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Kids Debit Cards: A smart way to Teach Kids About Money

Teaching kids about money management is one of the most valuable life lessons parents can provide. With family-focused services like the Greenlight Debit Card, parents can give their children hands-on experience with budgeting, saving, and even investing—all in a safe, controlled environment. Designed specifically as a debit card for kids, Greenlight makes it easy for families to learn about money and investing together while giving parents oversight and peace of mind.

What to look for in a kids debit card or kids bank account?

It’s important to focus on more than just a Debit Card for children—look for a family finance app that helps kids develop responsible financial habits. Parents should be able to load money onto the card, set spending limits, assign chores for rewards, and even guide their kids in learning about money and investing.

With the Greenlight debit card for kids, up to five children can each have their own account, all managed from a single parent debit card account. This feature makes it a fantastic tool for families looking to teach financial literacy in an engaging, real-world way.

Brands to Know:

Fintechs

Greenlight promotional image featuring a debit card with a smiling young person’s photo, Mastercard and contactless payment logos, and a message inviting parents and kids to sign up, highlighting over 5 million users.

Greenlight is a Fintech with a dedication to building strong financial skills for the next generation through parent-managed debit cards and an educational mobile app

Fintechs

Acorns logo with green text and acorn icon

Acorns is a fintech firm that provides a platform for members to micro-invest spare change in a diversified portfolio along with debit cards and other basic banking services

Banks

Truist offers checking accounts

Two well-known and trusted banks, BB&T and SunTrust, merged to create one of the largest regional banks in the nation, Truist Bank, offering a full suite of banking services

Key Features of the right kids Debit Card

1. Smart Money Management for Kids

  • Parents can allocate money for spending, saving, and giving.

  • Kids learn to budget their own money and make smarter spending decisions.

2. Savings Goals and Compounded Interest

  • Parents can set up interest payments to encourage kids to save.

  • Kids experience how compounded interest works with daily, monthly, or custom rates set by parents.

3. Investing for Kids

  • Greenlight allows children to invest in stocks and ETFs with parental approval.

  • This hands-on investing feature gives kids an early start on building wealth.

4. Customizable Controls for Parents

  • Parents set spending limits and receive real-time alerts on purchases.

  • Controls help guide children in making responsible financial decisions.

5. No-Hidden Fees & Easy Access

  • It’s important to find a no-fee savings account feature like Greenlight’s, ensuring kids can save money without unnecessary charges.

  • Funds should be accessible through the debit card for kids, teaching them real-world money management.

What’s right for Your Family?

For parents looking to provide their children with a kids bank account experience that includes both financial education and real-world application, Greenlight can be an excellent choice. It blends the features of a traditional bank account for kids with modern tools that support financial health for families.

With the Greenlight family debit card, kids don’t just learn how to spend money wisely—they also develop lifelong habits in saving, budgeting, and investing. Plus, parents have the tools they need to supervise, guide, and encourage their children along the way.

Get Started Today

If you’re ready to teach kids about money and give them a head start on financial independence, JumpSteps can help you find the perfect tool. Sign up today and start your family’s journey toward better money management and investing for kids!

By incorporating the right debit card and family finance app into your household, you can empower your children with the skills they need to become financially responsible adults. Don’t wait—help your kids build a brighter financial future today!

Save and Invest Together!

Frequently Asked Questions (FAQs):

  • While many banks offer debit cards, Greenlight offers a family-friendly approach allowing Parents to provide ongoing guidance to children who are just starting to learn about managing and investing money

  • No, only a Parent or Legal Guardian can open an account and then provide access to up to five child accounts. Parents can set spending limits, set flexible controls, get real-time notifications, and turn child cards on or off in the mobile app

  • It’s basically up to you and your child! Upload your own photos, selfies, and more — your card reflects your personal style

  • Yes! With the Greenlight Debit Card, accounts are issued by Community Federal Savings Bank and funds are FDIC-insured up to $250,000 with fraud protection following Mastercard's Zero Liability Policy

  • With the Greenlight Debit Card,customer support is available 24/7

Ready to get started?