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Tweens and Teens
Reply to "Teen Venmo account and/or Greenlight"
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[quote=Anonymous][quote=Anonymous]We use the capital one teen money account. Comes w a debit card. [/quote] This is what we use. My ds has had his since He was 12. he is 17 now. His account looks like another account in my app, but with the teen app only has access to their account. You can transfer money to them. You can turn off their card. He actually just started using the app a couple of years ago. But he has it so that it texts him when transactions go through - mainly so he can keep track of the credits (see reimbursements comment below) He can deposit a check, set up, Apple Pay, etc…. Such a learning experience for a 16-year-old. I love that I can see what he buys and can transfer money to his account. when my son buys items (like gas) he can put in his app to request reimbursement, and when I go into my app, I can just tap accept or deny, and it auto transfers the funds back to him. It has a savings element, Where he can see that he has, for example $100 in his account where $20 is set aside as savings. This is totally controlled by him. And when your kid turns 18, you can convert it to a regular checking account for them[/quote]
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