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Verizon Family Money Kids Debit Card review

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Verizon Family Money Kids Debit Card
Finder score
Maintenance Fees
$5.99 monthly
Age requirements
8 to 17 years old

Our verdict

Its app gives you up to five prepaid debit cards for kids, but costs $5.99 per month after your free trial.

The Verizon Family Money Kids Debit Card is best for those who need up to five cards for their kids. But the account comes with the standard chores and allowance capabilities and no actual stand-out features. If you need up to five cards, you may be better off with a card like Greenlight, which comes with a charity vault and a 1% to 5% savings reward per year.

Currently Verizon Family Money Kids Debit Card won’t let you create recurring chores. Parents will need to create each chore every time and check off each task individually for payout. That means if you want your kid to wash the dishes and take the trash out every night, you’ll be on your phone multiple times a day to schedule and approve each chore. At $5.99 a month, the option to schedule chores should be included in the app.

Also, the app only allows one parent to have access to the account. Which may be a dealbreaker for those who want to add both parents to the account.


  • Up to five debit cards for kids
  • Savings goal vaults
  • Parental controls
  • Free 30-day trial


  • $5.99 Monthly fee
  • No ATM withdrawals
  • Not compatible with mobile wallets
  • Load restrictions
  • Limited to one parent

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How do I get the Verizon Family Money Kids Debit Card?

Open and set up your Family Money account to receive your Verizon Family Money Kids Debit Card in 8 steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. Select Get started.
  3. Follow the prompts to download the Family Money app from the Apple or Google Play store.
  4. Open the app and choose Get started.
  5. Select Parent and answer the questions to create your profile as the account holder.
  6. Check your email to get your Family Code.
  7. Add your child’s information and your Family Code to set up their account.
  8. Link an external bank account to transfer funds to your Family Money Wallet.


To open a Family Money account and qualify for a spending card, you’ll need to satisfy the following requirements:

  • Parent at least 18 years old
  • Child aged 8 to 17
  • Live in the US
  • Have a US bank account

Required information

Verizon requires the following information when you apply for an account:
  • Full name
  • Valid residential address
  • Date of birth
  • Social security number
  • Government-issued photo ID

What you’ll like about the Verizon Family Money Kids Debit Card

Like most debit cards for kids, the Verizon Family Money Kids Debit Card allows you to schedule a recurring allowance and assign chores. But here’s how it stands out:

  • Up to five debit cards for kids. Account holders can request up to five reloadable Visa prepaid debit cards, which are also known as Spend Cards.
  • Vaults. Like most debit cards for kids, your child can set up a separate noninterest-bearing account to put money away toward a savings goal, similar to a piggy bank or savings account.
  • Parental controls. Limit your child’s total daily spending, freeze cards and block travel purchases. Verizon blocks purchases in specific industries, including gambling and alcohol.
  • Free trial. Test out the Family Money plan for free for 30 days. Request up to two prepaid debit cards during the trial period.

What to watch out for

The Family Money plan comes with a list of caveats:

  • Monthly fee. After your 30-day trial, you’ll pay $5.99 per month.
  • No ATM withdrawals. Unlike cards like Greenlight, Kachinga and FamZoo, your child won’t be able to withdraw funds from their prepaid cards.
  • Not compatible with mobile wallets. You can’t add this card to Apple Pay, Samsung Pay and Google Pay, but Verizon plans to add this feature in the future.
  • Load restrictions. Initiate up to two ACH transfers per day. But the minimum amount is $20 per transfer. Your account also has a maximum daily transfer amount of $250 and a monthly maximum of $1,000. Other cards like GoHenry allow three loads per day up to $500 total.
  • Long transfers. It takes three to five business days for funds to transfer from your bank account to your Wallet.
  • Limited to one parent. Only one parent can be an account holder. And prepaid debit cards are reserved for children only.
  • No recurring chores. While you can create and assign chores to your child, you can’t set up recurring chore assignments at this time.

If your child needs to withdraw funds in cash, you’ll want to consider another prepaid kids’ debit card.

How safe is the Family Money app?

Verizon protects your data by encrypting your account’s information. You can also set up biometric logins and 4-digit PIN for purchases.

All purchases that require a signature qualify for Visa’s Zero Liability Policy, which means that you’re not responsible for unauthorized transactions. And if you do see an incorrect or unauthorized transaction, the app allows you to lock the prepaid debit card and dispute the fraudulent charge.

Parents can also block merchant categories, including travel, so airline and hotel and car rental purchases won’t go through.

Family Money reviews and complaints

Users of the Family Money app are much more optimistic about the product. Apple users give it a 4.1 out of a 5-star rating based on 38 reviews, while Android users give it an average rating of 3.2 out of 5 stars based on 12 ratings.

