10 Best Kids Debit Cards & Prepaid Cards & Why Each Rocks

If you are looking for the best kids’ debit cards, this article is for you.

Whether you are looking for your kid(s) or you are a kid looking for yourself, you will find exactly what you want here.

First, if you are wondering – yes, kids too can use debit cards and prepaid cards.

No, I am not talking about free and redeemable gift cards but actual plastic cards loaded with money they can use as payment.

They ideally help them develop good financial skills from an early age.

The cards can also come in handy as a tool for controlling and managing finances, whether they know ways to make money as kids or not.

They can be used to check account balances, make deposits and make financial transfers to others.

Anything adults can do with debit cards or prepaid cards, kids can do as well!

There are many types of debit cards and prepaid cards out there. These come with different features and packages as advertised by the vendors, banks, or financial institutions.

If you are a kid that has come of age, or you are a parent that wants your kids to manage and master the use of  a debit or prepaid card, then this piece will be very useful to you.

It highlights some of the best debit and prepaid cards for kids.

You will get to know what these cards are, why kids needs them, the 10 best ones out there and why to choose each of these 10.

Related: Legit Ways To Get Free Books As Kids.

 

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What is a Debit Card or a Prepaid Card?

It’s very likely you already know what a debit or prepaid card is. But in case you don’t, let me explain it a bit more…

A debit card is a plastic card that can be used in place of cash for payment. Banks and other financial institutions can issue these cards to customers.

Debit cards are linked to a bank account. Whenever funds are withdrawn with it from designated ATM, the bank account is debited.

This type of bank card is different from a credit card which is used to borrow money from loan companies.

Some forms of debit cards are not linked with bank account. These are called prepaid cards.

A prepaid card is preloaded with cash. It is not linked with a bank account. If you make purchases with this card, only the value of cash linked to your card will be affected.

You cannot spend more than the amount you load on to the prepaid card. If you run into situations that get you saying “I need money now“, a prepaid card won’t help you as a credit card would.

 

Benefits of Kids’ Debit Card or a Prepaid Card

The major benefits of having a prepaid card include:

• It is suitable for those with no bank account.

• It comes in handy for budgeting as you can use it to control the exact amount of money you want to use.

• Prepaid cards can be reloaded with cash after the amount in it has been used.

Despite its advantages, prepaid cards have some disadvantages over normal debit cards. They have fees when you apply and activate the card.

You will also pay fees when you reload the card, and when you use it at some ATMs.

A prepaid card cannot be used to build your credit score and it doesn’t have an interest rate.

Prepaid cards must be used with the utmost care to prevent scams or fraud.

Fraud protection is limited. If your card is stolen or damaged, the issuer may not return your money.

Debit cards and prepaid cards are similar but different in the sense that the former is linked with your checking or savings account in the bank.

The latter is not linked with any account. Both can be used to make payments and to transfer funds.

Security protection with a debit card is covered by law. With prepaid cards, there is no existing law.

However, new rules that cover some form of protection for prepaid card holders are issued by the Consumer Financial Protection Bureau (CFPB). New regulations are rolled out for prepaid cards in May of 2019.

 

Why Debit Cards For Kids?

Kids that have come of age can be provided with debit cards or prepaid cards. These electronics cards can help them:

• Learn how to make money as kids.

• Learn and become practical on how to manage money early.

• Achieve financial discipline so they understand the effort needed in controlling money.

• Understand budgeting and spending with cards

• Understand the importance of living within their means.

• Learn how to build credit history from a young age.

• Understand how to control a bank account.

Also See: Best Side Hustles for College Students and Budgeting Apps For College Students.

 

What to Look Out For When Choosing Debit Cards or Prepaid Cards for Kids

There are things you should lookout for when choosing debit cards for kids. These include:

1. The card must have a fraud protection system

It must be secured in a way that when the card is stolen, it cannot be used without permission. Thus, the card must come with a reliable security system.

2. The card must allow parents to track what the child is spending online

A good debit card should have features so that whatever it is used for is monitored.

3. The card must come with some flexibility in terms of ease of usage

It must easily be linked to a child’s name. Also, the parents can still have the final say as to what is best for the child.

 

10 Best Kids Debit Cards and Prepaid Cards To Consider

 

1. American Express Serve®

This is a prepaid debit card from American Express. It is one of three Serve cards issued by Amex.

This card is popular especially for teens who can use it for various kinds of payment.

The following are some of the features of the American Express Serve Basic card:

• You can receive Free Early Direct Deposit of funds up to two full days.
• You can use this card for free online bill pay
• You will get to utilize this card to make withdrawals from MoneyPass ATMs for free.
• You will be charged only $1 or $0 during each statement period when you direct Deposit $500.

Click here to check out American Express Serve®

Also See: Jobs For 16 Year Old Teenagers (many of them pay very well)

 

2. FamZoo Prepaid MasterCard

This prepaid card comes in handy at helping kids learn good financial skills. It allows parents to take money out of or add money to the account of their kids as a form of “punishment” or “reward.”

If a kid misbehaves, the parent can debit his/her account. On the other hand, if the kid does a good thing, then the parent can add funds to his/her account as a reward.

Teaching a kid how to manage money can help them save them from getting into situations in life when they might end up getting unsecured loans with bad credit, which can cause big financial problems for them for a long time.

FamZoo Prepaid MasterCard can be opened for kids who are at least 13 years old. A parent must be one of the legal account cardholders.

The parents can access the cardholder’s activity at any time. All of the activities on the card can be tracked digitally.

FamZoo Prepaid MasterCard helps teach kids money management skills. It also has the following features:

• You can withdraw from ATMs for free
• You can reload the card for free. However, you will be charged if you direct deposit money.
• You will not pay a per-purchase fee.
• You can be paid as low as $0.63 per month depending on the type of subscription you made and also based on the number of cards you have.

Click here to checkout FamZoo Prepaid MasterCard

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3. American Express Serve® FREE Reloads Card

American Express Serve® FREE Reloads card is one of the prepaid cards issued by American Express under its Serve family.

This prepaid debit card comes with many benefits and is suitable for teens. When accessing this card, there is:

• FREE Online Bill Pay
• No credit check
• No minimum balance
• No hidden fees
• Free online registration,
• FREE Cash Reloads at over 45,000 locations

Click here to checkout American Express Serve® FREE Reloads Card 

Also See: Best Online Jobs For Students (many of them pay big bucks!)

 

4. Pockit

Pockit is one of the best prepaid cards for teens, kids and children. It allows the user to make payments easier.

The good things about using this card include:

• You don’t have to sign a contract
• You don’t pay monthly fees
• You will get 3 additional cards for each account

Pockit Prepaid Card is suitable for kids who are older and can make decision on their own. The reason it is suited for older kids is that the card lacks parental controls and restrictions.

Click here to checkout Pockit

Also See: Companies That Pay You Money Without You Spending Anything.

 

5. Visa Buxx card

Visa Buxx is a popular prepaid card for teens and kids. It allows for you customize the card by uploading photos.

It is a reloadable card that teens can use to make purchases in-store, online, and every other place where Visa debit cards are accepted.

The card also allows boundaries to be set on what can be purchased.

As one of the parents on Kingged.com did, parents can load funds for their kids on this card anytime through an automatic transfer, online and over the phone.

More so, the kids and their parents can track and monitor the spending, balances and reloads on this card online.

Visa Buxx prepaid card is issued to teens who are under 18 years. The benefits for both parents and kids include:

• Parents can monitor and control the spending of their kid with peace of mind.
• Kids enjoy the liberty of making their own purchases without borrowing their parent’s card.
• Parents get to teach their kids money management through this card.

Click here to check out Visa Buxx Card

Also See: How To Earn Money Online As A Student.

 

6. TD Go Reloadable Prepaid Visa Card

TD Go Reloadable Prepaid Visa Card is from TD Bank (Toronto Dominion Bank) – America’s Most Convenient bank.

It provides parents with the opportunity to help monitor and control the spending of their kids. Also, kids are provided with the opportunity to spend money responsibly.

Thus, it is the card that provides parents with peace of mind and gives kids the freedom they want!

