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$0
Monthly maintenance fee
$0
Signature transaction fee
$0.99
PIN transaction fee
Card type | Credit |
---|---|
Card network | Mastercard |
Monthly fee | $0 |
Signature transaction fee | $0 |
PIN transaction fee | $0.99 |
Additional Cardholder Fee | $4.95 |
Review by
Rhys Subitch is a writer and editor at Finder who tackles topics across the site. With half a decade of experience researching, editing and writing for a Fortune 500 company, university and several independent publications, Rhys brings readers the most up-to-date and curated info on all things finance.
It’s ideal for those who want to take control of their budget by using separate cards for things like groceries, gas and entertainment. Or for parents who want to divvy out separate cards to kids and teens. Just keep in mind that it’s missing key features found in most prepaid cards for kids and teens. Akimbo doesn’t have any chore management integrations, so you can’t assign and track tasks in the app. And you can’t control how and when your child spends their money. For these reasons, it’s best for teens who are already financially responsible and need little supervision.
You can apply for an Akimbo account online at any time.
To open an account you need to be a US citizen and at least 18 years old. Authorized users must be at least 13 years old.
To sign up you’ll need to provide your:
Prepaid debit cards come with limitations, and you may find that Akimbo isn’t as robust as other setups. Similar to other prepaid debit cards, you won’t earn interest on funds moved to your Akimbo cards and only one person can manage the account. Other drawbacks include:
If you prefer a more comprehensive task-management solution for allowances and chores, compare your prepaid debit card options.
You can fund your main account in a few ways. Reloading via check or cash may cost extra.
Cards arrive five to seven business days after your information is verified.
Once you’ve got your card in hand you can: