The Best Free Debit Cards For Kids To Teach Them About Money

Giving your child a debit card can be an excellent way to teach them about money and budgeting early in life.

It’s important to understand your options before choosing which debit card to get your kid, especially when it comes to cost.

So here, we compiled a list of some of the best debit cards for kids, including a couple of free options you should consider.

1. Current Visa Debit Card

Current offers more than just a debit card. They offer a mobile app with a whole suite of products, including teen banking. Monthly Fee: $3 ($36 billed annually) Card Purchase Fee: $0

Gohenry offers a free 30-day trial. After that, it is one of the more expensive cards on the list, coming in at $3.99 per month per child. Monthly Fee: $3.99 Card Purchase Fee: $0

2. Gohenry Prepaid Mastercard

FamZoo Mastercard is designed for kids, it offers a lot of neat features, including: 1. Setting up payments for chores 2. The ability to set savings goals for your kids Monthly Fee: $5.99

3. FamZoo Mastercard Reloadable Prepaid Card

The Akimbo prepaid debit card is technically free. However, even though there is no monthly or annual fee, there is a litany of other costs. Monthly Fee: $0 Card Purchase Fee: $0

4. Akimbo Prepaid Mastercard

5. Greenlight Kids Debit Card

Greenlight is another card designed for kids. The pricing is set up similar to FamZoo, where you pay $4.99 per month but can have multiple kids on the account. Monthly Fee: $4.99    Card Purchase Fee: $0

Swipe Up To Read More