This card is easy to get and reload. The card’s web page says:

Easy to get

• Purchase a TD Go Card online
• You will need to provide your teen’s Social Security number
• Have your TD Bank debit or credit card ready to load the initial $20 on the card

Easy to reload

• Load funds using your TD Bank debit or credit card 24/7 online or over the phone
• You and your teen can also set up direct deposit
• Authorize friends and family, such as grandparents, to load funds using their TD Bank debit or credit card

Click here to check out TD Go Reloadable Prepaid Visa Card

Also See: Online Paid Focus Groups That Really Pay (many really pay those who participate in market research, including kids above 13 years.)

 

7. The Movo Virtual Prepaid Visa Card

Movo Virtual Prepaid Visa Card is one of the best prepaid debit cards around. It suits teens and kids. The card comes with many features that include:

• No monthly fees
• Quick Direct Deposit
• Free to register & Activate
• FDIC insured

This card can be used to add cash via bank account transfer, direct deposit and other options.

It also allows you to withdraw funds from PayPal or Venmo.

The Movo Virtual Prepaid Visa Card is a multi use prepaid card that that can be used in more than 6,000 ATMs nationwide. You only need to pay $2 to withdraw cash from out-of-network ATMs.

Click here to checkout Movo Virtual Prepaid Visa Card

 

8. Akimbo prepaid debit card

Akimbo prepaid debit card can be used by parents to help their kids gain financial discipline.

For parents with multiple kids, Akimbo prepaid debit card is the right card. You can use Akimbo to manage multiple accounts tied to a master account you control.

This card comes in handy at ensuring that kids can take control of their finances. The debit card comes with minimal fees and there is no fee on signature purchases.

Kids can use this card easily for payments. It can be loaded by direct deposit, cash, or with a paper check.

Click here to checkout Akimbo Prepaid Debit Card

Also See: Legit Ways To Earn Money Watching Ads.

 

9. Greenlight® Debit card

“Greenlight® is the debit card for kids that parents manage from their phones, using our amazing and flexible parental controls.”

Greenlight® Debit card is a sturdy plastic card that come with other amazing features for kids. It is a preferred solution to carrying cash. This card also comes with reliable security features that allow a parent or the teen to instantly shut it down when it is stolen or lost.

Greenlight® is built with the child in mind as parents can use this card to control or manage their kids’ finances.

The benefits of having Greenlight® Debit cards include:

• It comes with real-time notifications that tell the parent where and when the kids have made a purchase.
• It allows allowances to be paid automatically.
• It allows funds to be sent instantly to the kid from wherever you are.
• It helps kids to save as they can take advantage of the parent-paid interest rate.

Click here to checkout Greenlight® Debit card

Also See: Best Coupon Sites (including those that help you save a lot of money online)

 

10. BB&T LEAP® Account Card

BB&T LEAP® Account Card is a prepaid debit card that offers great parental controls. It comes with so many perks for parents and for their kids.

This card is issued by Branch Banking & Trust Company (BB&T) and is often provided to those with a LEAP Account.

This prepaid, reloadable Visa card comes with the following features:

• No overdraft fees as the card cannot be overdrawn
• Free online e-statements and one free monthly paper statement.
• Purchase security for all eligible items.
• Parental control is provided at a reasonable price – $3 a month.
• Transfer funds to and from other BB&T accounts
• Use your prepaid debit card to make secure purchases with mobile devices from Apple®, Android® or Samsung®
• Free direct deposit
• Free BB&T ATM cash withdrawals and inquiries

Click here to checkout BB&T LEAP® Account Card

 

Conclusion

The above are 10 of the best debit cards and prepaid cards for kids. Each is unique with lots of features. If you are planning to give your kid an opportunity to manage money with a prepaid debit card, then any of the above cards can help.

How To Get $5 to $50 Daily 

Lastly, apart from looking for the right debit or prepaid card for your kids, don’t forget that you can make extra money daily by just sharing your thoughts and opinions. If you are interested and want to make an extra $5 to even $50 every single day online, CLICK HERE to check out this Survey Program.

They are partnered with this very site, Kingged.com and have paid out millions of dollars to millions of everyday people like you for just sharing their thoughts and opinions. They are 100% genuine and won’t require a dime from you to sign up.

Yes, it’s completely FREE to sign up and can make you $5 to $50 daily for sharing your thoughts and opinions or answering surveys online. There are no right or wrong answers when doing the surveys with this company. They still pay you, whether your answers are right or wrong.

CLICK HERE to sign up for FREE and start earning with this company.

 

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