10 Best Debit Cards and Prepaid Cards for Kids

Debit playing cards for youngsters could be helpful instruments as you train your kids. When my oldest little one turned 16, I wished to verify she knew the right way to make sensible monetary choices.

I additionally wished my daughter to get some real-life expertise concerning utilizing checking accounts and bank cards. So I received her her personal debit card.

This overview of debit playing cards for youngsters and teenagers may help you discover a card that may train your teen as properly. Proceed studying to be taught extra about which playing cards we reviewed.

Our Prime Picks

GreenlightNo minimal age or stability. Has chore administration characteristic
BusyKidLow price possibility, capability for different folks so as to add money
FamZooMonitor exercise, free ATM and low minimums

Prime Debit Cards for Kids

Try the listing under and see which of those debit playing cards will work greatest for serving to you train minors to handle money.

1. FamZoo Prepaid Mastercard

The FamZoo pay as you go playing cards have been arrange for the only real function of serving to youngsters be taught good money administration expertise.

The corporate’s pay as you go card gives the next options:

  • Free card reloads (if you direct deposit money – retailer reloads will price you)
  • Free ATM visits
  • Month-to-month charges as little as $0.63 per thirty days
  • No per-purchase charges

The FamZoo card could be opened for any age little one – from preschool on up. Nonetheless, youngsters below 13 can have “on-behalf” playing cards the place the father or mother is the authorized cardholder.

Kids age 13 and up (and their dad and mom) might want to undergo a straightforward verification course of to be authorised. And all FamZoo accounts will need to have at the very least one father or mother as an account cardholder.

All exercise on the playing cards could be tracked digitally, which means youngsters can see the place they’re spending their money. And fogeys have entry to every cardholder’s card exercise at any time.


  • Arrange a number of accounts for saving, spending, giving, and so forth.
  • No minimal age requirement
  • Prepaid card accounts or IOU accounts
  • Chore charts accessible


  • Charges as excessive as $5.99 per thirty days
  • Kids can modify chore lists at will

Apple Retailer Score: 4.6 out of 5

Study Extra: Famzoo Assessment

2. Step.com

step.com home

Step gives a free FDIC insured bank account and Visa card designed for the following era. If you’re below 18, a sponsor may help you get your account arrange.

The cardboard has no curiosity or charges. Utilizing the Step app you may simply ship, obtain and monitor your money. Spend with Apple Pay, Good Pay.

Arrange direct deposit and receives a commission sooner. Conventional funds can take just a few days. Utilizing direct cost gives you piece of thoughts and on time or earlier funds.

Different advantages embody no month-to-month charges. Plus your account is FDIC insured as much as $250,000.


  • No month-to-month price
  • Easy to make use of
  • Ease to make use of app


  • No curiosity earned on account

Trustpilot: 4.6 out of 5

3. Greenlight

greenlight debit card home page

Greenlight is a debit card that’s made for youngsters however managed by dad and mom.

It has a number of great options:

  • No minimal age
  • No minimal stability
  • Free from overdraft charges
  • Out there debit playing cards for as much as 5 youngsters

It additionally has a chore administration characteristic and an auto switch of funds characteristic. Dad and mom may even select an auto characteristic that may pay their youngsters curiosity if they need.

You possibly can strive Greenlight out for a month; after that you simply’ll pay $4.99 per thirty days for as much as 5 youngsters. Try Greenlight+ Make investments if you wish to use the cardboard to assist your little one begin investing.


  • No minimal age requirement
  • Chore administration characteristic
  • Kids can earn curiosity
  • No overdraft charges


  • $4.99 per thirty days price
  • Plans that provide investing price extra

Study Extra: Greenlight Debit Card Assessment

Trustpilot: 4.3 out of 5

4. BusyKid Prepaid Visa Spend Debit Card

busykid home page

BusyKid is a pay as you go Visa spend card with quite a lot of options. Right here’s the way it works.

You employ the BusyKid pay as you go card to present your little one money. Merely assign an quantity to be placed on the cardboard each week.

