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Current Bank’s Teen Banking debit card gives you the ability to set up allowances and track your teen’s spending. You can digitally negotiate how much chores are worth and schedule recurring deposits. But the account may not be right for someone looking to teach their teen about more traditional banking.
$36 per year
Fee
N/A
APY
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | $36 per year |
Minimum deposit to open | $0 |
ATMs | Anywhere Visa is accepted |
ATM transaction fee | $0 |
Out-of-network ATM fee | $3 Subject to ATM operator fee |
Foreign transaction fee | 3% |
Overdraft fee | $0 |
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
But the card’s $36 annual fee may start to eat into your teen’s savings. Card fees are also attached to paper statements, international ATM withdrawals and foreign transactions.
Similar to other debit cards, you’ll have the ability to track your spending and setup alerts. Other benefits include:
Consider the following before you sign up for a Current teen banking card:
If you want a debit card with lower fees, you’ll want to keep looking. As always, compare your options when considering a debit card for your teen.
Sign up for the Current teen banking card in nine steps:
To sign up, primary account holders must meet the following requirements:
Your teen must meet the following requirements:
You’ll need a smartphone and the following on hand when you’re ready to apply:
Your teen’s card will arrive within two weeks, but you can start loading funds to their account immediately.
Once your teen receives their card, you can start managing the account: