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
Money Management Institute
moneymanagement.org › blog › venmo-for-teens
Pros and Cons of Venmo for Teens | MMI
July 26, 2023 - It also highlights the potential risks of giving teens a Venmo account, such as impulsive spending, exposure to explicit content, and the possibility of scams, while providing tips to protect against these risks.
Reddit
reddit.com › r/venmo › teen accounts are useless
Teen accounts are useless : r/venmo
November 12, 2023 - It just made my teen hate Venmo more. ... Thank you for the heads up! ... I’m having issues with the teen account as well. I sent my daughter a $15 Sephora gift card through the app and it just disappeared into the clouds. Money came out of my account but she never received the gift card.
Videos
03:19
Venmo Teen Account Details - YouTube
02:07
Exploring pros, cons of Venmo Teen accounts for Utahns - YouTube
03:18
Venmo for Teens: Everything You Need To Know - YouTube
Best Venmo Alternatives for Teens - What Are the Options ...
00:51
How Do I Activate My Venmo Teen Debit Card? #venmo #smartphone ...
01:38
How to Set Up Venmo Teen Account - YouTube
Finder
finder.com › www.finder.com › kids banking › venmo teen account review
New Venmo Teen Account Now Available | Read Review
Venmo Teen Account Review
Venmo just launched its teen debit card, boasting no monthly fees, parental controls and seamless integration with Venmo's payment system. <p>The Venmo Teen Account is for ages 13 to 17. Teens get a Mastercard debit card linked to their Venmo account balance. Parents can also decide to give the teen access the Venmo app itself to access the P2P services and get higher spending limits. Parents can also monitor spending through the Venmo app, lock and unlock the debit card and get notifications on account activity. There are pre-set withdrawal and spending limits, but parents can't set their own
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.
CNET
cnet.com › money › venmo teen accounts aim to offer financial flexibility but keep parents in charge
Venmo Teen Accounts Aim to Offer Financial Flexibility but Keep Parents in Charge - CNET
May 23, 2023 - "Venmo is a natural place for teens to learn how to engage with money responsibly, especially considering 86% of Gen Z are interested in using an app to learn about personal finance," Erika Sanchez, ...
White Coat Investor
whitecoatinvestor.com › home › venmo teen account and how to use it
Venmo Account for Teens | White Coat Investor
October 9, 2025 - But it’s important to know how this account works and the pros and cons of setting one up first. The Venmo Teen account gives teens between the ages of 13-17 a way to send and receive money. The account comes with a free debit card and gives teens access to the Venmo app.
KUTV
kutv.com › newsletter-daily › exploring-pros-cons-of-venmo-teen-accounts-as-financial-teaching-tool-in-utah-debit-card-financial-needs-easy-monitor-withdrawal-fees
Exploring pros, cons of Venmo Teen accounts for Utahns
October 12, 2023 - In an era where cash is used less frequently, Venmo Teen offers a practical solution. If your teen needs money for a school event or a social gathering and you don't have cash on hand, you can easily transfer funds to their debit card via Venmo.
Bark
bark.us › home › app reviews › is venmo safe? a venmo app review for parents
Is Venmo Safe? A Venmo App Review for Parents | Bark
July 2, 2024 - As long as they are using the age-appropriate teen account, yes! Venmo can give kids more flexibility as they get older and help them learn healthy spending habits while you monitor and control their transactions. ... Up next in the ever-growing AI space is Sora, an app that turns text prompts and images into hyperrealistic,... Read review...
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 - For years, Venmo was under fire over the lack of privacy protections for its accounts—especially when it came to privacy around who you were friends with on the app. That's something that the platform said it was working to improve.
TechCrunch
techcrunch.com › home › venmo targets young consumers and parents with new teen accounts and debit card
Venmo targets young consumers and parents with new teen accounts and debit card | TechCrunch
May 22, 2023 - Parents can choose whether to grant their teens access to the Venmo app. They can view the Venmo Teen Account’s balance and transaction history, manage the Teen Debit Card’s PIN, lock and unlock the debit card, review their friends list and block users from interacting with the account.
