Introducing the Venmo Teen Account
Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money
- Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money
SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Venmo today introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money. - What Parents and Teens Will Love About the Venmo Teen Account:
Each Venmo Teen Account is connected to and managed by a parent's personal Venmo account and provides parents with essential parental controls and oversight of the activity on their Venmo Teen Account. - Convenient: The Venmo Teen Account has no monthly fees and offers no-fee cash withdrawals at participating ATMs through the Venmo Teen Debit Card3.
- Parents sign up their teen for a Teen Debit Card, which is linked to the Venmo Teen Account balance, and can choose to grant the teen access to the Venmo app.