Capital One MONEY Teen Checking Account

U.S. citizens and legal residents can apply for a MONEY Teen Checking account. Since this is a joint account, MONEY must have 2 owners, one, "the Adult", who is 18+, and who must be the parent or the legal guardian of the "Young Adult". The former must have either an active Capital One deposit account in good standing or a personal checking account at another U.S. bank that will then be linked to the MONEY account.

While the account says it's designed for teens, any kid aged 8+ can become a joint accountholder, together with their parent or legal guardian. Once the teen's reached the age of 18, they can open Capital One's 360 Checking® Account, and transfer their funds there.

For accountholders who are less than 18 years old, total card purchases and withdrawals are limited to $500 per day. These transactions include ATM withdrawals, cash advances, and signature and PIN-based purchases. Withdrawals from an ATM made using a MONEY Card are limited to $500 per day. 

For those who are 18+, the transaction limit is set to $5,000 per day. ATM withdrawals made using a MONEY card are limited to $1,000 per day.

If you want to lower the limit, you can call Capital One at 1-888-464-0727.

As a paperless customer, you agree with Capital One to receive all communications, such as tax forms or monthly statements, electronically, at a valid email address you'll be asked to provide.

MONEY Teen checking accounts are online accounts, meaning you can open an account, and manage your finances regardless of your location.

However, you can also visit the nearest Capital One branch, and open a MONEY teen checking there - or online, of course.

MONEY Teen Checking accounts are paper-free accounts, so there aren't any checks available, only a debit card.

In addition to mobile deposits, online bill pay, and a free credit score, you can also take advantage of many other online banking perks Capital One offers to its clients via its well-rated app. For example, you can transfer money via Apple Pay®, Google Pay™ and Samsung Pay®, and also use Zelle® for person-to-person money transfers.

You can, of course, set instant alerts to keep track of your spending, and receive push notifications whenever your card is used. In case your card is lost or stolen, you can immediately lock it via the app.

For an extra layer of security, you can choose how to access your account in the app: whether it with a touch of your finger using the device fingerprint sensor or with a customized pattern using SureSwipe, you can rest assured no one but you will be able to log in to your account.

You can withdraw or transfer money from your MONEY Teen account either directly on the website or using the debit card your teen received to withdraw funds at ATMs and points of sale. You can also contact the bank to complete the operation.

No, only in the United States, and U.S. territories.

You can use live chat available in your Capital One mobile app, but you can also visit a Capital One Café or give them a call at 1-877-514-2265.How do I contact Customer Service?