Kids’ debit cards offer a way for parents to control and monitor spending.
But more importantly, debit cards for kids can be a powerful learning tool to develop savings and budgeting skills that build a strong financial foundation for the future.
When children learn to manage their own finances, they gain a sense of accomplishment and control over their lives.
Kids's Debit Cards with Parental Controls
Axos Bank Teen Checking
- Designed for students 13 to 17 years old.
- $50 minimum deposit.
- No monthly maintenance fees.
- Built-in parental controls.
- Account holders earn 0.10% APY on their balances.
- Get up to $12 domestic ATM fee reimbursements per month.
- Enable biometric login for extra security.
Parental controls. Sync your accounts to one dashboard to lock and unlock your teen’s debit card and set up account alerts.
Set debit card transaction limits. Set daily transaction limits of $100 in cash and $500 with debit cards to help parents keep control of their teens’ spending. Parents can also view spending.
The importance of teaching kids money management
Kids learn best by experience. Early exposure to saving, delayed gratification, spending and investing helps children develop healthy habits and attitudes towards money.
Money management skills are transferable to other areas of life, helping children become responsible and independent individuals.
By understanding the value of money and the difference between needs and wants, children learn to make informed choices about their spending, setting them up for success in the long run.
