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

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

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Some have higher monthly fees. Others are free but have ATM and card reload fees. And a few cards offer features above and beyond the competition.

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

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There are a lot of money lessons that kids can learn when using a debit card. Though, the one skill that they will likely pick up above everything else is budgeting.

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At the very least, giving your kid a debit card and talking about money will help promote financial literacy.

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1. Akimbo Prepaid Mastercard 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.

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2. Movo Digital Prepaid Visa Card The Movo card outshines Akimbo as a free debit card for kids in a few ways.

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3. Current Visa Debit Card The Current card is not free, but it does offer transparent pricing and a one-month free trial.

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4. FamZoo Mastercard Reloadable Prepaid Card The FamZoo card is probably the most popular kids’ debit card option on this list.

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5. Gohenry Prepaid Mastercard Gohenry is designed for kids, similar to FamZoo, and offers a sleek app intended to help teach kids about money.

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6. Greenlight Kids Debit Card The pricing is set up similar to FamZoo, where you pay $4.99 per month but can have multiple kids on the account.

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Bonus: Open a Joint Checking Account The bonus option on this list is to opt for a regular (non-prepaid) debit card.

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