A sixteen-year-old hands a ten-dollar bill to a barista at a local coffee shop, only to be told the store no longer accepts physical currency. This scene plays out thousands of times a day across the United States. We have built an economy that aggressively marginalizes cash. For adults equipped with credit cards and digital wallets, this transition is a minor inconvenience. For teenagers, it creates a structural problem. Parents can no longer hand their child a twenty-dollar bill for a Friday night movie and assume the transaction will work out smoothly. Adolescents need digital access to money. They need to split the cost of an Uber ride, pay a friend for half a pizza, or buy a digital ticket for a high school football game. Finding the right financial structure to support these needs requires a specific approach. The solution lies in bridging a modern peer-to-peer payment application with a legacy banking product. This strategy provides the flexibility teenagers demand while maintaining the security parents require.
Most financial advice directed at minors centers on generic platitudes about saving money. That advice misses the actual mechanical problem of existing as a young adult in the current economy. The challenge is not just learning to save. The challenge is learning to transact safely in an environment designed to separate people from their money with minimal friction. By combining the social utility of a Venmo Teen Account with the structural stability of a traditional checking account, families can create an educational sandbox. This setup allows teenagers to practice managing digital cash flow before they turn eighteen and face the predatory lending practices of the adult banking market.
The New Financial Reality for American Teenagers
The days of managing a weekly allowance through a physical jar on a dresser are gone. The infrastructure of daily life has digitized. High schools mandate online portals for purchasing yearbooks. Local community centers require digital payments for summer camp registration. The physical medium of exchange has lost its utility. Teenagers face a marketplace that demands plastic or digital authorization. Understanding this shift is the first step in rethinking how we teach financial independence.
Why Cash No Longer Works for Gen Z
A five-dollar bill used to solve most teenage financial problems. That reality vanished over the last few years. Stadiums went cashless. Movie theaters implemented kiosk-only ticketing. Adolescents find themselves functioning in an environment that outright rejects physical money. Research indicates that younger generations have a higher default trust in computer-mediated technology, leading to rapid adoption of mobile banking tools (Addula, 2025). They do not perceive cash as superior. They view it as a logistical burden.
Parents who attempt to manage a household using physical envelopes of cash discover that their children cannot actually spend the money without constant parental intervention. A teenager wanting to buy a video game expansion pack cannot feed paper bills into a gaming console. They must hand the cash to a parent, who then uses their own credit card to make the digital purchase. This dynamic defeats the purpose of giving the teenager financial autonomy. It turns the parent into a permanent financial intermediary.
| Payment Method | Daily Utility for Teens | Parental Visibility | Peer-to-Peer Capability |
|---|---|---|---|
| Physical Cash | Low. Rejected by many venues and online stores. | None. Impossible to track once handed over. | Manual only. Requires physical proximity. |
| Traditional Debit Card | High. Accepted universally at physical retailers. | High. Full transaction history available. | Low. Cannot easily split checks with friends. |
| Venmo Teen Account | High. Works online and features a physical card. | High. Parents monitor the connected feed. | Maximum. Designed specifically for social splitting. |
The Rise of the Hybrid Banking Strategy
Financial institutions historically viewed teenagers as future customers rather than current ones. They offered basic savings products that paid negligible interest and lacked modern interfaces. Silicon Valley recognized this gap and flooded the market with prepaid debit cards and allowance applications. Families quickly realized that neither extreme solved the entire problem. Digital applications lacked the foundational banking infrastructure required for depositing physical paychecks from a summer job. Legacy banks lacked the social payment integration necessary to split a bill seamlessly at a restaurant.
The hybrid banking strategy emerged from this frustration. Parents now orchestrate systems where a traditional checking account anchors the financial architecture, while a peer-to-peer application serves as the primary spending mechanism. This structure mirrors how financially savvy adults manage cash flow. They separate their holding tank from their spending vehicle. Adopting this hybrid method teaches teenagers the mechanics of moving money securely across different platforms.
Understanding the Venmo Teen Account
For years, teenagers bypassed terms of service agreements by lying about their age to open digital payment accounts. This created significant compliance risks and left parents completely blind to their children's financial activities. Recognizing the massive demand, payment companies eventually developed compliant products tailored for minors. The Venmo Teen Account represents a major shift in how the financial technology sector approaches underage users. It legitimizes the peer-to-peer transactions that were already happening in the shadows.