Customers praise the seamless onboarding process but complain about long transfer times to fund the Family Money Wallet. Another common pain point is the inability to schedule recurring chores.

Compare with other prepaid kids’ debit cards

Name Product Fee Age requirements Features Offer
Finder Score: 4.3 / 5: ★★★★★
$4.99 per month
6 to 18 years old
  • Automate allowance & instantly send money to your child
  • Optional parent-paid savings interest
  • Spending controls & limits
  • $4.99/month after Finder exclusive free trial
Get 2 months free and $10 allowance when you sign up to GoHenry with Finder's exclusive code: AFFUSFDR10.
Finder Score: 4.6 / 5: ★★★★★

Finder Award
Free trial
$4.99 per month
Any age
  • Spend, save & invest
  • Chores & allowance tools
  • Spending controls & limits
  • Instantly send money to your child
  • Up to 5% savings rewards
Get the first 30 days for free. After your one-month trial, plans start at just $5.99/month for the whole family. Includes up to five kids.
Current teen banking
Finder Score: 4.8 / 5: ★★★★★
Current teen banking
$0 per month
Any age
  • Automatic savings round-ups
  • $0 monthly fee
  • Spending limits and parent notifications
  • Instant transfers to your teen
    • Parent Current account required
Finder Score: 3.6 / 5: ★★★★★
Free trial
$5.99 per month
Any age
  • Parent-paid interest
  • No foreign fees
  • Real-time cash requests
One month free trial. After your one-month trial, plans start at just $5.99/month for the whole family. First 4 prepaid cards free.
Finder Score: 4 / 5: ★★★★★
$5.95 per month
7 to 17 years old
  • Set up allowance and chores
  • Real-time spending notifications
  • Instantly lock and unlock your child’s card
  • Quizzes, videos and games teach kids about money
  • Earn redeemable rewards points

How does the Family Card’s fees compare to the competition?

Here’s how the Verizon Family Money Kids Debit Card compares to other popular prepaid cards for kids:

Family Card’s fee and limitsAmountHow it compares to other kids’ cards
Monthly fee$5.99The fee’s on the lower end, especially since it includes up to five cards when other prepaid cards typically charge per kid.
ATM withdrawalN/AYou can’t withdraw funds at an ATM.
Cash reload feeN/AThis card doesn’t support cash reloads. Parents can only fund the card through ACH transfers.
Card replacement fee$3.50This is average, but you’ll find other cards — like Revolut <18 — that’ll give you one complimentary replacement each year.
Maximum card balance
  • $5,000 in the Family Money Wallet
  • $1,000 on the Spend Card
  • $1,500 in the Vault
These limits are on the lower end of what you’ll find with other cards.
ACH transfer limit
  • $20 to $250 per day to the Family Money Wallet
  • $1,000 per month to the Family Money Wallet
This limit is average, but you’ll find that other cards — like GoHenry — let you transfer funds three times daily, up to $500.
Debit card transfer limit
  • $1,500 per day to a subaccount
  • $2,500 per day to all subaccounts combined
  • $5,000 per month to all subaccounts combined
This transfer limit is higher than other prepaid kids debit cards.
Direct deposit limitN/AThis card only supports ACH transfers.
Purchase limit
  • $1,000 per day per card
  • $5,000 per month per card
This is lower than average.

How long will it take to get my card?

It’ll take approximately eight to 10 business days to receive your child’s prepaid debit card after you add their info to your Family Money plan. While you’re waiting for your child’s Spend Card, you can set up a recurring allowance and create chores that they can earn for extra cash.

I got the card. Now what?

Once you have the card, call 844-936-6639 to activate it.

Funding options

The only way to fund the prepaid debit cards is by linking up to three external bank accounts and transferring funds into the Family Money Wallet. From there, you can load each child’s Vault or Spend Card.

How can I contact Verizon?

Verizon has a few different customer service outlets depending on your issue:
  • Complete a contact form on the app or the Contact Family Money help page for answers to general questions or technical issues.
  • Send an email to if you have general questions or technical issues.
  • Call 844-936-6639 on weekdays from 7 a.m. to 1 a.m. ET and weekends from 8 a.m. to 8 p.m. ET for account-related issues.

Kids’ debit card ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top debit cards for kids and rate them one to five stars based on factors that are most important to you. We rate kids’ checking accounts by these factors: Monthly fee, features, ATM access, customer support options, and availability. We also consider APY as a factor only for those that earn interest. We rate prepaid debit cards for kids by these factors: monthly fees, features, customer support options and account availability.

Read the full methodology of how we rate Kids’ debit card accounts.

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