Yes, but only with a parent or guardian as the account owner
You cannot open a debit card account in your own name at 13. Banks and financial institutions require you to be at least 18 to sign a contract and hold an account by yourself. However, you can use a debit card at 13 if your parent or guardian opens a custodial account — a savings or checking account registered in their name with you as an authorized user.
The debit card attached to that account works like any other: you can use it to buy things, withdraw cash, and check your balance. The difference is that your parent or guardian controls the account, can see all transactions, and can close it or remove you at any time. This is the standard way young teenagers access debit cards.
Key Takeaways
- A custodial account must be opened by your parent or guardian, and they remain the legal owner even though you can use the debit card.
- Most major banks offer custodial checking accounts with debit cards for children under 18, though the features and fees vary by bank.
- Your parent or guardian will see every transaction you make and can set spending limits or restrictions through the bank's app.
- Some banks allow you to move to a regular account in your own name once you turn 18, while others require you to open a new account.
How custodial accounts work at major banks
Banks like Chase, Bank of America, Wells Fargo, and Ally all offer accounts designed for minors. Chase has Chase First Banking, Bank of America has BankAmericard for Students, and Wells Fargo has Way2Go. Each requires a parent or guardian to open the account in person or online, provide their Social Security number and ID, and link it to their own account at that bank.
Once the account is open, you receive a debit card with your name on it. Your parent or guardian can set daily spending limits, turn the card on or off through their phone, and receive alerts when you use it. Some accounts also include features like automatic savings transfers or a small amount of interest on the balance.
The parent or guardian is responsible for any overdrafts or fees. If you spend more than the account holds, the bank may charge an overdraft fee — typically $25 to $35 per transaction — and your parent will be billed. Some banks waive overdraft fees on custodial accounts for minors, so ask before opening.
What you need to bring to open a custodial account
Your parent or guardian will need to bring their government-issued ID (driver's license or passport), Social Security number, and proof of address (a recent utility bill or bank statement). You should bring your Social Security number and a form of ID if you have one, though many banks do not require it for minors.
If opening online, your parent will upload photos of their ID and answer security questions. Some banks ask for a video call to verify identity. The process usually takes 10 to 15 minutes, and the debit card arrives by mail within 5 to 10 business days.
Differences between banks and what each charges
| Bank | Account Name | Monthly Fee | Parent Controls |
|---|---|---|---|
| Chase | Chase First Banking | None | Spending limits, card on/off, transaction alerts |
| Bank of America | BankAmericard for Students | None | Spending limits, card controls, notifications |
| Wells Fargo | Way2Go | None | Spending limits, card controls, transaction history |
| Ally | Ally Teen Checking | None | Spending limits, card controls, alerts |
| Capital One | Capital One 360 Teen Checking | None | Spending limits, card controls, notifications |
Most major banks do not charge a monthly fee for custodial accounts. However, they may charge fees for things like overdrafts, ATM withdrawals outside their network, or expedited card replacement. Some banks offer a small interest rate on the balance — usually 0.01% to 0.05% APY — though this varies and changes frequently.
Credit unions often have lower fees than banks and may offer custodial accounts as well. Call your local credit union to ask whether they offer youth accounts and what the terms are.
What happens to the account when you turn 18
When you reach 18, you have two options. Some banks automatically convert the custodial account to a regular account in your name, and your parent or guardian is removed as the owner. Others require you to open a new account and transfer the money yourself. Check with your bank about their policy before you turn 18 so you are not surprised.
If your bank requires a new account, you can usually do this online or in a branch. The process is straightforward: you open the new account, transfer your balance, and close the old one. Your debit card will be reissued with your name as the sole owner.
Alternatives if your parent does not have a bank account
If your parent or guardian does not have a bank account, they can still open a custodial account at most banks. They do not need an existing account to create one for you. However, some banks prefer that the parent have an account there already, so call ahead to confirm.
If your parent is unbanked or prefers not to use traditional banks, some fintech companies like Greenlight and FamZoo offer debit cards for minors through their own apps. These work similarly to custodial bank accounts: your parent downloads the app, links their payment method, and you receive a card. Fees vary — some charge a monthly subscription ($5 to $15), while others are free.
Frequently Asked Questions
Can I get a debit card without my parent knowing?
No. A custodial account requires your parent or guardian to open it and provide their ID and Social Security number. They will receive statements and can see all transactions. There is no way to open a debit card account at 13 without parental involvement.
What if I want to build credit at 13?
A debit card does not build credit because it is not a loan — you are spending money you already have. To build credit, you would need a credit card, which requires you to be 18 and have income. Some banks offer secured credit cards for young adults, but these are not available at 13.
Can my parent see every purchase I make?
Yes. Your parent or guardian can see transaction history through the bank's app or website. Many banks also send them alerts when you use the card. This is by design — custodial accounts are meant to teach money management while keeping parents informed.
What happens if I overdraft the account?
If you spend more than the account holds, the bank may decline the transaction or charge an overdraft fee. Your parent or guardian is responsible for paying any fees. Some banks waive overdraft fees on custodial accounts, so ask your bank about their policy.
Can I use the debit card online or internationally?
Yes, most debit cards issued to minors work online and abroad, just like adult debit cards. However, your parent can restrict certain types of transactions through the bank's controls — for example, they might block online purchases or international transactions if they choose.