Can a 12-Year-Old Get a Debit Card? Parents’ Guide to Prepaid Options
Discover if your 12-year-old can have a debit card and learn about prepaid options designed for minors.
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Yes, your 12-year-old can have a card depending on the type. Prepaid debit cards and bank account-linked debit cards designed for minors are available. These cards offer parental controls, allowing you to monitor spending and set limits. They are a great tool for teaching financial responsibility and budgeting to kids. Always check with your bank or financial institution for their specific offerings.
FAQs & Answers
- What age can a child have a debit card? Typically, children can have a debit card at age 12, especially for prepaid options that include parental controls.
- Are there prepaid cards designed for minors? Yes, many financial institutions offer prepaid debit cards specifically designed for minors with parental controls.
- How can my child learn to manage money? Using a debit card can teach children about spending, saving, and budgeting, providing practical financial education.
- What features should I look for in a debit card for my child? Look for features like parental controls, spending limits, and options for linking to an educational app.