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Sep 4, 2024 · Some of the best free debit cards for kids that don't charge any monthly fees include Step, Current, Cash App, Axos, Chase, Revolut and more.
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Are there debit cards for kids?
Should I get a free debit card for my child?
Where can I get a debit card for my child?
What are the best free debit cards for kids?
Aug 30, 2024 · Popular banks such as Capital One, Chase and Axos and credit unions like Connexus and Alliant offer fee-free debit cards and checking accounts for kids.
- Jacob Wade
- Banking Expert
Aug 21, 2024 · An 11-year-old can get a debit card through a debit card for kids app or by opening a bank account with a parent or guardian as a joint or custodial account. Search for an account that offers low or no fees, and provides parental control and limits.
- Free Debit Cards For Kids and Teens
- Top 5 Paid Debit Cards For Kids and Teens
- What to Look For in A Debit Card For Kids
- How to Teach Your Kids About Money
- Frequently Asked Questions
Ready to give your child real-world experience with managing money? Check out these debit cards for minors, including options for kids ages 13 years and younger.
Free debit cards for kids are obviously a great value. But if you want more advanced features, like investment services, be sure to check out your paid options. Are these debit cards worth the monthly fee? Compare these top 5 banking apps for kids and teens to find out.
When choosing a debit card for your kid, there are a lot of factors to consider. Take some time to decide which features are most important to you. It'll make it much easier to compare your options if you already know what you want. Here are some important factors to consider in a debit card for kids and teens.
Learning about money is a lifelong journey. Your kid will continue to improve their understanding of personal finance as they grow older. Not sure how to start talking to your kid about money? Here are 5 good places to start:
What kind of accounts can I open for my kid?
There are a range of different bank accounts and investment accounts you can open for your kid. These include: Checking These accounts come with a debit card for your kid to access their money. This is a great place for your kid to earn money through allowances or direct deposit. You can access your money easily and securely without spending more than there is in the account. Savings Savings accounts help your kid put away money for the future. This is perfect for building an emergency fund o...
Are debit cards for kids safe?
When opening an account for your kid, it's crucial to do your research. Look for debit cards with these important features to keep your kid and your money safe: FDIC or NCUA Insurance Be sure any banking services you sign up for are insured by the FDIC or NCUA. The FDIC is a government agency that protects your bank deposits up to $250,000. If the bank fails, your money will be protected. The NCUA offers the same protection for credit union accounts. COPPA Compliance COPPA, the Children's Onl...
Can my 11-year-old have a debit card?
Parents often wonder how old their kid needs to be before they can get a first debit card. The short answer is: it depends. Many banking apps offer debit cards for younger kids, with no minimum age to get started. Some accounts require that your teen is at least 13 years old. Every account is different. Be sure to double-check the age requirements for the debit card you're interested in. If your kid is younger than 13, rest assured you'll have plenty of options to choose from. Many banking ap...
- Axos First Checking. Best for: Ages 13 to 17. What we like: Peer-to-peer transfer capabilities. The Axos First Checking account is an online-only joint account for teens and parents.
- Capital One MONEY Teen Checking. Best for: Ages 8 to 17. What we like: Separate mobile app experiences for teens and parents. The Capital One MONEY Teen Checking account is an online-only joint account for teens and parents.
- Fidelity Youth Account. Best for: Ages 13 to 17. What we like: Spend, save, and invest in one place. The Fidelity Youth Account is available to teens whose parents have a brokerage relationship with Fidelity.
- Alliant Credit Union Teen Checking. Best for: Ages 13-17. What we like: Attractive interest rate. Alliant Credit Union’s Teen Checking account offers an interest rate that’s over double that of some of the other accounts we’ve mentioned here.
Capital One MONEY Teen Checking. : Best for no overdraft fee. Axos Bank First Checking. : Best for no debit card replacement fee. MPH Bank First Student Checking. : Best for no monthly...
Aug 23, 2024 · Best overall. Greenlight Debit Card for Kids. Learn More. Best for financial literacy tools. BusyKid Debit Card for Kids. Learn More. Best security features. GoHenry Debit Card for Kids....
