DS who's 13 has just been asking us about getting a cash card. The idea is that we pay pocket money into an account and then he withdraws cash or pays in shops with the card. I'm not sure what the benefits are and whether he really needs one but he says that it's so that he doesn't always have to worry about having cash on him. I do see the benefit from a budgeting point of view.
Anyway, I've been looking around and I can't seem to find many accounts that do free cash cards. I've looked at prepaid cards but they charge an ATM fee. I've heard of GoHenry and such but DH is reluctant to pay fees.
Barclays seems to do an account for 11 years+ with free card.
Does anyone have experience of this? Is it a good thing? Can a limit be set so that they don't go overdrawn?
Any help/advice would be greatly appreciated.
TIA
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Teenagers
Cash card for 13 year old
25 replies
mrs2cats · 27/10/2014 15:24
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