The best debit card for your kid is the one that empowers your child and provides the education necessary to help them adjust to managing their own finances. Here are two good options to get you started.
Greenlight
Greenlight is a solid debit card for young starters. It’s a great fit for both kids and parents because it allows parents to monitor and control their child’s spending while offering a personal finance app you and your child can use to manage their money.
Parents have control over the amount of money being transferred and what stores and locations that money can be used in. You can even see the specific items your child is spending money on.
Fidelity Youth Account Debit Card
Another good option is the Fidelity Youth Account, a dedicated account for children with a no-fee debit card for teens. There are no monthly fees or account minimums, which is good news for parents who want to get their child a debit card without worrying about the costs of maintaining one. Fidelity also offers a Youth Learning Center, which provides additional support for children to help jumpstart their financial lives.
Both these cards are good options for your kid’s first time owning a debit card. Assuming they demonstrate good spending habits as they grow older, they can transition to a Chime Visa® Debit Card when they turn 18 to take advantage of the full set of features we offer.
