An actual checking account with a real bank or credit union. Venmo is fine for receiving payments, then he can transfer it to his bank account. Money shouldn't be held in Venmo for any longer than it takes to log into the app and initiate a transfer after receiving it. Venmo and other similar apps are not FDIC insured, so if they go tits up tomorrow, any money held in there is gone. Answer from t-poke on reddit.com
Venmo
venmo.com › about › teendebitcard
Debit Card for Teens | Teenager Debit Card | Venmo
Oversee your teen's finances easily with a Venmo Teen Account and debit card with built-in parental oversight. Split bills, share payments, and more.
Venmo
help.venmo.com › cs › articles › teen-account-faq-for-parents-guardians-vhel117
Teen Account FAQ for Parents & Guardians | Venmo
WHAT IS A TEEN ACCOUNT? Venmo Teen Accounts are profiles connected to a parent or guardian's main Venmo account. Teen Accounts have separate balances and en...
Videos
01:00
How Do I Set Up the Venmo Teen Account? - YouTube
03:19
Venmo Teen Account Details - YouTube
01:38
How to Set Up Venmo Teen Account - YouTube
03:18
Venmo for Teens: Everything You Need To Know - YouTube
02:07
Exploring pros, cons of Venmo Teen accounts for Utahns - YouTube
Venmo
help.venmo.com › cs › articles › using-your-venmo-teen-account-vhel156
Using Your Venmo Teen Account | Venmo
Then, tap the invite link from your parent or guardian and follow these steps in your Venmo app to connect to their account: ... Now it's time to add your info. Enter your legal first and last name, date of birth, and email address, and create a unique username and password for your Teen Account.
Venmo
help.venmo.com › cs › articles › teen-account-faq-for-teens-vhel118
Teen Account FAQ for Teens | Venmo
If you're under 18 and want to use Venmo, today's your lucky day! Venmo offers a Teen Account for anyone 13-17 years old, created by a parent or guardian.
Reddit
reddit.com › r/personalfinance › teen account- venmo or other?
r/personalfinance on Reddit: Teen Account- Venmo or other?
May 16, 2025 -
Teen is mowing lawns this summer for some extra spending money.
We started with people paying my Venmo- but he needs some autonomy to learn.
Looked into teen Venmo + debit card. Concern that he can’t really save money from there and will have access to all of it (and the safety of that?)
Other simple ideas that we can help manage and make it easy for neighbors to pay?
Venmo really seems like the easiest person to person payment, just wanting to make sure I’m not missing any potential headaches! Thanks!
Top answer 1 of 7
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An actual checking account with a real bank or credit union. Venmo is fine for receiving payments, then he can transfer it to his bank account. Money shouldn't be held in Venmo for any longer than it takes to log into the app and initiate a transfer after receiving it. Venmo and other similar apps are not FDIC insured, so if they go tits up tomorrow, any money held in there is gone.
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Zelle with a savings account? Money probably isn't huge, and getting experience moving money in and out of Venmo perhaps isn't the worst idea, either.
Venmo
help.venmo.com › cs › articles › managing-my-linked-teen-account-vhel157
Managing my linked Teen Account | Venmo
By default, Venmo Teen Accounts are hidden from in-app search results for users who are not their Venmo Friends.
Venmo
venmo.com › about › teendebitcard › teens
Teen Debit Card | Venmo
The Teen Debit Card is linked to the Teen Account, and allows them to spend the balance anywhere Mastercard is accepted · Parents and legal guardians can also grant their teen access to the Venmo app.
PayPal Newsroom
newsroom.paypal-corp.com › 2023-05-22-Venmo-Teen-Account-Essential-Information-for-Parents
Article: Venmo Teen Account: Essential Information for Parents
Today, we introduced the ability for parents and guardians to open a Venmo Teen Debit Card and Venmo Teen Account to give their 13- to 17-year-olds a secure, seamless way to send and receive money.
