10 Best Debit Cards For Kids: Teaching children about financial responsibility is more important than ever in today’s world. As a parent, you may be wondering how to expose your child to the realm of money management. Getting them a debit card is a great way to do this. With a debit card, kids can learn to budget and spend wisely while having the freedom to make their own purchases. In this post, we take a look at the ten best debit cards for kids to help you choose the best option for your child.
Greenlight is a popular option among parents because it allows them to manage their child’s spending and set up automatic allowances. Parents can also restrict some purchases, such as gambling or alcohol.
FamZoo is a one-of-a-kind system where children can create virtual IOUs that allow them to borrow money and learn about interest and repayment.
Currently has a debit card developed exclusively for teenagers that include features such as fast notifications, savings goals, and a budgeting tool.
GoHenry provides a customizable debit card that parents may use to set up weekly allowances, ban specific transactions, and track spending.
BusyKid is a chore-based system that allows kids to earn money and then spend it using a debit card. Parents can also choose to set up automatic investments or donate to charity.
Movo provides a safe, contactless debit card that can be used both online and in-store. Parents can establish spending limits and receive notifications in real-time.
Akimbo offers a prepaid debit card with features like automatic allowances, spending limits, and the ability to block certain purchases.
Gohenry offers a debit card designed for kids ages 6-18, with parental controls and spending limits. Parents can also set up savings goals and track spending.
Jassby offers a virtual debit card that can be used for online purchases. Parents can control spending and set up recurring allowances.
Bluebird is an American Express prepaid debit card that includes benefits like free ATM withdrawals and mobile check deposits. Parents can create sub-accounts for their children and establish spending limits.
Finally, giving your child a debit card can be a great way to teach them about money management and responsibility. With so many options, it’s important to choose a card that fits your family’s personal needs and ideals. Whether you choose a card with parental limits, an employment-based system, or a virtual debit card, it’s imperative to have an option that works for you and your child.
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