5 Things Your Teens Need To Know About Debit Cards

Today’s teenagers are savvy and smart when it comes to so many things but we still have a responsibility to teach them about important things like money, how a checking account works, and what they need to know if they have a debit card.

Here are a few talking points for when you are ready to talk to your teen about debit cards.

Only spend what you have. A debit card is connected to your checking account. That means it’s there for spending the money you have in that bank account – not for accumulating debt like with a credit card. It’s so easy to tap that card at the register but the consequences of overspending can be long lasting and dire.
It’s great for everyday spending especially for those who wish not to carry cash.
Getting cash from an ATM is easy. VCNB belongs to a network of more than 30,000 surcharge-free ATMs, making it easy and affordable to withdraw cash without visiting the bank.
A debit card and PIN should be protected. Don’t loan your card to anyone – even a trusted friend – and never share your PIN.
If you lose your debit card or fear your card information has been stolen, contact VCNB immediately so we can help you.

There is so much they need to learn but these five tips will help them get started on the road to responsible debit card usage.