Money Management Institute
moneymanagement.org › blog › venmo-for-teens
Pros and Cons of Venmo for Teens | MMI
July 26, 2023 - Available to teens ages 13-17, the Venmo Teen Account comes with full Venmo functionality and a debit card connected to the account. Parents must have an existing Venmo account, through which they can create a connected account for their teenage ...
PR Newswire
prnewswire.com › news-releases › introducing-the-venmo-teen-account-301830319.html
Introducing the Venmo Teen Account
May 22, 2023 - SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Venmo today introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send ...
American Banker
americanbanker.com › payments › news › how-venmos-teen-account-is-meant-to-hook-adults
How Venmo's teen account is meant to hook adults | PaymentsSource | American Banker
May 24, 2023 - Venmo, a peer-to-peer (P2P) app long popular with young adults, this week announced the "Venmo teen account," which enables parents and legal guardians to open an account for 13- to 17-year-olds.
YouTube
youtube.com › playlist
Venmo Teen Account - YouTube
What is a Teen Account? Have you ever wanted to use Venmo? Well, today's your lucky day! Venmo now offers a Teen Account, created by your parent or guardian,...
PayPal
about.pypl.com › news-details › 2023 › Introducing-the-Venmo-Teen-Account › default.aspx
PayPal, Inc. - Introducing the Venmo Teen Account
Parents and legal guardians can ... the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive ...
Reddit
reddit.com › r/venmo › teen accounts are useless
Teen accounts are useless : r/venmo
October 10, 2023 - You guys aren't using it right. The point of the venmo teen is that they don't have a bank account. They get a preloaded debit card basically from the amount I give my child. They can't spend any more than what I put in her account.
Venmo
help.venmo.com › cs › articles › managing-direct-deposit-for-your-teen-account-vhel215
Managing Direct Deposit for Your Teen Account | Venmo
The time that the employer submits their paycheck information may vary by pay cycle. Venmo will post funds added through Direct Deposit to the Teen Account as soon as we receive notice from the employer.
Reddit
reddit.com › r/venmo › unable to create a teen account
r/venmo on Reddit: Unable to create a teen account
July 2, 2023 -
We're following the instructions here for setting up a teen account. However, we don't see anything under the name menu for adding a teen. All the latest updates are installed.
Any tips to get this working?
Reddit
reddit.com › r/venmo › how do i change my venmo teen account to a normal account?
r/venmo on Reddit: How do I change my Venmo teen account to a normal account?
March 19, 2025 -
I recently turned 18 so I want a regular account now. It didn't automatically change
The Verge
theverge.com › apps › news › tech
Venmo is introducing accounts and debit cards for teens | The Verge
May 22, 2023 - The Venmo Teen Account provides children between the ages of 13-17 with a debit card to send and receive money under the careful supervision of their parents and guardians.
Investopedia
investopedia.com › venmo-to-introduce-teen-account-with-goal-of-promoting-financial-education-7501222
Here's What Venmo's New Teen Debit Card Account Offers. Do You Need It?
May 22, 2023 - Venmo, the Paypal (PYPL)-owned payments platform, unveiled its Venmo Teen Account, which allows parents to open a Venmo account and debit card for their teenaged kids between 13 and 17 years old.
Reddit
reddit.com › r/venmo › is there a way to open a teen account and not get the debit card?
r/venmo on Reddit: Is there a way to open a teen account and not get the debit card?
May 31, 2023 - Otherwise, if you wont be able to intercept said card upon it's arrival, and want to be in total control of this platic object before your teen lays their eyes upon the power it has, go to the "contact us" section of the Venmo website and open dialogue text chat to confirm with someone through those official means, if there is indeed no option to opt-out of the "physical card" for this teen account, and use it an app-only setting from its creation, for you cannot be held responsible for the raw surge of ReAL ULTImaTE pOWer that will befall your child once he / she / they / them unleashes the MAYHEM OF COMMERCE upon this land.