Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

6 Easiest Prepaid Debit Cards to Get for Teens

Page 1 of 7

If your child is already a teenager then you know by now that they want a little bit of financial independence, whether the money they have comes from you or from various little jobs they do around the neighborhood, so today we’re going to take a look at 6 easiest prepaid debit cards to get for teens.

Now, everyone knows that while cash is awesome, having a little plastic card in your pocket can be a bit safer on some occasions. Plus, you get the added benefit of being able to make online purchases which are extremely convenient, especially for the always-connected teenagers. Of course, instead of thinking just what they would buy with these cards, teenagers could be looking into 15 easiest debate topics for high school.

There’s a problem, however, since teenagers can’t really get their hands on a credit card or regular debit cards that are attached to bank accounts. Therefore, prepaid debit cards have become quite popular among those that can’t get a credit card.

card, credit, african, shopping, american, black, shopper, debit, retail, savings, money, girl, sales, mall, spree, casual, smile, economics, content, latin, economy,


To get things started, we should mention that a prepaid debit card is different than the cards you’re used to. It acts likes a checking or savings account, without the risk of kids running up a debt. In short, you deposit money on the card and then it becomes accessible to your teenager. Depending on the card, they can use it to buy things in brick and mortar stores, online and even to check online on what they’ve spent their money.

The prepaid debit card looks like a regular card, it carries the brand logo and acts like any other card. Your teenager will only be able to use the money that’s been deposited on the card, so they’ll have to be careful with what they have there.

These prepaid debit cards can be purchased at retail stores, and some can be found already loaded with a certain amount, which you’ll obviously have to cover at the register. Alternatively, you can order one online or get one from the bank.

The biggest disadvantage of this type of cards is the number of fees attached to them. While there are many perks to owning such a card, you need to be careful about the various “hidden costs,” those fees that are not that visible at first glance. Some cards will charge you for calling customer service, or when you reload the card, even when you activate it.

In order to create our list, we took a look at  ConsumerReports that took a look at the available options and gave out ratings for each based on their value, fees, transparency, convenience, and safety. Since the latter noticed two different types of prepaid debit cards – ones that are used in addition to a bank account and ones that are used as a substitute for a bank account, we decided only to focus on the second type since teenagers are supposed to be the recipients.

Page 1 of 7

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!