iCan (formerly "Global") Account Spectrum has put together a useful package, specifically addressing the needs of college age young adults, which includes the 'iCan' checking account (accessible via the internet worldwide) with a low minimum deposit, as well as a hefty discount on specific loans. This full 1% loan discount is great for financing technology purchases, vehicle loans or pretty much anything the account holder may qualify for. If you currently have a checking account at another financial institution, you may switch your checking account to Spectrum by following the instructions on this secure Checking Account 'Switch Kit'. See below for details or click here to download the pdf file (7,000K) of the brochure. Age required to open: Ages 18 - 25 Minimum deposit required to open the iCan Account: $50 Monthly Service Fee: FREE Dividends Paid: NOT APPLICABLE Account features: 1% discount on consumer loans (except VISA® and mortgage loans) Student Educational Loan available First order of checks FREE Special Scholarship Program Withdrawals in person, by ATM, SFCU VISA® check card (subject to approval), SAM-24, PAL (pc banking) or through the Shared Branch Network Access through share drafts (checks) Deposit in person (in-branch or through the shared branch network), by mail, or automatic payroll deposit Overdraft protection from savings or line-of-credit May set up automatic loan payments from this account Additionally, members' funds are secure and guaranteed. The National Credit Union Administration (NCUA) insures the cumulative balances of Share/Checking/Club and Share Certificate accounts up to $100,000 (IRAs insured separately). Additional Share Insurance deposit coverage up to $250,000 on all credit union deposit accounts currently being insured by the NCUA is covered by American Share Insurance (ASI). This brings the total amount insured to $350,000.