Best No-Fee Debit Cards for Kids & Teens

Not all debit cards for kids charge a monthly fee. This video discusses three FREE debit cards for teens and kids as young as age 6 that have no fees. I'll share the pros and cons of each of these debit cards for kids.
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DISCLAIMER:
The information and opinions within this content are for information purposes only. Guidance is based on personal interpretations and in no way, represents legal or financial advice.
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0:00 Free alternatives to Greenlight Debit Cards
0:21 Step App
1:40 Capital One Money
2:40 Chase First Banking
3:54 What I Chose for My Kids
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Disclaimer: All information on this channel is my own opinion and not intended to be financial advice. Consult a CPA or financial advisor if you have questions about your own financial situation.

[@naomi3811]

thank you so much! ill be talking to my mom about this and i’ll send her the video, really appreciate it

[@nancym122]

Thank you so much for your help with this information. I just opened a Step account for my son today and used your code and it gave him $10. He’s happy to finally have his own debit card. Thanks again.

[@SmartFamilyMoney]

Awesome! So glad it worked out!

[@mr.fariednasab2161]

It says irs not available in my country. Im in Australia 🇦🇺. Is there a solution? If not im so sad

[@ItsAriixx]

@@SmartFamilyMoneyis capital one free do you have to pay monthly ?

[@SmartFamilyMoney]

@@ItsAriixx Capital One Money has no fees. Nothing to pay monthly.

[@ItsAriixx]

@@SmartFamilyMoney WOAH can you spend with it online?

[@ryandhowell07]

@Smart Family Money You mentioned that you set up both a Capital One and Step acct for your daughter. Can you link those accounts and see both balances in one app? While I understand there are some differences between the two, it feels a little redundant so I'm curious how you and your kids use each account and decided on the strategy where money is deposited and spent from.

[@joeyalptekins55]

Absolutely loved this video! I love the idea of Step, and my son is interested in getting a Capital One Money account to deposit Checks and Cash.

[@SmartFamilyMoney]

Glad you liked it! That combo is working well for us! And I love that they're both completely free. :)

[@ItsAriixx]

​@@SmartFamilyMoneycan you use capital one online

[@Daisy-io5zb]

I'm so late to this video but I'm trying to find a no fee debit card and the closest I have found was the step app I love how it tracks credit scores, but I'm just confused is it a credit card or a debit card.

[@josefinademialma]

Thank you for this video! Thinking about this for my boys

[@SmartFamilyMoney]

Glad I could help!

[@xoticrecord4711]

Its not available in my county 😔

[@Casenloveless]

What is a referral code?

[@chloenotfound7836]

I could also recommend a revolute junior card they are also good the only bit you paying for is possibly the delivery fee depending on where you live if you do not need to pay the delivery fee your revolute junior card is 100% free!

[@SmartFamilyMoney]

Oh that looks interesting! Do you have one of those?

[@henricampbell1928]

@henricampbell28 step

[@shorty2547]

My oldest daughter has capital one money card and for some reason when we go to add chase bank for the external account it doesn’t work

[@SmartFamilyMoney]

That's strange. I have Chase linked to mine. I would contact Capital One to see what the problem is.

[@kaydensides7053]

Thanks for the information! I think I’ll go with step, until I turn 18 which is soon. I get weekly allowance from my parents and going through high school saving for college, I would like to have an app like step.

[@SmartFamilyMoney]

I am sure you will love Step! Did you see my new video about Cash App? That's available for 13+ now too and might be a good option.

[@kaydensides7053]

@@SmartFamilyMoney yep I sure I did, my cash app card should be here any day now. I think I would still prefer step

[@jroc1856]

step is available to anyone of all ages

[@stacieprice9]

I don't see a link for Capital one Money? Is it a app?

[@SmartFamilyMoney]

Here you go! www.capitalone.com/bank/checking-accounts/teen-checking-account/

[@ironwolf93x56]

Which option do you think is the best Capital One, Step, or Cashapp, or Chase .. for 12 year old and a 13 year old. Your thoughts in 2023 after you been using these options for a few months now?

[@SmartFamilyMoney]

If you are only choosing one, Capital One Money is the way I would go. It's been great for my kids (13 and 14 now). We use Zelle with it to make transfers easier too.

[@ironwolf93x56]

Thank you for replying.. I will look into it

[@petarpopovic3369]

@@SmartFamilyMoney Hey I remember on one of your previouses videos you said it doesbt have zelle and I opened an account and I still cant find zelle is this because the account is new or is zelle still not available

[@SmartFamilyMoney]

@@petarpopovic3369 Capital One has Zelle. Is that the one you are talking about? My kids are 13 and 14 and both have Zelle access now but I had to turn it on.

[@lanivalidasf]

Have u seen anything on TD Bank?

[@SmartFamilyMoney]

When I had looked at them, it looked like they charge a monthly fee.

[@coolioarseneau1310]

How much does a capital one card cost to get?

[@SmartFamilyMoney]

It's free!

[@idk_ty1er]

Thank you so much

[@SmartFamilyMoney]

You're welcome!

