Our verdict
BusyKid is a well-rounded player in kids banking, offering a suite of tools for saving, giving and investing. Parents can pay their kids for doing chores and stash away money into savings. What's more, parents can match what kids put into their savings up to 100%. Kids can also start investing from over 4,000 stock and ETF options – without having to upgrade to a plan like other competitors require. And if you're big on children learning to give back to the community, BusyKid offers nearly 60 charities where kids can donate directly from the app.Best for: Families with multiple kids and teaching kids how to invest, spend, save and give.
- Cost-effective
- Investing for kids with $0 commissions
- Give back to nearly 60 charities
- Can't limit spending by store
- $1.50 fee for ATM withdrawals