In all of the conversations surrounding education reform, one subject continues to receive very little love: financial literacy. One way to teach is through real-world training with a debit card. It provides the convenience of a credit card without building up debt since the person who uses it draws on money already in a bank account. That makes a debit card a good choice for a teen's first card — something he or she can learn to use while still living at home. Debit Cards: Which Is Better?
What’s a MONEY account?
MONEY: Teen Checking Account with Debit Card | Capital One
Here are all the details, including the features, fees, and limits important to parents and teens. For teens, prepaid debit cards can provide an easy way to track and manage their money. And they offer the convenience and security of a credit card or checking account debit card. For parents, prepaid cards provide a way to track their teens spending.
Top 5 Debit Cards for Teens
The best debit or prepaid cards for teens will charge minimal fees , offer flexibility in reloading funds and allow parents access to the card especially important for kids on the younger end of the teenage spectrum. Older teens with a part-time job and responsibility for their own cell phone bill or other charges may also benefit from features such as bill pay and direct deposit. The best debit cards for teens offer these services for free.
Flexible parental controls that are right for each child and real-time notifications of each transaction. Greenlight is the only debit card that lets you choose the exact stores where kids can spend. Greenlight empowers parents to teach trade-off decisions, money management and the power of saving with a special Greenlight app experience just for kids. With Greenlight Chores, parents manage weekly or one-time chores and motivate kids to get them done.