What are the best virtual banking apps for kids?

Bankaroo is another virtual banking app designed to teach kids useful skills for managing their money. Kids can practice setting goals and tracking their spending. They can budget for big purchases or events and see how their behavior tracks toward long-term objectives. If they're successful, kids can earn badges for their efforts.

Should kids have a checking account with a debit card?

A checking account with a debit card is ideal to help kids gain financial responsibility. With parental supervision, kids can learn how to manage money and build healthy financial habits. Take a look at our guide on the best first checking account for kids to learn more.

Can my child use a debit card if he needs more money?

You can set limits on where and how much your child can spend or withdraw from ATMs. Within your set limits, your child can make purchases with their debit card. If your child needs additional money, you can approve or reject their request. Account Alerts help you stay in the know about your child's spending.