How to Choose the Top Free Debit Cards for Kids

Since you use the debit card to teach your children about managing money, choosing the correct card for them is crucial. While looking for a debit card for your child, take in mind a few key considerations in addition to the minimum age restrictions.
Security: When it comes to your child’s safety online, you can never be too careful.

Look for a card that complies with the requirements of The Children’s Online Privacy Protection Act (COPPA), a federal law intended to safeguard children’s private information online, by researching each card’s security features and data protection.

The obligations of COPPA include giving notice and obtaining agreement from parents before collecting information about a child under the age of 13, establishing a complete and transparent privacy policy, and maintaining the security and confidentiality of a child’s information.

Features:

Look through the available card options to locate the features you want. Younger children may benefit most from a simple card that offers spending and saving options and strict parental supervision. Some apps contain investment or charitable giving options, which may appeal to older children and teenagers who are more mature and capable of handling such responsibilities.

Parental controls:

There are many tiers of parental controls offered by each card issuer. While keeping an eye on your child’s spending and account activity, you also want a card or app that makes it simple for you to impose rules or restrictions. Look for a card that is user-friendly and has the features you desire for your youngster.

Spending limitations:

Depending on your child’s age and maturity, it may be advantageous to select a debit card that enables you to set spending limits to avoid overspending and block transactions at particular retailers. Many children’s debit cards have restrictions on particular types of retailers, such as those who sell alcohol or other restricted substances. Additionally, they might enable parents set transaction restrictions for particular merchants or totally prevent them.

Frequently Asked Questions:

Which debit card is ideal for my child?

The best debit card for a child is one that is appropriate for their age and level of maturity, offers simple and convenient parental controls, and takes the security of personal information seriously. Look for a card with educational aspects for children to help them comprehend the worth of money and to make learning about personal finance enjoyable and interesting.

How is a debit card obtained by an 11-year-old?

A debit card can be obtained by an 11-year-old through a debit card for kids app or by creating a joint or custodial bank account with a parent or legal guardian. Look for a checking account that has minimal or no fees, parental controls, and restrictions.

Where can I get my kid a debit card?

Banks like Capital One, Axos, or Alliant Credit Union, as well as financial technology applications like Till, Greenlight, Current, or GoHenry, offer debit cards for kids. Many conventional banks now provide bank accounts with debit cards for young customers, albeit these accounts may come with less parental controls.