FamZoo Prepaid Mastercard® Debit Card for Teens

FamZoo Prepaid Mastercard® Debit Card for Teens

The FamZoo prepaid debit cards are designed to be used by entire families. FamZoo cards help parents teach their kids how to manage finances. These cards can be used by families living in US territory only....


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FamZoo Prepaid Mastercard® Debit Card for Teens


December 09, 2019

The FamZoo prepaid debit cards are designed to be used by entire families. FamZoo cards help parents teach their kids how to manage finances. These cards can be used by families living in US territory only. At the same time, they are a great tool for tracking spending while not having to deal with any overdraft fees. Parents receive a primary card while their kids get additional ones that are tied to the main account. Parents can transfer allowance and other funds to their children's accounts and use various features to help them learn about managing their balance. These cards come with minimum fees, but they have a fixed monthly cost. You can reload FamZoo prepaid debit card with a direct deposit and it is free. Your FamZoo prepaid Mastercard card also has 1 month FREE subscription and instant online decision.

ANNUAL FEE:

See Terms*

ONGOING APR:

N/A

INTRO APR:

N/A

Every parent wants to teach their kids valuable lessons on practical examples. One of the major lessons we must teach our kids as parents is how to use money. Just think about it, if you learned certain things on time, wouldn't you be able to avoid a lot of big financial mistakes?

What's done is done, and we learned our lessons the hard way. Luckily, we can do a lot to help our kids avoid the same mistakes and learn financial responsibility from the very start of their adult lives. This is where FamZoo and their prepaid cards come into play.

Their service allows kids to learn practical lessons by actually using money. The whole service is designed by a father, and it's meant to be used by parents and their kids.

The FamZoo Company & Its Goals


FamZoo was founded in 2006. This prepaid card provider has built its service around teaching young kids the value of money and managing it properly. The company works together with MasterCard and TransCard, to provide the best services possible, including quality support, security, and compliance.

The whole company was started by a parent who understood that children aren't getting the necessary knowledge they need to manage their personal finances. The root of financial problems for many people is a lack of understanding of the economy, money, and financial responsibility.

FamZoo IOU Accounts


FamZoo offers IOU accounts to give parents the ability to manage allowances for their kids. With these accounts, you track the money you are holding for your kids on other accounts. It can also be used for transferring money to their IOU accounts.

This was the first service offered by FamZoo, and the company took it a step further by adding prepaid card accounts. These accounts are similar to any other debit card accounts, and they allow parents to:

- Create budgets
- Share payments for expenses
- Create savings plans
- Add rewards for their kids
- Add parent-paid interest for available savings

FamZoo Prepaid Card Accounts


These cards are pretty similar to IOU but have one major difference - they come with prepaid debit cards that can be used by children. Additionally, parents can load their cards with as much allowance as they want. These accounts are more suited for teenage kids that already want to make their own purchases without parents present.

The card comes with minimal fees that are barely noticeable parents can track spending and perform actions with them if necessary. They can check where their kids are spending their money and suspend their cards if they want. It's important to know that kids can't get into debt with these cards.

Prepaid Card Account Costs


What's great about these prepaid accounts is that they come with fixed costs. The most basic plan costs $5.99 per month. If you commit to a longer period, the monthly costs are lower. Furthermore, the cards are MasterCard meaning that they can be used on all MasterCard supported ATMs or payment terminals without any fees.

Mobile App & Website


All FamZoo accounts can be accessed on the company's site or through a mobile app. The company offers an app for both iOS and Android users.

Our Thoughts on FamZoo Prepaid Cards


You should try out FamZoo cards in case you want to track how your kids spend their money with ease. There is no need for managing checkbooks or spreadsheets. All of the money that you give them can be transferred easily in an instant.

If you want your kids to learn about cards, earning, budgeting, and spending money, this is the right tool for the job. FanZoo is simple and easy, and it's definitely worth trying out. Bear in mind that you don't have to commit right away as there is a 60-day free trial.

