- Spend, save & invest
- Chores & allowance tools
- Spending controls & limits
- Instantly send money to your child
- Up to 5% savings rewards
- FDIC insured
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
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.
Compare the best free kids’ debit card options that teach financial literacy.
Get an extra month free with this Finder-exclusive promo code for a limited time, plus see other deals and special offers from GoHenry.
Thumb through a list of ready-made lessons and games to teach kids about money.
The piggy bank is a centuries-old savings method with mysterious origins and an innovative, digital future.
Explore 8 ways to teach your teen healthy financial habits.
A kids’ chores calculator to help you estimate how much paying your kids to complete chores might cost you every week.
Save and invest on behalf of a minor with this custodial account.
Compare Greenlight and Current debit card to see which one is best for your teen.
Not sure if Greenlight or FamZoo is right for your kid? Read this side-by-side comparison to find out!
Read this side-by-side comparison to see if Gohenry or Greenlight is best for your kid.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.