Giving your child a debit card can be an excellent way to teach them about money and budgeting early in life.
It’s important to understand your options before choosing which debit card to get your kid, especially when it comes to cost.
The Akimbo prepaid debit card is technically free. However, even though there is no monthly or annual fee, there is a litany of other costs.
For one, there is no reload fee if you opt for direct deposit or other approved methods, which is head and shoulders above the Akimbo card.
The Current card is not free, but it does offer transparent pricing and a one-month free trial.
It was designed to be a kid’s debit card, whereas some other options on the list are just prepaid debit cards that happen to be good for kids.
Gohenry offers a free 30-day trial. After that, it is one of the more expensive cards on the list, coming in at $3.99 per month per child.