If you’ve worked hard to save up for a big purchase, but you’re still having a tough time coming up with enough money to cover it, you’ve come to the right place. We’ve put together a list of some of the best debit cards for middle school and high school students, including several that offer potentially life-changing rewards like a free iPad or a $500 cash bonus. ~K-POP~
If you’re a parent (or a student) and you need a debit card, you’ve got a lot of options to choose from. Debit cards are great for cash withdrawals and purchasing items in person. However, they’re not good for online purchases, and the fees associated with them can be expensive. That’s why we’re here. We know that finding the perfect debit card for you, your child, and your family can be tough. Fortunately, we’ve done all the hard work for you by rounding up the best debit cards for kids and teens.
Last month’s installment of this series covered the best debit cards for college students. This time, let’s look at the best debit cards for kids. Again, the list is much shorter than the one for college students. If you’re looking for a card that can help your child save money, check out this list.. Read more about credit or debit card for teenager and let us know what you think.
|Full disclosure: When you click on links and are accepted for goods from our advertising partners, we may get financial compensation. On APYGUY, our authors’ opinions and product recommendations are their own and have not been influenced, vetted, or authorized by any advertiser. Find out more about how we generate revenue.|
When looking for the best debit or prepaid card for your child or adolescent, there are a few important characteristics to look for. Low costs, parental restrictions for reloading money, and spending activity monitoring and management are all critical.
However, depending on your children’s age, you may wish to add services like automated bill pay or mobile direct deposit. These are useful if your adolescent works part-time and has bills to pay on his or her own, such as a mobile phone, iTunes, Netflix, and so on.
We took the following factors into account while creating our list of the best debit cards for kids and teens:
- Which debit cards are ideal for families with numerous children or teenagers?
- What are the costs – monthly fees, cash reload fees, ATM fees, and so on?
- Which debit cards provide the most protection?
- Which debit cards provide you the most control over your children’s spending?
- Which deals are accompanied with the greatest app and/or web experience?
- Which debit cards have the most appealing artwork?
- Is there any interest paid on the account’s balance?
- Is there an investing component to the account?
If you’re thinking about getting a debit or prepaid card for your kid or adolescent, you’ll want to check out our detailed analysis of the top choices below.
This article will teach you how to:
greenlightcard.com is the source of this picture.
The Greenlight debit card for kids is one of the most popular offers on the market and is perfect for teaching your children all the basics of earning, spending, and saving their money.
Facts to Know:
- The target age group is 8 to 22 years old.
- Cost: $4.99 per month for up to five children’s debit cards.
- For Parents: Chore management app, automatic allowance transfer, instant money transfer to children’s accounts, real-time transaction notifications, ATM parental controls, ability to switch card(s) on and off, store specific spending controls, open investment accounts for children and approve every stock trade, and more.
- Set personal savings goals, prepay interest on saves, save your change with Round Ups, invest in stocks (with parental permission), contribute own money through direct deposit (if employed), make unique card designs with pictures, and more for kids.
Greenlight allows you to create a task list for your kid to do in order to earn money and other benefits. In addition, you may set up automatic allowance transfers on a weekly or monthly basis, or give your children a predetermined amount of money each week. You may also use the app to make an immediate transfer to your child’s account if you need to finance it quickly.
When your kid spends money, you’ll get a notice that their card has been used only a few minutes later. You’ll be kept informed and have a voice in how your child spends their money, but your children will be learning important lessons as they monitor their spending and save and develop money management skills. Greenlight cards allow kids to spend their money wherever Mastercard is accepted, even buying shares.
Greenlight subscriptions are $4.99 a month for the whole family, including up to five children’s accounts.
You can learn more at about the Greenlight Debit card for kids on their website.
current.com is the source of this picture.
Facts to Know:
- The target age group is 13 to 22 years old.
- The cost is $36.00 per adolescent each year. Premium accounts are now $4.99 per month.
- For parents: Receive purchase alerts, establish spending restrictions, assign tasks, and ban certain merchants.
