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
Teens can use Venmo to monitor ... direct line of sight from parents. Teens ages 13-17 are eligible for a Teen Debit Card and the Venmo app with sign-up from a parent or legal guardian....
Venmo
venmo.com › about › teendebitcard › teens
Teen Debit Card | Venmo
Teens can use Venmo to monitor ... direct line of sight from parents. Teens ages 13-17 are eligible for a Teen Debit Card and the Venmo app with sign-up from a parent or legal guardian....
Teen Account- Venmo or other?
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. More on reddit.com
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May 16, 2025Teen accounts are basically useless
You didn’t order the Venmo debit card? Venmo teen accounts can have a Venmo debit card just like a full account. My sister has one and it works just like a regular card, pulls from your Venmo balance. More on reddit.com
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August 15, 2024New debit card for teens by Venmo - myFICO® Forums - 6713216
This is what I have been waiting for! I just signed my kids up to get their cards. On the surface, this looks to be fee free. (I had the Greenlight but closed these cards b/c of the monthly fee.) Venmo Teen Account | Venmo More on ficoforums.myfico.com
Is there a way to open a teen account and not get the debit card?
Is there a way to open a adult account and not get the debit card More on reddit.com
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June 10, 2023Videos
01:38
How to Set Up Venmo Teen Account - YouTube
00:51
How Do I Activate My Venmo Teen Debit Card? #venmo #smartphone ...
03:18
Venmo for Teens: Everything You Need To Know - YouTube
03:19
Venmo Teen Account Details - YouTube
It's Venmo, for ages 13-17. | Check out the Venmo Teen Debit ...
Venmo
help.venmo.com › cs › articles › teen-account-faq-for-parents-guardians-vhel117
Teen Account FAQ for Parents & Guardians | Venmo
Teens with a Venmo Teen Account can use the Venmo Teen Mastercard® Debit Card and access the Venmo mobile app to manage, send, and receive money.
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!
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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.
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 ...
PayPal Newsroom
newsroom.paypal-corp.com › 2023-05-22-Venmo-Teen-Account-Essential-Information-for-Parents
Article: Venmo Teen Account: Essential Information for Parents
May 22, 2023 - 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.
Utah State Today
usu.edu › today › story › ask-an-expert--teen-finances-venmo-ventures-and-beyond
Ask an Expert — Teen Finances: Venmo Ventures and Beyond
March 14, 2024 - Venmo, intended for teens ages 13-17, functions as a debit card. Parents can easily monitor how their teen uses it, helping promote responsible spending.
Venmo
help.venmo.com › cs › articles › using-your-venmo-teen-debit-card-vhel175
Using your Venmo Teen Debit Card | Venmo
The Venmo Teen Debit Card only uses money from the available Venmo Teen balance. If you need more money for a purchase, your parent/guardian can add money to the Teen account by sending you a payment.
Venmo
venmo.com › collegecard
College-Branded Custom Debit Cards | Venmo
³ ESPN Terms & Conditions Eligible Participant: Open only to individuals who (1) create or have an existing U.S. personal Venmo account in good standing (“Valid Account”); (2) are residents of any one (1) of the fifty (50) United States or the District of Columbia; (3) have or apply and are approved for the Venmo Mastercard® Debit Card ("Card"), and (4) view and activate an in-app offer. (eligibility for/those who receive the Rewards will be determined solely by Venmo) (“Eligible Participant”). Offer is not available for Venmo business profiles, Venmo Teen accounts or charity profiles.
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 - Venmo for teens, ages 13-17, functions as a debit card. One significant advantage is that parents can easily monitor how their teens are using the debit card.
Venmo
venmo.com
Pay Friends | Payments App | Venmo
With the Venmo Debit Card,1 you can instantly pay for whatever you want with the money in your Venmo balance and earn up to 5% cash back2 from some of your fave brands.
Qorus Global
qorusglobal.com › content › 18747-introducing-the-venmo-teen-account
Introducing the Venmo Teen Account - qorusglobal.com
May 30, 2023 - • Empowering: The Venmo Teen Account has a separate balance from the parent's personal Venmo account and comes with a teen's own debit card in a range of colors and designs. Teens can track their own spending in the Venmo app, which helps ...
Finder
finder.com › www.finder.com › kids banking › venmo teen account review
New Venmo Teen Account Now Available | Read Review
Venmo Teen Account Review
This account gives teens access to their first debit card for free — with parental supervision. 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 ... <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 ap
Venmo
help.venmo.com › cs › articles › teen-account-faq-for-teens-vhel118
Teen Account FAQ for Teens | Venmo
A Venmo Teen Mastercard ® debit card with your name on it
Venmo
venmo.com › about › debitcard
Debit Card | Cashback & Rewards Debit Card | Venmo
Use the Venmo Debit Card1 to instantly spend the money in your Venmo balance and earn up to 5% cash back2 from some of your fave brands. ... Did a friend Venmo you money for movie tickets?
DCUM Forum
dcurbanmom.com › jforum › posts › list › 1192329.page
Teen Venmo?
March 11, 2024 - post reply Forum Index » Tweens and Teens · 1 2 ► Go · Go to page... 03/11/2024 13:18 · Subject: Teen Venmo? quote · Anonymous · report · 03/11/2024 13:21 · Subject: Teen Venmo? quote · Anonymous · report · 03/11/2024 13:22 · Subject: Teen Venmo?
Reddit
reddit.com › r/venmo › teen accounts are basically useless
r/venmo on Reddit: Teen accounts are basically useless
August 15, 2024 -
Teen accounts basically give you one feature. Transferring between other Venmo accounts. You cannot transfer from your Venmo to your bank account, and if I try to add it as a payment method to pretty much anything, it says something went wrong. (My parents never had this problem, I’m assuming it’s blocked because of the teen account) it’s so annoying that I have to transfer my money to my mom so she can transfer that into my bank. Not only that, but transferring money can take days at a time. For example, if there’s a sale on a game, but I don’t have much money in my bank I’ll have to do the whole process with my mom, and by the time I get the money, the sale will be over. If I pay to get it immediately, I might not be able to afford the sale because of miscalculation.
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 - This is what I have been waiting for! I just signed my kids up to get their cards. On the surface, this looks to be fee free. (I had the Greenlight but closed these cards b/c of the monthly fee.) Venmo Teen Account | Venmo