They work in much the same way as regular prepaid debit cards, although they tend to come with more travel-specific perks, e. Travel money for under 18s Travel money card providers such as Fairfx will allow your child to make purchases anywhere around the globe that accepts Mastercard. A little closer to home, the Fairfx card can be used in the UK without charge, so it can be a great introduction to money management. Teens: 14–years old If your teen proves they’re able to responsibly use a debit or prepaid car consider letting them graduate to a credit card. See full list on finder.
Can I get a prepaid card? Is order your new card travel money card? What is a travel money card?
You could get a prepaid card in your own name, but some providers need permission from your parents if you are under 18. A debit card for kids is usually taken out and managed by a parent, who can order a card for you too. The person managing the account needs to be over and can add money or set spending limits. The only ones that exist for under 18s are supplementary cards to one for an adult, having extra fees and complication.
Keep the money in pounds until using the card for purchases or ATM withdrawals, converting at the ideal MasterCard or Visa rate without fees. Ddis going to South Africa with the school in July, and it has been recommended that she takes a prepaid cash card with her, rather than loads of cash. (more…)