Venmo Teen Accounts allow parents to wire money to the account holder and come with a customizable Venmo Teen Debit Card.
: Parents of teens aged 13 to 17 can open a Venmo Teen Account and receive a Venmo Teen Debit Card. Venmo says that those parents will have access to the account, allowing them to monitor finances and even send money to the account holder—which the company hopes can be an avenue to increase teenage financial literacy. According to, a financial planner that Venmo cites in its press release, 45% of surveyed teens want to have a conversation with an adult to learn more about money.
Parents will have to sign up for the Venmo Teen Account on behalf of the account holder. Parents can do thattheir name in the upper left-hand corner, and selecting “Create a teen account.” Creating the account will allow them to enter all of the account holder’s information, and let them choose a debit card color. Venmo says that the Venmo Teen Account will be opened up to select users in June 2023, with a wider rollout in the coming weeks.
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