Check FamZoon Review before applying for more details.464(46) FamZoo Prepaid Mastercard® Debit Card for Teens

at Other Issuers Secured website


Intro APR
N/A
Intro APR Period
N/A
Credit Needed
Accepts All*

Card Details


  • Try FamZoo for 1 month FREE!
  • Prepaid MasterCard cards for kids, teens, and parents. Includes a financial app.
  • 4 Subscription plans starting as low as 63 cents per card per month.
  • Order online. No credit check. Try for free.
  • No risk of debt, overdraft, or hidden fees.
  • Free card load and ATM options.
  • Retain parental visibility and control.
  • Move money instantly between family members.
  • Automatically track purchases.
  • Read the FamZoo Review before applying.

Editor's take


Every parent wants to teach their kids valuable lessons on practical examples. One of the major lessons we must teach our kids as parents is how to use money. Just think about it, if you learned certain things on time, wouldn't you be able to avoid a lot of big financial mistakes?

What's done is done, and we learned our lessons the hard way. Luckily, we can do a lot to help our kids avoid the same mistakes and learn financial responsibility from the very start of their adult lives. This is where FamZoo and their prepaid cards come into play.

Their service allows kids to learn practical lessons by actually using money. The whole service is designed by a father, and it's meant to be used by parents and their kids.

The FamZoo Company & Its Goals


FamZoo was founded in 2006. This prepaid card provider has built its service around teaching young kids the value of money and managing it properly. The company works together with MasterCard and TransCard, to provide the best services possible, including quality support, security, and compliance.

The whole company was started by a parent who understood that children aren't getting the necessary knowledge they need to manage their personal finances. The root of financial problems for many people is a lack of understanding of the economy, money, and financial responsibility.

FamZoo IOU Accounts


FamZoo offers IOU accounts to give parents the ability to manage allowances for their kids. With these accounts, you track the money you are holding for your kids on other accounts. It can also be used for transferring money to their IOU accounts.

This was the first service offered by FamZoo, and the company took it a step further by adding prepaid card accounts. These accounts are similar to any other debit card accounts, and they allow parents to:

- Create budgets
- Share payments for expenses
- Create savings plans
- Add rewards for their kids
- Add parent-paid interest for available savings

FamZoo Prepaid Card Accounts


These cards are pretty similar to IOU but have one major difference - they come with prepaid debit cards that can be used by children. Additionally, parents can load their cards with as much allowance as they want. These accounts are more suited for teenage kids that already want to make their own purchases without parents present.

The card comes with minimal fees that are barely noticeable parents can track spending and perform actions with them if necessary. They can check where their kids are spending their money and suspend their cards if they want. It's important to know that kids can't get into debt with these cards.

Prepaid Card Account Costs


What's great about these prepaid accounts is that they come with fixed costs. The most basic plan costs $5.99 per month. If you commit to a longer period, the monthly costs are lower. Furthermore, the cards are MasterCard meaning that they can be used on all MasterCard supported ATMs or payment terminals without any fees.

Mobile App & Website


All FamZoo accounts can be accessed on the company's site or through a mobile app. The company offers an app for both iOS and Android users.

Our Thoughts on FamZoo Prepaid Cards


You should try out FamZoo cards in case you want to track how your kids spend their money with ease. There is no need for managing checkbooks or spreadsheets. All of the money that you give them can be transferred easily in an instant.

If you want your kids to learn about cards, earning, budgeting, and spending money, this is the right tool for the job. FanZoo is simple and easy, and it's definitely worth trying out. Bear in mind that you don't have to commit right away as there is a 60-day free trial.

Check FamZoon Review before applying for more details.


Advantages

  • Convenient for tracking transactions
  • Fixed fees
  • Good for education
  • Easy funds transfer
  • Secure

Disadvantages

  • Maintenance fee
  • Doesn't offer an ATM card loading option

Basic Info

Card Issuer:
Other Issuers
Card Network:
MasterCard®
Card Category:
Consumer (Regular)
Common Uses:
  • Instant Decision Cards
  • Prepaid Debit Cards
  • Guaranteed Approval
  • Teen Debit Cards
Rewards Card:
Yes
Reward Types:
  • Cash Back Reward Cards
Reward Units:
Cash
Understanding basic credit cards information and terminology can be confusing. We are here to help.

