Venmo and Uber Launch Teen Accounts with Debit Cards and ATM Access
TL;DR Summary
Venmo is launching a new service that allows parents to open a Venmo account for children between the ages of 13-17 to send and receive money via the app. Venmo Teen accounts also come with a debit card and controls for parents to monitor transactions and manage their child’s privacy settings. Parents or legal guardians must sign up for a Venmo Teen account on behalf of their children. Each Venmo Teen account is connected to the parent’s personal Venmo account, which allows guardians to send money to their teen, monitor their account balance and transactions, and manage their privacy settings.
- Venmo is introducing accounts and debit cards for teens The Verge
- Venmo to be officially available for teenagers, although many use it already The Associated Press
- Venmo will soon have accounts for teenagers, with no-fee debit card and ATM access Engadget
- Uber launches teen accounts for Dayton-area riders WDTN.com
- Venmo to roll out accounts for teens MarketWatch
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