16 Best Money Apps for Kids (Debit Cards, Investing & Mgmt)
Thankfully, this idealistic start for making an investment in your child’s future isn’t as unreachable as it once may have been. In fact, there are several helpful resources to teach financial literacy to your kids.
1. Chase First Banking
Teach your kids to spend, save and earn — all from the Chase Mobile® app. Chase First BankingSM helps parents teach teens and kids about money by giving parents the control they want and kids the freedom they need to learn.
2. Greenlight Card
Greenlight provides parents control over where their kids can spend money by limiting the stores where their cards work. Parents can get alerts when money is spent on the Greenlight debit card and for how much.
goHenry is a banking app for minors that comes paired with a debit card. You have an online account which comes linked to individual accounts for each of your children.
FamZoo acts like a regular checking account with a linked debit card except FamZoo makes sure the account can’t be charged overdraft fees, saving you money.
The full suite of offerings includes the ability to establish custodial accounts for minors to invest, regular and retirement investment accounts for adults and a bank account with linked debit card.
With no hidden banking fees, no minimum deposit or balance requirements, and fee-free ATM access, Stash may be a strong choice for consumers who prefer to do their banking and investing all through the same platform.
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