How Old Do You Need to Be for a Debit Card?

A debit card is a payment tool linked to a bank account. It allows cardholders to make purchases in stores and online, or withdraw cash from ATMs. Unlike a credit card, a debit card does not involve borrowing money; transactions directly deduct funds from the linked account. This helps individuals manage spending within their available balance, promoting financial control without incurring debt or interest.

Age Requirements for Debit Cards

Individuals must be at least 18 years old to open a standalone checking account and obtain a debit card. This age aligns with the legal age of majority in most states, which dictates when a person can legally enter into contracts. Opening a bank account and using a debit card involves contractual agreements, so individuals need the legal capacity to be bound by such terms. Minors cannot independently establish an account or assume these financial responsibilities.

Obtaining a Debit Card for a Minor

Individuals under 18 can acquire a debit card through a joint account with a parent or legal guardian. This arrangement involves the adult co-owning the account and assuming legal responsibility for its activities. Many banks offer specific youth or student checking accounts that allow minors, sometimes as young as 13, to have a debit card under parental supervision.

To open a joint account, both the parent/guardian and the minor need to be present. Required documentation includes a valid photo ID for the adult, such as a driver’s license or passport, and their Social Security Number. For the minor, documentation includes their name, birthdate, and Social Security Number, and a birth certificate or student ID. The application process may also require an initial deposit, which can range from $25 to $100, depending on the financial institution’s policies.

Understanding Debit Card Features for Minors

Debit cards issued to minors come with features designed to facilitate parental oversight and financial education. Parents can monitor transactions in real-time through mobile banking apps or online platforms, receiving alerts for purchases or low balances. This allows adults to track spending habits and intervene if necessary.

Many financial institutions also enable parents to set specific spending limits on the minor’s debit card, which can be daily, weekly, or monthly, and may include limits on ATM withdrawals. Some accounts permit parents to restrict purchases to certain merchant categories or to block the card if it is lost or stolen. These controls help teach minors financial responsibility within a controlled environment, preventing overspending and promoting a foundational understanding of money management.