You may as well tie the money to accomplished chores with the BusyKid chore app.

When your child desires to spend their money, they’ll use the debit card at shops as they select. Bonus: the BusyKid chore app additionally permits your child to present to charity and make investments.

It prices $3.99 per thirty days, or $38.99 per 12 months, to get a household subscription to BusyKid. That features one card. It’s a further $7.99 for every additional card.


  • Customizable chore listing
  • Cheaper than most different playing cards
  • Charitable giving possibility
  • Investing possibility


  • Extra annual cost to get playing cards extra youngsters
  • Restricted listing of charities to present to

Trustpilot: 3.8 out of 5

Study extra: BusyKid Assessment

5. GoHenry

gohenry home page

GoHenry is a household banking instrument that helps you train your youngsters the right way to deal with money. Right here’s the way it works:

You begin by opening a bank account in your (the father or mother’s) title. The “parent” account is a management heart for as much as 4 “child” accounts.

You set money into the father or mother account by transferring it out of your foremost bank account.

Because the father or mother, you may switch money into every little one account as you would like. You possibly can arrange common, automated transfers, or you may make random transfers.

It is a good characteristic as a result of you should use it to show your youngsters the idea of “work equals pay”. As an illustration, you may switch $5 into a baby’s account after they full a pay-worthy chore.

Every little one will get a debit card to spend the money you’ve transferred into their account.

Associated: Greenlight vs. GoHenry: Which Debit Card is Higher For Your Child?

Different options of the GoHenry debit card embody:

  • The flexibility to set single and weekly spending limits
  • Select the place the cardboard can be utilized (ex. at ATMs, on-line or in-store)
  • Block and unblock playing cards with the contact of a button
  • Obtain real-time notification of purchases/expenditures

You possibly can strive GoHenry for 30 days for free. After that, it prices simply $3.99 per thirty days per little one. And you may cancel your membership anytime.


  • Customizable chores characteristic
  • Earn, save, spend, and give choices
  • Straightforward-to-use parental controls
  • Actual-time spending notifications


  • Month-to-month price for every little one
  • Minimal age requirement

Trustpilot: 4 out of 5

Study extra: GoHenry Assessment: Is It a Good Debit Card Choice for Kids?

6. Present Account For Teenagers

current home page

Present was based with the aim of constructing banking reasonably priced for everybody.

While you open a Present account for your self, you too can open Present Teen Accounts for your teenagers.

Teen account options embody:

  • $0 account minimal stability
  • Buy in individual or on-line with the Present debit card
  • $36 annual price
  • Add to your financial savings pod by transferring or utilizing roundups from purchases

As a father or mother, you get whole management options over your teen’s spending too. You get notifications for all purchases and you may set spending limits for your teen.

You may as well block sure retailers, automate allowance funds or switch money manually out of your Present account.

And you may tie allowance to a chores listing as properly. Additionally, a number of members of the family can add money to your teen’s Present account.

Word that your teen does must have one in all three types of picture IDs to get a Present Teen account: A legitimate and unexpired drivers license, a sound and unexpired passport or passport card, or a sound and unexpired everlasting resident card.


  • Number of parental controls
  • Chore administration characteristic
  • Autopay for allowance is out there


  • No joint accounts allowed
  • Will need to have specified picture ID kind

Trustpilot: 4.1 out of 5

Study Extra: Present Assessment: A Banking App The place You Can Get Paid Up To 2 Days Quicker

7. American Specific Serve

american express serve home page

The American Specific Serve card has three card choices. Which one works greatest for you depends upon your teen’s utilization and spending habits. We’ll define the options and charges of all three right here.

American Specific Serve Pay As You Go

The American Specific Serve Pay As You Go card is Amex’s hottest pay as you go debt card.

