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Debit cards for teens operate similarly to regular debit cards, giving children the freedom to manage their own money while parents or guardians retain full account control. Teens can learn to budget and save money as their parents watch and safeguard them from financial problems. The best debit cards for teens usually come with mobile apps that include financial education as well as the opportunity to track spending and savings over time. Many also provide account and spending restrictions, allowing kids to avoid overspending while still navigating real-world financial decisions. Furthermore, while they may not have the same name recognition or reputation as larger banks, smaller banks may have features better suited to teens. Teenage debit cards can educate them on how to manage their money wisely. These cards are frequently accompanied by apps that allow young people to access their money, save, and occasionally even invest.

Debit Cards for Teens 

It is never too soon to begin teaching children about money. Even at a young age, talking to your children about personal finance can help them acquire a better understanding of money and how to spend and save it. A debit card developed for kids and teens is one way to encourage responsible spending and set them up for success. Along with supporting their education, debit cards for teens can be a safer method for them to spend money because they eliminate the need for them to carry cash, help them with a budget, and may include specific precautions like identity theft and shopping protection.

#1. BusyKid

BusyKid is a chores-based prepaid debit card that allows you to assign money to your child so they can see where their money is going and develop better money management skills. When your teen receives their chore money, they can choose whether to spend, save, or invest it. Teens can invest in real firms like Netflix or Nintendo, and they can even contribute a portion of their earnings to a charity of their choice. Before any money leaves the system for donations, stocks, or shopping, parental permission is required. BusyKid not only assists you in assigning work, but it also offers appropriate chores depending on age. 

#2. Greenlight

Greenlight is promoted to teenagers in order to help them acquire financial literacy early on. Teens can get a MasterCard debit card that is linked to an account managed by their parents. The account is jointly held by the parent and child, and it allows parents to track their child’s spending using a mobile app. You can save money in a “parent’s wallet” and use it to disburse money to each child, switch off the debit card, receive real-time spending notifications, and even set up spending control by store name. Greenlight also provides an app that allows teens to track balances, read chore lists, tick off completed chores, learn financial literacy, and more.

#3. Jazzby Virtual Credit Card

Jassby is an online bank that provides a virtual debit card that is also Apple Pay compatible for in-store purchases. With Jassby, teens don’t have to worry about losing a real card, and each transaction includes a PIN code for further security. Mastercard issues the debit card, and Jassby accounts are FDIC insured through Sutton Bank of Ohio. In addition to the debit card, Jassby provides a kid-friendly smartphone app that allows parents to assign tasks, set up periodic allowance payments, and monitor account activity. Kids can also participate in Jassby’s rewards program, which recognizes them for completing tasks that improve their financial literacy.

Free Debit Cards for Teens 

A debit card can be an awesome educational tool, especially when the child is responsible for their own spending and parents have put guardrails in place. Even better, you can acquire these tools for free. Many free debit cards are the first step toward financial responsibility since they give kids and teens power over their spending and an early taste of what it’s like to manage money on their own.

#1. Fidelity® Youth Account 

When you start young, learning about saving, spending, and investing can pay off big time. The Fidelity® Youth Account is a brokerage account owned by youth aged 13 to 17 that is meant to assist them in beginning their investing adventure. They can begin their investing experience by trading most U.S. stocks, exchange-traded funds (ETFs), and Fidelity mutual funds through their own brokerage account. Your adolescent will also receive a free debit card with no monthly fees, account fees, minimum balances, or domestic ATM fees. 

#2. Chase First Banking

Chase First BankingSM provides convenient banking for both of you in one location: the Chase Mobile® App, which is available for free. Manage all of your accounts with one mobile app and avoid fees while also having access to 16,000 Chase ATMs across the country. Chase First BankingSM is powered by one of the best free debit cards for kids and teens that works anywhere Visa is accepted. Do you want to know what your child is spending and saving? In your Chase Mobile® app, you may establish expenditure alerts and limits, as well as specified areas. 

#3. Revolut 18

Revolut 18 is a prepaid debit card for children aimed to teach them lifelong financial skills. The unique, personalized card permits parents to have full insight into their children’s card activity by offering fast spending notifications and parental controls, with the goal of instilling healthy money habits in children from an early age. Through your Revolut app, you can freeze the card and establish limitations on how they use it online and with contactless payments. You can also limit how much money your child can spend with the prepaid card.

Prepaid Debit Cards for Teens 

Debit cards are the first step toward financial responsibility since they give kids and teens power over their spending and an early taste of what it’s like to manage money on their own. This is true not only for standard debit cards but also for prepaid debit cards.

#1. Copper Card

Copper Banking was developed on the notion that children and teenagers should have equitable access to financial education and be able to learn by doing. The startup is now on a mission to assist youngsters obtain real-world experience by providing them with access to their money in ways that traditional banks cannot. The Copper app and debit card teach your child how to make wise financial decisions by providing a platform for parents and their children to communicate. The Copper app provides quick snapshots of your accounts. Furthermore, the Copper Debit Card makes it simple to shop in-store or online, even using Apple Pay or Google Pay.

#2. GoHenry

GoHenry is a minor financial solution that comprises an app, prepaid debit cards, and even financial training. Parents are given an online account that is linked to separate accounts for each of their children and allow them to oversee and control them through both the GoHenry app and the online account site. Each youngster will receive their own GoHenry debit card, with 45 various designs to pick from or the option to make their own customized card for $4.99. You can create parental controls for your children to regulate each card. What’s wonderful about GoHenry is that kids can only spend what’s available on the card, so parents don’t have to worry about expensive overdraft fees or their children accruing debt.

