'(Review) Teens Debit Card with Checking Account from Capital One'

03:04 Feb 27 0 0

'The Teen MONEY Checking Account has Debit Card and earns 0.1%. In this video we will discuss ALL benefits of this kids checking account.  The Capital One Checking account is available for kids of 8 years old and above. There is no monthly fees, minimum balances - nothing like this.  It has a real debit card with access to network of 40k ATMs owned by Capital One. Plus ATMs of Capital Ones partner AllPoint ATMs. If you will use out of network ATMs - there are $15 rebates. It means Capital One will reimburse you the fees of ATM operators.  The Debit Card allows not only to withdraw cash but also to deposit cash using special ATMs of Capital One. You can setup direct deposit if your kid got a side hustle. If grandparents want to make a cash present to your Child - they can write a check. The check can be deposited using Mobile Check Deposit feature.  You and your child will have shared access to the account. So you can give allowances easier than handing cash.  Valuable benefit is that the checking account earns interest. The APR is 0.1% - it is on par with good savings accounts and way above interest offered by savings accounts of Bank Of America or Chase.' 

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