How Venmo Designed Accounts for 13- to 17-Year-Olds
The Venmo Teen Account is not a standalone product. It operates as an extension of a parent or legal guardian's existing adult account. This design choice satisfies regulatory requirements for tracking money movement while giving the teenager a sense of autonomy. The adolescent receives their own login credentials, their own application interface on their smartphone, and their own physical Mastercard debit card. However, the legal responsibility and administrative control remain firmly with the adult sponsor.
To initiate the setup, the parent logs into their own application and navigates to the family section to invite their teen. The teenager then downloads the application and creates an profile linked directly to the parent's hub. This structural connection ensures that the minor cannot bypass the monitoring systems. If the teenager attempts to remove the parental link, the account immediately suspends.
Core Features and Spending Limits
The primary draw for teenagers is the social payment feed. Digital peer-to-peer payments reduce the awkwardness of asking friends for money, making it much easier for youth to split costs fairly (Li et al., 2021). The teenager can send and receive funds from other users, just like an adult. They also receive a physical debit card tied directly to their available balance. The account intentionally prohibits overdrafts. If a teen attempts to purchase a twenty-dollar meal with only fifteen dollars in their balance, the terminal declines the transaction immediately.
Strict velocity limits govern the platform. As of current guidelines, a teenager can send a maximum of $999.99 per week in peer-to-peer transactions. Daily spending on the debit card is capped at $3,000, and ATM withdrawals cannot exceed $400 per day. These limits prevent catastrophic financial damage if the physical card is stolen or if the teenager falls victim to an online scam. The inability to spend money they do not have serves as a natural guardrail against the debt traps that catch many young adults.
| Venmo Teen Limit Category | Current Maximum Limit | Operational Purpose |
|---|---|---|
| Person-to-Person Sending | $999.99 per rolling week | Prevents large-scale unauthorized transfers to scammers. |
| Debit Card Purchases | $3,000 per day | Caps retail spending liability in case of physical card theft. |
| ATM Withdrawals | $400 per day | Limits cash exposure and reduces robbery incentives. |
| Overdraft Allowance | $0.00 (Strictly prohibited) | Ensures minors cannot accumulate negative balances or fees. |
Parental Controls and Monitoring Mechanics
Transparency dictates the parent-teen relationship on this platform. The parent possesses a dedicated dashboard within their own application to monitor the teen's activity. They can view every incoming transfer, outgoing payment, and retail swipe in real time. If the parent spots a suspicious transaction, they can lock the teen's physical debit card instantly with a single screen tap. This feature proves highly useful when a teenager misplaces their wallet at school.
Parents also manage the privacy settings. The social feed functionality, while popular among youth, introduces privacy concerns. Parents can force all transactions to remain private, preventing the teenager's peer group from seeing who they are paying or what they are buying. This control mechanism is critical. Peer-to-peer applications can inadvertently increase peer pressure by making financial exchanges public (Li et al., 2021). Shielding a teenager's spending habits from public view removes the performative aspect of spending money.
Where Venmo Falls Short as a Standalone Solution
Despite its utility, relying entirely on a peer-to-peer application creates blind spots. Digital payment platforms lack the physical infrastructure required for comprehensive banking. A teenager cannot walk into a branch to ask a teller a question or deposit a jar of loose coins. Furthermore, depositing paper checks via mobile applications often involves processing delays and lower deposit limits compared to traditional institutions.
Another significant risk involves aggressive algorithm enforcement. Peer-to-peer applications rely heavily on automated security systems to detect fraud. These algorithms can freeze accounts without warning if they detect unusual activity. A sudden account freeze can completely block a user from accessing funds for vital needs like transportation or food (Rankins, 2023). If a teenager traveling for a sports tournament relies solely on their digital wallet and the algorithm triggers a freeze, they are stranded. A traditional bank account provides the necessary redundant layer of financial security.
The Role of a Traditional Teen Checking Account
A traditional checking account grounds a teenager in the reality of the regulated banking system. Digital applications abstract the concept of money, turning it into a score on a screen. A legacy bank account introduces the formal mechanics of the economy. It requires understanding routing numbers, account numbers, direct deposit forms, and monthly statements. These are not outdated concepts. They are the permanent plumbing of adult financial life.
Building Foundational Financial Literacy
Financial education works best when combined with practical application. Research confirms that teaching teenagers finance through structured, formal methods significantly increases their ability to assess risk and decreases their tendency toward impulse purchases (Lührmann et al., 2015). Opening a joint checking account at a brick-and-mortar bank or an established online bank provides the laboratory for this education.
