Flyte Banking App For Kids And Teens – All Your Questions Answered!
Flyte. Banking for Kids and Teens
Flyte is one of the best banking for kids that lets you create an account for your child virtually instantly and give them the freedom to control their expenditures and savings. With Flyte banking for kids, you can give your children practical financial lessons while still having the final say on what they do with their funds.
What Is Flyte Banking for Teens?
Flyte is a teen banking app that allows you to create a custodial bank account within minutes. You retain control over the account and can set budgets and restrict certain types of spending.
With the Flyte banking app, you deposit, withdraw and make purchases just like with a regular bank. You can also receive a free Flyte card in your child’s name. This no fee debit card for kids can be used to make online and offline purchases. So it works just like a standard bank, only you do not need to pay fees – instead, invest this money in your child!
Flyte Features
Flyte is more than a banking for kids platform. It is also an online brokerage where you can purchase stocks, bonds, ETFs, and crypto for your children. Flyte offers fee-free trading on all asset classes. With just the click of a button, you can build the dream investment portfolio for your children.
What Does It Offer?
Flyte is the easiest way to set up a custodial account and investment account for your children. The platform is completely free and allows you to save money for your child’s financial future so they can pay for college or make a down payment on their first home. Flyte app is a great way to teach your kids how to manage money wisely, and you can even trade together!
With their very own bank account, your child can budget and control their expenditures. And then with their trading account, they can invest in a variety of asset classes with zero fees. You retain full control over both accounts and your child can only make trades and purchases with your approval.
Fees
Flyte offers 100% free online banking services. At Flyte, you can deposit, transfer money and make offline and online payments using your Mastercard debit card for free! It does not cost anything to open your smart banking account and you will not need to pay monthly fees.
Also, you can make trades for free on all asset classes including stocks, bonds, ETFs, and crypto. This gives you the freedom to alter your portfolio and ensures you can invest every single dollar you have saved!
How To Open an Account
So, what do you need to open a bank account if you’re under 18? All you need to do is to type in your child’s name, date of birth, and Social Security number – it is as simple as that. The whole process takes under 5 minutes and then you can start saving and investing for your kids! Don’t forget to order your free Flyte card!
Conclusion
Do you want to ensure that your children can pay for college or purchase their first property? Then it is time to set them up with their own savings and investment account. With Flyte teen banking app, within 5 minutes you can create a free custodial account and create custom saving goals while investing in stocks, crypto, ETFs, and bonds!
Even better, you can get a complimentary Mastercard in your child’s name. There has never been a better time to build your kid’s future, start today with Flyte’s teen banking and investing app.
