No monthly or hidden fees and no minimum balance for you or your teen1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p>
Teens earn up to 3.25% APY2 <p>Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See <a href="https://cash.app/legal/us/en-us/tos">Terms and Conditions</a> for more information.</p><p>To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify.</p><p>If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.</p> on savings — Cash App's highest available rate
Set spending limits, see when they send money to someone new, and lock their card at any time
Many teens don't learn about money — they absorb habits from watching adults. Cash App Families1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p> gives you a way to make those lessons intentional. With managed accounts for teens ages 13 - 17, your teen gets a real debit card and a savings account they can watch grow, while you stay in control of every dollar they spend, save, and receive.3 <p>Teens aged 13 to 17 can join with approval from eligible parent or guardian. To view the eligibility requirements for sponsoring a teen, please visit the Sponsored Accounts section of the Cash App Terms of Service.</p>
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Open Accounton Cash App's secure site, FDIC Insured
APY
3.25%Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See Terms and Conditions for more information.To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify.If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.
Minimum Balance for APY
$1
Bonus Offer
N/A
Why We Like It
Cash App is U.S. teens' favorite financial services brand for payments4 <p>YPulse Brand Tracker | YScore+, Favorite Diagnostic | Aug 12 2024 - Aug 10 2025 | Nationally representative sample of 13-17-year-olds in the U.S. | Minimum base n = 100 per brand</p>
Teens can send, spend, and even save
Controls for you and extra security for them
No monthly or hidden fees for you or them1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p>
Open Accounton Cash App's secure site, FDIC Insured
What We Love About Cash App Families
Your teen gets a real debit card and a real savings account. You get full visibility and control over every dollar. Here's what getting a managed account for teens ages 13 - 17 means:
You're in control — completely: Managed accounts for teens ages 13 - 17 give parents total oversight. Set spending limits, see who they send money to, and lock or unlock your child's Cash App Card instantly from your own app. Give your teen freedom with the safety of your oversight. Everything runs through you with full visibility.
A savings account that actually earns: Your teen's savings balance earns up to 3.25% APY — Cash App's highest available savings rate. It's a concrete, visible way for kids to watch their money grow, which makes the lesson stick. No action required on their end, and you can watch it alongside them.
Safety built in at every layer: Managed accounts are private by default. Advanced fraud protections monitor activity 24/7, unsafe spending categories are flagged and often automatically blocked, and all funds are eligible for FDIC pass-through insurance up to $250,000. Your child's financial world is contained, protected, and visible to you at all times.
No monthly fees. No friction. No excuses not to start: There are no monthly fees and no minimum balance — for you or your teen.1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p> Set up automatic recurring allowances, track spending with built-in budgeting tools, and introduce your kids to real financial habits without the risk that comes with a traditional account.
All account funds are eligible for FDIC pass-through insurance up to $250,0005 <p class="">Cash App is not a bank. FDIC insurance coverage is provided through pass-through insurance via Cash App's bank partners. Coverage up to $250,000 per depositor. </p>
Your teen gets a fully customizable Visa debit card, designed by them
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
The Money App Teens Actually Want
Cash App is U.S. teens' favorite financial services brand for payments.4 <p>YPulse Brand Tracker | YScore+, Favorite Diagnostic | Aug 12 2024 - Aug 10 2025 | Nationally representative sample of 13-17-year-olds in the U.S. | Minimum base n = 100 per brand</p> No monthly or hidden fees for you or them.1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p>
Cash App Families is a great choice for parents who:
Want to start money lessons early: Managed accounts for teens ages 13 - 17 give teens a real debit card and a savings account to call their own — with you managing every part of it from your app. It's one of the few banking products built specifically for this age group.
Want full control without the guesswork: You set spending limits, monitor who can send your teen money, and lock or unlock their card at any time. Everything runs through you, so there's no surprises.
Want their teen's money to actually grow: Your teen's savings balance earns up to 3.25%, Cash App's highest available savings rate. Many teen's accounts earn nothing. This one gives them a concrete, visible reason to keep saving.
Are serious about safety: Managed accounts are private by default, advanced fraud protections monitor activity 24/7, unsafe spending categories are automatically flagged or blocked, and all funds are eligible for FDIC pass-through insurance up to $250,000.
Don't want to deal with fees: No monthly fees, no minimum balance — for you or your child. Set up recurring allowances, track spending with built-in tools, and introduce real financial habits without any of the friction of a traditional teen account.
FinanceBuzz writers and editors score products and companies on a number of objective features as well as our expert editorial assessment.
Our partners do not influence our ratings.
Open Accounton Cash App's secure site, FDIC Insured
APY
3.25%Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 of Qualifying Deposits per month. Eligibility restrictions apply to some benefits. See Terms and Conditions for more information.To earn the highest interest rate on your Cash App savings balance, you need to (a) have a Cash App Card, or sponsor one or more sponsored accounts, and qualify for Cash App Green or (b) have a sponsored account with sponsor approval. Customers can qualify for Cash App Green by spending $500 in Qualifying Purchases using your Cash App Card or Cash App Pay per month, or by depositing $300 in Qualifying Deposits per month. See terms and conditions for more information on how to qualify.If you are signed up to earn interest, Cash App will pass through a portion of the interest paid on your savings balance held in an account for the benefit of Cash App customers at Wells Fargo Bank, N.A., Member FDIC. Exceptions may apply. Savings yield rate is subject to change.
Minimum Balance for APY
$1
Bonus Offer
N/A
Why We Like It
Cash App is U.S. teens' favorite financial services brand for payments4 <p>YPulse Brand Tracker | YScore+, Favorite Diagnostic | Aug 12 2024 - Aug 10 2025 | Nationally representative sample of 13-17-year-olds in the U.S. | Minimum base n = 100 per brand</p>
Teens can send, spend, and even save
Controls for you and extra security for them
No monthly or hidden fees for you or them1 <p>Cash App is a financial services platform, not a bank. Banking services provided by Cash App’s bank partner(s). See cash.app for more details. Prepaid debit cards issued by Sutton Bank, Member FDIC. Cash App Visa® Debit Flex Cards issued by Sutton Bank, Member FDIC, and The Bancorp Bank, N.A., pursuant to a license from Visa U.S.A. Inc. See terms and conditions for the Sutton prepaid card (https://cash.app/legal/us/en-us/card-agreement), Sutton debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-sutton), and Bancorp debit flex card (https://cash.app/legal/us/en-us/debit-flex-card-agreement-bancorp). Savings provided by Cash App, a Block, Inc. brand.</p>
Open Accounton Cash App's secure site, FDIC Insured
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