Investopedia
investopedia.com › venmo-teen-debit-card-review-8399586
Venmo Teen Debit Card Review
December 31, 2024 - Includes Venmo's service: Venmo is a useful service, and if you give your teen permission to use the app, they can send and receive payments to and from friends and family. No rebates on ATM fees: If your teen uses ATMs outside the network, there’s no chance of recouping costs as with some teen accounts.
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.
ZDNET
zdnet.com › home › business
What is a Venmo Teen account? Here's what parents and teens need to know | ZDNET
May 26, 2023 - You can now open a Venmo account specifically for a 13 to 17-year-old. This account comes with a debit card and parental controls. Recently, tech companies have been criticized by parents and government officials for not taking the necessary steps to keep teens and kids safe online.
DCUM Forum
dcurbanmom.com › jforum › posts › list › 1192329.page
Teen Venmo?
Subject: Teen Venmo? quote · Anonymous · report · 03/11/2024 13:50 · Subject: Teen Venmo? quote · Anonymous · report · 03/11/2024 14:08 · Subject: Teen Venmo? quote · Anonymous · report · 03/11/2024 14:18 · Subject: Teen Venmo? quote · Anonymous ·
Reddit
reddit.com › r/venmo › teen venmo pros/cons?
r/venmo on Reddit: Teen Venmo pros/cons?
January 21, 2025 -
I’ve been reviewing some previous threads.
Son is mowing some lawns this summer. Does not have a bank account. It seems like this would be the simplest option for now.
Pros: Doesn’t need bank account Easy for neighbors Access/autonomy to money with debit card (?) debit card won’t overdraft his account (?)
Cons: Hard to transfer to bank account (once he has one) Access to all the money (the things he wants to buy 😅🤡) Is it well protected? Random freezing of his/my account (is this common?)
How easy is it to transfer to and from teen/parent account?
Top answer 1 of 3
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It should be fine. It's not hard at all to connect to a bank account.
2 of 3
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I maybe wrong but I know teen accounts can add a bank account but cant transfer funds though they can withdraw the funds at an atm with $400 daily limit and if yours or the teen account got frozen both accounts will be affected
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 accounts for their kids in violation of Venmo's terms of service. Venmo is additionally in competition with Block, which more than two years ago enabled · access to Cash App for 13- to 17-year-olds. The bank-supported · Zelle also has educational materials for young people and access to transfers via Zelle's · financial institutions. Other consumer apps such as · Uber are also extending access to teens as a way to gain users as soon as they are old enough to enroll.
The Verge
theverge.com › apps › news › tech
Venmo is introducing accounts and debit cards for teens | The Verge
May 22, 2023 - Jess started her career at TechRadar, covering news and hardware reviews. Venmo is introducing a new service that allows parents to open a Venmo account for children between the ages of 13-17 to send and receive money via the app. Venmo Teen accounts also come with a debit card and controls for parents to monitor transactions and manage their child’s privacy settings — important because Venmo has been routinely criticized for its lack of privacy protections in the past.
PayPal
about.pypl.com › news-details › 2023 › Introducing-the-Venmo-Teen-Account › default.aspx
PayPal, Inc. - Introducing the Venmo Teen Account
Parental controls include the ability to view the Venmo Teen Account's balance and transaction history, manage the Teen Debit Card's PIN, lock and unlock the debit card, review a Teen Account's friends list, and block users from interacting with the Teen Account.
myFICO
ficoforums.myfico.com › t5 › Personal-Finance › New-debit-card-for-teens-by-Venmo › td-p › 6713216
New debit card for teens by Venmo - myFICO® Forums - 6713216
May 8, 2024 - One turned 18 since, he was transitioned to a standard brokerage account and a cash management account. Both fee free, no min. No fee debit, worldwide. Again, there's an app. ... One thing I really like about fidelity, if you need to call them, they speak English as their first language, they are competent, sound like they're used to talking to people with the big monez, and treat you the same. ... So what is the benefit to any of these teens cards?
PayPal Newsroom
newsroom.paypal-corp.com › 2023-05-22-Venmo-Teen-Account-Essential-Information-for-Parents
Article: Venmo Teen Account: Essential Information for Parents
The Teen Account has built-in parental controls and oversight capabilities, empowering teens to learn more about managing money and helping them build healthy money habits. With the Venmo Teen Account, teens will be able to start experiencing Venmo with essential parental oversight.