Does this mean the ones my kids have currently are going away? I am so disapointed! My daughter was just getting ready to get hers and start to manage her own clothing budget. Please bring them back.
I am also deeply disappointed USAA has stopped the Pre-Paid Cards. I have been with USAA for almost 20 years now. The cards were great for my older two children and now trying to teach my younger two and there are no more cards. I see they grandfathered and still allow my two older children to keep using their cards why not just bring them back. it is much safer than caring cash these days and as a parent it is great to load allowance and teach them to manage their accounts so when they become adults and have their own accounts they are financially resposnible. Nothign USAA has beats the pre-paid cards. It is like USAA is trying to force their customers to shop services elsewhere. I thought this was a company that was member lead and member represented but it does not seem like they want to listen to what heir members want. Maybe it is time to shop around at this point. Bottom line as a member I am askign you to bring back the pre-paid cards and start listenign to your members.
They have a Youth Spending Account that is similar. You load a certain amount to the card for children to spend. No going over. BUT it has the flexibility of setting spending limits, allowing checks, transfers available, converts to a normal account when they turn 18, etc. We just did this for our 4 oldest children. FANTASTIC Options.
Not sure you are right about the Youth Spending account. How come they offer an overdraft protection if you can't go over. And if you can write checks, you can always go over. I like this option, but it's not the same as the prepaid card.