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.
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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.
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.
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.
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.
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.
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
18 for some cards, but younger people could get a card with parental permission. Some providers issue cards to anyone over 6 years old.
No, they do not let you borrow money in any way. You can only spend what you have already added to the card.
Yes, some let you take out additional cards for other people, e.g. your kids. They can only spend the money added to their own card.
Yes, you can use them anywhere that accepts the company that processes the transactions (Visa or MasterCard). This includes shops, ATMs or online.
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