Current Teen Account vs. Copper Teen Bank
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If you haven't heard of the standard current account, it's pretty awesome and I have also done a full review on that platform but as part of Currents goal of revamping the way that we bank, they have added a teen-specific product that is an extension of the standard current banking platform. Once you get everything set up, you as the teenager are going to get your own current card with your name on it that you can use to spend money as you would with a normal debit card. And that includes making purchases in person with the current card as well as online purchases. And through Currents wonderfully designed app, you're able to easily manage your money, create budgets and savings pods, utilize their roundup tools that will automatically round up your purchases and set that extra money aside in your savings, set up automatic donations to your favorite charities, and of course easily request or send money to and from your parent’s current account. Plus this account has no hidden fees, no minimum balance requirements, no overdraft fees, no transfer fees, but there is one major drawback that we have not yet talked about and that is that the current teen account costs $36 per year for each teen.
The copper card is going to function in a very similar way in the sense that you are going to get your own copper debit card then again that you can use to spend money both in-person and online just like you would with any other debit card. Your money is fully FDIC insured through evolve bank in trust, you have liability protection through MasterCard, Plus the ability to withdraw cash at over 50,000 free to use ATMs that are scattered across the United States. This product also allows you to get your paycheck up to two days early using direct deposit which is pretty cool if you have a standard job but it's also really easy to just get your allowance if that is something that your parent or guardian does for you and they can actually set up automated allowance that makes it really easy for you to again create that affective budget, save your money, and of course spend responsibly when and where you can. And just like the current teen account, copper also has no hidden fees, no overdraft fees, no minimum balance requirements, but unlike Current, the copper platform is truly completely free.
So strictly looking at a teen banking platform, these two are nearly identical but I think for me personally I have to look at the big picture and the industry acceptance so having used both of these platforms I think that personally, I would go with current simply because I think it is a more widespread and well-known platform, I love the fact that everything is able to be under one app for your entire family, and having used both apps, I can confidently say that I do prefer the layout and interface of the current app.
0:00-Best TEEN Bank Account
0:53-Current Teen Account Review
4:35-Copper Teen Account Review
6:56-The MAIN Difference
8:30-The FINAL Verdict
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Негізгі бет Current Teen Debit Card vs. Copper Teen Bank | Best TEEN Debit Card
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