Capital One has some excellent products to help teens learn about finances. The Money teen checking account is actually open to children aged 8+. The account has parental controls that allow parents to keep an eye on their child’s spending and help them with teachable money moments. There are no fees or account minimums and the account comes with a free debit card. There is also a kids savings account that is fee free with no minimum balance that pays 0.30%. You can link the accounts, which will help make it easier for your kids to manage their money and save.