When a teenager receives their first paycheck from a summer job, they need a safe place to store it. Cashing a check at a grocery store customer service desk normalizes paying fees simply to access one's own labor. A traditional account teaches the young adult that banking should be free. It teaches them how to read a statement, spot unauthorized charges, and understand the difference between current balance and available balance. Poor financial decision-making with digital tools among young adults highlights a clear need for this foundational education (Rodríguez-Correa et al., 2025).
Popular Traditional Teen Accounts in the US Market
The market for underage checking accounts has expanded significantly. Banks recognize that capturing a customer at age fifteen often secures their loyalty for decades. Consequently, several institutions offer highly competitive products designed specifically to partner with parents in teaching financial responsibility. Examining a few leading options helps clarify what features matter most.
Capital One MONEY Teen Checking
Capital One designed their MONEY account as a strong entry-level product for adolescents. It carries no monthly fees and requires no minimum balance. The teenager receives a debit card, and the parent receives robust monitoring tools through the primary mobile application. A standout feature is the competitive interest rate paid on balances, which introduces the concept of yield to a young saver. The application also allows parents to set up automated allowance transfers, mimicking the consistency of an adult paycheck.
Chase High School Checking
For families who value physical branch access, Chase High School Checking offers a compelling solution. The account is available to students ages 13 to 17, provided a parent or guardian links their own qualifying Chase checking account. It removes the monthly service fee entirely during the teenage years. The primary advantage here is the massive physical footprint of Chase branches across the United States. A teenager can physically deposit cash from babysitting jobs or receive in-person assistance if they lose their debit card.
Local Credit Unions and Community Banks
Large national banks do not hold a monopoly on quality youth products. Local credit unions frequently offer exceptional teen checking options. These institutions often focus heavily on financial education, sometimes requiring the teenager to complete a short online course before issuing the debit card. Credit unions typically participate in shared branching networks, allowing members to use thousands of affiliated ATMs nationwide without facing surcharges. Families who prioritize relationship banking often find credit unions more forgiving regarding minor administrative errors.
| Institution / Account Name | Monthly Maintenance Fee | Physical Branch Access | Primary Advantage for Teens |
|---|---|---|---|
| Capital One MONEY | $0 | Limited (Capital One Cafes) | Pays interest on balances, teaching the value of saving. |
| Chase High School Checking | $0 (With linked parent account) | Extensive nationwide network | Easy cash deposits and familiarization with major banking tools. |
| Typical Local Credit Union | $0 | Local branches + Co-Op network | Highly personalized customer service and educational focus. |
Integrating Venmo With a Traditional Teen Account
Owning both accounts solves nothing if they do not communicate efficiently. The power of this strategy lies entirely in the integration. The traditional checking account and the digital wallet must function as a single ecosystem. This requires intentional setup and clear rules established by the parent regarding how money flows between the two platforms.
The Hub-and-Spoke Banking Method
The architecture of modern teen finance relies on the hub-and-spoke method. In this system, one central account acts as the primary holding area for all incoming capital. The secondary accounts act as specialized tools for specific types of transactions. This structure prevents money from sitting in highly vulnerable locations and forces the user to interact thoughtfully with their funds before spending them.
Setting the Traditional Bank as the Central Hub
The traditional checking account must serve as the central hub. All major inflows of capital land here first. If the teenager works a part-time job, they submit the routing and account number of the traditional bank to their employer. If a grandparent sends a graduation check, the teen deposits it using the bank's mobile check capture feature. The bank vault represents stability. It benefits from FDIC or NCUA insurance, meaning the deposits are federally protected against institutional failure. The bulk of the teenager's net worth stays parked in this highly secure environment.
Using Venmo as the Tactical Spending Spoke
The peer-to-peer application functions as the tactical spending spoke. It acts purely as a transactional conduit, not a storage vault. When the teenager plans to go out with friends on a Friday night, they move a specific, predetermined amount of money from the central bank hub into the digital wallet. This manual movement of money creates a psychological pause. It requires the teen to calculate exactly how much they intend to spend. Form of payment does not severely alter risk-taking behavior in young adults, meaning mobile money is just as safe as cash for daily use from a behavioral standpoint, provided the boundaries are clear (Hoel et al., 2022).
| System Role | Assigned Financial Tool | Primary Activity |
|---|---|---|
| The Central Hub | Traditional Checking Account | Receiving payroll direct deposits, mobile check deposits, and holding long-term savings. |
| The Tactical Spoke | Venmo Teen Account | Splitting restaurant bills, paying friends for gas, and handling weekend entertainment costs. |
Funding Mechanics: Connecting the Accounts
Connecting the two platforms requires a basic understanding of clearinghouse mechanics. The teenager, under parental supervision, links the traditional checking account to the digital wallet using the bank's routing number and the specific account number. The digital application typically verifies this connection by sending two micro-deposits of a few cents to the bank. The user confirms these exact amounts to prove ownership of the hub account.
