The Best Debit Cards for Kids & Teens 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. With consumer debt in the US growing to over $14 trillion–according to CNBC and the Fed–any step you can take to help promote financial literacy early can go a long way.

However, not all debit cards for kids are created equal. 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. So we compiled a list of some of the best debit cards for kids, including a couple of free options you should consider.

Kids can learn a lot about money through using a debit card. One skill that they will likely pick up above everything else is budgeting.

What Debit Cards Can Teach Kids About Money

Monthly Fee: $4.99 Card Purchase Fee: $0 Reload Fee: $0 ATM Fee: $0 Starting off the list is Greenlight, a debit card specifically designed for kids.

1. Greenlight Kids Debit Card