With more shopping done online, the days of giving children a cash allowance are behind us. Bank accounts designed for children are making it easier for parents to navigate the new digital world. To help parents pick the right card, here are the best prepaid debit cards for kids and teens,...
Guide to kids’ banking Debit cards for kids Free debit cards for kids Kid’s savings accounts How to open a bank account for kids Allowance guide Kids’ chore calculator How to teach kids about money Find a bank account We compare the following prepaid cards for kids & teens Greenlight...
We compare the following prepaid cards for kids & teens Bank accounts for kids & teens Regardless if you go for a joint account to teach your kiddo more responsibility or a custodial account to manage your little one’s funds for them, look for a savings account with high yields and low ...
Anything adults can do with debit cards or prepaid cards, kids can do as well! There are many types of debit cards and prepaid cards out there. These come with different features and packages as advertised by the vendors, banks, or financial institutions. If you are a kid that has come ...
When choosing a debit card for your kid or teen, you may think that any card will do, like a prepaid card. However, some cards have features that make them better for kids than others. Debit cards for kids vary in features depending on the company that provides them. Still, they all ...
Parents can choose to manage their kids’ funds in eitherprepaid card accountsor IOU accounts. The prepaid cards allow kids to spend the money directly (with parent oversight). You can also choose to set up IOU accounts to keep track of the money you’ve spent on your kids’ behalf or ...
Best prepaid debit cards of January 2025 Best overall prepaid debit card: Greenlight Debit Card For Kids Best for overdraft protection: Netspend Prepaid Card Best for receiving federal benefits: Direct Express Prepaid Debit Mastercard Best for no fees: Cash Card Best for credit card-like perks: Bl...
Many prepaid debit cards for kids also have additional features, to help children learn about budgeting and saving. If this sounds like something you’d be interested in for your child, here are a few options to check out: NatWest Rooster Money- a pocket money app and prepaid debit card ...
Best for:Financial education resources Minimum account balance:$0 Spending roundups:No Allowance and chores:Yes Investment option:No Fees:$5 per month per child, or $10 per month for up to four children Like FamZoo, GoHenry provides prepaid debit cards for kids. Since the card does not have...
Can Kids Have Their Own Debit Cards? Yes. Parents often set their kids up withreloadable prepaid debit cardsbefore opening their first bank account. With strict parental controls and all-ages availability (versus 13 and up for many kids checking accounts), a debit card is a good first step ...