The Best Debit Cards for Kids of September 2022

Insider’s consultants select the most effective services and products to assist make sensible choices along with your cash (right here’s how). In some instances, we obtain a fee from our our companions, nevertheless, our opinions are our personal. Phrases apply to presents listed on this web page.

Youngsters’ debit playing cards are an amazing instrument for educating youngsters or youngsters about the way to be sensible with cash.

Under, you will discover our high picks for youths’ debit playing cards. We have researched particular options and costs as a way to slender down your choices and select the most effective debit card for you and your little one.

Our high debit playing cards picks for youths

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Finest debit card for robust parental monitoring options

Finest debit card for a conventional banking expertise

Finest debit card for monetary literacy training

Finest debit playing cards for teenagers

FamZoo Famzoo Prepaid Debit Card

Famzoo Pay as you go Debit Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$5.99 month-to-month service payment, $25.99 for six months, $39.99 for 12 months or $59.99 for twenty-four months

FamZoo Famzoo Prepaid Debit Card

Famzoo Pay as you go Debit Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$5.99 month-to-month service payment, $25.99 for six months, $39.99 for 12 months or $59.99 for twenty-four months


Charges

$5.99 month-to-month service payment, $25.99 for six months, $39.99 for 12 months or $59.99 for twenty-four months


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Finest youngsters’ debit card for robust parental monitoring options: BusyKid Spend Card

BusyKid BusyKid Spend Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$3.99 month-to-month service payment or $38.99 annual payment

BusyKid BusyKid Spend Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$3.99 month-to-month service payment or $38.99 annual payment


Charges

$3.99 month-to-month service payment or $38.99 annual payment


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chase Chase First Banking℠ Account

Chase First Banking℠ Account


Annual Share Yield (APY)

None


Minimal Deposit Quantity

$0

Chase Chase First Banking℠ Account

Chase First Banking℠ Account


Annual Share Yield (APY)

None


Minimal Deposit Quantity

$0


Annual Share Yield (APY)

None


Minimal Deposit Quantity

$0

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Finest youngsters’ debit card for monetary literacy training: GoHenry Card

GoHenry GoHenry Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$3.99 to $6.99 month-to-month service payment

GoHenry GoHenry Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

$3.99 to $6.99 month-to-month service payment


Charges

$3.99 to $6.99 month-to-month service payment


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Copper Copper Debit Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

No month-to-month service charges

Copper Copper Debit Card


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None


Charges

No month-to-month service charges


Charges

No month-to-month service charges


Annual Share Yield (APY)

None


Minimal Deposit Quantity

None

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Chevron icon It signifies an expandable part or menu, or generally earlier / subsequent navigation choices.

Evaluating our high picks for greatest youngsters’ debit playing cards

FamZoo Pay as you go Debit Card (soar to FamZoo card particulars »)

Why it stands out: The FamZoo debit card is an effective possibility for households with multiple little one. You may stand up to 4 free debit playing cards with one subscription. At different establishments, you could have to get particular person plans for every little one.

It additionally could also be worthwhile for those who’re on the lookout for a debit card that is straightforward to make use of. Entry FamZoo by your pc, Famzoo’s cellular app, and even through textual content message, so your little one would not want a smartphone to make use of and handle the cardboard.

You additionally needn’t hyperlink a checking account, which can be a requirement at different firms. As a substitute, FamZoo lets you load money onto your card at Inexperienced Dot places. Nevertheless, you could be charged a payment by taking part retailers.

Month-to-month service payment: $5.99 month-to-month, $25.99 for six months, $39.99 for 12 months, OR $59.99 for twenty-four months

Look out for: FamZoo has a number of plan choices, however probably the most reasonably priced is the 2-year plan. You may prepay $59.99 for 2 years ($2.50 monthly), which is a decrease payment than with a few of our different choices. When you want greater than 4 debit playing cards, there’s additionally a one-time $3 payment for every extra card. 

BusyKid Spend Card (soar to BusyKid card particulars »)

Why it stands out: BusyKid presents youngsters’ debit playing cards for youngsters between the ages of 5 and 17. Dad and mom and youngsters will handle the cardboard by the corporate’s cellular app.

The BusyKid Spend Card has lots of choices for youths to take make monetary choices, however dad and mom need to weigh in on the choice first.

For instance, youngsters might want to get approval earlier than making a debit card buy or donating to taking part charities. Dad and mom even have the choice to lock cash transfers between financial savings and spending classes to restrict spending.

