Obtaining a debit card at 16 is quite possible. Even the youngest can have bank accounts in their name, from the age of 10 or 12. From the age of 16, it’s time to take responsibility: having a bank card also allows you to be independent!
how to get a debit card at 16?
Where can I find a minor’s bank account? Thanks to online banks, there are specific solutions, with many features and associated with complete parental control:
Young or minor: which card to choose?
Beyond the differences between the MasterCard and Visa networks, which are generally minimal, there are different types of bank cards.
4 different categories of bank cards are particularly suitable for young people and minors and are therefore often offered by banks for this clientele. As card fees vary from bank to bank, it is advisable to compare bank offers on a case-by-case basis before deciding.
1/ The withdrawal card
The withdrawal card can be associated with a checking account or with a youth booklet. It is the card with the least functionality since it is limited to withdrawals at ATMs. It is possible to configure it to restrict the number and amount of weekly or monthly withdrawals. This is really the first card for a minor that will allow him to become familiar with handling money from it.
2/ The payment card
The payment card allows you to withdraw money from ATMs, as well as make purchases in stores, physically or online. Usually no overdraft authorization. In addition, it is aimed at young people who are already responsible and who will not abuse it in stores or on the Internet.
3/ The card with systematic authorization
By the same principle of the payment card, the card with systematic authorization avoids any risk of overdraft. In fact, before each transaction, the bank verifies that the account is sufficiently credited to authorize it. Cards with systematic authorization are often charged immediately (the account is charged immediately). Perfect for a first card, it helps to understand money management, without overdraft risk.
4/ The prepaid card
The prepaid card is not necessarily associated with the bank account of the young person, it can be linked to the account of the legal guardians. It is a preloaded card or gift card that is credited with a fixed amount. Once the credit is exhausted, the card must be recharged. This is the case, for example, of the N26 card, the Nickel card or the Revolut teen card, although these neobanks are not accessible to minors.
It is very comfortable and safe since there is no risk of overdraft. However, beware of prepaid cards that are not associated with a bank account, the related fees can be prohibitive.
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