Once linked, transferring funds involves a timing trade-off. Standard transfers from the bank to the digital wallet, or vice versa, process through the Automated Clearing House network. These transactions take one to three business days to clear and cost nothing. If the teenager needs money instantly to pay a friend, they must use an eligible linked debit card to execute an instant transfer, which incurs a percentage-based fee. Teaching a teenager to plan ahead to avoid the instant transfer fee serves as an excellent practical lesson in the time value of money.
Security Trade-Offs and Fraud Prevention
Linking accounts increases the surface area for potential fraud. If a bad actor gains access to the digital wallet, they could theoretically pull funds from the linked bank hub. To mitigate this risk, families must implement strict security protocols. The application must be secured with biometric authentication, such as facial recognition or a fingerprint scan. Two-factor authentication is non-negotiable. Furthermore, parents should instruct their teens never to link the accounts in a way that permits automatic top-offs. Every transfer from the bank to the digital wallet must require manual authorization.
A stark difference exists between disputing a fraudulent charge on a traditional bank debit card and disputing a mistaken peer-to-peer transaction. Traditional banks follow Regulation E, providing strong consumer protections against unauthorized debit card swipes. Digital applications offer far less recourse if a teenager accidentally sends fifty dollars to the wrong username. This discrepancy highlights exactly why large balances belong in the bank, not the digital wallet.
Practical Real-World Decision Examples for Families
Theoretical frameworks only help if they survive contact with reality. Everyday teenage life presents constant financial friction points. Examining how specific families apply the hub-and-spoke model clarifies the practical benefits and the necessary compromises.
Scenario A: The High School Athlete Managing Team Expenses
Consider a sixteen-year-old named Sarah who plays on a regional travel volleyball team. Every month, she needs to contribute her portion of hotel costs, tournament entry fees, and shared meals. Her coach and teammates manage all these collections exclusively through digital requests. If Sarah only possessed a traditional checking account, she would have to constantly ask her parents to forward money to the coach on her behalf.
By operating a hybrid system, Sarah takes full responsibility. She receives her monthly allowance via a direct transfer from her parents into her Chase High School Checking account. When the coach requests eighty-five dollars for an upcoming tournament in Atlanta, Sarah logs into her bank, verifies her balance, and initiates a standard transfer to her digital wallet. Two days later, the funds clear, and she pays the coach directly. The trade-off is the clearing delay. If Sarah forgets to initiate the transfer until the deadline day, she must either pay the instant transfer penalty out of her own pocket or ask her parents for an emergency bailout. Letting her face the minor consequence of a late fee teaches scheduling and foresight far better than a parental lecture.
Scenario B: The Working Teen Depositing Direct Paychecks
Marcus works twenty hours a week bagging groceries at a Publix in Miami. He earns roughly three hundred dollars a week and is aggressively saving to buy a used car. If Marcus routes his payroll direct deposit straight into a digital wallet, he faces a massive psychological hurdle. He will stare at his entire net worth every time he opens the application to pay for a soda. Digital platforms make money feel easily deployable, creating a risk of bleeding his savings dry through minor daily purchases.
Instead, Marcus sets his local credit union checking account as his payroll destination. His entire paycheck lands in the secure hub. Every Friday afternoon, he manually transfers exactly fifty dollars to his digital wallet for weekend entertainment. The remaining two hundred and fifty dollars stays in the credit union, untouched and out of sight. The friction involved in moving the money acts as a protective barrier. He cannot spend his car fund impulsively because the money is physically segregated from his daily spending mechanism.
Scenario C: The College Prep Budgeting Drill
A grandparent decides to help fund their high school senior's daily expenses. Rather than paying bills directly or superfunding a 529 education plan without teaching the teen how to manage cash flow, the grandparent deposits two hundred dollars on the first of every month into the teen's Capital One MONEY account. The senior, David, bears total responsibility for his own gas, fast food, and movie tickets for the entire month.
