Prepaid Debit Cards for Teens
Prepaid debit cards for teens are available on the internet and they are in great demand nowadays because so many parents are getting them for their teens. It is actually very easy to apply for these cards because all one needs is a computer and access to the internet. Each person should carry out good research on the various companies which offer these prepaid debit cards for teens before making a final decision.
By doing this, you will ensure that they get the best prepaid debit card that is most suitable for them. Therefore, after getting an appropriate card, you should read all about the regulations that they will be required to follow and then fill out the forms provided.
The best part about prepaid debit cards for teens is that there are no overdraft fees, credit checks or activation fees required therefore one gets to save on a lot of money. Moreover, with this card, there is easy monitoring of parents on their child's spending habits. Also, the spending limits are very strict in that, one can only spend up to a certain amount daily and this gives the teen good control in their spending habits.
Parents like you will be very happy about these cards because you get to know some of the places your child goes to and what they buy. It helps a teenager to learn how to be responsible at an early age when it comes to spending money.
The best prepaid debit cards for teens are accepted in very many locations around the world wherever Visa and MasterCard debit cards are accepted therefore a teen can use it even when they are away on tour. However, this is also a great advantage because in case of an emergency and they need some cash, you can just load their card for them online and they receive money on their card instantly. There are a wide variety of prepaid debit cards to choose from and they all have different designs whereby one can choose according to their personal preference.
Another advantage of prepaid debit cards for teens is the fact that the teen gets text alerts even if the card has just a small balance. Moreover, each parent has the ability to set up email alerts and text messaging so as to track their child's spending habits. Furthermore, you can also set up this card in a way that you can unlock or lock your child's access to their account just in case something goes wrong. It is thus a very good idea for parents to get these cards for their teenagers because aside from teaching them about good spending habits, they are able to fund them in case there is an emergency.
However, the fee charged when one uses these debit card is very reasonable especially since one is not required to pay anything in the beginning. Therefore, one gets to save a lot of money. There are some regular prepaid debit cards that will work for teens (Walmart MoneyCard prepaid MasterCard) and then there are some specifically designed for teens such as the BillMyParents prepaid debit card. It comes with no activation fee, no overdraft fees, and no credit checks.