Month-to-month service payment: $3.99 month-to-month OR $38.99 yearly

Look out for: To place cash into the debit card, you will must hyperlink an exterior checking account, debit card, or bank card. You will not have the ability to deposit money onto the BusyKid Spend card.

Chase First Banking (soar to Chase card particulars »)

Why it stands out: When you’re on the lookout for a conventional brick-and-mortar financial institution expertise, Chase is a superb alternative. Chase has the most important department community within the US — it has over 4,800 places in 48 states. You may have entry to over 16,000 free ATMs.

Chase First Banking has a debit card hooked up to a checking account. There are zero month-to-month companies and 0 overdraft charges. The debit card additionally has robust options that make it straightforward to make use of. Dad and mom might set limits or alerts on how a lot a toddler can spend or withdraw, and youngsters have financial savings and spending instruments to set particular person objectives.

Month-to-month service payment: None

Look out for: To open Chase First Banking, dad and mom should have already got a Chase checking account. The financial institution additionally expenses out-of-network ATM charges for those who do not use a Chase ATM. 

GoHenry Card (soar to GoHenry card particulars »)

Why it stands out: The GoHenry Card can be utilized by youngsters between the ages of 6 and 18. You would possibly like GoHenry for those who’re on the lookout for robust monetary literary options for youngsters.

The cellular app has a singular function known as Cash Missions, which teaches youngsters about completely different subjects in private finance, like budgeting and investing. Classes are additionally age-specific, so younger youngsters might find out about cash fundamentals, whereas older youngsters choose up extra nuanced cash subjects like investing in shares or borrowing responsibly.

Month-to-month service payment: First 30 days free, then $3.99 month-to-month per little one to $6.99 month-to-month for the Household Plan

Look out for: To place cash onto the GoHenry debit card, you will must hyperlink an exterior checking account or debit card. You will not have the ability to deposit money onto the GoHenry debit card. When you use a GoHenry debit card at an ATM, you will be charged a payment by GoHenry.

Copper Debit Card (soar to Copper card particulars »)

Why it stands out: With the Copper Debit Card, you will not want to fret about month-to-month service charges, overdraft charges, or minimal steadiness charges. As much as $250,000 is safe in your Copper Account by the platform’s associate, Evolve Financial institution & Belief.

Copper is a part of the Allpoint ATM community, the place you will have entry to over 55,000 surcharge-free ATMs. Copper additionally has robust monetary literacy assets designed particularly for teenagers. Teenagers can find out about all the pieces from mortgages to credit score scores by brief movies and guides. They’ll additionally take quizzes to check their information on completely different subjects. Copper even presents free monetary workshops at excessive faculties which may be booked on the platform’s web site.

Month-to-month service payment: None

Look out for: To make use of a Copper Card, your little one needs to be at the least 13 years previous. Customer support can also be restricted to electronic mail or in-app help. If robust buyer help availability is precedence for you, you could one in every of our different high picks.

Youngsters’ debit playing cards that did not make the lower and why

Listed here are another pay as you go debit playing cards we checked out and our reasoning for not selecting them as our favorites:

  • Greenlight Pay as you go Debit Card: Greenlight has robust monitoring and budgeting options, however you will need to pay $4.99, $7.98, or $9.98 monthly, relying on which plan you select. A few of our different high picks have plan with decrease month-to-month service charges and equally spectacular perks.
  • Kachinga Pay as you go Mastercard: Kachinga is a fintech firm that may be a nationwide associate of the JumpStart Coalition, a nationwide nonprofit group that prioritizes monetary literacy training for youngsters. You would possibly like this debit card if you would like an easy debit card. The principle draw back is there is a $36 annual payment per little one. Our high picks might decrease charges as a result of the plans are for a number of youngsters or require much less upfront.
  • Present Visa Debit Card: Present might be a superb possibility for teenagers, however our high picks may be extra interesting if you would like to open a debit card for a youthful little one. Whereas it has distinctive options, our high choose for teenagers, Copper, presents extra accessibility.
  • Jassby Debit Card: The Jassby Debit Card could also be a superb possibility if you would like to keep away from month-to-month charges; it presents a primary plan that does not have any charges along with an Important Plan ($3.95 monthly). However our high picks have stronger budgeting and parental monitoring options. 
  • Capital One MONEY Teen Checking Account: Capital One may be ultimate if you would like to use for a free teen checking account that has a debit card. Our high choose beat Capital One’s account as a result of it has extra lenient age limits.
  • Mazoola Debit Card: You would possibly like Mazoola for those who’re on the lookout for a debit card that has plentiful monetary literacy assets. It is not one in every of our favorites as a result of different debit playing cards provide extra stand out budgeting instruments and options. One other draw back to the debit is that you will solely get a digital card, not a bodily one.
  • Navy Federal Go Pay as you go Debit Card: Navy Federal has pay as you go debit playing cards for anybody 13 years of age or older. For a conventional establishment, Chase has extra lenient age limits than Navy Federal Credit score Union.
  • JelliCard Visa Debit Card: The JelliCard Visa Debit Card could also be worthwhile if you would like to get a debit card that does not cost a month-to-month service charges. Its budgeting options aren’t as robust as our favourite playing cards, although.

