Cash App's New Kids Debit Card: What Parents Need to Know - CNET
Teaching children about money used to involve actual dollars and cents. When you were a kid, you stashed your allowance in your piggy bank, giving you a physical sense of the money you’d saved and how it felt to spend it.
Today, you use your phone to pay for groceries and might track your spending with budgeting apps. It’s convenient, but it can also be harder to teach smart money management when transactions happen with a tap or a swipe. With Cash App’s new Visa-backed kids debit card, parents have complete control, allowing children ages 6 to 12 to learn healthy financial habits safely over time.
Key Takeaways
- Cash App Managed Accounts offer a free [3] debit card for kids that gives parents total control
- With a CashApp Managed Account, kids aged 6-12 [2] have no independent app access and can only receive transfers from up to five...
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