During the second week of October, David heavily overspends on peer-to-peer transactions, splitting expensive dinners with friends. He drains his linked checking account. Because traditional teen accounts decline transactions instead of charging predatory overdraft fees, his debit card simply gets rejected at a gas station on a Thursday afternoon. He experiences the acute stress of having zero purchasing power. This creates a highly educational, safe failure environment. The temporary embarrassment at the pump serves as a critical learning moment, occurring while he still lives under a supportive roof, rather than during his freshman year of college when the stakes are infinitely higher.
Navigating Tax and Regulatory Implications for Teens
Many parents assume that because their child is a minor, the Internal Revenue Service ignores their financial activity. This assumption is dangerously incorrect. The digital digitization of money means that transaction records exist permanently. Tax authorities do not grant exemptions simply because a user is seventeen years old. Families must understand the reporting requirements associated with peer-to-peer networks.
The $600 IRS Reporting Threshold for Peer-to-Peer Transactions
Recent changes to federal tax laws drastically lowered the reporting threshold for third-party payment networks. If a user receives over six hundred dollars in a calendar year for goods and services, the platform must issue a 1099-K tax form. This rule applies to everyone, including minors. The critical distinction lies in how the transactions are categorized. Payments designated as transfers between friends and family do not trigger the reporting requirement. Payments designated as commercial transactions do.
Teenagers frequently ignore these classifications when rushing to complete a payment. If a teenager collects money from ten friends to buy a single concert ticket block, and the friends mistakenly tag the payments as commercial purchases, the platform algorithms may flag the teenager as a business entity. The family will then receive an unexpected tax form in January, requiring them to prove to the IRS that the income was merely a reimbursement, not taxable revenue. Parents must explicitly teach their teens to verify the payment category before completing any digital transfer.
Dealing With Gig Economy Earnings
Teenagers dominate the informal gig economy. They babysit, mow lawns, walk dogs, and tutor younger students. Historically, these jobs paid in untraceable cash. Currently, neighborhood clients prefer to pay the teenager digitally. If a sixteen-year-old earns two thousand dollars over a summer cutting grass and receives every payment through a peer-to-peer application, they have generated taxable self-employment income.
Routing these specific payments requires care. Families should instruct clients to send payments directly to the teenager's traditional bank account via systems like Zelle, or ensure that commercial payments on other platforms are properly documented. The teenager must learn to set aside a portion of these digital earnings for potential tax liabilities. Treating digital gig work as "free money" invites severe administrative headaches during tax season.
| Payment Source | Typical Categorization | IRS Reporting Impact |
|---|---|---|
| Friends splitting a pizza bill | Friends & Family (Personal) | None. Reimbursements are not taxable income. |
| Babysitting for a neighbor | Goods & Services (Commercial) | Counts toward the $600 1099-K reporting threshold. |
| Selling an old bicycle online | Goods & Services (Commercial) | Reportable, but generally not taxable if sold at a loss. |
Common Pitfalls and How to Avoid Them
Implementing a dual-account system introduces complexity. With complexity comes the opportunity for errors. Parents who hand over the digital tools without establishing behavioral guidelines often watch their teenagers make entirely predictable mistakes. Anticipating these pitfalls allows families to establish rules before the money disappears.
The Invisible Money Effect
The most pervasive threat in digital banking is the invisible money effect. When a person hands over a physical twenty-dollar bill, their brain registers the loss of a physical asset. When a person double-clicks the side button on their smartphone to authorize a digital payment, the brain barely registers the event. The friction is gone. For a teenager lacking decades of budgeting experience, this frictionless environment is dangerous.
They begin to view their account balance as a high score in a video game rather than a representation of hours worked. They authorize small, recurring charges for subscription services, application upgrades, and micro-transactions within video games. A five-dollar charge feels completely inconsequential until it repeats ten times in a single week. To combat this, parents must enforce regular manual reviews of the transaction history. The teenager needs to see the cumulative impact of their digital spending printed on a statement.
Managing Overdrafts and P2P Scams
While youth accounts strictly prohibit traditional overdrafts, the timing mechanics of digital transfers can create artificial negative balances. If a teenager initiates a transfer from their bank to their digital wallet, and the bank rejects the transfer three days later due to insufficient funds, the digital platform may suspend the account and demand repayment. The teenager must understand that clicking transfer does not instantly create money; it simply starts a verification process.