- For Kids: No overdraft fees up to $100 with Current premium, get paychecks up to two days early with Current premium, and earn up to 15x points at over 14k places throughout the US, redeemable for cash in your Current account.
You and your child will both love the Current debit card for teens. They will love the freedom to make purchases just about anywhere and save more effectively with round ups and savings goals, and you will love being able to keep them safe wherever they are using their card.
Set spending restrictions, assign tasks, pay allowance, and transfer money to your adolescent with ease with this card. When your kid uses their card, you will be informed instantly. The Current app is simple to use and navigate, which makes it ideal for educating your adolescent about banking without the hassles of a complex design. You may also prevent your kid from using this card at certain businesses.
The cost is $36 per adolescent each year. There are no monthly minimum balance, overdraft, or transfer fees. This card may be used wherever Visa is accepted, including online.
You may learn more about Current by reading our in-depth review.
famzoo.com is the source of this picture.
Facts to Know:
- The target age group is 6 to 22 years old.
- Cost: $5.99 a month for up to four debit cards, or $30 if you pay in advance for a year. There is a one-month free trial available.
- For Parents: Receive alerts for all purchases, establish spending restrictions, transfer money around family members, IOU accounts to monitor how much you owe each child, automatic accounting for allowance and chores, and the option to add loans to your child’s account (s).
- Financial literacy resources for children.
The FamZoo Family Pack of Prepaid Cards allows parents to regulate how and what their children spend money while also providing chances for youngsters to learn about money management. FamZoo accounts utilize private family banking systems to provide youngsters with parent-directed hands-on learning opportunities.
Parents are “bankers” and their children are “account holders” with FamZoo. Parents may set up a payroll for their children, lend money to them, set up automatic allowances, and even pay interest on their savings.
This virtual family bank is suitable for families of all sizes and may be tailored to fit the requirements of your children. FamZoo is simple to use for both parents and children, and the prepaid cards may be used securely anyplace that accepts Mastercard.
If you pay monthly, FamZoo accounts cost $5.99 per month, but if you pay in advance, you may save money. If you pay for a year in advance, the monthly cost will be approximately $3.33. The first four debit cards are free, but after that, each card costs $2.
In our FamZoo review, which you can see here, we go into further depth.
busykid.com is the source of this picture.
Facts to Know:
- 12–18 years old is the target age group.
- For one card, the cost is $19.99 each year. Each extra card costs $7.99 per year.
- For Parents: Chore management app with tasks pre-loaded depending on your child’s age (which may be modified), linking checking account and releasing money after chore(s) are done, matching savings in child’s saving account
- For children, money is divided into three categories: save, spend, and share. Parents may match your savings in your’save’ bucket, invest in real stocks, and donate to charity in your’share’ bucket.
The BusyKid Visa Prepaid Spend Card may be of interest to you if your kid is between the ages of five and sixteen.
BusyKid allocates money to your kid based on tasks so that they can see precisely where their money comes from and where it goes. You may establish rates for various tasks, and your children can check them off as they are completed and see when they will be paid. BusyKid users like how the system instills a feeling of responsibility and ownership in their children when it comes to spending and saving.
Your children may choose to spend, give, or invest their money after they have been rewarded for their tasks. Stockpile allows kids to invest in actual businesses like Netflix and Nike, and they may give a portion of their profits to charity of their choosing. Before any purchases or expenditures are made, parents must authorize them.
BusyKid prepaid debit cards may be used wherever Visa is accepted, including online. An yearly membership to BusyKid costs $19.99, which includes a free card. The cost of each extra card is $7.99 per year.
This works out to $1.67 per month for one kid and $2.33 per month for two.
If you want to understand more, you can read our review here.
getcopper.com is the source of this picture.
Facts to Know:
- 18–22 years old is the target age group.
- Cost: nothing
- For Parents: Free debit card for kids and adolescents with a digital checking account, real-time monitoring of debit card usage, regular deposits, and requests and transfers of money across connected accounts.
- For Kids: The app includes fun financial literacy tests, as well as the ability to earn interest on your money (albeit just 0.001 percent APY currently).
Copper debit cards are intended to help your adolescent develop healthy financial habits without being too restricted or imposing penalties for errors like overdrafts. Copper debit cards may be used wherever Mastercard is accepted, both online and in person.
Copper gives your kid the skills they need to make informed financial choices for themselves, as well as power over their own accounts to put what they’ve learned into practice. They will also have access to professional guidance and will be able to take quizzes to assess their understanding.
The Copper app gives you a clear, complete picture of your teen’s spending and saving habits, as well as the ability to establish savings goals and manage their money all in one spot. You may also set up automatic payments into your child’s account so you don’t have to worry about money transfers as a parent.
Copper does not need a minimum deposit or an annual fee to open.[Update April 2021: Since its start in 2020, copper has shown steady increase. As of April 2, 2021, its CEO and founder stated that they have exceeded 130,000 subscribers.]
Copper’s CEO/Founder will be announced on LinkedIn on April 2, 2021.
Copper is also having an offer where you may contribute $3.00 to each of your friends (which Copper will cover) and earn $3.00 if they join up.
More information may be found in our review.
akimbocard.com is the source of this picture.
Your older children may learn the intricacies of banking in a low-risk setting with an Akimbo prepaid Mastercard. This card offers your teenagers complete freedom over their money while still allowing you to decide what they can and cannot spend. Your teen’s card account will be a sub account inside your own, allowing you to choose how much money to put on his or her card.
While Akimbo doesn’t have all of the bells and whistles of some of the other kids cards and apps on our list, it’s the closest you can come to giving your child a legitimate debit card without giving up your ability to monitor and assist them. You’ll be informed when they spend their money, as well as what they spend it on, as the account manager. This is ideal for parents who wish to assist their children in learning financial literacy.
Up to four prepaid cards are allowed per Akimbo account. There is no charge on a monthly basis. Reloading your card, on the other hand, may cost up to $5 each time, while ATM withdrawals cost about $2 apiece.
gohenry.com is the source of this picture.
The Gohenry debit card is for children aged six to eighteen, but it’s ideal for parents who want to start educating their children about the need of smart budgeting while they’re young.
The Gohenry app lets you set up an automatic weekly allowance for your child and you can also add chores and set a price for these to let them earn more. Then, you set limits on how much your child can spend in a given week or trip and change these as needed. Your child can save, spend, or donate their money to Boys & Girls Clubs of America. They can set as many savings goals as they want for larger purchases.
Each child’s Gohenry account costs $3.99 per month. Because costs are paid per kid, this card is a bit more expensive than some of the others on our list, but it’s ideal for small families. These cards may be used wherever Mastercard is accepted, including online.
For more details, read our entire review.
capitalone.com is the source of this picture.
A Capital One MONEY adolescent checking account is a wonderful option for kids and teenagers who have already mastered the fundamentals of money management and are ready for greater financial independence. This account is open to children aged eight and above.
Your kid may use the Capital One MONEY app to keep track of their earnings and expenses, as well as establish savings goals in several areas. You have the option of rewarding them with bonuses if they achieve these objectives. You may also lock your child’s card immediately in an emergency.
With this account, there are no monthly fees or account minimums. To enroll their kid in MONEY, parents do not need to have a Capital One account. This account pays a 0.10 percent annual percentage yield on all balances.
serve.com is the source of this picture.
Despite not being promoted as a teen product, the American Express Serve FREE Reloads prepaid debit card is ideal for educating your adolescent financial literacy.
A FREE Reloads debit card has no minimum monthly amount and may be used and reloaded at over 45,000 ATM and retail locations for no cost. This card promotes independence while providing all of the benefits and protections of a real debit card by giving your kid a set amount of money and enabling them to determine when and how to use it.
This account has a $6.95 monthly fee that cannot be waived. A card may be purchased for free online, but it can cost up to $3.95 at a store. These may be used online or anyplace else that accepts American Express. Your adolescent will need their own American Express bank account to minimize transfer costs, and many parents opt to connect it to their own.
alliantcreditunion.org is the source of this picture.
If you like the popular credit union, fee-free banking, and easy-to-use platforms, you may want to look into obtaining an Alliant Credit Union free teen checking account. Teenagers between the ages of 13 and 17 may create an account.
This checking account is one of the finest choices for providing a complete banking experience that is both secure and beneficial to your adolescent. Parents can set ATM and spending limits for their teens and transfer money between accounts at no cost (you must enroll in eStatements and make one deposit per month into their account to access this feature). Teens can set their own budgets and earn interest up to 0.25 percent APY when they save (you must enroll in eStatements and make one deposit per month into their account to access this feature). Furthermore, the Alliant mobile app regularly receives five-star reviews.
They also offer a kids savings account with an APY of 0.55 percent if you want to earn even more money. To put this in context, the national average APY is now 0.07 percent.
This account has no minimum monthly balance requirement or monthly charge. Access to over 80,000 free ATMs, up to $20 in monthly ATM refunds, and the ability to make contactless Visa transactions are just a few of the benefits available.
step.com is the source of this picture.
Step is a mobile app and debit card founded by former Google and Square employees. Step, like the other debit cards and apps on our list, enables parents to keep track of their children’s spending and transfer money to them on the move.
Step’s banking services are provided by their partner-bank, Evolve Bank & Trust, which also allows Step to leverage their FDIC coverage.
Step accounts are secured with bank-grade encryption and authentication, and the debit card benefits from fraud protection and a zero-liability guarantee since it is a Visa. To discover more, read our whole review.
verizon.com is the source of this picture.
Verizon announced the introduction of Family Money, a personal financial app for kids, on June 15, 2021. The family-focused financial solution was developed in collaboration with fintech company Galileo and includes a “spending account,” a “savings vault,” and a prepaid debit card provided by Metropolitan Commercial Bank. Parents may use the app to keep track of their child’s spending, establish spending restrictions, and halt or freeze the card if it is lost or stolen.
This product is available to families that are not Verizon subscribers. It’s available on Google Play and the Apple App Store. After you download it, all you have to do is establish a Verizon Family Money account and connect a verified bank account. After that, you’ll be given a 30-day trial period.
The service auto-renews for $5.99 per month at the conclusion of the 30-day trial period (so set a reminder if you don’t intend on paying!).
The $5.99 cost will be deducted from the parent’s Wallet in the app, rather than being charged to your Verizon account (if currently a customer). To establish a parent profile on the app, you must be 18 years old or older, and Verizon says that kids accounts are for youngsters aged 8 to 17.
The Jassby virtual debit card for children provides all of the safety and convenience that a children’s card should, plus the additional security of being completely digital. Because parents have full control over when and for whom the card is activated, this card is ideal for households with several children. When the card is active, it can only be used.
Because the Jassby virtual card is stored on your child’s phone, you won’t have to worry about them losing a physical card, and they can use it anywhere. You may pay your kid an allowance and chores using the Jassby Family Finance app without paying any costs.
This account has no monthly cost for the first six months and afterwards as long as the card is used once per month (otherwise, the monthly charge is $2.99). This card may be used wherever Mastercard is accepted, including online.
A Mango prepaid debit card stands out as a standout choice since it allows you to connect your card to a high-interest savings account.
This account offers a number of advantages, including the fact that it can be established even if your adolescent doesn’t have their own bank account. With a $25 deposit, your adolescent may establish a connected Mango savings account and earn up to 6% APY (to qualify for this rate, your kid must make signature transactions totalling $1,500 after creating the account and maintain a minimum monthly balance of $25 after).
You may load money onto your teen’s card from a partner store like Walmart or Walgreens or add cash from your own bank account.
There is no price for activation, however there is a $5 monthly fee and a $3 ATM withdrawal fee. This card may be used wherever Mastercard is accepted, including online. When you activate this feature in the app, Mango may be used virtually from your phone.
Another newcomer to the list is Till Financial. This collaborative family banking platform and debit card is primarily and foremost a savings and budgeting tool, although it also include a debit card linked to the child’s “Spend Balance.”
Till was named the Best App for Teaching Teens to Budget in 2021 by U.S. News & World Report.
In our complete evaluation of Till, you may discover more about him.
The Navy Federal Credit Union or TD Bank provide the Visa Buxx Card, which is a basic debit card for youngsters and adolescents. To open a Visa Buxx Card with NFCU, you must first be a member of the credit union, although membership is accessible to anybody in the United States. Both cards allow parents to monitor spending as well as refill their child’s card from their phone. The Buxx Card from Navy Federal Credit Union comes in a variety of designs, while the Buxx Card from TD Bank does not.
The renowned financial services company Fidelity Youth Account was recently established in May of 2021. It includes a free PNC bank debit card as well as the opportunity to save and invest. The types of assets that children and teenagers may invest in are restricted, and the product includes strong parental controls and features. More information may be found in our comprehensive review.
Chase First Banking is one of the more recent additions to the list, and it is exclusively accessible to existing Chase clients. This product was released in 2020 in cooperation with Greenlight and is aimed towards children from 6 to 17.
Although children under the age of 17 are eligible, the product does not allow for direct deposit, so if your high school student(s) earns their own money, Chase First Banking will not be a good match.
Nonetheless, the program includes a lot of useful parental controls and features (most or all of which are powered by Greenlight). More information about them may be found in our Chase First Banking review.
The Kachinga prepaid debit card, like the others on our list, comes with a chore app that allows parents to monitor work completion, set alarms and spending restrictions, as well as educate kids basic financial literacy.
The app and card costs $36 a year per kid, which is a little more expensive than some of the other choices on our list with more features.
Parents control the Mazoola Virtual Mastercard debit card for their children, which costs $9.99 per month for the whole family. They also charge a 1% purchase fee and a loading fee of $0.11, making it a more expensive product to use than the other choices. More information about their fees may be found in our complete evaluation.
As a parent you can activate a virtual and secure debit card for each child and create flexible and individual spending controls. You can also assign & track chores and the rewards for completing them and set up automatic allowance payments. You can also provide them with financial literacy resources, but you can not require them to read before unlocking allowance. Wouldn’t that be neat. For kids, you can use Apple Pay, set savings goals, manage chores and shop online (with restrictions). You can also make p2p payments to friends and family.
Wingocard was introduced in May of 2021 and has rapidly gained momentum, with over 75,000 users on the platform to date.
They now only have an iOS mobile app, but they want to release an Android version shortly.
Read our entire review to learn more about this up-and-comer.
Goalsetter and the Cashola debit card are a family banking solution focused on education. It includes a savings account and a debit card, as well as some entertaining quizzes that may earn you cash and are aligned with financial literacy requirements. Your tween may take quizzes before using their debit card using “Learn before you burn.”
There is no ideal age when all children are ready for their own debit card. This is a decision that parents and guardians must make, and it is based on when a child has shown that they are responsible enough to get a card.
Giving a debit card to a child should be delayed until they are earning money, according to several experts. The concept is that if a kid earns their own money instead of relying on their parents, they will be more driven to spend it properly and save as much as they can. They will be in charge of their money.
It makes little difference whether a child receives an allowance, saves money received for birthdays or holidays, or earns money from a job. Kids often begin earning money around the age of ten or twelve, so now is a good time to start thinking about kid-friendly debit cards.
Users as young as 5 may join certain financial products targeted for children, such as the BusyKids Visa Prepaid Spend Card. A minimum age of 8 years old, on the other hand, is more frequent. There are also many cards made especially for teenagers that do not allow anybody under the age of 13 to register.