Right here’s a listing of the options that include the cardboard:

  • Free Early Direct Deposit. This characteristic that means that you can obtain availability to Direct Deposit funds as much as two full days earlier
  • Free on-line invoice pay
  • $2.25 ATM price
  • Money reload costs of as much as $3.95 per load (worth varies by retailer)
  • $1 transaction price

American Specific Serve Free Reloads

The American Specific Serve Free Reloads card is greatest for those that add frequent reloads onto their card.

Listed here are a few of the different options of this card:

  • A month-to-month price of $6.95 (no price in TX, VT or NY)
  • Free on-line invoice pay
  • Price-free ATM withdrawals (At Cash Move ATMs)
  • Free reloads

If you happen to discover your teen is needing to reload their card with money typically, this is likely to be the only option for you.

American Specific Serve Money Again

The American Specific Serve Money Again card is probably going most useful for larger spenders.

Listed here are a few of this card’s options:

  • A month-to-month price of $7.95
  • Free on-line invoice pay
  • Free ATM withdrawals (at Cash Move ATMs)
  • Money reload costs of as much as $3.95 per load (worth varies by retailer)
  • Limitless money again of 1% on all purchases

So, relying on what the spending habits are of your child, you could have three American Specific playing cards to select from.


  • Three card choices to select from
  • Not essentially geared towards youngsters
  • Money again on purchases accessible


  • Reloads can include a price
  • Different charges apart from month-to-month price might apply

Shoppers Affairs: 3.5 out of 5

8. TD Go Prepaid Visa

td bank home page

The TD Go Prepaid Visa is a product of TD Financial institution. TD Financial institution makes use of the Visa Buxx pay as you go card for teenagers.

Listed here are a few of the options of the TD Go pay as you go debit card:

  • $0 month-to-month service price
  • $0 buy price
  • Free ATM utilization in-network
  • $1 for card reloads
  • $2.50 per thirty days for inactivity (after 12 months with no transactions)

It is a very reasonably priced possibility for teenagers and dad and mom alike. Dad and mom also can arrange e-mail notification to maintain abreast of card balances and expenditures.


  • Actual time spend monitoring
  • No month-to-month price
  • Free in-network ATM utilization


  • Reload price for every reload
  • Month-to-month inactivity price after 12 months of inactivity

Truspilot: No scores but

9. Copper Banking For Teenagers

copper home page

Copper Financial institution prides itself on making a debit card and app simply for teenagers. Their focus is constructed on youngsters able to be part of immediately’s gig economic system.

Positioned in Seattle, Washington, Copper Financial institution is changing into one of many fasted playing cards for teenagers. Its recognition stems from their app that’s simple to make use of.

The app is great for establishing financial savings objectives in addition to monitoring spending. Monitor spending, create financial savings classes and even arrange auto contributions to classes akin to school fund or a automobile fund.

Funding to the kids Copper Pockets is completed by way of a father or mother account which is linked to an current account with a unique bank. Dad and mom refill the kid’s Copper account as wanted or auto refill.

Moreover, refilling the cardboard could be achieved by establishing direct deposit. For teenagers with jobs it is a great characteristic having funds despatched on to their Copper checking account. Plus you may tie the cardboard to Venmo and CashApp.

Listed here are a few of the options of Copper Banking account:

  • No minimal stability
  • Purchase the place Mastercard, Google Pay, Apple Pay are accepted
  • No Credit score Checks
  • Zero legal responsibility safety plan
  • No overdraft charges
  • Withdraw money at over 50,000 ATM’s nationwide
  • Deposits are FDIC Insured by way of our accomplice, Evolve Financial institution & Belief.


  • Straightforward to make use of app
  • Minimal charges
  • Can tie to Google Pay, Apple Pay, Venmo, and CashApp


  • Funding limits
  • Customer support by way of chat relatively than telephone

Trustpilot: Not but rated

Study Extra: Copper Banking Assessment: Is that this Financial institution Account For Teenagers Price It?

10. Capital One MONEY Card

capital one money teen checking account

Capital One’s MONEY account is a checking account created particularly for teenagers. And it comes with a MONEY debit card to assist your teen learn to reside inside a funds.