Scams represent a far more malicious threat. Teenagers are highly susceptible to social engineering. The most common attack vector is the "accidental payment" scam. A fraudster sends fifty dollars to the teenager's account, then immediately messages them claiming it was a mistake, begging for the money back. If the teenager sends fifty dollars back from their own balance, the fraudster then cancels the original fraudulent payment through their stolen credit card. The teenager loses fifty dollars of actual funds. Parents must explicitly instruct their children never to return accidental payments manually. They must contact customer support and force the platform to reverse the transaction officially.
Teaching Teens to Manage Hybrid Finances
Providing the accounts does not automatically impart financial wisdom. The tools are merely the classroom; the parent must provide the curriculum. Financial education requires consistent, repetitive engagement. The goal is to build muscle memory around money management so that when the teenager turns eighteen, checking balances and categorizing expenses feels entirely normal.
Establishing Weekly Money Reviews
The most effective teaching method is the weekly money review. Families should pick a consistent time, such as Sunday evening, to sit down and review the financial architecture. This is not a punitive session. It is a strictly operational meeting. The parent and the teen open both applications side by side. They review the balance in the central bank hub. They review the balance in the digital wallet.
During this review, the teenager explains any unusual transactions. They verify that no recurring subscriptions have gone unnoticed. They plan for the week ahead. If the teen knows they are going to an amusement park on Saturday, they initiate the transfer from the hub to the spoke on Sunday evening. This ensures the funds clear the Automated Clearing House network well before the weekend. This simple weekly habit forces the teenager to project their future cash flow needs, a skill many adults lack.
Transitioning to Adult Accounts at Age Eighteen
The entire purpose of the hybrid strategy is preparation for adulthood. When the teenager reaches their eighteenth birthday, the training wheels fall off. The Venmo Teen Account automatically transitions into a standard adult account, severing the parent's monitoring access. The traditional youth checking account typically converts into a standard college or adult checking account, often introducing monthly maintenance fees if minimum balance requirements are not met.
Parents should treat the eighteenth birthday as a financial graduation. Months prior to the transition, the family should review the fee schedule of the adult banking products. The young adult must learn how to avoid monthly service charges by maintaining a qualifying direct deposit or holding a minimum daily balance. Because they have spent the last three years operating a sophisticated hub-and-spoke system, this transition feels administrative rather than overwhelming. They already know how money moves. They simply step into full legal ownership of the process.
Final Thoughts on Empowering Financial Independence
When I observe my own teenagers interact with money, I see an environment entirely foreign to the one I grew up in. They do not balance checkbooks with a pen and calculator. They do not carry cash folded in a leather wallet. They manage their entire financial existence through glass screens and biometric authorizations. Setting up a hub-and-spoke system with a traditional bank and a peer-to-peer application was not a project we completed flawlessly in a single weekend. It took months of failed experiments, declined cards, and frustrated conversations about clearinghouse delays.
I distinctly remember watching my oldest child miss out on a post-game dinner with his teammates because he forgot to transfer money from his credit union account to his digital wallet. He had the money to his name, but it was in the wrong place at the wrong time. He had to sit out the meal. That specific failure taught him more about cash flow management and the importance of planning ahead than any lengthy lecture I could have delivered in the living room. Providing young adults with the right financial tools matters immensely, but allowing them to operate those tools independently, and face the natural consequences of their operational errors, matters significantly more.
References
Addula, S. R. (2025). Mobile Banking Adoption: A Multi-Factorial Study on Social Influence, Compatibility, Digital Self-Efficacy, and Perceived Cost Among Generation Z Consumers in the United States. Future Internet, 20(3), 192.
Cited by: 43
Hoel, J. B., Jain, P., & Galaty, B. (2022). JUST VENMO ME: Does form of payment affect risk taking and intertemporal choice? Journal of the Economic Science Association, 8, 16-33. https://doi.org/10.1007/s40881-022-00116-0
Cited by: 3
Li, L., Freeman, G., & Wohn, D. Y. (2021). The Interplay of Financial Exchanges and Offline Interpersonal Relationships through Digital Peer-to-Peer Payments. Telematics and Informatics, 63, 101671. https://doi.org/10.1016/j.tele.2021.101671
Cited by: 29
Lührmann, M., Serra-Garcia, M., & Winter, J. (2015). Teaching teenagers in finance: Does it work? Journal of Banking & