- Free 30-day trial, then start at $4.99/month
- Earn up to 5% on savings and 1% cashback
- Optional investing tools
Compare the following features when shopping around for a debit card for your child:
There are six common features to consider when looking for a debit card for your kid:
Most debit cards for kids are prepaid cards. You can load money onto them from an app using your checking account. Then, your kid can use them to shop online and in-store just as they would a normal debit card. The major difference is that your kid typically can’t overdraft with a prepaid debit card as they could a regular debit card.
A lot of these cards come with extra features, like the ability to see how your child spends their money or pay them for doing chores.
Prepaid cards are available for kids as young as five. But debit cards linked to traditional checking accounts usually require your child to be at least 13.
You can help your child transition to a prepaid debit card for teens once they turn 13, or you can help them open a checking account for teens if they’ve outgrown the prepaid card.
Yes, debit cards for kids are generally safe because of two main features. First, they’re FDIC-insured so you’re guaranteed to get your money back if the bank fails. Secondly, most debit cards for kids are COPPA-compliant, meaning they never sell or collect your child’s personal information, including their name, address, Social Security numbers, and even their geolocation and images.
Your child may be ready for a kids debit card if they often ask to borrow cash or have started earning money on their own — whether through an allowance or a paid job. A debit card like Greenlight can help them master the art of spending, saving and investing wisely.
If your child isn’t ready to handle real money just yet, consider a simulated bank account like Bankaroo. This app use virtual money to help young children learn how to spend and save until they’re ready to upgrade to a real debit card for kids.
You can open most debit cards for kids online. But keep in mind that if you decide to open a kids checking account as opposed to a prepaid card, you’ll need to open it as a joint account between a minor and an adult.
Before you get a debit card for your kid, consider these features and drawbacks:
If you’re not set on a prepaid card for your child, here are some other options to consider, depending on their age:
A prepaid debit card for kids can help your child learn how to manage money responsibly — and let you track their spending so you can see if they’re meeting that goal. But while some prepaid cards let kids save money on them, they’re not a replacement for a savings account. Compare savings accounts for kids and prepaid debit cards to create a banking solution that’s right for your family.
Two top teen accounts go head to head, each suited for different families.
See how two of the best kids’ debit cards match up in cost, features and more.
These saving methods can help teach and motivate kids to save.
Compare the best free kids’ debit card options that teach financial literacy.
Step banking accounts help kids and teens learn to manage their money while building their credit scores.
BusyKid is a surprisingly customizable chore app, but it’s not especially intuitive.
Our list of the best debit cards for kids and teens includes options from Greenlight, Step, GoHenry, BusyKid and more.
This card aims to make learning financial responsibility easier by giving you control over your child’s debit card.
Discover Cashback Debit Checking is the best overall student checking account. Other best student accounts are Upgrade Rewards, NBKC, Varo and more.
Step is a credit-building card for teens for safe credit building. Alternatively, you can add your teen to your credit card as an authorized user.
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