Introducing the OakStar Bank Missouri Youth Checking Account!
The OakStar Bank Missouri Youth Checking Account is designed specifically for youth ages 16-17 currently in legal custody of the Missouri Children’s Division.* The Missouri legislature recently passed new laws (see Memo CD19-53) allowing 16 and 17-year-old youth in foster care to open checking accounts in their own name without the signature of a legal guardian. OakStar Bank has created an account to specifically meet the needs of these teens.
The OSB Missouri Youth Checking Account also includes a Financial Literacy Incentive Program that includes 7 different online modules. For each module the account owner completes, OakStar Bank will deposit $20 into the account. If the account owner completes all 7 modules, they can earn up to $140!** This program is only available to account holders of the OakStar Bank Missouri Youth Checking Account. To get started, follow the steps below.
Applicants must be a Missouri resident with a valid ID and provide a CD-277 Consent Letter completed and signed by their Service Worker. To access a blank CD-277 Consent Letter, click here.
For additional information, contact OakStar Bank at 417.447.0535. For more information regarding the Financial Literacy Modules, contact Kelsey Davis (kdavis@oakstarbank.com).
*Only available to youth ages 16-17 currently in legal custody of Missouri Children's Division. Qualifications, restrictions, and limitations apply.
Earn while you learn with the EVERFI Financial Literacy Program!*
For each EVERFI Financial Literacy Module you successfully complete, we will deposit $20 into your account!**
**Funds may take up to one statement cycle to be deposited.
To Get Started
- Go to https://platform.everfi.net/registration/login
- Click "Register"
- Select "Student
- Enter Registration Code (Provided upon Account Opening)
- Complete Pre-Course Survey
- Click on "Banking Basics" to complete your first module!
- Once you have completed a module, email Kelsey Davis at kdavis@oakstarbank.com or call 417.447.0535. You can work through multiple modules or contact Kelsey after each one is completed.