Best Children’s Debit Cards

Parents are striving to teach their children how to spend and save responsibly. This can be achieved by use of debit cards which are valuable educational tools. Most children’s cards come with features such as parental oversight, custom spending controls, or feature-filled mobile apps. Debit cards will give your children a glimpse of what it’s like to manage money on their own as they give them control over their spending.

Things to Consider When Choosing a Debit Card for your Children

There are many debit cards for children in the market. Most of these cards come with mobile apps that allow you to track your children’s spending. You will need to consider the following thing to find the best card for your kids:

  • Fees. Most prepaid cards charge a monthly or annual fee. Before you choose a card, make sure that the features it is offering is worth the fees.
  • Features. The card you chose needs to offer the features you need. The most preferred features include chore management, automated allowance payments, financial literacy quizzes, and parent-paid interest.
  • Security. A good debit card will ensure that your data and money are safe. Most cards for kids in the US offer $250,000 of insurance through the FDIC.
  • Interest. Prepaid debit cards for children do not provide a way for children to earn interest. Instead, they provide a way for parents to pay interest to their children. Checking accounts will offer interest.
  • Age restrictions. Different debit card options accommodate children from certain ages. You will need to check what ages are supported before choosing a debit card for your child.

The following are some of the best credit cards for children:

The Greenlight Debit Card

The Greenlight debit card supports children between the age of 8 and 12. Its features include parental controls, real-time transfers, ability to switch cards on and off, and parent-paid interest. Greenlight allows for splitting funds between two categories. You can put funds in the Spend Anywhere category which your child can use at any store he wishes. The other category has parental control features that lets you set spending limits for specific retailers. It is among the best debit cards for children because its maximum card balance and transfer limits are higher than most cards for children. Additionally, it earns a 1% or 2% savings boost per year on balances below $5, 000 depending on your plan. The Greenlight debit card offers identity theft protection, purchase protection, and cell phone protection if you upgrade to the Max plan.

Greenlight Debit Card Eligibility
Kids who want to sign up for Greenlight card before their parents or guardians need to be at least 13 years old. There’s no age minimum for a kid who’s signed up by a parent/guardian. The primary account-holder needs to meet these requirements:

  • At least 18 years old
  • US citizen or permanent resident of the US
  • US address that isn’t a PO box

Greenlight Debit Card Fees

The Greenlight debit card has minimal fees. Expect the following:

  • Monthly fees: A flat fee of $4.99 that includes cards for up to five kids.
  • Funds Deposit fee: None
  • ATM withdrawal fees: None, although you may pay ATM operator fees
  • Card replacement: The first replacement is free and any after that is $3.50

FamZoo Debit Card

The FamZoo prepaid debit card is ideal for children between the age of 6 and 22. It is best for travelling abroad. Parents do not have to worry about their kids paying foreign transaction fees on international purchases while on vacations or school trips. The FamZoo account is split into three subaccounts for savings, spending, and giving to encourage good money management habits. With the FamZoo card, children can request extra funds in real-time. Parents will receive notifications for all purchases, they can set spending limits, and move money between family members.

FamZoo Eligibility

FamZoo prepaid cards can be ordered by paying FamZoo subscribers who reside in the United States and have family members who are between the age of 6 and 22. Families must remain subscribers in good standing to use their FamZoo cards or to place orders for additional cards.

FamZoo Fees

FamZoo fees are as follows:

  • Monthly fee: $5.99
  • Card purchase fee: The first four cards are free, then you pay $3 per card thereafter
  • Currency conversion: Free
  • International ATM withdrawals: Free
  • Balance inquires: Free

BusyKid Debit Card

If you are a parent looking beyond chores and allowances, the BusyKid Visa Prepaid Spend Debit card is the ideal card for you. The card helps to teach children of ages 12 to 18 about money through chores and earning an allowance. The card lets your child spend money in stores or online with just a single swipe of the card. You can set up automatic savings with the BusyKid Visa Prepaid Spend Card. Children earn real money by completing chores and tasks round the house each week. At the same time, the kids learn valuable financial skills such as saving, budgeting, and giving to charity.

BusyKid Debit Card Eligibility

To open a parent account and order a debit card you’ll need to meet following requirements:

  • Be at least 18 years old
  • US citizen or legal resident
  • US phone number
  • US bank account or credit card

BusyKid Debit Card Fees

BusyKid is an affordable debit card for children. Its fees are as follows:

  • Monthly or Annual fee: $1.67 per month, making $19.99 per year
  • Card fee: Free
  • Additional card: $7.99 per year
  • Card replacement: $5

Gohenry Debit Card

The Gohenry debit card is ideal for kids from age 6 to 18 because it lets your children choose their own personalized card from a set of designs Gohenry provides. When you open a Gohenry account, you receive your children’s debit cards in the mail 7-8 days later, then you can set up an automatic weekly allowance transfer and one-off or weekly spending limits in your children’s accounts. You can also choose the stores where your kids can shop. The Gohenry debit cards has a good customer service offering 24/7 phone availability, email access, and social media engagement.

Gohenry Debit Card Eligibility

To sign up for Gohenry, primary account holders must meet the following conditions:

  • At least 18 years old
  • US citizen or legal resident
  • Gohenry Sub-accounts are for children from ages six to 18

Gohenry Fees

Gohenry offers a free 30-day trial then after that, you pay for its products and services. Expect the following fees:

  • Monthly fee: $3.99
  • Reload fee: $0 when reloading using a debit card
  • Cards purchase fee: $0
  • ATM fee: $1.50

Current Teen Debit Card

The Current debit card is best for teens of between age 13 and 22. It includes an automatic round-up setting that helps your children reach their savings goals each time they make a purchase. Children can also organize their savings by creating different savings goals. Additionally, Current has the chores feature which teaches your child to negotiate by letting him propose a different amount of compensation for certain chores. The parental controls feature on the Current debit card allows adults to set spending limits, disable the card, block ATM access, and select the stores from which their children can shop.

Current Visa Card Eligibility

The parent or legal guardian must meet the following requirements:

  • At least 18 years old
  • US citizen or permanent resident
  • Valid US residential address

Current Visa Card Fees

The Current card offers transparent pricing and a one-month free trial. Its fees are as follow:

  • Annual fee: $36 per teen
  • ATM transaction fee: $0
  • Foreign transaction fee: 3%
  • Reload fee: $0

Kachinga Prepaid Debit Card

Kachinga is a prepaid Mastercard tied to a chore app with features to help your children learn to manage and save money The card offers spend, give, and donate options. It also allows parents to set up chores and allowances, activate automatic transfers, and get real-time notifications concerning their children’s purchases.

Kachinga Prepaid Debit Card Eligibility

You’ll need to meet the following requirements to get the prepaid card as the primary account holder:

  • At least 18 years old
  • US citizen or resident
  • US residential address
  • Valid Social Security number

Kachinga Debit Card Fees

The card is free during the 30 day trial period and then you will be charged $36 annually.

Children’s Debit Card for Free

You will be happy to know that it is possible to get a free children’s debit card.

Revolut Junior Account

Revolut bank offers the Revolut Junior account (best for kids aged 12 to 17) can only be created by parents and guardians with a Revolut account and must be residing in the EEA. Once you open the account, you can order the Revolut Junior debit card for your kids from the Revolut app. The card has several features including parent-paid bonuses, task tracking, chores, allowances, and spending analyzers. The number of cards you need for your family will depend on the Revolut plan you choose and how much you will pay per month.

Revolut Junior Account Eligibility

To set up a Revolut Junior account, you must hold a Revolut personal account. You must also provide information needed to verify the identity of the Junior. You can only give a person access as a Junior if they are aged between 6 years old and 17 years old and you are their parent, guardian or otherwise have legal responsibility for them.

Revolut Junior Account Fees
The Revolut Junior card has no monthly fees. The Revolut Junior card is free, but Revolut may charge you a card delivery fee.

Mazoola Debit Card

The Mazoola debit card is a virtual free card that support children of all ages. The card comes with the ability to set chores, allowances, and savings goals. It also supports peer-to-peer payments where your child can send money to other friends and family in the Mazoola app.

Mazoola Debit Card Eligibility

To apply for Mazoola Debit Card, you must meet the following criteria:

  • US citizen or resident
  • Social Security number or tax identification number

Mazoola Fees

The Mazoola virtual debit card is 100% free to use.

The Copper Debit Card

The Copper debit card is ideal for teens of age 13 and above because it gives them more financial independence compared to other debit cards. It provides parents and kids with the tools they need for ten to row together financially. The Copper debit card comes with quizzes and other resources to help your children be more mindful about their saving and spending habits. Your child can create multiple buckets to save up for long-term goals. Also, they can set up automatic deposits into these savings buckets to invite family and friends to contribute funds.

Copper Debit Card Eligibility

To be eligible for Copper debit card for your kids, you need to be:

  • 18 years or older
  • A US citizen or permanent resident. If you are an alien non-permanent resident in the US, you must have a valid long-term visa
  • Valid tax identification number on Social Security number
  • Have an existing account, debit card, or credit card that you will link to your teenager’s Copper account

Copper Fees

The Copper debit card does not charge any fees for its products and services. There’s no monthly fee, no card purchase fees, and no minimum balance requirement.

Axos Bank First Checking Account

The Axos Bank First Checking account is designed for teens between 13 and 17 years of age. Additionally, Axos provides up to $12 in ATM fee reimbursements every month and it gives you free access to 91,000 ATMs.

Axos Bank First Checking Account Eligibility

Primary account holders (parents and guardians) must meet these requirements to be eligible:

  • At least 18 years old
  • Social Security number
  • US residential address
  • Government-issued photo ID

Axos Bank First Checking Account Fees

The account has no monthly fees and it earns 0.1% APY.

Final Thoughts on the Best Children’s Debit Cards

Giving your child a debit card is the best way to teach them about budgeting and saving early in life. There are many debit cards for children each with a unique set of features and functionalities. It is best to know your needs and the needs of your child before settling for a debit card.

Daisy Neema is a graduate of Chuka University. She is a prolific writer and researcher and has an interest in finance. She also loves writing about businesses and startups.