Maybe you’ve showed your kids how to spend wisely and how to save through a piggy bank. Now that they’re teenagers, they have to learn new money skills such as earning money and managing it. It's now time to teach them how to use a bank and how to open a savings account.

While your teens may be excited about making money from their first job, you also have to teach them not to spend it all. Whether they’re flipping burgers, bussing tables, or babysitting, saving is an important lesson in financial stability.

When introducing your kids to the world of banking, you’ll need to...