Caxton Currency Card

Permanent UK Resident | |
Minimum Age | 18 years |
Prepaid cards for kids can be used by teenagers for purchases or emergencies, and they only let you spend the amount you load onto the card.
You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.
1
Compare prepaid cards
By comparing prepaid cards for teenagers you know what's available in the market and can choose a card that's right for you.
2
Pick the prepaid card deal you want
When choosing a prepaid card for teenagers, think about the features most important to you and make sure you're aware of any fees charged.
3
Apply for a prepaid card
Once you've chosen a card you like, you can fill out and application form by providing your name and contact details.
Permanent UK Resident | |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Additional Cardholders Minimum Age | 13 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Minimum Age | 18 years |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Permanent UK Resident | |
Minimum Age | 18 years |
Additional Cardholders Minimum Age | 13 years |
Yes, there are many providers who offer prepaid cards for kids. They are often also known as bank cards or debit cards. Children as young as six years old can get some prepaid cards, but an adult will need to manage the account.
Some providers will restrict their products to adults by setting a minimum age of 18 or 21, but all the prepaid cards in this comparison accept under 18s.
A kids debit card is usually taken out and managed by a parent. The person managing the account needs to be over 18 and can add money or set spending limits.
Like a credit or debit card, your child can use the prepaid card to make purchases in shops or online, or to withdraw cash. The main difference is that the only money you can spend is what you have already put onto the card. You cannot borrow money through your card, or get into any debt overdrawing on the prepaid account.
Parents should make the decision on whether their child is ready to have a debit card. Many parents might choose to get a kids debit card, so that they can instil financial literacy from an early age.
The advantage of a kids debit card, is that you can only spend the many that's on the card. And parents can monitor and track what their children are spending on.
Some prepaid cards allow parents to set spending limits or controls on where the card can be used.
Read more about how to teach your children about money
Compare the following features when shopping around for a debit card for your kids:
Watch out for the fees
Costs on prepaid cards can vary significantly on different cards. Most prepaid accounts will have either a monthly or yearly fee. Some even charge a fee for every transaction.
Spending limits
For kids, you'll ideally want cards that let you put limits on daily spending to keep them in check. You might also want to be able to block transactions from specific stores.
Online shopping
With kids online shopping can be convenient at times, but dangerous in others. So you might want to find a prepaid card that gives you the option to disable online transactions.
Costs and charges can vary depending on the provider, but some common fees can include:
A fee when you buy the card
A monthly or annual fee
A cash withdrawal fee
A fee when you buy anything with the card
A charge for adding money to the card's balance
Fees for using the card outside the UK
Work out how often you are likely to use the card so you can find the cheapest one.
Prepaid cards are an excellent way to introduce your children to money. As the world of money becomes increasingly cashless, getting your children started with digital money early is a great way to learn how to be responsible with money online and to prepare them for the future.”Salman Haqqi, Personal Finance Editor
The right prepaid card could be the cheapest way to spend money or withdraw cash in another country. Here is everything you need to know about them and how to choose the right one.
Read MoreTalking to children about money can make it easier for them to understand their finances when they're older. Here's 8 simple steps to get you started.
Read MorePrepaid cards come with several pros and cons, but they could be the best way of spending for you. Here is how to work out if you should get a prepaid card.
Read MoreComparing prepaid cards could save you money. Our multiple award-winning comparison service makes sure you get the lowest fees and rates possible based on your individual circumstances. Our aim is to provide you with the most up-to-date information, as well as useful tools and calculators so to help you make life's most important decisions and take control of your money.
We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.
¹To find out more about how the Financial Services Conduct Authority protects your money, visit FSCS.org.uk.
Last updated: 21 September, 2021