Teen checking accounts provide this by allowing parents to set up account alerts and rules, have online and mobile access as a joint account holder, transfer money from their linked checking account and oversee their kid’s debit card spending.
First Checking by Axos Bank is the ultimate starter checking account for teens, which comes with a debit card. The banking world can be a little scary, but not with the simplicity and power of Axos’ First Checking Account.
Axos Bank First Checking: Best Free Teen Checking Account w/Interest
Parents can set up the account and use monitoring tools to oversee account activity as the adult co-owner of the account. All the while, you can also allow your teens to manage money on their own with a debit card parents can lock and unlock.