13 Best Debit Card for Kids and Teens 2023

Getting the best Debit card for kids is the most terrific way to introduce children to the concept of financial responsibility at an early age, but selecting the right card for your child may be a challenge. A number of important factors are worth thinking about. It’s important to choose a service with cheap costs and parental controls so you can keep tabs on money and spending.

There are two types of debit cards available: those that need no associated bank account and those that are tied to a checking account. Before you get your kids a debit card, it’s important to know the difference.

Best Debit Card for Kids and Teens 2023

You may find a wide variety of best debit cards for kids and teens 2023 to select from. On this Reuters Business page, you’ll find information on the most reliable debit cards for kids in 2023.

Greenlight Debit Card

  • There is no minimum age to use a Greenlight debit card
  • The cost is $4.99 – $14.98 per month
  • One month free of charge

For young people looking to learn about budgeting, saving, and investing, one of the best teen debit card is the Greenlight debit card. Your child’s usage of the card will be monitored thanks to the card’s built-in parental controls and the accompanying alerts you’ll get. Not only that, but there is no age restriction placed on those who participate.

To help your youngster earn some spending money, you may use Greenlight to make a list of chores. If you like to provide your children with a regular sum of money, you may establish weekly or monthly allowance deposits.

You may choose from one of three available options. Greenlight Core may be subscribed to for as little as $4.99 per month. Greenlight Max’s monthly fee of $9.98 gets you investment options and a host of other perks. Greenlight Infinity is the most expensive membership level. It costs $14.98 per month and gives users all of the benefits of Greenlight Max plus a better 5% Greenlight Savings award. Up to five minor children may each have their own debit card as part of a family membership.

Users may receive 1% cash back on purchases and 1%, 2%, or 5% yearly savings rewards, depending on the plan. You can as well visit the website for registration.

FamZoo Prepaid Debit Card

  • Children must be 13 years or older to get their own individual card
  • Cost: $2.50 – $5.99 per month
  • The free trial period lasts for one month
Read Also  Detailed Guide on how to open a PayPal account in Nigeria

Your kids may practise budgeting with the help of the FamZoo app and prepaid card. In addition to digitally tracking every card activity, you may load funds onto the cards at any time (for a cost of up to $4.95 for immediate choices like cash or digital wallet transfers). Chore money, allowances, and interest on savings accounts may all be pre-set and paid automatically for your children.

FamZoo provides a centralised dashboard where both children and their parents may keep tabs on money being spent. Each child of any age may sign up for a free trial month. After the trial period ends, a monthly membership will cost $5.99, with discounts of up to $3.49 available if paid in full beforehand.

GoHenry Debit Card

  • A minimum age is between 6 and 18 years
  • Prices are $4.99 each month
  • The free trial period lasts for 30 days

Kids between the ages of 6 and 18 can get a GoHenry debit card, but it’s really parents who can get the most out of it as a tool for teaching their children about financial responsibility. With the GoHenry app, you may preload a card for your kid and establish spending limits.

Also, you might give your kid an allowance or other rewards for doing certain chores. You’ll get instant updates on your kid’s spending. You also have the option of restricting the card’s usage to certain establishments. In addition, young people may make tax-free purchases and cash withdrawals abroad, share their paychecks with their pals, and make charitable contributions to organisations like Boys & Girls Clubs of America.

The K-12 Personal Finance Education National Standards are met via the app’s “money missions,” which educate children in financial literacy. You can visit the website for more details.

Copper Debit Card

  • Age requirement for Copper Debit Cards is 6 years old
  • The cost each month is $0.00
  • No free trial available

Debit cards made of copper are great for teaching children about money management. The software includes multiple choice and interactive questions about budgeting, saving, and spending. Copper gives your kid easy access to all the financial tools and information they’ll need to start building good money habits early on.

You may monitor your child’s spending in real time and set up automatic transfers of funds. Copper is a debit card for teenagers that may be used online and at stores that accept Mastercard.

Copper offers no monthly fees, overdraft fees, or ATM fees and no minimum balance requirements. Evolve Bank & Trust is the bank that handles all financial transactions.

BusyKid Spend Card

  • Ages 5 to 17 are eligible for a BusyKid Visa Prepaid Spend Card.
  • Charges: $4 per month bill Annually
  • There is no risk since you have 30 days to request a refund on your free trial
Read Also  Everton keen on signing 18-year-old treble winner

If you’re a parent in need of a financial app that goes above and beyond teaching your child about budgeting, go no further than the BusyKid Visa Prepaid Spend debit card. Through the BusyKid app, your children can earn real money by doing tasks. Allowances may be used as a teaching tool in the areas of saving, spending, donating, and investing.

Donating money to your child’s college fund has never been easier than using the BusyPay QR code. Jassby Debit Card

  • No minimum age to apply for a Jassby Virtual Debit Card; but recommend at least 8 years above
  • Payment of $3.95 each month is required
  • The free trial period lasts for one month

Jassby, the kid-friendly virtual debit card, features an intuitive mobile app that sets it different from the competition. Due to the fact that parents have full access to spending controls through the Jassby Family Finances app, this card is ideal for households with more than one child. Your offspring may learn valuable life skills while earning an allowance by helping around the house and participating in other money-making activities.

