Where to get young money debit card

Monthly fee. We looked at 40 reloadable prepaid debit cards offered by some of the biggest banks, credit unions and prepaid debit card issuers. Where multiple card plans existed, only the basic monthly fee plan was considered.

We analyzed four categories for each card: general fees and features, purchases and withdrawals, reload fees and options, and other services such as bill pay and savings accounts.

The cards that made this list had the best combination of these categories. Some cards in this roundup have nonbank program managers that partner with banks. No cards above have overdraft fees. We also looked at three alternative, or non-traditional, accounts from financial institutions: Chime , GoBank , Moven. What the ratings mean:. What are prepaid debit cards? Prepaid debit cards vs.

Nerdy tip: If you need to build credit or have been denied a bank account, a prepaid debit card might not be the best option: Secured credit cards help build credit , and if you can't get a regular checking account, try second chance checking.

These accounts provide another shot at mainstream banking and its perks. No monthly fees. Free ATM network. Great budgeting features. Instant transfers between cards.

Multiple subaccounts for kids. Subaccounts for kids. Store-specific spending controls. Learn More. Has a savings component. Back to top. Best for ATM withdrawals. FamZoo Prepaid Card. Greenlight Prepaid Mastercard.

Earn more with the best savings accounts. Find out which accounts pay more and help you build your savings faster. Show me. Low-fee alternatives to prepaid cards. See more information from Chime. Best prepaid debit cards and alternatives: Summary.

Chime account. See full list. On a similar note Dive even deeper in Banking. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights.

Measure content performance. Develop and improve products. List of Partners vendors. Banking Checking Accounts. By Allison Bethell. Allison Bethell is a real estate investor, broker, writer, small-business owner, and consultant with over 13 years of real estate experience.

Learn about our editorial policies. Fact checked by Elisabeth Christopherson. Article Fact Checked November 09, Elisabeth Christopherson is an accounting professional, fact-checker, and researcher who brings years of experience to her fact-checking role at The Balance. Elisabeth has reviewed many accounting, business, and economic publications, was an Expert Reviewer for Study. Best Debit Cards for Teens. Final Verdict. Compare Providers.

How to Choose. Best Overall : Copper Banking. Open Account. Why We Chose It. Cons Few customer service reviews. Cons No bill-pay or check writing No sign-up bonus. Cons Not accepted at some retailers No linked bank accounts. Cons No physical card or ATMs access. Pros FDIC-insured Allows for budgeted allowances and parent-paid interest on savings Advanced parental controls Excellent customer service reviews.

Compare Debit Cards for Teens When searching for debit cards for teens, you will want to compare them so you can choose the one that best fits your family's needs. Some important factors to consider include: Parental controls : This is the most important criteria to consider. Make sure you have access to the account and can set up usage limits and monitor spending.

Fees : Know the fees before you sign up. There may be monthly fees, ATM fees, foreign transaction fees, and even reloading fees. Make sure you have enough to cover any fees your teen might incur. Availability : You want to consider where the card can be initially applied for and where it will be accepted.

It's not helpful to get a card that your teen can't use at most retailers. Additional features : Does the card offer anything extra? Financial literacy tools and tips are helpful for teens as they learn how to manage their money.

Rewards : If possible, choose a card with rewards such as interest paid on balances or cash back on certain purchases. Help Your Teen Use their Debit Card Responsibly As a parent, you can help your teen make the most of their new debit card, use it responsibly, and build healthy money habits that will serve them well as adults. Methodology When choosing the best debit cards for teens, we evaluated 20 debit cards and then chose the top seven contenders. Article Sources. Your Privacy Rights.

To change or withdraw your consent choices for TheBalance. You never know what the future brings and having a high credit score can be beneficial in many situations. One way of building credit history is to apply for a credit card and then use to pay for things that you have to pay for anyway, such as groceries and utilities.

There are special credit cards available for students. If you are student, especially a young student, you may find it difficult to qualify for a standard credit card.

Many students go directly to college from living at home with their parents, without having a full-time job and an independent household economy in between. With a student credit card, the student can start building his or her credit score and get used to managing credit while still in school. Student credit cards usually come with a low line of credit and no annual fee.

Some will offer perks tied to student life, e. If you have no credit history, or even worse — a bad credit score — you may find it difficult to get a credit card, especially without a cosigner. Fortunately, there is solution available and that is the secured credit card.

To get a secured credit card, you have to make a deposit with the issuer and this deposit will be used as collateral.