The best debit cards for kids of September 2022
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Kids’ debit cards can be a useful tool for teaching children or teenagers about how to be smart with money.
Below, you’ll find our top picks for kids’ debit cards. We’ve researched specific features and fees so that you can narrow down your options and choose the best debit card for you and your child.
Best kids’ debit card overall: Famzoo Prepaid Debit Card
Best kids’ debit card for strong parental monitoring features: BusyKid Spend Card
Best kids’ debit card for a traditional banking experience: Chase First Banking Debit Card
Best kids’ debit card for financial literacy education: GoHenry Card
Best kids’ debit card for teens: Copper Debit Card
FamZoo Prepaid Debit Card (jump to FamZoo card details »)
Why it stands out: The FamZoo debit card is a good option for families with more than one child. You can get up to four free debit cards with one subscription. At other institutions, you may have to get individual plans for each child.
It also may be worthwhile if you’re looking for a debit card that’s easy to use. Access FamZoo through your computer, Famzoo’s mobile app, or even via text message, so your child doesn’t need a smartphone to use and manage the card.
You also don’t need to link a bank account, which may be a requirement at other companies. Instead, FamZoo allows you to load cash onto your card at Green Dot locations. However, you may be charged a fee by participating retailers.
Monthly service fee: $5.99 monthly, $25.99 for six months, $39.99 for 12 months, OR $59.99 for 24 months
Look out for: FamZoo has multiple plan options, but the most affordable is the 2-year plan. You’ll prepay $59.99 for two years ($2.50 per month), which is a lower fee than with some of our other options. If you need more than four debit cards, there’s also a one-time $3 fee for each additional card.
BusyKid Spend Card (jump to BusyKid card details »)
Why it stands out: BusyKid offers kids’ debit cards for children between the ages of 5 and 17. Parents and kids will manage the card through the company’s mobile app.
The BusyKid Spend Card has a lot of options for kids to take make financial decisions, but parents have to weigh in on the decision first.
For example, children will need to get approval before making a debit card purchase or donating to participating charities. Parents also have the option to lock money transfers between savings and spending categories to limit spending.
Monthly service fee: $3.99 monthly OR $38.99 annually
Look out for: To put money into the debit card, you’ll need to link an external bank account, debit card, or credit card. You won’t be able to deposit cash onto the BusyKid Spend card.
Chase First Banking (jump to Chase card details »)
Why it stands out: If you’re looking for a traditional brick-and-mortar bank experience, Chase is an excellent choice. Chase has the biggest branch network in the US — it has over 4,800 locations in 48 states. You’ll have access to over 16,000 free ATMs.
Chase First Banking has a debit card attached to a bank account. There are zero monthly services and zero overdraft fees. The debit card also has strong features that make it easy to use. Parents may set limits or alerts on how much a child can spend or withdraw, and kids have savings and spending tools to set individual goals.
Monthly service fee: None
Look out for: To open Chase First Banking, parents must already have a Chase checking account. The bank also charges out-of-network ATM fees if you don’t use a Chase ATM.
GoHenry Card (jump to GoHenry card details »)
Why it stands out: The GoHenry Card can be used by kids between the ages of 6 and 18. You might like GoHenry if you’re looking for strong financial literary features for children.
The mobile app has a unique feature called Money Missions, which teaches kids about different topics in personal finance, like budgeting and investing. Lessons are also age-specific, so young children may learn about money basics, while older kids pick up more nuanced money topics like investing in stocks or borrowing responsibly.
Monthly service fee: First 30 days free, then $3.99 monthly per child to $6.99 monthly for the Family Plan
Look out for: To put money onto the GoHenry debit card, you’ll need to link an external bank account or debit card. You won’t be able to deposit cash onto the GoHenry debit card. If you use a GoHenry debit card at an ATM, you’ll be charged a fee by GoHenry.
Copper Debit Card (jump to Copper card details »)
Why it stands out: With the Copper Debit Card, you won’t need to worry about monthly service fees, overdraft fees, or minimum balance fees. Up to $250,000 is secure in your Copper Account through the platform’s partner, Evolve Bank & Trust.
Copper is part of the Allpoint ATM network, where you’ll have access to over 55,000 surcharge-free ATMs. Copper also has strong financial literacy resources designed specifically for teens. Teens can learn about everything from mortgages to credit scores through short videos and guides. They can also take quizzes to test their knowledge on different topics. Copper even offers free financial workshops at high schools that may be booked on the platform’s website.
Monthly service fee: None
Look out for: To use a Copper Card, your child has to be at least 13 years old. Customer service is also limited to email or in-app support. If strong customer support availability is priority for you, you may one of our other top picks.
Kids’ debit cards that didn’t make the cut and why
Here are some other prepaid debit cards we looked at and our reasoning for not choosing them as our favorites:
Are these companies trustworthy?
Normally, we compare companies’ Better Business Bureau grades. But not all of our favorite kids’ debit card companies have been graded by the BBB, so we aren’t factoring scores into our trustworthiness review.
Chase is the only institution on our list that has been involved in a recent public controversy.
In 2020, JP Morgan Chase & Co. paid the Department of Justice $920 million when charged with wrongful trading.
JP Morgan Chase & Co. also paid $800,000 in back wages in a settlement in 2020 with the US Department of Labor that accused the company of underpaying women. The US Department of Labor also required the bank to provide a total of $9 million for compensation adjustments over five years.
Methodology: How did we choose the best kids’ debit cards?
We examined over a dozen kids’ debit cards before selecting our favorites. We wanted to provide you with options, so we compared various features and services to find the standouts for each category.
For every debit card, we looked at how it could be used. For example, you should be able to use a debit card for both online purchases and in-store purchases, as well as at ATMs. If a card had a special perk like a budgeting app or parental monitoring features, we took that into consideration, too.
Kids’ debit cards may often have monthly service fees, but we chose ones that are pretty manageable. We looked at charges for signing up for a card, reloading money, or using an ATM, to find options that didn’t charge high fees. If debit cards have tiered-bank account options we compared different price points and features for each plan.
Frequently asked questions