Can a Teenager Get a Debit Card? Requirements and Steps

It is possible for teenagers to obtain a debit card, but this process involves the participation of a parent or legal guardian. Adult involvement ensures responsible financial management and compliance with banking regulations. Specific conditions and requirements often apply, varying by financial institution.

Eligibility and Account Options for Teenagers

Most financial institutions require individuals to be at least 18 years old to open a checking account independently. However, many banks offer specific account options that allow teenagers as young as 13 to have a debit card. These accounts require the involvement of a parent or legal guardian, who acts as a co-owner or a custodian.

Common account types for teenagers are joint accounts, where both the teenager and a parent or guardian are account holders. This arrangement makes the parent legally responsible for the account. Another option is a custodial account, such as a Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA) account, where an adult manages the funds for the minor’s benefit. Many banks also provide teen-specific accounts, often requiring a parent to link their own account or act as a co-signer.

To open one of these accounts, both the teenager and the parent or guardian must provide documentation. This includes government-issued identification for the adult, such as a driver’s license or passport, and identification for the teenager, like a birth certificate, student ID, or Social Security number. Proof of address, such as a utility bill, is also required for the adult.

The Application Process for a Teen Debit Card

After selecting the appropriate account type, the application process for a teen debit card begins. Applications can often be completed in person at a bank branch for direct assistance. Some banks also offer online application options for certain teen accounts, though in-person visits may be required for specific account types or for minors below a certain age.

The application involves completing forms with personal and financial information. Both the teenager and the parent or guardian must sign these forms, acknowledging their roles and responsibilities. An initial deposit, often $25 to $50, is typically required to activate the account.

Processing time for the application and card issuance varies. The debit card is mailed to the primary account holder’s address within a few business days to two weeks. The card arrives with instructions for activation, which often involves a simple online or phone process for security.

Common Features of Teen Debit Cards

Debit cards allow teenagers to make purchases at point-of-sale terminals, shop online, and withdraw cash from ATMs. These cards draw funds directly from the linked bank account, preventing overspending. Daily withdrawal and purchase limits are often set, either by the bank or customizable by the parent, with typical daily ATM withdrawal limits ranging from $100 to $500, and purchase limits often higher.

Many teen debit cards include features for parental oversight. Parents can monitor transactions, receive alerts for account activity, and set or adjust spending limits through online banking or mobile apps. Some systems allow parents to block certain merchant categories or temporarily lock the card if it is misplaced.

Accounts linked to teen debit cards typically lack overdraft protection. Transactions exceeding the available balance are declined, rather than incurring overdraft fees. This prevents debt and promotes spending within available funds. Many teen accounts also have no monthly maintenance fees, especially when conditions like linking to a parent’s account are met.