As digital banking through an online portal and mobile app interface become the norm for how we buy and sell goods, get paid, transfer money and more, kids need to keep up with the times or risk getting left behind.
While cash is still king, that only works for face-to-face transactions. Many of our needs now can be met online and that requires plastic of some sort, namely in the form of a debit card or credit card.
Does a Child Need a Checking Account to Get a Debit Card?
Once kids have mastered how physical money works and the concepts behind it, moving to a digital-based prepaid debit card might serve as a good next step.
What Age Can a Child Have Bank Accounts with a Card?