HOW OLD DO YOU HAVE TO BE TO GET A DEBIT CARD?

Having a debit card is a great way for a young person to begin learning about personal finance. They have to manage an account, keep up with their checkbook, and begin good spending/saving practices.

You have to be at least 13 years old to get a debit card. Whether the limit is 6 or 13 in your area, children with debit cards have to have a legal guardian sign on with them to cover liability.

CAN YOU GET A DEBIT CARD AT 13?

You can, in fact, get a real, full-fledged debit card at the age of 13. Still, it usually has to be on a joint account with your parents or legal guardian.

CAN CHILDREN UNDER 13 GET A DEBIT CARD?

There are many banks out there that don’t really set a limit on how young a child can be as long as it is a joint account with the legal guardian.

WHAT AGE CAN YOU GET A DEBIT CARD WITHOUT A PARENT?

In most banks you have to be 18 to receive a debit without a parent. Still, there are some that will allow teens as young as 16 to do it as well.

SHOULD A CHILD HAVE A DEBIT CARD?

To know if your child is ready for one, pay attention to how they handle other responsibilities in their life.

WHAT ARE THE BENEFITS OF CHILDREN’S DEBIT CARDS?

– Teaches modern money management skills. – Helps avoid bigger mistakes down the road.

ARE THERE ANY DOWNSIDES TO A CHILDREN’S DEBIT CARD?

– It may not be right for every child – You hold the liability

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