debit card for teens

[DietCokeLover]

Do your teens have a debit card? I am looking in to some way for my dc (13 & 14) to have a debit card that I can still have control over as they are learning how to manage money. I have looked at Greenlight and I like what I see there, but hate to have a $5 monthly charge to use it. I was wondering what other families use or if you had suggestions of other types of these cards to look into. I don't think our bank has anything like this without the teen having their own checking account.

[MaiseyDog]

Our local bank offers a student checking account that we opened for DD1. It is tied to our account so I can see her purchases and can move money over when needed. There is no fee and she only had to have $50 to open it.

[AnnieW625]

My kids have one from our credit union but they don’t use it on a regular basis. It is tied to their savings account. I could give the card to DD1 if she needed it for an emergency but on a regular basis there is only one atm near her school and it isn’t that close (maybe 1/2 to a mile away). So far we still just give her cash when she needs it and it has worked out fine.


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[lisa928]

Not a debit card with the Apple Card kids 13+ can be under a parent.

https://www.apple.com/newsroom/2021/...edit-together/

[essnce629]

DS1 started out with Current, but then I got tired of paying the fee, so switched him to Capital One's MONEY Teen Checking Account with debit card. I plan on getting the same for DS2 who's 12.

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[georgiegirl]

DD (15) has a debit card from Wells Fargo that is attached to her account. There are some limits on it but I can’t remember what they are.


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[bcafe]

Yes, but the cards are tied to their checking accounts. They both have jobs though....

[Twin Mom]

My DC have debit cards tied to their Chase high school accounts. There are no fees for these accounts. I can move money in and out since they are tied to mine. They cannot spend more than their balance not that it’s been an issue. DS has a job and DD just started working. Their pay goes into these accounts. They know how to check their balances with the app. I monitor their spending too.

[belovedgandp]

DS1 got a debit card tied when he opened his checking account at 15. Prior to that I hadn't had many occasions when he needed anything beyond a little bit of cash. His checking account is also connected to my account.

I also got him a credit card. He was driving at 15 to/from school and paying his own gas. I applied for a completely new credit card and made him an authorized user. He's responsible for paying online each month.

[smilequeen]

We opened a CC in his name at 16, but under the umbrella of our account. We just did the same with checking/debit for him as he has a job and can do direct deposit.