It’s also a good idea to offer your kid a debit card once they’ve got some practice managing cash. They will feel more at ease managing a debit card and spending money in the real world this way.
Many kids’ debit cards include built-in safeguards to keep them safe from anything from overdrafts to potentially hazardous purchases. Prepaid debit cards are safer for youngsters to carry in many ways than cash, which is easily misplaced. Furthermore, these tools enable parents to be more proactive in teaching their children and assisting them in learning how to handle their money. Rather of giving over cash and hoping their child makes good decisions, parents may monitor their child’s activities and see learning opportunities in real time.
The majority of prepaid debit cards for children are not linked to bank accounts. Prepaid debit card users may spend freely online and in most places, but they must first load money onto their card before they can use it. Despite the fact that prepaid debit cards do not have bank accounts, they are often covered by maximum FDIC coverage via partner financial institutions.
Prepaid debit cards are generally considered to be safer than conventional debit cards and checking accounts. This is due to the fact that prepaid cards do not enable users to spend more money than they have on their cards, while conventional debit cards and checking accounts may be overdrawn if a person is not cautious. Overdraft fees are nearly always charged, and they may go as much as $30 each occurrence.
Prepaid debit cards, on the other hand, may come with a variety of costs. Fees like as ATM costs, subscription fees, reload fees, maintenance fees, and transfer fees should all be avoided. When evaluating your choices, bear in mind that few accounts or cards are really free.
You don’t need to give your child both a checking account and a debit card, particularly while they’re learning the fundamentals of money management. Although both products are similar, prepaid debit cards are more child-friendly and allow for greater cooperation between children and their parents.
When selecting a debit card for your kid or adolescent, consider precisely what you want for them.
There are a lot of choices out there now, with more coming out almost every month, but not every kid-friendly debit card will have all of the features you need. Consider how much experience your kid has and what you want them to learn the most. Better yet, have this discussion with your kid.
Take a look at the most important aspects to think about.
Features of a Savings Account
Many children’s debit cards enable them to save and spend money all in one place. They may do so by enabling customers to select how much money they want to save and how much money they want to load onto their prepaid card. In such situations, the money saved does not move into a separate savings account and is available at all times, but it cannot be used right away with the card.
This is the most fundamental method that a product may help you save money, but there are a variety of other savings options available. Some debit card systems, for example, allow users to set specific savings objectives and track their achievement.
Some systems even allow parents or account holders to provide incentives to users who contribute to a goal they set for themselves, pay interest on savings balances, or pay their kid straight into their savings account (bypassing the spend card). If you want your kid to earn interest on their money but don’t want to pay it yourself, an interest-bearing product like the Mango Prepaid Debit Card may be a good option.
On the other hand, some products either do not allow for saving at all or segregate money that may be spent from money that is being saved. If a kid wishes to save money on such sites, they must abstain from spending. This may be more difficult for your kid, particularly if they have little prior experience with money management.
If you want to encourage your kids to save their money for bigger purchases and ambitions, a debit card and platform that promotes saving in a number of ways is definitely the best option.
Features of Allowance and Budgeting
Is it essential to you to be able to give your kid an allowance and pay them for chores in the same place?
Many kids’ money management apps focus on tasks; parents may assign duties to their children to encourage them to take responsibility of their finances, and children can earn money for themselves and begin to learn the need of budgeting and restraint.
All of this is to suggest that financial solutions for children, particularly those aimed at children aged 6 to 13, often include task management features. The degree of difficulty varies. Here are some questions to think about while you go through your options:
- Do you want to be able to make your kids do specific tasks or offer them a choice from a list of options?
- Do you want to establish repeating tasks that cost the same amount every time or set fixed rates for each one?
- Do you want to approve tasks as they are completed, or do you want to pay your kid immediately when they mark a job as completed?
Instead of or in addition to paying your children for specific tasks, you might give them a weekly allowance. This feature is not available in all applications, so choose carefully.
