Videos
Is there a debit card for kids with no fees?
Neither Current nor Revolut <18 debit cards carry subscription fees. However, cards may carry other standard banking fees, such as foreign transaction fees or transfer fees.
Are debit cards for kids a good idea?
Debit cards can be a valuable tool for teaching kids about finance through hands-on experience. If you want your kid or teen to understand the importance of saving money and spending responsibly, opening their own debit card can be a wise decision. Most kids and teen debit card accounts offer financial literacy tools in-app, as well as chore and allowance features and the ability to set savings goals.
Plus, with most kids’ debit cards, parents have complete control and can set up spending limits, monitor balances, receive notifications and even lock cards entirely.
How do checks and debit cards for teens and kids work?
I have a 10 year old who gets weekly allowance. Both he and I agree cash is a pain in the butt. I never have it on hand to pay him and he doesn't like having all the physical bills. He asked if he could have a debit card after seeing an ad for Greenlight. We looked into this but seen there is a minimum $6/mo fee just to have the card. Are there other free options where it wont matter if the balance goes to $0? I thought about getting him a reloadable VISA gift card but not sure how that works long term either.