Copper – Banking Built For Teens review: fees, rates, and more
Does your teen need a jump-start into the world of finances? Check out Copper’s Banking Built for Teens account review! Learn about this innovative solution!
Copper – Banking Built For Teens: Get a debit card with no overdraft fees
Are you looking for a secure, fee-free banking solution for your teen? Check out our Copper – Banking Built for Teens review. It provides a debit card and smart savings goals, all managed by parents in the family app.
Let’s take a closer look at what this account offers and why it might be the perfect choice for your teen’s financial future. Then read on to learn more!
- Fees: No overdraft fees or hidden fees;
- Minimum balance: No minimum balance;
- APY: 0.001%;
- Credit score: No credit score is required;
- Rewards: No rewards.
Copper – Banking Built For Teens: how does it work?
Copper is an innovative financial online platform built to get children and teenagers started with savvy money management.
It makes budgeting enjoyable with a checking account for teens and kids; still, parents can manage it in the family app.
Additionally, you can give your children the gift of long-term investing as this banking service offers access to its wealth-building platform – perfect for setting up bright futures.
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What makes Copper different?
Copper has no overdraft fees, minimum balance requirements, or credit checks. Also, teens who open an account with Copper can access 55k fee-free ATMs.
And since it’s FDIC insured up to $250k and SIPC insured up to $500K, you can rest assured that their money is safe with Copper.
Copper isn’t just about security – it also offers features that help teach young people about finances with quizzes and videos.
The family app lets parents send money instantly, automate real-time allowance payments, and monitor spending.
In addition, with goal setting integrated into the app, teens can easily set aside money for bigger purchases like cars or college tuition.
Then it’s easy to introduce teens to concepts like investing while helping them build smart long-term wealth.
Copper – Banking Built For Teens: main features
Are you wondering if the Copper – Banking Built For Teens is the right option for your kids? Then check out the advantages and disadvantages of this account to help you make a decision.
- Kids have financial education with quizzes and videos;
- Parents can manage and track the account through the family app;
- There aren’t any hidden fees;
- There is fraud protection.
- Low-interest rate;
- No foreign transactions are allowed.
Credit score required
Checking accounts don’t check credit scores to be opened, especially for kids and teenagers. As a result, all types are welcome to enjoy the Copper – Banking Built For Teens.
Copper – Banking Built For Teens application: how to do it?
Do you want to learn how to get your kids into the world of finances? Then you can’t miss our application guide post, which will teach you how to open a Copper Banking account.
About the author / Suzana Brito
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