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.

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.

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

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.

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

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.

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

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

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

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

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.

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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