Nowadays, young people, especially teenagers, hardly walk with money. So many banks have started to offer the option of debit cards dependent on master accounts. It is clear that the Nubank, one of the fastest growing banks in Brazil, would not be left out of this!
If you are looking for one youth debit card that are under your guardianship and responsibility, check out this article in full. Good reading!
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Nubank youth debit card
The truth is that having a debit card is a big responsibility, and many parents are afraid to offer something so important to their children. That's why Nubank launched a new type of account that gives young people a bit of independence, without financial risk. This account can only be requested by parents and guardians and only gives access to the account and the debit. That is, other financial transactions such as loans and investments are blocked in this service.
To request it, parents must also have a Nubank account and choose to use the tool.
Is it a good idea to give debit cards to teenagers?
Well, this is a question that directly depends on the opinion of parents about the use of money by young people. On the positive side, offering a controlled card to young people can encourage them to have more independence and financial intelligence. This can also be done with cash, but the card helps with the control and security of these monetary resources.
On the downside, if your teen isn't taught about money, they may end up making unhealthy choices about how to spend it. Although parents have free access to their children's debit card statement, there is no way to cancel a purchase. Thus, this young person can make irresponsible purchases and even spend all the money in the account at once.
