Venmo is announcing Teen Accounts.
Today, we introduced the ability for parents and guardians to open a Venmo Teen Debit Card and Venmo Teen Account to give their 13- to 17-year-olds a secure, seamless way to send and receive money. The Teen Account has built-in parental controls and oversight capabilities, empowering teens to learn more about managing money and helping them build healthy money habits.
With the Venmo Teen Account, teens will be able to start experiencing Venmo with essential parental oversight. Only parents or guardians can sign up for a Venmo Teen Account on their teen’s behalf. Each account will provide a teen with a Venmo Teen Debit Card, and the parent or guardian will have the option to invite their teen to use the Venmo app.
With the Venmo Teen Account, we want to make healthy money management a family affair while also giving parents and guardians the tools and features to ensure they have peace of mind and essential oversight of their teen’s interactions and transactions on Venmo.
Each Venmo Teen Account will be connected to and primarily managed by their parent’s personal Venmo account, giving parents control over and visibility into their Teen Account and activity on the app. There are several essential controls that Venmo has in place for parents to leverage, including settings that only parents can change. Only parents will be able to:
A parent or legal guardian must sign up for a Venmo Teen Account on their teen’s behalf. Here’s how to get started:
Venmo Teen Accounts are available for select users starting today and will roll out over the coming weeks. To learn more about the various features accessible through the Teen Account, click here.
Introducing the Venmo Teen Account
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