Finance & Rates

Introductory APR (%):
N/A
Applied Towards:
N/A
Intro Period:
N/A
Regular APR:
N/A*
Regular APR Type:
N/A
Annual Fee:
See Terms*
Balance Transfer:
No*
APR on Cash Advances:
29.99%*
Grace Period:
See T&C*
Late Payment Fee:
N/A
Understanding cards finance, terms and common credit cards rates can be complicated. We can help.

Compare Similar Card Offers



Card
FamZoo Prepaid Mastercard® Debit Card for Teens

FamZoo Prepaid Mastercard® Debit Card for Teens

Annual Fee

See Terms*

Regular APR

See Terms *

Intro APR

N/A

Rec. Credit Score

Accepts All*

Comments

- Available to eligible U.S. families only
- 4 Subscription PLANS:
Plan A: $5.99/month/family if you pay each month (auto-renews).
Plan B: $4.33/month/family if you pay $25.99 in advance for 6 months.
Plan C: $3.33/month/family if you pay $39.99 in advance for 12 months.
Plan D: $2.50/month/family <- BEST DEAL! if you pay $59.99 in advance for 24 months.
- So, if you choose the best deal above and order 4 cards for your family, you'll be paying the equivalent of $0.63 per card per month. Yes, that's an insanely great offer.



IMPORTANT
The information provided for FamZoo Prepaid Mastercard® Debit Card for Teens is believed to be accurate at the time of evaluation or recent update on December 09, 2019. However, we strongly advise visitors to review the Terms and Conditions on card issuer website by following APPLY NOW link to verify the accurancy of the information posted prior to actually applying for this card offer.
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Market Pro Secure® is an independent payment card comparison service supported by advertisers, a complete list of which can be seen in our Editorial Guidelines. Even though some of these advertisers are financial product providers and credit card issuers, our paid partnerships don't affect card ratings or the Best Card Picks on our website. We don't post any content that is provided or commissioned by any of our partners. However, our paid partnerships may affect how and where products appear on our site, including the order in which they are presented within listing categories. This order may also be affected by our website rules, as well as the likelihood of the applicant’s credit approval. We can't offer any warranty for the accuracy of the credit card information we share on our website, even though we do our best to keep the Terms and Conditions, rates, and other credit card details up-to-date. For more accurate information, click "APPLY NOW" to get transferred to the credit card issuer's official website. Market Pro Secure® doesn't include all available payment cards in the marketplace.

ADVERTISER DISCLOSURE. Market Pro Secure® is an independent payment card comparison service supported by advertisers, a complete list of which can be seen in our Editorial Guidelines. Even though some of these advertisers are financial product providers and credit card issuers, our paid partnerships don’t affect card ratings or the Best Card Picks on our website. We don't post any content that is provided or commissioned by any of our partners. However, our paid partnerships may affect how and where products appear on our site, including the order in which they are presented within listing categories. This order may also be affected by our website rules, as well as the likelihood of the applicant’s credit approval. We can't offer any warranty for the accuracy of the credit card information we share on our website, even though we do our best to keep the Terms and Conditions, rates, and other credit card details up-to-date. For more accurate information, click "APPLY NOW" to get transferred to the credit card issuer's official website. Market Pro Secure® doesn't include all available payment cards in the marketplace.

EDITORIAL DISCLOSURE. Market Pro Secure® doesn't post any content that is provided or commissioned by our advertisers, the majority of which are financial product providers and credit card issuers whose offers we feature on our website. The entirety of our editorial content – including any opinions, analyses, reviews, and evaluations – belongs to the author alone, and has not been reviewed, approved, or otherwise endorsed by our advertisers.