How to Get Prepaid Debit Cards for Teens

Good prepaid debit cards will have many features and benefits.

Prepaid debit cards are a cost-efficient solution to provide your teens with money and responsibility. Parents control the amount of money that goes onto the cards, and are able to monitor purchases. Parents can go over the statements with their teens and teach the fundamentals on spending and tracking money. You can reload the cards whenever you want, adding whatever amounts you desire.

Instructions

1. Select the debit cards that are best for your teens, depending upon their benefits and features. Check if the cards are designed specifically for teens, or if users are required to be over age 18. Choose easy-to-reload cards that will provide you the best monitoring features. Many cards allow parents and teens to view the spending history and balance through on-line and telephone banking. Make sure the cards have both a credit card and debit logo so they are usable for each. Also, base your decision on whether monetary protection is included, in the event the cards are lost or stolen.

2. Obtain the prepaid credit cards from a gas station or convenience store that carries the types of cards you have decided upon. Cards may also be purchased on-line through the retailer's website. Temporary cards may or may not be included with your initial purchase. Temporary cards can only be used on-line or through methods that do not require the card to be swiped. Advise your teens to keep the temporary cards safe because they are just as valuable as permanent cards.

3. Establish how much money you want to add to the cards and do it at the register, on-line or by phone. Go on-line to have the permanent cards placed into the teen's name. Input the information, then expect to receive the cards through standard mail, usually in seven to 10 business days. Express mail may also be available, depending upon the processing time and retailer. Activate the cards when they arrive and shred the temporary cards.

Tips & Warnings

• Monitor the teen's spending via telephone or on-line.

• Go over the teen's spending habits to help with money management.

• Reload the card whenever necessary. Set up automatic reloads, if desired.

References

• Visa: Visa Buxx