![]() Some accounts have even lower age requirements. Typically, children age 13 and older are eligible for these accounts. Parents can open a joint bank account or custodial account for their minor children. Fewer features than other banking apps for kidsĬan I open a bank account for my 14-year-old?.Can only deposit cash at Capital One ATMs and branches.Don't need an existing Capital One account to open.Access to 70,000+ Capital One, Allpoint, and MoneyPass ATMs.Free banking app and debit card for kids and teens.Still not sure if Capital One Money is right for your kid? Review these pros and cons for the quick takeaway. The app has a rating of 4.7 out of 5 on the Google Play Store and 4.9 out of 5 on the Apple App Store. The mobile app generally has very positive reviews. Some customers report long waits and turnaround times to hear back from the support team. Like many other big banks, Capital One has some mixed reviews in the customer service department. Tweet Accounts, Savings, Money Market, and CD Accounts If you don't live near a Capital One branch, you have a couple options to contact customer support about your bank account:Ĭall 1-80 (agents are available 8:00 am - 11:00 pm EST, 7 days a week) There are only about 2,000 Capital One ATMs across the U.S., so your options are much more limited. The debit card lets your kid withdraw cash at 70,000+ Capital One, MoneyPass, or Allpoint ATMs.Ĭash deposits can only be made at a Capital One ATM or branch. As an extra safety feature, the card can't be used at places that are inappropriate for kids, including: Parents can lock and unlock the debit card any time in the app. ![]() Teens can use the debit card to make purchases online and in store. Debit CardĬapital One Money Teen Checking offers a free debit card for kids. ![]() Learn more about the account's key features below. Capital One Money Key FeaturesĬapital One Money can help older kids and teens manage their money. If the bank ever fails, the FDIC will mail you a check with your balance. This means the funds in your Capital One Money account are insured up to $250,000. This joint account is geared toward teens, but parents can open an account for any kid age 8 or older.īefore reading about Capital One Money's features, take a look at the quick details to see if it's right for your kids:Ĭapital One Bank is a member of the FDIC. It now has more than $400 billion in total assets and offers a full range of banking services, including checking, savings, CDs, and loans.Ĭapital One Money Teen Checking is a no-fee checking account and debit card for kids. The bank originally started out as a credit card company in 1994 and has since become one of the top national banks. You may know Capital One by its "What's in your wallet?" campaigns. Plus, check out how it stacks up against competitors like Chase First Banking and Greenlight. In this review, find out if Capital One Money is legit and safe for your kid. With a children's bank account and debit, parents can give their kid a head start.Ĭapital One Money aims to introduce kids to convenient online banking. ![]() Without hands-on experience, many children enter adulthood with bad money management skills. Chase First BankingĮvery parent wants their kid to be financially successful.īut not everyone teaches their kids about money from a young enough age.
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