Visa prepaid cards for teenagers
You get freedom. Your parents get reassurance. Shouldn’t you talk to them about getting a Visa prepaid card?
Want more control over your money? Get your own Visa prepaid card. Parents and other adults can top it up, then you can go out and use it just like any other card.
Because you can only spend the money loaded on the card – and since your parents have the option of keeping an eye on your account – there’s less chance of getting carried away!
How it works
- Your parents load the card in the local branch of their bank or building society, online or over the phone. Or better still, they set up a regular payment of your allowance directly to your card
- You use the card to pay for the stuff you need
- Either you and your parents manage the money in your account together or you can manage the money in your account yourself
Why a Visa prepaid card is good for you
- You get the freedom to use your pocket money and savings
- It’s safer than cash – if it’s stolen, you should report it straight away so you’re not responsible for what’s spent
- If it’s lost, let your bank know where and when you lost it. As long as you haven’t been careless with your card or shared your PIN, then it can usually be replaced and the balance transferred
- It’s flexible – you can use it anywhere that takes Visa
- You learn how to manage your money
- Your relatives can add money to it – faster and safer than posting cash in a birthday card!
Why a Visa prepaid card is good for parents
- They have the option to see what you’ve been spending
- You can agree spending limits if you’re being mad with your money or if you feel happier with extra levels of control
- They know your money is safer because only you can use the card and your online account is password protected
- It’s convenient – they can just add money without having to run to the ATM
- They can add money in an emergency – while you’re travelling, for instance