You’ll probably want a product with budgeting capabilities if you don’t want your kid to spend all of their money in one location. Setting spending restrictions for your kid may seem like the greatest approach to prepare them for success in the real world. After all, no one knows your child better than you, and many children’s financial platforms agree.
Controls for Parents
If keeping track of your child’s spending and saving habits is essential to you, search for a tool that makes it simple to do so.
You should also consider your level of involvement. Begin by asking yourself the following questions:
- Do you want to authorize your child’s purchases and transfers, or do you want to let them make their own decisions?
- Do you want them to be able to make their own budgets or do you want to impose spending restrictions for them?
- Do you want to be able to make payments into your child’s account automatically or do you want to make transfers manually each time?
- Do you wish to be notified of their activities in real time through push notifications?
Consider parental duties as well as parental restrictions to assist your children develop into prepared and informed spenders.
The majority of children’s financial products need parents or guardians to deposit money into their child’s account. Frequently, this entails financing their primary account and then moving funds to their children’s accounts from there.
This implies that you should consider which financing alternatives are most convenient for you. Every product’s fine print should be read. If you’re searching for a certain kind of financing, be sure it’s accessible (you’d be shocked how many accounts don’t allow cash reloads or direct deposit transfers). When it comes to financing, some solutions are very restrictive, allowing just ACH transfers or card transactions.
Examine how many account managers a product permits. It’s critical to locate a solution that allows you and your co-parent to have equal access to your child’s account. Some have stringent one-parent rules, while others are more lenient when it comes to adding additional adult users and may even allow family members to join.
Stocks and Investments: An Overview
There aren’t many financial solutions for kids that enable them to invest in actual businesses, but narrowing down your choices to just those that do may help you sort through the ever-growing list.
For a variety of reasons, the Fidelity Youth Account and the BusyKid Visa Prepaid Spend Card made our list, but one of them was the opportunity to invest. Giving children the chance to invest may demonstrate to them that money management is more than just spending and saving. You may either assist them in making their financial decisions or leave them to their own devices.
You may also enjoy the concept of your kid making a charitable donation. Apps that enable children to contribute usually do so by pre-selecting a selection of trustworthy charities and allowing users to donate to them. Users may then give a percentage of their total balance or make fixed-amount contributions.
Parents may take it a step further by rewarding account bonuses when their children choose to contribute to charity on their own. Some applications also allow children to set up contribution objectives in the same way that they would set up savings goals.
Financial Education Resources
If you want to obtain your kid a debit card so that you can teach them healthy financial habits, you should prioritize financial literacy materials.
Although many financial platforms for kids and adolescents provide financial literacy tools like blog articles and online resource libraries, others go above and beyond. Several, for example, offer curated quizzes to assess a user’s knowledge of different subjects. The Goalsetter Debit Card, for example, allows parents to keep their children responsible by forcing them to complete and pass exams before they can use their spend card.
It is up to you, as a parent, to determine how you want to assist your children in acquiring money management skills. You may take an active part in your child’s education by working with them to research subjects, establish budgets, and develop healthy habits, or you can take a hands-off approach by providing your children with the tools they need to become financially independent as well as chances to practice.
Certain debit cards for children encourage parental engagement more than others. Your children’s resources should be simple to use, age-appropriate, and engaging enough to retain their attention. Look for a platform that has a lot of free tools that fits with your budget.
What are the best debit cards for kids? We’ve done the research so you don’t have to.. Read more about debit card for under 18 and let us know what you think.
Frequently Asked Questions
Whats the best debit card for a teenager?
The best debit card for a teenager is the Discover It Card.
What is the best childrens debit card?
The best childrens debit card is the Discover Kids Debit Card.
What are good debit cards for kids starting off?
The best debit card for kids is the Discover It Miles. This card offers a low annual fee and no foreign transaction fees, which makes it perfect for international travel.
This article broadly covered the following related topics:
- debit card for 17 year old
- debit card for kids under 13
- debit card for kids
- debit card for under 18
- debit card for teens