Listed here are a few of the options of Capital One’s MONEY account for teenagers.

  • No month-to-month price charged to this account
  • Zero minimal stability for the account
  • No month-to-month cost to have a debit card
  • Price free ATM utilization at collaborating ATM areas
  • .25% rate of interest paid on all checking account balances

The great factor in regards to the MONEY checking account and coordinating debit card is that it provides teenagers freedom. Nonetheless, it additionally provides you as their father or mother the identical entry to their checking account that they’ve.

This fashion you may monitor transactions and account balances so you may assist your teen be taught wholesome money administration expertise.

Now that we’ve talked about a few of the greatest pay as you go playing cards and debit playing cards, right here is a few extra helpful info.

Let’s discuss a bit about why you may wish to contemplate getting a pay as you go or debit card for your teen.

Associated: 10 Best Financial institution Accounts for Kids

Why Ought to I Take into account a Prepaid Card or Debit Card for My Baby?

You is likely to be questioning why it’s best to contemplate getting a pay as you go card or debit card for your minor little one.

Whereas we at Nicely Stored Pockets don’t advocate carrying month-to-month credit card balances, we do imagine it’s necessary to assist your little one be taught to navigate the world of credit score and spending.

A pay as you go card may help her or him to just do that. When your little one has a pay as you go card or a debit card, they’ll spend money electronically.

Prefer it or not, the digital world of economic administration is right here to remain.

And that digital spending world does have its advantages, particularly for dad and mom whose youngsters are studying about money.

Prepaid playing cards and debit playing cards may help your little one find out about money whereas serving to you regulate their spending.

Digital money administration helps folks see the place each dime they earn goes every month. And that data is usually a beneficial instrument on the earth of grownup money administration.

Associated: 7 Best Books That Can Educate Kids About Cash

They Assist Put Limits on Spending

One good factor about most of these debit playing cards for youngsters is that they will let you impose a spending restrict for your little one.

An unrestrained funds within the palms of a teen may give them the phantasm that money will all the time be there.

Nonetheless, with pay as you go playing cards you may make a rule that you simply’ll put X {dollars} in your little one’s account every month.

This spending restrict will assist them to be taught to reside in actual life the place one’s money provide isn’t limitless.

It would assist them be taught that they should make decisions about how they spend their money. If their month-to-month money allowance runs dry, they’ll be taught what occurs when money runs out earlier than month’s finish.

They Give You a Birdseye View

Including to that, pay as you go playing cards and debit playing cards allow you to see each one in all your little one’s purchases. This profit makes approach for conversations about value-based spending.

Merely put, value-based spending means spending your money on the issues that matter most to you.

As your little one sees their spending habits at a look, they’ll be taught to determine necessary vs. non-important purchases. As an illustration, they could determine {that a} journey to the flicks with buddies is a value-based spending alternative.

Conversely, they could determine that each day journeys to the quick meals drive through will not be necessary.

As they (and you) get that birdseye view of month-to-month spending decisions, they’ll be taught an necessary reality.

They’ll be taught that they should determine which spending decisions assist them take advantage of out of life. They’ll additionally be taught that some spending decisions merely waste their money.

One of these monetary administration coaching may help your little one develop sensible money administration habits in maturity.

Prepaid debit and bank cards will not be for each little one, however they’ll do wonders for one’s monetary training. Take into account pay as you go playing cards and different monetary training instruments as you elevate your younger ones.

Put together them for a lifetime of monetary duty and safety made by their very own palms – with some assist from you.

Comparability Chart

American Specific Serve3.5$6.95
TD Go Prepaid VisaNot Rated$0.00
Copper Financial institutionNot Rated$0.00
Akimbo Prepaid Mastercard1.9$0.00


Serving to your youngsters be taught good money administration expertise is a should in immediately’s world. Once they be taught to correctly handle money by way of using pay as you go playing cards and debit playing cards, life turns into simpler.

And after they use the opposite monetary administration ideas shared right here, they’ve received instruments to make money administration enjoyable.

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