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Till Financial
4.6
★★★★★
Finder score
Fee
$0 per month
Age requirements
Any age

Our verdict

This free kids’ banking app and card comes with parental savings boosts and is for the whole family.

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Finder Awards winner

A Till Financial account stands out for providing a platform with no monthly fee while still offering chore, allowance, savings and direct deposit features.

One of its best features is its savings contributions, which lets parents boost their kids’ savings by matching what their kids put in or by contributing a regular, fixed amount. Till Financial also gives an option for parent-paid interest.

Kids are encouraged to set their own savings goals, and family can support them by contributing to them or congratulating them with a cash reward for meeting their goal. In the future, Till Financial plans on adding rewards from brands to continue encouraging kids to save.

However, if you’re looking for features like investing or loans, you’ll have to check out other kids’ cards, such as Greenlight and FamZoo.

Best for: Large families in need of a free debit card with savings features for their kids.

Pros

  • No monthly or overdraft fees
  • Offers virtual and physical cards
  • Create subaccounts for all family members
  • Savings goals and chore tracking
  • No-fee ACH transfers

Cons

  • Doesn't accept ATM or cash deposits
  • Only links with one funding source
  • No custom spending limits

In this guide

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Who is Till best for?

Till is best for parents looking for a free debit card for their kids with several ways to contribute to their savings. Many other kids’ debit cards with chore and allowance features charge a fee of around $5 per month, with some charging that fee per child.

The Till debit card is also best for large families. Account owners at least 18 years old can sign up for Till as a Family Owner and invite kids of all ages, other parents, grandparents, aunts, uncles or even close friends — you have the freedom to invite your village. Each child gets their own physical and virtual Till debit card, and there’s no extra cost for adding more family members or children.

What we like about Till

Till Financial is a fintech company — not a bank. Its accounts are FDIC insured up to $250,000, thanks to its bank partner Coastal Community Bank.

The Till Financial kids’ banking app is free to open and maintain. Overall, Till has barely any fees. There are no monthly, overdraft, ATM, ACH transfer, inactivity, paper statement or returned item fees. Just know that while Till doesn’t charge ATM fees, third-party ATM service fees may apply.

Three ways to boost kids’ savings

One of the standout features of Till is the parent-match saving contributions. Parents can choose one of three ways to help incentive their kids to save and boost their savings:

  1. Set up weekly recurring savings contributions
  2. Match a percentage of each contribution your child makes
  3. Parent-paid interest percentage of the total amount saved

Many ways to send funds

Parents can add multiple family members and children to one Till account if they’re a Family Owner. Once the account is set up, parents and family members can send funds to kids in multiple ways:

  • Quick Gives — A one-time transfer from an adult to a child.
  • Allowance — Set up recurring transfers from parent to child.
  • Tasks — Parents can create chores and custom rewards for completing tasks. Before kids can receive the funds, they must mark the task complete, and the parent must confirm the transfer.
  • Direct deposit — Working teens can set up direct deposit from their employer.

Where it falls short

Like many fintech companies, Till doesn’t accept cash or ATM deposits. To fund your child’s account, you’ll need to do either an ACH or debit card transfer to the child’s wallet. Till doesn’t charge anything for ACH transfers, but you may be charged up to 3% for a debit card transfer.

Till also lacks where many other kids’ banking apps excel: educational features. Many other kids’ banking apps, such as Greenlight and GoHenry, offer educational games, videos or tools to help kids learn about money management.

No custom spending limits

Till doesn’t give parents the option to set any custom spending limits. For comparison, other kids’ cards like GoHenry let parents toggle limits for in-store, online and ATM withdrawals, and Greenlight lets parents set store-level and category spending limits.

The only limits we could find with Till were a $2,500 daily purchase limit and a withdrawal limit of no more than $250 cash at an ATM.

Till’s fees and access

Type of feeFee details
Monthly service$0
Opening deposit$0
ATMs
  • Domestic: $0 from Till, ATM network fees may apply
  • International: $5 withdrawal fee, plus possible service fees
Debit card fees
  • Cash withdrawals: $0 from Till, ATM network fees may apply
  • Foreign transactions: 3% of USD converted amount, third-party fees may apply
  • Card replacement: $5
Overdraft or nonsufficient funds$0
Wire transfersN/A
Other fees
  • Paper statements: $0
  • Account closure: Fee may apply
  • Returned item: $0
  • Stop payment: $0
  • Debit card transfer: Up to 3%

Compare Till Finanical to other kids’ debit cards

Narrow down top kids’ banking options by monthly fees, APY and other features. Then select Compare on up to four providers to see their features side by side.

Name Product Fee Age requirements Features Offer
GoHenry
Finder Score: 4.3 / 5: ★★★★★
Exclusive
GoHenry
$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.
Get interactive money and investing tools for your kids, including expert-developed games and quizzes. Offers strong parental controls that allow you to set where and how much your child can spend.
Greenlight
Finder Score: 4.6 / 5: ★★★★★

Finder Award
Free trial
Greenlight
$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 $4.99/month for the whole family. Includes up to five kids.
Teach your child to spend, save and invest all in one app. Get 5+ financial literacy tools, including chores and allowances. All with powerful parental controls to decide where your child can spend and how much. Includes up to 5% savings rewards. Free one-month trial.
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
Current’s Teen Banking card allows parents to track their teens’ chores, allowance, and spending. Requires parent to have a Current account. FDIC insured.
FamZoo
Finder Score: 3.6 / 5: ★★★★★
Free trial
FamZoo
$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.
Teach your children good money habits with this comprehensive prepaid card and account.
Jassby
Finder Score: 4 / 5: ★★★★★
Jassby
$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
Kids earn rewards points when they play the financial literacy games, courses and quizzes in Jassby‘s app. Teach your child spending, saving, and giving with strong parental controls. Includes chores and allowance features.
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How to open a Till debit card

You must be at least 18 years old to open an account on behalf of a minor. Open an account in five steps:

  • Download the Till app on a phone or tablet.
  • Create an account and verify your identity.
  • Invite kids and other family members, if desired.
  • Link an external bank account to fund Till.
  • Activate your child’s Till virtual debit card. Parents can also request a physical debit card for free.

Customer experience

For a fintech company, Till Financial surprised us with its great customer reviews. On the Better Business Bureau, it holds a decent B rating, and there have been only five complaints in the last three years. That’s very impressive, considering most fintechs and banks have thousands of negative reviews and complaints — often due to poor customer support, but that appears to be one of Till’s strengths.

Parents and kids will manage their Till account through the mobile app, and there are thousands of ratings and reviews. It has 4.6 stars on the Apple Store and 4.4 stars on Google Play.

Overall, parents love the lack of monthly fees, fast and professional customer service, and the easy-to-use platform. Many reviews also mention they like Till because all their children can participate, regardless of age. A few reviews tell stories about how their accounts were hit with fraudulent charges, but Till quickly resolved the issue and refunded the funds.

But one of the most common complaints with Till is slow transfer times, with customers reporting ACH transfers taking three to five business days to go through.

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★★★★★ — Subpar

★★★★★ — Poor

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Bethany Finder

Writer, Banking and Loans

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