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Capital one phone number debit card8/2/2023 ![]() ![]() Your kid can still use a Capital One Money account once they turn 18. What happens to the Capital One Money account when my child turns 18? The app lets you give your kid as much freedom as you want, but you're ultimately in control. Parents can send and remove money from their kid's account, monitor spending, and set up allowances. This makes it better suited for teens who want a more mature banking experience. It doesn't offer educational content like some other banking apps for kids. The app looks and feels similar to an adult banking app. If your kid wants new shoes, for example, they can set a specific amount and deadline to reach that goal. The savings goals feature lets them separate spending money from savings. Teens can manage their money, set up direct deposit, and deposit checks through the app. The experiences for each app are slightly different. Parents and kids each get separate logins for the mobile app. There are only about 2,000 Capital One ATMs across the U.S., so your options are much more limited. The debit card lets your kid withdraw cash at 70,000+ Capital One, MoneyPass, or Allpoint ATMs.Ĭash deposits can only be made at a Capital One ATM or branch. As an extra safety feature, the card can't be used at places that are inappropriate for kids, including: Parents can lock and unlock the debit card any time in the app. Teens can use the debit card to make purchases online and in store. Debit CardĬapital One Money Teen Checking offers a free debit card for kids. Learn more about the account's key features below. Capital One Money Key FeaturesĬapital One Money can help older kids and teens manage their money. If the bank ever fails, the FDIC will mail you a check with your balance. This means the funds in your Capital One Money account are insured up to $250,000. This joint account is geared toward teens, but parents can open an account for any kid age 8 or older.īefore reading about Capital One Money's features, take a look at the quick details to see if it's right for your kids:Ĭapital One Bank is a member of the FDIC. ![]() It now has more than $400 billion in total assets and offers a full range of banking services, including checking, savings, CDs, and loans.Ĭapital One Money Teen Checking is a no-fee checking account and debit card for kids. The bank originally started out as a credit card company in 1994 and has since become one of the top national banks. You may know Capital One by its "What's in your wallet?" campaigns. Plus, check out how it stacks up against competitors like Chase First Banking and Greenlight. In this review, find out if Capital One Money is legit and safe for your kid. With a children's bank account and debit, parents can give their kid a head start.Ĭapital One Money aims to introduce kids to convenient online banking. Without hands-on experience, many children enter adulthood with bad money management skills. Chase First BankingĮvery parent wants their kid to be financially successful.īut not everyone teaches their kids about money from a young enough age. What is Capital One Money Teen Checking?. ![]()
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