. account offer?
The Altra Jr. account often includes no monthly fees, competitive interest rates, and educational resources to teach financial literacy.
Can I access my Altra Jr. account online?
Yes, members can access their Altra Jr. accounts via online banking and mobile app services provided by Altra Federal Credit Union.
What happens to the Altra Jr. account when my child turns 18?
When the account holder turns 18, the Altra Jr. account will typically transition into a standard savings account.
Are there any withdrawal limits for the Altra Jr. account?
While there are generally no specific withdrawal limits, frequent withdrawals may impact interest accrual and account status.
How can my child learn about saving and managing money with Altra Jr.?
Altra Federal Credit Union provides various educational tools, resources, and workshops to help children learn vital money management skills.
Is there a way for my child to earn rewards from their Altra Jr. account?
Yes, certain promotional offers or reward programs may be available that incentivize saving and responsible financial behavior.
How can I find out more or apply for an Altra Jr. account?
You can visit the Altra Federal Credit Union website or contact your local branch for more information on how to apply for an Altra Jr. account.
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