What are the Best Banking Apps for Kids & Teens?

Kids and teens these days are more savvy with technology than we ever were as children, so it’s not surprising that they are using banking apps.

What are Banking Apps for Kids and Teens?

Many kid-focused banking apps come with debit cards that are personalized for you. Mobile banking apps for minors make it easy to manage money and teach kids the value of spending and saving. However, these are not your traditional bank accounts.

How Do Banking Apps Work?

These banking apps come with prepaid debit cards for teens that have parents control and allow you to fund money through transfers from existing checking accounts. Grown-ups can monitor, limit and pick specific locations where cards can get used.

Do I Have an Account at an Actual Bank?

These platforms are actual banks, just not in the traditional sense of having established real estate to enter when needing to use a bank’s services. These online-only institutions function just like actual banks save the physical location you traditionally visited in the past.

How Do I Deposit Money on Banking Apps for Teens?

Banking apps for teens allow a parent or guardian to send money from their own account as one of the features for funding an account. 

What are the Best Banking Apps for Minors?

1. Axos Bank First Checking

The account works as a joint account between a parent or guardian and their teen, allowing for easy-to-set, customizable parental controls with a debit card dashboard.

What are the Best Banking Apps for Minors?

2. Chase First Banking

Chase First Banking offers simple banking for both of you in one location: the Chase Mobile® App—for free

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