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Finance baby steps: When to add a child to your debit card
Kenyan banking law requires account holders to be at least 18 years old. But most banks bridge this gap with junior or teen accounts for children between 10 and 17 years.
Should you add your child to your debit card? As more Kenyan children travel abroad for school trips or shopping, a new parenting trend is taking root, giving them access to debit cards.
For some parents, it is about teaching financial responsibility and ensuring safety while abroad. For others, it raises tough questions about the risks of early exposure to money management. But how young is too young to have a debit card, and what should parents know before adding their child as a secondary cardholder?
