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Copper Banking Review | Best Bank for TEENS 3 года назад


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Copper Banking Review | Best Bank for TEENS

Copper Banking Review: Click “Show More” to see my Favorite Financial Tools ▽MY FINANCIAL TOOLS▽ 🏦 SoFi Complete Money Management ➤ Checking & Savings - https://magnified.reviews/SoFi ➤ Credit Card - https://magnified.reviews/SoFiCreditCard ➤ Invest - https://magnified.reviews/SoFiInvest ➤ Budgeting - https://magnified.reviews/SoFiRelay ---------- 💰 Chime Fully Online Banking ➤ Sign-Up for Chime HERE: https://magnified.reviews/Chime ➤ Chime Credit Builder HERE: https://magnified.reviews/Credit-Builder ---------- 💳 Favorite Credit Cards ➤ Chase Sapphire - https://magnified.reviews/Sapphire-Pr... ➤ Capital One Venture X - https://magnified.reviews/VentureX ➤ Chase Ink Business - https://magnified.reviews/Ink-Business ➤ Amex Green - https://magnified.reviews/Amex-Green ➤ Amex Platinum - https://magnified.reviews/Platinum ➤ Amex Business Gold - https://magnified.reviews/BusinessGold ---------- 📊 Wealthfront Automated Investing ➤ First $5,000 Managed for FREE - https://magnified.reviews/Wealthfront ---------- 💵 Current Card ➤ Current | Modern Banking App - https://magnified.reviews/CurrentCard ---------- 📸 MY CAMERA GEAR ➤ My Camera: https://magnified.reviews/Camera ➤ My Microphone: https://magnified.reviews/Microphone ➤ My Lights: https://magnified.reviews/Lights Copper is a fully online bank that is going to help teens build smart financial habits with their savings and spending while also incentivizing them to learn about personal finance and how they can maximize their wealth in the future. So with this account, you're going to get a copper bank debit card that you can use to spend as you would with any other debit card and this is going to integrate with the highly-rated copper banking app that allows you to keep track of all of your income and spending and therefore create an effective budget that works for you. You also get access to over 50,000 ATMs nationwide so that you can quickly access your cash if you need to and you can link your card to other apps like Venmo or cash app in order to send payments to other individuals. And another huge benefit that a lot of fintech banks don't even offer yet is copper uses the green dot reload system meaning you are able to deposit cash at certain retail locations. Now there are sometimes certain fees that go along with this depending on where you are depositing that cash but at least you have this option should you need to deposit cash for whatever reason. So as a teen you're able to monitor your income and expenses right from the app and you can even request money from your parent or Guardian. Plus parents are able to set up consistent allowance payments or send money to their teen for whatever reason in seconds right from the app. Now I know this part isn't going to be super popular with those of you looking to get this account for yourself but copper also allows parents to monitor their child's spending habits to make sure that they're not going off and spending their life savings on dogecoin. And while I completely understand that that may be frustrating from the point of view of a teenager, I do feel that the benefits that you're going to get out of this are going to far outweigh the frustration of having your parents constantly looking over your shoulder. For example, you're able to request money basically as a refund for a purchase so if you want to go out and get food for example then instead of having to ask your parents for cash or bring them a receipt, you can just go ahead and make that purchase on your own with your copper debit card and then your parents are able to see that and they can instantly refund you for that purchase right from the app. Plus, like I said they can also set up recurring allowances and send you money for whatever reason so if you have different chores for the week then maybe they can send you money for that. OK so that's a really surface-level view of Copper bank but who is this account really for and more importantly should you consider getting it. Well if you're a teenager who's been looking to get a bank account then I'm sure you are well aware that it can be incredibly frustrating to find banking options specifically for teenagers. And while I totally understand that it can be a little frustrating that you can't just go ahead and open your own account, those rules are in place for a reason and copper is a fantastic option that allows you to have some level of financial independence and have the benefits that you would get with most regular bank accounts. Music from Epidemic Sound Magnified Money may receive compensation for sending traffic to partnered sites. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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