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PayPal Student Accounts - Giving Teens Their Own Spending Power

PayPal Student Accounts

You know how it is—$5 for pizza, $20 for movies, $60 for the latest video game. Like teens' lives, their spending can be pretty scattered. Help them contain the chaos with a new Student Account.
  • Teens can shop in stores & online with a PayPal Student Debit MasterCard®
  • Parents can monitor all account activity
  • There are no hidden fees or charges
  • What it is

  • For Parents

  • For Teens

  • Low Fees

Order and control in the chaotic world of teen spending

Your teen gets a card
  • Teens get an actual debit card they can use everywhere Debit MasterCard is accepted (with their own name on it)
  • Using a debit card in a controlled environment provides a greater opportunity for teens to budget and spend wisely
  • Anyone 13 years or older can have one—they just need their parent to open an account for them
You hold the reins
  • You can see everything that happens with the account, and even get low balance and high-spending alerts
  • Only you—the parent—can open a Student Account for your teen
  • You choose how much money you put into your teen’s account

Find out how parents and teens are making the most of Student Accounts. Real-life examples

Full account visibility and control See Demo
  • Track your teen's spending in real time
  • Set account permissions to keep your teen's spending under control
  • Receive notifications and alerts for high spending and low balance
Fast, free transfers See Demo
  • Set up convenient, recurring transfers. (So your teens won't always be asking for money.)
  • Make simple one-time transfers
  • Transfer money to your teen even in an emergency—right from your computer or mobile phone
Their own spending power See Demo
  • Your teen can shop in stores or online with a Student Account debit card—it's more convenient than cash
  • The card can be used everywhere Debit MasterCard is accepted
Fast, free transfers See Demo
  • Your teen won't always have to ask for cash—you can add money to your teen's account online, whenever they need it
  • You can load money onto your teen's card even in an emergency
Responsible spending habits
  • Managing money helps teens become financially responsible
  • When your teen sees where their money goes, it helps them spend wisely
No hidden fees with PayPal See demo

When considering a teen debit card, it's important to look at the total cost. With PayPal, there are no fees for activation, loading, or account maintenance. We don't hide any fees in our terms and conditions either. Quite simply, our fees are low and easy to find. See below.





Activation Fee No Cost Up to $20
Month Maintenance Fee No Cost Up to $5 each month
Loading Fee No Cost Up to $5 each transaction
Card Replacement No Cost Up to $15
Buying No Cost Usually Free, sometimes $1
Minimum Load Amount $0 Up to $20
ATM Withdrawal US $1.50 USD (plus any amount charged by the ATM owner) Up to $3 USD (plus any amount charged by the ATM owner)
  See All Fees  
Sending money to friends and family No Cost Not all prepaid cards allow users to easily send money to anyone with a phone number
Receiving money from friends and family

No Cost when the sender uses PayPal balance or bank.

2.9% + $0.30 USD to receive card-funded payments** from within the U.S.

3.9% + $0.30 USD to receive card-funded payments from outside the U.S.

Up to $5 each transaction
Receiving money after sending a money request

No Cost when requesting from the parent who opened the account or from another Student Account created by the same parent

Up to $5 each transaction

2.9% + $0.30 USD to receive a payment from within the U.S.

3.9% + $0.30 USD to receive a payment from outside the U.S.

Not all prepaid cards allow users to sell
Signature Withdrawal

$3 USD if a signature is required

Varies by card
Non-U.S. Fees
Exchange Rate & Fee Our exchange rate includes a 2.5% fee Varies by card
Non-US ATM Transaction $1.50 USD Up to 2% or $3.95
Non-US Debit Card Usage 1% Up to 2%





**Card funded payment means a payment that is fully or partially made by credit card, debit card, PayPal Pay Later or Buyer Credit.



I'd like to open a Student
Account for my teen.

I'm at least 13 years old and
would like a Student Account.


MasterCard is a registered trademark of MasterCard International Incorporated.

The PayPal Student Debit MasterCard is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The Bancorp Bank; Member FDIC