In fact, any steps you can take as a parent to promote financial literacy early can go a long way in shaping your kids’ futures.
However, not all kid’s debit cards are created equal.
Some have higher monthly fees. Others are free but charge ATM and card reload fees, and a handful of cards offer additional features above and beyond the competition.
Understanding your options before choosing which debit card to get your kid is essential that’s why we compiled a list of the best debit cards for kids, including a couple of options for teens.
1. Greenlight Prepaid Mastercard, All ages
Starting off the list is our pick as the best option for kids’ debit cards. Greenlight is a debit card specifically designed for kids. Their tagline is “the debit card for kids, managed by parents.”
While it costs $4.99 per month, it’s perfect for families with multiple kids as the monthly fee includes up to five cards. Cards are free unless you opt for custom cards, which cost $9.99.