Are these firms reliable?

Usually, we examine firms’ Higher Enterprise Bureau grades. However not all of our favourite youngsters’ debit card firms have been graded by the BBB, so we aren’t factoring scores into our trustworthiness assessment.

Chase is the one establishment on our listing that has been concerned in a latest public controversy.

In 2020, JP Morgan Chase & Co. paid the Division of Justice $920 million when charged with wrongful buying and selling. 

JP Morgan Chase & Co. additionally paid $800,000 in again wages in a settlement in 2020 with the US Division of Labor that accused the corporate of underpaying girls. The US Division of Labor additionally required the financial institution to offer a complete of $9 million for compensation changes over 5 years.

Methodology: How did we select the most effective youngsters’ debit playing cards?

We examined over a dozen youngsters’ debit playing cards earlier than deciding on our favorites. We wished to give you choices, so we in contrast varied options and companies to search out the standouts for every class.

For each debit card, we checked out the way it might be used. For instance, you need to have the ability to use a debit card for each on-line purchases and in-store purchases, in addition to at ATMs. If a card had a particular perk like a budgeting app or parental monitoring options, we took that into consideration, too. 

Youngsters’ debit playing cards might usually have month-to-month service charges, however we selected ones which are fairly manageable. We checked out expenses for signing up for a card, reloading cash, or utilizing an ATM, to search out choices that did not cost excessive charges. If debit playing cards have tiered-bank account choices we in contrast completely different value factors and options for every plan.

Lastly, we additionally reviewed every establishment’s privateness coverage and debit card security measures. We took under consideration whether or not a card had buy safety or let dad and mom block purchases. If the debit card was linked to a checking account, we assessment whether or not it the checking account was FDIC insured. 

Incessantly requested questions

Youngsters’ debit playing cards are instruments dad and mom can use to show youngsters the way to use cash. With a child’s debit, youngsters might be able to use an ATM or make debit card purchases beneath parental supervision. They will additionally have the ability to arrange a price range and monitor by on-line or cellular banking options.

Sure, a number of fintech firms and monetary establishments provide debit playing cards for youngsters. When you get a debit card by a fintech firm like Greenlight or Step, utilization might be monitored by a cellular app. In the meantime, for those who open a checking account at a monetary establishment, the child’s debit card is usually be hooked up to a checking account.

You may need to take note of potential age limits on the cardboard. Some firms require minors to be a sure age earlier than getting the cardboard.

Some youngsters’ debit playing cards might require paying a month-to-month service payment to make use of the debit card or have entry to sure banking options.

However the next monetary establishments and corporations will not cost month-to-month service charges on youngsters’ debit playing cards:

JelliCard 

Copper

Jassby (Primary Plan free)

Chase First Banking 

Present

Navy Federal Credit score Union Pay as you go Go Debit Card (13 or older)

Capital One MONEY Teen Checking (13 or older)

Listed here are among the execs and cons to contemplate when opening youngsters’ debit playing cards:

Professionals

  • Present your little one the way to use an ATM or make a debit card buy beneath parental supervision
  • You may educate your little one about spending and the way to arrange a price range
  • You may assist your little one set private objectives and save for them
  • Playing cards are usually safer than maintaining money available
  • It is simple to qualify for a child’s debit card

Cons

  • Playing cards might have month-to-month service charges, out-of-network ATM charges, or reloading charges
  • You normally will not earn curiosity in your account steadiness, since youngsters’ debit playing cards aren’t linked to a financial savings account
  • It could a giant accountability in your little one

Many child’s debit playing cards can be found on-line or by a cellular app. Usually, the mum or dad might want to join their little one for the cardboard and hyperlink an exterior checking account or debit card. If you would like to open a teen checking account with a debit card, you possibly can open an account by your financial institution’s web site or at a neighborhood department.