
'Best Debit Cards for Kids in 2022| (KIDS DEBIT CARD REVIEW) By: Dow\'s Stock Talk What Are The BEST Kids Debit Cards in 2022 The best debit card for kids aims to teach your child how to manage their money. When searching for a card, you have two options: a prepaid debit card or a debit card attached to a checking account. Kids’ prepaid cards typically charge a monthly fee, but you’ll gain access to chores and allowance features and the age requirement is lower. On the other hand, debit cards that come with a kids’ checking account typically don’t charge a fee, but your kid may need to be 13 to 17 years old and its financial education tools come in the form of quizzes or are non-existent. --------------------------------------------------------------------------------- -------------- Subscribe to My Channel For More Videos Follow me at Facebook - https://www.facebook.com/DowsStockTalk/ Instagram - https://www.instagram.com/dowsstocktalk/ Twitter - https://twitter.com/DowsStockTalk --------------------------------------------------------------------------------------------------- In this video I will be going over the top five debit cards for kids. I will be covering the pro and the cons about each card. Greenlight https://www.greenlight.com/ The Greenlight debit card is the best debit card for parental controls because it lets you set spending limits for specific retailers. Greenlight also stands out because its maximum card balance and transfer limit are higher than most cards for kids. Plus, it\'s the only prepaid debit card for kids that earns a 1% or 2% savings boost per year on balances below $5,000, depending on your plan. Famzoo https://famzoo.com/ The Gohenry debit card is the best personalized card for kids from age 6 to 18 because it lets your children choose their own personalized card from a set of designs Gohenry provides. It also stands out for its Money Missions tool, which turns financial literacy into an interactive game your kid can enjoy. Other perks include a 30-day free trial offer and overdraft protection, which automatically declines your child\'s purchases when they exceed their balance. First Chase Banking https://account.chase.com/banking/first-banking Chase First Banking stands out as its one of the only checking accounts for kids that comes with chores and allowance features and allows kids as young as 6 to get the account. Most checking accounts require kids to be at least 13 to 17 years old. Plus, because this account is powered by Greenlight, you will get some of the basic features from Greenlight but with no monthly fee requirement. But parents will need to be Chase customers to open this kids’ account. If you don’t currently bank with Chase, you can open an account like Chase Total Checking to get started. Go Henry https://www.gohenry.com/us/ The Gohenry debit card is the best personalized card for kids from age 6 to 18 because it lets your children choose their own personalized card from a set of designs Gohenry provides. It also stands out for its Money Missions tool, which turns financial literacy into an interactive game your kid can enjoy. Other perks include a 30-day free trial offer and overdraft protection, which automatically declines your child\'s purchases when they exceed their balance. Busy kids https://busykid.com/ The BusyKid Visa Prepaid Spend Debit card is best for customer service because it offers faster response times after it upgraded its customer service platform in 2020 and we\'ve never had an issue getting a hold of a customer representative. Busykid also stands out because it lets kids buy real stocks with as little as $10 and you\'ll only spend $3.99/month to use it. Although Greenlight also offers investing, you\'ll need to upgrade to its $7.98/month plan to use it. Like many other kids\' debit cards, Busykid also offers chore assignments and automated allowance payments. But you can\'t limit spending at specific retailers, which other kids\' cards like Greenlight allow. Capital One Money https://www.capitalone.com/bank/checking-accounts/teen-checking-account/?external_id=360B_MM_SEM_71700000083779820_GOOGLE_58700007109641476_43700063923565360&gclid=Cj0KCQiAq7COBhC2ARIsANsPATE0YV1V6l0Tj-aCCC4lJiXeM5VX0PSoEJgyxKxbr6K38h5VwshKDFIaAqPeEALw_wcB&gclsrc=aw.ds The Capital One Money account earns interest, lacks fees and is open to children as young as 8. And unlike other banks that require parents to have personal checking accounts with the same bank before they can open a kids’ account, Capital One doesn’t have this requirement. Plus, Capital One doesn’t charge international transaction fees on this account. Although the Famzoo debit card doesn’t charge foreign transaction fees either, you’ll pay $4.99 a month to use it whereas Capital One Money is free to use. Intro 0:00 Option 1 2:48 Option 2 5:19 Option 3 7:18 Option4 8:26 Option 5 9:27 Bonus -'
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