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.
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.
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.
With a highly comparable checking account product as Axos’ First Checking, Nationwide’s First Checking also acts as an ultimate starter checking account with a debit card for teens. We feel both deserve spots on this list for their features and price point: free (no monthly fees).
Capital One MONEY Teen Checking acts as a money management account with a debit card and a top-rated, free mobile app for teens. It’s hassle-free and designed to give you peace of mind as your kids grow into independence.
These accounts for teens usually grant power over the account to the adult co-owner, such as by setting spending limits, receiving account alerts or even deciding where a teen can shop through the attached debit card on the account.