Best Debit Cards for Kids and Teens 2023,debit cards for kids, Best Debit Cards for Kids and Teens, Best Debit Cards for Kids and Teens 2023, gohenry debit card, busykid spend card, mazoola debit card, greenlight debit card, copper debit card, famzoo prepaid debit card, jassby debit card, jellicard visa debit card, current visa debit card, kids debit cards, debit cards for teenagers, Best Debit Cards for Kids and Teens 2022, best debit cards for teenagers uk, good debit card for teens, good debit cards for teens, best teen debit card, debit cards for teens, best free debit cards for teens, best debit cards for teens 2022, best debit cards for teens uk, best debit cards for kids 2022, best debit card for teens, best debit cards for teenagers, best online debit card for teens, best debit card for a teenager, best debit cards for teens, Best Debit Cards for Kids and Teens 2023 2022, debit cards for kids under 13, current debit card for teens, top debit cards for teens, best debit card for teenagers, good debit cards for teenagers, best debit card for teens 2022, reuters business, best debit card for kids
Image by Ann San from Pixabay

Jellicard Visa Debit Card

  • Minimum age: 13; maximum age, 18
  • Fee of $2.99 per month
  • No free trial available: N/A

Jelli is a free checking account with no minimum balance requirement that teaches adolescents (13 and older) about personal finance. Your children may use their JelliCard to make purchases and receive cash back, and then use their JelliJars to automatically split their earnings between spending and saving. To facilitate financial transactions inside the family, everyone may use the same JelliJar.

Jelli is a bank account, not simply a credit card, so your money is safe and you’re protected from any losses thanks to Visa’s zero-liability policy.

Mazoola Debit Card

  • No minimum age
  • Charges: zero for the first 12 months
  • Free for a whole year

The use of Mazoola, a mobile wallet and electronic debit card, is free of charge. It has the fundamentals covered, with automated allowances, savings goals, peer-to-peer payments, and tasks.

Mazoola is an app that helps parents monitor their children’s spending and establish budgetary constraints in a way that complies with the COPPA regulations.

Till Debit Card

  • Minimum age 18 years or older
  • The cost each month is $0.00
  • No free trial available: N/A

Till Debit Card provides a financial platform for families with the goal of teaching children to be responsible savers and budgeters. This account provides parents with a number of options for making deposits and allowing family members to access their children’s funds. A parent may create an agreement via the app to stipulate spending limits and payback terms.

Read Also  Tottenham to cash in for enormous defender within few days as player agree

Chase First Banking

  • Students must be between the ages of 6 and 17
  • The cost each month is $0.00
  • No-obligation trial available: N/A

The Chase First Banking Debit Card is a pre-paid card made especially for young people. You must be a Chase client in order to create an account. Chase First Banking provides a mobile app and a card so your children can practice financial management skills, including spending, saving, and earning, at an early age.

In order to teach your kid responsible financial behavior, it’s important that you keep an eye on their spending. You can set different goals for saving, as well as assign tasks and manage allowances.

Withdrawing money from a Chase ATM won’t set you back any fees.

Alliant Teen Checking

  • You must be between the ages of 13 and 17 to apply
  • The charges each month is $0.00
  • No free trial available: N/A

The free adolescent checking account at Alliant Credit Union is aimed at young people under the age of 18. The checking account comes with a debit card, one of the finest tools for teaching young people to manage their money wisely and avoid getting into debt. You can set up alerts to keep track of what your teen buys and limit ATM withdrawals to $100 and purchases to $300 per day.

The parent, who must be a member of Alliant Credit Union, and the adolescent will both have equal ownership in the account. There are no account minimums or monthly maintenance costs, and teenagers may earn reasonably high interest by meeting just the most basic requirements, like as signing up for electronic statements and receiving at least one electronic deposit each month.

With Alliant, you may get up to $20 monthly in ATM rebates and access to over 80,000 ATMs with no ATM fees.

Capital One Money Teen Checking Accounts

  • The minimum age for participation is 8
  • The charges each month is $0.00
  • No free trial available: N/A

Capital One’s Money Account is a debit card for kids under 13 and a no-fee checking account for minors who are co-owners with a parent or legal guardian. Your children may learn about financial responsibility with the included debit card and app.

Interest may be accrued on checking account balance for minors. There are over 70,000 fee-free ATMs around the country where they may get to their money. This account has no minimum balance or monthly maintenance fees.

The Money account may be connected to the parent’s existing checking or savings account at any bank, not only Capital One.

Current Visa Debit Card

  • Eligibility Starts at Age 13years above
  • The charges each month is $0.00
  • No free trial available: N/A

Families may take use of Current’s banking service. While you have full control over your teen’s spending, saving, and budgeting using the app, they still have full independence to do so. Your kid will be able to use Current to make purchases, save money, send money to others, and even make charitable contributions. Furthermore, there is no minimum balance requirement for the account.

Leave a Comment