A debit card can be a useful intermediate step for young adults, as they become familiar with handling money and learn greater financial independence. However, the debit card’s usage should be monitored by parents to see if there’s any advice that can be offered, although this should be done in a way that’s not obtrusive.
Debit cards for people under the age of 18 can be a tricky question. As there are no credit implications they are easily available to people younger than 18, but it may be a question of whether the person is ready yet. There are two types of debit cards available to those under eighteen, normal [...]

