Does your kid need a wallet for his debit card?

boy with debit cardTechCrunch posted an article about a new startup called Current that is offering a Visa debit card  tied to an app that allows parents to deposit money into their kid’s bank account that’s tied to a debit card.

“The company offers a Visa debit card that would allow teenagers to shop in stores or online using funds from their own bank account, which is funded through allowance money that mom or dad transfers from their own bank account. Parents can use the accompanying mobile app to set chores, track spending, encourage saving and more, allowing kids to learn about money management through practice”

Be sure to check with your bank  and other apps such as Bluebird and Greenlight that also feature similar debit card services for kids.