Debit & Credit card

Best Child Bank Account with Debit Card | Top 3 Child Bank Account

Preparing for the future of your child is not always easy! Between the choice of studies, a possible move, and the question of the budget, this stage of life is not to be taken lightly. The best child bank account with a debit card has the advantage of making it easier to hand over pocket money or even teach your child to manage their resources before the big leap into student life. You can easily gain from this in the preceding paragraphs below.

Furthermore, as the family grows, many parents consider opening a bank account in their son or daughter’s name to deposit their first savings. Starting to deposit money into an account from the beginning will help your child get used to saving and will create a safety cushion for the future.

Why should you open a Child Bank Account with a Debit Card?

Why should you open a Child Bank Account with a Debit Card

There are several good reasons to opt for this account type. This includes:

Easy creation

If you desire to get a child bank account with a debit card, nothing could be simpler. All you have to do is go to the bank of your choice and request the opening of an account for minors. Regular accounts for children usually offer a bank card with systematic authorization. This makes it possible to check the funds available before the validation of each transaction as well.

Learn More: How to Financially Plan for a Baby

Learning more about money and finance

Having an account with a debit card can help your child learn about the magic of compound interest, the different types of financial accounts, and how to manage money in everyday life.

Your child can also learn banking, how to deposit a check, or how to handle real-life banking conversations at a physical bank.

Developing the habit of saving their own money

If you’re trying to teach your children how to manage their money or save a certain percentage of their income, having a bank account can make it all real for them. It can also teach them how to use it for different financial purposes.

Saving money for a specific financial goal

If your child wants to buy a new video game console, save money for a trip with friends, or some other special purchase, he can use his account to achieve those goals. In the end, having a child bank account can help your child learn how to set financial goals and make decisions about using money responsibly.

Best Child Bank Account with Debit Card

child bank account with debit card

One of the most frequent options for parents is to open one of the bank accounts for children that banks offer to the little ones in the house. However, not all products are the same. Some options are more interesting than others since they offer remuneration or promotions. 

To help families choose the best option, we have highlighted some of the best bank accounts for children with debit cards on the market. Come along!

Young Nickel Child Bank Account

The Young Nickel child bank account is an excellent option in this regard. 

Offered at $20 per year, the bank account is accessible to children and includes a Standard debit card with systematic authorization.

Benefits of the Young Nickel child bank account

This child bank account comes with the following benefits:

  • Attractive price: This includes a child bank account and debit card at $20 per year
  • Efficient parental control: from a dedicated space, parents can choose the limits of the child’s bank account, add beneficiaries and consult their child’s spending history.
  • Physical point of sale: parents can open an account and deposit cash at any partner shop
  • Easy modification: This includes modifying withdrawal and payment limits and updating the account balance as the teenager is spending.
  • Easy funding: To do this, you can choose between different methods such as via online transfer and physical cash deposit.
  • Standard debit card with systematic authorization

Requirements to obtain the Young Nickel child bank account

To obtain the Young Nickel child bank account, follow these steps:

  • Complete the online form
  • Submit supporting documents
  • Validate the opening request
  • Your child receives his debit card in a few days at home

Orange Child Bank Account

The Orange child bank account is part of the family pack billed at $ 9.99 for six months, then $12.99 per month. It also includes a debit bank card with systematic authorization.

This premium family pack includes:

A bank account, an Orange Premium card, and a parental control tool for the parent

A bank account, an Orange Plus card, and access to a dedicated digital space for minors (up to 5 children)

The Orange bank card for adolescents and children is a card with systematic authorization combining the advantages of an Orange Premium bank card for adults. No overdraft is authorized, and the teen’s bank account balance is verified before validating a transaction.

Benefits of the Orange child bank account

The benefits of the Orange child bank account include the following:

  • An account integrated into a family pack.
  • It is a bank card with premium advantages. This includes insurance and assistance, no costs abroad, etc.
  • Subscription is a few minutes: you can subscribe to the family pack on the internet without having to visit the bank’s branch.
  • Efficient parental control: This includes choice of withdrawal and payment limits, temporary blocking of the payment card, consultation of expenditure history, etc.
  • Savings system available: This entails an online pot.
  • Easy funding: To do this, you can choose between different methods such as via online transfer and physical cash deposit.
  • Standard debit card with systematic authorization

Requirements to obtain the Orange child bank account

To obtain the Orange child bank account, follow these steps:

  • Complete the online form
  • Download the contract and complete it
  • Return the contract with the supporting documents to the bank
  • Your child receives his debit card in a few days at home

The Pixpay Child Bank Account

The Pixpay child bank account is one of the best child bank accounts with a debit card. This bank account at $2.99 per month is accessible to children. The Pixpay child bank account includes a debit bank card. Here, the parent needs to top it up so that the child can start making payments and withdrawals. No overdraft is authorized, and the account balance is queried before authorizing a transaction too.

Benefits of the Pixpay child bank account

The Pixpay child bank account comes with the following benefits:

  • An attractive price: a child bank account and debit card at $ 2.99 per month
  • You can control the account from mobile: the child and the parent can obtain access to an online customer area.
  • Very efficient parental control: limitation of withdrawals and payments, blocking of the account and certain businesses, deactivation of internet payment, consultation of the card balance
  • Savings scheme: the bank for children provides a pot through which minors can put money aside to finance a project.

Requirements to obtain the Pixpay child bank account

To get the Pixpay child bank account, parents need to register via PixPay’s website or mobile app and provide their personal information. No supporting documents are required to obtain the debit card, but documents are subsequently required to benefit from all the bank’s services.

After subscription, you receive access to a mirror application dedicated to parents from which you can control your child’s bank account.

Frequently Asked Questions 

Can I get a debit card for my child?

You can get a debit card for your child by using the steps highlighted above.

Which bank is best for a child account?

The Young Nickel child bank account stands as the best for a child account

Can a ten-year-old have a debit card?

A 10-year-old can’t have a debit card.

What banks allow 12-year-olds to have a debit card?

The following banks allow 12-year-olds to have a debit card:

  • Greenlight Debit Card
  • Capital One MONEY Teen Checking Account
  • Alliant Credit Union Teen Checking Account
  • Gohenry Debit Card

At what age can a child get a debit card?

At age 13, a child can get a debit card.

Can a 12-year-old have a Visa debit card?

A child has to be up to 13 years to get a Visa debit card.

Which is better, Greenlight or Gohenry?

The Greenlight is better because it cost less for families with two or more children.

At What Age Can a child get a debit card

At age 13, a child can get a debit card.

Can an 11-year-old get a debit card?

A child has to be up to 13 years to get a debit card.

At what age can a child have a bank account?

A child can have a bank account at age 11.

Can I open a bank account in my child’s name?

Yes. Some special bank offers allow you to open a bank account in your child’s name.

Conclusion

In conclusion, setting up a child account for your children can help them feel special and grown-up. You can even inspire them to learn more about finance and invest and develop better financial habits early on. For more help on this, the highlight of the best child bank account with the debit card above would be indispensable for you.

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