The world of banking is rapidly evolving, and neobanks are leading the charge in offering modern, flexible, and user-friendly services. While traditional banks are often daunting and less tailored to younger customers, neobanks have designed accounts specifically for children and teenagers, making financial independence fun, safe, and educational.
In this article, we explore the best neobanks for children and teenagers that combine features like spending control, financial education, and parental oversight with the convenience of a mobile-first approach.
Why Choose a Neobank for Your Child or Teenager?
Neobanks offer several advantages over traditional banking institutions, particularly when it comes to managing money for children and teenagers. Here are a few key benefits:
- Parental Control: Many neobanks offer options for parents to oversee accounts, set limits, and monitor spending.
- Financial Education: These accounts often come with tools that teach young people how to budget, save, and spend responsibly.
- Ease of Use: With mobile apps, neobank accounts are easily accessible and provide a simple way to manage finances on the go.
25+ Children neobanks
Designed specifically for the younger generation, these digital banking platforms offer features like parental controls, savings goals, and spending insights, all accessible through user-friendly apps. With tools such as prepaid debit cards, allowances tracking, and educational resources, these neobanks empower kids and teens to develop financial literacy in a safe and guided environment. They are an excellent choice for parents looking to teach their children smart money habits early on:
| Logo | Neobank | Head office | For who | Visit |
|---|---|---|---|---|
 | Gimi | Stockholm, Sweden | Kids | Go to Gimi |
 | Zywa | Dubai, UAE | Kids | Go to Zywa |
 | GoHenry | London, UK | Kids and Teenagers | Go to GoHenry |
 | Greenlight | Georgia, USA | Kids and Teenagers | Go to Greenlight |
 | Nimbl | London, UK | Kids and Teenagers | Go to Nimbl |
 | Osper | London, UK | Kids and Teenagers | Go to Osper |
 | Rooster Money | London, UK | Kids and Teenagers | Go to Rooster Money |
 | Imagin | Barcelona, Spain | Kids and Teenagers | Go to Imagin |
 | Kard | Paris, France | Kids and Teenagers | Go to Kard |
 | Modak | California, USA | Kids and Teenagers | Go to Modak |
 | Mydoh | Toronto, Canada | Kids and Teenagers | Go to Mydoh |
 | PixPay | Paris, France | Kids and Teenagers | Go to PixPay |
 | Spriggy | Sydney, Australia | Kids and Teenagers | Go to Spriggy |
 | Till Financial | Boston, USA | Kids and Teenagers | Go to Till Financial |
 | Woli | Marousi, Greece | Kids and Teenagers | Go to Woli |
 | Z1 | São Paulo, Brazil | Kids and Teenagers | Go to Z1 |
 | Yours Bank | São Paulo, Brazil | Kids and Teenagers | Go to Yours Bank |
 | Bankiom | Dubai, UAE | Personal and Kids | Go to Bankiom |
 | FamApp | Bangalore, India | Personal and Kids | Go to FamApp |
 | Venmo | New York, USA | Personal and Teenagers | Go to Venmo |
 | HyperJar | London, UK | Personal, Kids and Teenagers | Go to HyperJar |
 | Fizz | New York, USA | Students | Go to Fizz |
 | BankMobile | New York, USA | Students | Go to BankMobile |
 | Step | San Francisco, USA | Teenagers | Go to Step |
Which neobanks are best for kids and teenagers?
In this section, we will be discussing 3 alternatives that are focused in maximizing the experience of the younger generation (you can also find the full list with 25+ options below):
Founded: 2014
Headquarters: Georgia, USA
Users: +2 million
Countries available: United Sates
Account plans: 3 plan options
Founded: 2016
Headquarters: Stockholm, Sweden
Users: +500,000 thousand
Countries available: Europe
Account plans: 2 plan options
Founded: 2012
Headquarters: London, UK
Users: +1 million
Countries available: United States and UK
Account plans: 3 plan options
1. Greenlight
Greenlight is another highly regarded neobank tailored to kids and teenagers. The platform combines financial education with smart budgeting features. Greenlight’s app allows parents to track their children’s spending, assign allowances, and even automate savings goals.
Key Features:
- Parent-controlled spending limits
- Automated savings tools
- Subscription options for families
- Investment opportunities for teens
- Subscription fee: Starts at $5.99 per month (3 plans available)
However, if you still have doubts about Greenlight being the right fit for you, just click here and find out more!
2. GoHenry
GoHenry is one of the most popular neobanks for kids and teenagers, offering customizable debit cards and robust parental controls. With GoHenry, parents can set spending limits, track transactions, and even reward children with money for completing chores or tasks.
Key Features:
- Age-appropriate debit cards
- Customizable spending controls
- Parental monitoring through the app
- Educational content for financial learning
- Subscription fee: Typically around £3.99 per month (other plans also available)
However, if you still have doubts about GoHenry being the right fit for you, just click here and find out more!
3. Gimi
Gimi is a neobank specifically designed to teach children and teenagers the fundamentals of managing money. The app offers a customizable debit card, spending trackers, and savings goals, allowing kids to learn financial responsibility while giving parents the ability to oversee their child’s spending. Gimi also has an educational component, featuring interactive lessons about money management, budgeting, and even the basics of investing.
Key Features:
- Customizable debit cards for children and teenagers
- Parental control and oversight features
- Savings goal management and task-based allowances
- Financial literacy lessons and interactive content
- Available in multiple countries
- Subscription fee: Has a free and a paid plan
However, if you still have doubts about Gimi being the right fit for you, just click here and find out more!
How to Choose the Right Neobank for Your Child or Teenager?
When selecting a neobank for your child or teenager, there are several factors to keep in mind. First, consider the age appropriateness of the service. It’s important to choose a neobank that aligns with your child’s age and their ability to understand basic financial concepts. Some services are designed for younger children, while others are more suited for teenagers who may be ready to handle more complex financial tools.
Another key factor is parental control options. Ensure that the neobank allows you to manage spending, set limits, and receive alerts. This will give you peace of mind, knowing that you can monitor your child’s financial activity and help them stay on track with their spending.
Educational resources are also crucial. A good neobank should offer learning tools that help your child understand important financial concepts such as budgeting, saving, and investing. These resources can provide valuable lessons on money management that can last a lifetime.
Finally, consider the fees associated with the neobank. Some services charge monthly subscription fees, while others may offer free basic accounts with additional charges for premium features. Weigh the benefits of the bank’s features against the costs to determine whether the service is worth the investment.
Final Thoughts
Neobanks are transforming the way children and teenagers manage money. With easy-to-use apps, smart budgeting tools, and parental control features, these accounts are perfect for helping young people develop good financial habits.
Whether you’re looking for a platform with educational tools, investment options, or simple spending control, the neobanks listed in this article offer something for everyone. By selecting the best neobank based on your child’s needs, you’ll set them up for financial success now and in the future.
We hope we helped you in your search for the Best Neobanks for Children and Teenagers worlwide.
FAQs
What is the best age for my child to start using a neobank?
The ideal age depends on your child’s maturity and understanding of money. Generally, neobanks for children and teens cater to ages 6 to 18, with some offering more suitable features as they grow older.
Can I control my child’s spending and set limits with a neobank?
Yes, most neobanks for children and teenagers provide parental controls that allow you to set spending limits, track transactions, and receive notifications for any activity on the account.
