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Debit Card for Teens

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Every kid wants a credit card right? Well if you’re like me, you’re too young to get one. The answer is get a debit card! You can start taking out your own money and buy the things you want. BUT the reason most people avoid getting one is because you have to pay a monthly fee and there are many hidden charges just to maintain an account. It’s like slowly draining your money, even if you’re not spending any of it they get YOUR MONEY anyway! Well I’m here to tell you there is a free service that allows you to get a debit card WITHOUT a monthly fee.

You’ve probably heard of PayPal right? It’s impossible not to. Well they have a “Student Card” which is essentially a debit card for teens 13+. All you have to do is ask your parents to open up a student account, transfer some funds into your account (money you’ve earned yourself, of course), and then you can safely shop! A little side note to convince your mom or dad, you can keep an eye on your teen’s purchases to make sure there are no unauthorized purchases. You can set permissions to pretty much anything. And as far as fees go “There are no fees to open, fund, or maintain a PayPal Student Account. If your teen loses their Student Card, we’ll replace it free of charge. Lastly, there are no idle-account fees or fees for closing a Student Account.” Quoted from the website.

This PayPal student card is a quick and easy way to start learning how to manage YOUR money and understand the value of a dollar! Here is the link to get started!

Comments

  1. Carmen Sakurai says:

    Very useful information, Joshua!

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