Minors can’t open their own bank account until they reach the age of majority in their state—often 18 years old. Parents can choose one possible path: opening a subaccount from their own bank account to provide their kids with a card to use.
You open a goHenry account, receive your children’s debit cards in the mail 7-8 business days later, set up an automatic weekly allowance transfer into your children’s accounts and can set up one-off or weekly spending limits.
Current is a banking app designed for all families. The Current app allows you to track your teen’s spending in real-time, set limits on how much they can spend, and even block specific merchants on Visa-enabled prepaid debit cards.