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Prepaid card for kids on holiday

Is there an appropriate prepaid card option for kids (early teens), so that I can load with Euros before they go and they can spend easily without getting ripped off with large fees? Thanks.

Comments

  • Mark_d
    Mark_d Posts: 1,934 Forumite
    1,000 Posts First Anniversary Name Dropper
    I would use a Starling Kite account
  • NoodleDoodleMan
    NoodleDoodleMan Posts: 3,937 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    We have a Caxton FX prepaid card (very rarely used) - however it does allow for additional cardholders aged 13+ and funds can be easily converted from Pounds to other currencies, including of course Euros.
    It can be used contactless (or PIN if required) for goods and services.
    Caxton do not take a fee for withdrawing currency at foreign ATMs - although the machine may well take a % commission. You'd need to check that out depending on which country/countries the kids are visiting.
    Gives you control over what you load and direct to their card(s) - but no control over what they spend it on :D over there.
    I use ours so the two grandkids (additional card in son's name) can have some spending dosh on holiday.
    Worth considering IMO to suit your scenario.

  • zagfles
    zagfles Posts: 21,245 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Chutzpah Haggler
    We have a Caxton FX prepaid card (very rarely used) - however it does allow for additional cardholders aged 13+ and funds can be easily converted from Pounds to other currencies, including of course Euros.
    It can be used contactless (or PIN if required) for goods and services.
    Caxton do not take a fee for withdrawing currency at foreign ATMs - although the machine may well take a % commission. You'd need to check that out depending on which country/countries the kids are visiting.
    Gives you control over what you load and direct to their card(s) - but no control over what they spend it on :D over there.
    I use ours so the two grandkids (additional card in son's name) can have some spending dosh on holiday.
    Worth considering IMO to suit your scenario.

    IIRC their exchange rate is pretty rubbish compared to the VISA/Mastercard rate, which you'd get with a fee free card like Nationwide and others. 
  • NoodleDoodleMan
    NoodleDoodleMan Posts: 3,937 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Yes, however I reckon it would better suit the OP's needs rather than having the kids open an account over which he has much less control.
  • eskbanker
    eskbanker Posts: 35,214 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    This thread is in danger of completely repeating another recent one in similar territory, so it might be worth cutting to the chase and reading https://forums.moneysavingexpert.com/discussion/6579458/best-form-for-children-to-take-money-abroad
  • NoodleDoodleMan
    NoodleDoodleMan Posts: 3,937 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    Correct. Well spotted.
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