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Copper Banking alternatives

Copper is no more — here are some top alternative kids’ bank accounts to consider switching to.

Fintech company Copper closed all its deposit accounts in May 2024. At its peak, it had over 1 million users and provided teen-centered banking services. It offered 2% to 5% savings rewards, various savings tools, educational materials and an optional investing platform. It was a decent kids’ banking option, but now that it’s no longer an option, here are some Copper alternatives with similar features.

6 alternatives to Copper

Alternative for parental controls

Finder Award Greenlight

4.6
★★★★★

Finder score

Go to site Read review
Maintenance Fees$5.99 monthly
Age requirementsAny age

Alternative for money games

Acorns Early (formerly GoHenry)

4.3
★★★★★

Finder score

Get 2 months free and $10 allowance when you sign up to Acorns Early with Finder's exclusive code: AFFUSFDR10.
Go to site Read review
Maintenance Fees$5 monthly
Age requirements6 to 18 years old

Alternative for free

Step

4.4
★★★★★

Finder score

Go to site Read review
Maintenance Fees$0 monthly
Age requirementsAny age

Alternative for savings roundups

Current teen banking

4.8
★★★★★

Finder score

Go to site Read review
Maintenance Fees$0 monthly
Age requirementsAny age

Alternative for teen banking

Axos Bank First Checking

4.3
★★★★★

Finder score

Read review
Maintenance Fees$0 monthly
Age requirements13 to 17 years old

Alternative for a traditional option

Chase First Banking

4.3
★★★★★

Finder score

Read review
Maintenance Fees$0 monthly
Age requirements6 to 17 years old

How Copper compares

On May 13th, Copper closed its kids’ bank accounts. Its accounts offered 2% to 5% savings rewards, financial literacy education and up to five subaccounts. Kids and teens could divide their money into savings buckets and use savings roundups, and kids got virtual and physical debit cards. Parents also got strong parental controls, and it had an investing platform with the Copper + Invest plan.

The downside of Copper was its unavoidable monthly fee, either $4.95 or $7.95 per month. And there were reload fees if you funded your kids’ card with your debit card, costing 2.5% + $0.30 per transfer. But overall, it was a solid kids’ bank account.

For more kids’ banking options, see our list of the best debit cards for kids.

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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Written by

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

Bethany's expertise
Bethany has written 441 Finder guides across topics including:
  • Personal finance
  • Banking
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