Hey gang, not sure if this is the best sub for this topic but I'm looking for an alternative option to my current set up with Chase. I have a Chase Premiere Checking account, and two kids checking accounts for my teens. My kids can access their individual accounts via Chase app on their phones, I can easily transfer money to/from those accounts, and they each have a debit card for their purchases.

Since I keep a balance below $15K in that main checking account, I gotta pay a $25/mo fee, which seems obscene to me. I don't want $15k of my liquid sitting in that account collecting minimal interest, so I'm looking to move elsewhere.

I know Venmo has teen accounts, Greenlight Financial I keep hearing about as well. I'll be looking into those. Having a physical debit card is not a deal breaker, but I do feel better knowing they having something on them in case their phone dies or gets lost.

Would love to hear what you guys use for your teens! I'm particularly looking for something that doesn't cost much to use while keeping a fairly low balance, and something app friendly and allows for easy transfers.

Hi, I just signed up my child for this and was wondering since it has a Visa logo on it, can the debit card be swiped as "credit" when paying at a physical store (or even when using it to make a purchase online)? And if it can be run through as a credit card, does it still ask for the PIN?

I know for normal debit cards, if you run through as credit, they typically have you sign instead of entering the PIN, but not sure if this is an option in the case of a minor.

I understand that the account must have enough funds to cover the transaction amount. I'm just running scenarios in case my kid forgets the PIN in an emergency or if for some crazy reason a store only takes the "credit card" option as a tender. Appreciate anyone who has experience with this. Thanks! :)