[@80sman986]

Is there anything that has no monthly fees and let’s you deposit?

[@SmartFamilyMoney]

Do you want to deposit cash or checks? And for what age? If you want to deposit checks, Cap One Money is great (but they don't have cash depositing, BUT it just came to Cap One 360, so it might be coming soon). Chase HS Checking and Wells Fargo Clear Access are both for 13+ and do allow cash deposits but they have other restrictions. Copper is a teen debit card with no monthly fee and it allows cash deposits but there is a fee for the cash deposits. Check out my full kids & teens playlist for more on these options: kzbin.info/aero/PL1f_tVLOUXFTmlQLu5xQCHrXcarBXkpSN

[@m7ve_b3rry50]

Thanks so much

[@SmartFamilyMoney]

You're welcome!

[@Ichigitchyyayadada]

All i need is 2 convince my mom 😭

[@kittenvibe7599]

Ok so literally one of these was actually no fee when we ask for no fee what we want is no subscriptions for debit card and that card isn’t even a debit card it’s classified as a credit card because you can see your balance after every transaction cash app is a fee less debit card that is the google reason it’s not a debit card and You can use step past thirteen and adults can use it too that’s why there’s no strict parental control because you can remove all sponsors which are your friends or family and if my it’s also a financial freedom thing would you want your employer regulating what you do with you money I wouldn’t and remember credit cards mean easy debt by spending money you will have and debit cards mean safety by spending money you do have

[@napkinsrcool33]

How come when you refer someone you get 5 dollars but it says for me I can get 1 dollar? A friend referred me and I got $5 and I wanna refer other ppl but they will only get $1 😔

[@SmartFamilyMoney]

Yeah, I think Step has reduced the referral bonus to only $1 for everyone now, unfortunately.

[@SKULLZ671]

So with these cards is it completely free. Or is there some sort of fee

[@ayeshaco6223]

Hello, when i choose to deposit cash into my card the stores say they cant do it? Is that normal ?

[@SmartFamilyMoney]

They probably just don't know how. I would just try a different store that's listed. CVS tends to be good because they seem to do a ton of these apps.

[@jaysmokin]

New employees always struggle with these apps they gotta call their supervisor or whatever lol

[@victortorres8060]

I Also Recommend TD Bank Its Like Step

[@SmartFamilyMoney]

Oh I will have to check that one out. Does it have any fees?

[@lanivalidasf]

Can I deposit checks on there?

[@Mr_mathman089]

great app! (im 8)

[@bfcbesties6830]

How do we get thw capital one account?

[@SmartFamilyMoney]

Here's all the info: www.capitalone.com/bank/checking-accounts/teen-checking-account/

[@Trelarasmono]

Does Capital One Money work in greece pls someone me

[@SmartFamilyMoney]

I believe you have to be a US resident to open the account but it should then work worldwide.

[@briannareacts225]

I don't have a SSN could could I still have one ??

[@SmartFamilyMoney]

Which one did you want to open? All the ones I talked about do require you to a be a US resident, but I don't think they all require a SSN. I know Capital One, you can open with an ITIN instead of a SSN.

[@briannareacts225]

@@SmartFamilyMoney I could try.

[@NotZyxell]

But SEB Debitcard! That is good u can even

[@a-rat-in-your-KITCHEN]

How do you get a step card?

[@annabellaribeiro4449]

Threw The app I assume

[@a-rat-in-your-KITCHEN]

@@annabellaribeiro4449 (nvm I got one a long time ago)

[@MuslimPubg]

Is this available in italy?

[@SmartFamilyMoney]

No, sorry, it's only in the US. Most banking products are country specific.

[@deniz-v6e]

For step

[@sinooosayshi]

Step also gives people under 13 one!

[@RyRy11148]

Really??? How old are you I am 11 and I want one!!

[@isaacmontecillo7948]

​@@RyRy11148 I wanna be rich someday.🤑

[@Sarahtslife]

U forgot cash app

[@SmartFamilyMoney]

You're right! I made this video before Cash App lowered it's age. I should make an update because a lot has changed.

[@preslavkolev8772]

I think revolut junior is better

[@SmartFamilyMoney]

I don't know anything about that one. Why do you like that one better?

[@alvarorivera8972]

🎉🎉 green light 🥹

[@deniz-v6e]

Is over 13 only or 13 or over?

[@SmartFamilyMoney]

13 or older

[@annagrayce5269]

Did anybody catch that she said step was free no fees AT ALL! Then she says if you sue my link you will get 5$ off mhm???

[@christosgoundelas5142]

How do you get the step app

[@idk_ty1er]

I’m 9 yahhhhhhhhhhhhhh

[@christosgoundelas5142]

How do you do it

[@MostdefKev]

The step app you have to get approved by someone which is a con

[@hlw76692]

Defifinatly poor advice here

[@SmartFamilyMoney]

What part do you think is poor advice?

[@nancym122]

That’s your opinion.

[@SmartFamilyMoney]

UPDATE April 2022: Now get $1 free instantly! Use this link to get the Step App: step.com/r/EZFIV Or enter code EZFIV in the app.