It can be difficult to teach children how to spend and save responsibly, but it doesn’t have to be. A debit card can be a valuable educational tool, especially when the kid is in charge of their own spending with guardrails installed by parents.
What is a Debit Card for Kids and Teens?
Minors can’t open their own bank account until they reach the age of majority in their state—often 18 years old. Parents can choose one possible path: opening a subaccount from their own bank account to provide their kids with a card to use.