#3. Famzoo

FamZoo is another service for parents who want to open prepaid debit cards for their children to manage their spending. Parents can finance their FamZoo account in a variety of ways, including bank transfers, direct deposits, and even cash. Typically, parents will load their primary funding card, then transfer funds to their children’s cards. However, you can directly sponsor children’s cards. There are also numerous safety features. And there’s no danger of FamZoo stealing your bank account information because they never ask for it. Adults may monitor transactions, lock and unlock cards temporarily, and set up real-time alerts for card activity and remaining balances.

Current Debit Cards for Teens 

With Current Bank’s Teen Banking debit card, you can set up allowances and track your teen’s spending. You can digitally negotiate the value of chores and set up periodic deposits. However, the account may not be appropriate for parents who want to teach their teens about more traditional banking. The Current adolescent banking debit card makes it easier to keep track of your child’s duties and allowance. It’s ideal for kids who are just learning how to manage their money and will benefit from the roundup function to help them reach their savings goals. Parents can also set spending limits, turn the card on and off, and prevent transactions at ATMs or specific merchants. And because there is no monthly fee on this card, it will not deplete your child’s savings. However, the high foreign fees may make you reconsider using this card overseas.

What Is the Procedure for Opening a Current Teen Banking Account?

In nine easy steps, you can apply for the Current Teen banking card:

1. Check out the Current Teen Banking webpage. From the home menu, cash.

2. Click more about teen banking and then get started.

3. Sign up after entering your mobile number.

4. Download the current app after receiving the SMS message.

5. Launch the app and select Get Started.

6. Verify your phone number and then click Next. Fill in the verification code.

7. Fill up your email address, full name, and birth date, then click “Sign up.”

8. Select a Teen account and enter your teen’s information.

9. Choose the card you want your teen to receive.

The Best Debit Cards for Teens

Most debit cards are FDIC-insured, offer fraud protection, and will not allow you to overspend or overdraw your account. Debit cards for teenagers are intended to help them practice and develop financial literacy.

#1. Capital One MONEY

Capital One Money has a teen account for youngsters over the age of eight that includes a free debit card, parental controls, and the chance to earn 0.10% interest. The bank’s mobile app also allows teens and parents to sign in separately. Parents may use the app to view their teen’s account activity, receive real-time spending alerts, set up auto-funding, and lock and unlock their teen’s debit card. Teens can use the app to create savings goals and track their account balance activities. Teens can use Capital One Money to remotely deposit checks and set up direct deposit for their paychecks. You also do not need a Capital One account to begin. 

#2. American Express Serve

If purchased online, American Express Serve Free Reload cards are free. Parents get one main account and card and can order up to four sub-accounts for teens. While this product is not specifically marketed to teenagers, it is an excellent way to allow teens to use their allowance and make large purchases. American Express Serve Free Reloads cards can be reloaded electronically for free and with cash for free at over 45,000 different locations. Each reloads must cost at least $20. Teens can also deposit their checks without a fee, which can take up to 10 days, or pay a 1% to 5% fee if they need immediate access to the funds. American Express also offers free online bill pay.

#3. Step Debit Card

Although there is no minimum age to sign up, Step is best suited for older kids who are ready to level up their financial knowledge. Step, like a regular debit card, uses deposited funds to make purchases. Unlike a debit card, the Step card processes all transactions as credit — which means your teen can build credit safely without having to worry about overdraft fees or accruing interest. We also like that Step lets you round up your purchases to the nearest dollar and move the difference to savings. And your kid can earn more incentives while using their debit card at select merchants.

Can a 14-Year-Old Use a Debit Card?

If the teen is under 18 years of age, there typically needs to be a joint account holder (parent or guardian) who is at least 18 years old to sign up for an account.

Which Bank Gives ATMs Under 18? 

HDFC BankKids. HDFC Bank offers this type of account and ATM/international debit card it to kids aged between 7-18 years old.

What Banks Allow 13-Year-Old to Have a Debit Card?

Best no fees: Axos Bank’s first checking card. Axos Bank is offering joint account holders, from 13 years old to 17 years old, a first checking account including a free debit card. 

How Much Is a Debit Card? 

Debit cards are usually the benefit of checking accounts, and there can be a fee of about $10-15 per month to maintain these accounts. Many banks waive these fees if you meet a certain monthly minimum balance or allow direct deposits into your account. 

Can I Get an ATM Card Before 18? 

Most teens’ debit cards are designed as mobile-first applications and feature online registration. Generally, if a teenager is under the age of 18, a joint account holder (parent or legal guardian) who is 18 or older is required to open an account. 

Which Bank Gives Free Debit Card? 

Features and benefits of the IDBI Bank Basic Savings Account. ATMs with complimentary debit cards and checkbooks are available upon request. You can use this card to make transactions at IDBI Bank ATMs or purchases at retail outlets. However, checkbooks are useful for conducting other banking transactions. 

Which Bank Is Best for Students? 

Best bank accounts for students as of May 2023

Best overall:

Chase Bank College Checking Account.

Best for high school students:

Capital One MONEY account.

Great for promoting savings:

Bank of America Advantage Banking.

Best Free Account:

Discover Cashback debit account. 

What Is the Age Limit for Debit Card?

You must be 18 years of age or older to open a personal checking account in the United States. However, prepaid debit cards such as GoHenry are available for her children over the age of 6. These work like traditional bank debit cards and can be used for in-store and online purchases and ATM withdrawals. 


A debit card with proper parental controls is one of the best ways to teach your teen to manage finances without the risks and worries of a credit card. Adolescents learn to generate income through housework and other household chores, budget for immediate and future needs, prioritize savings and make real money decisions. A teenager is responsible for spending her own money but must remain under her parent’s supervision to avoid financial hardship. 

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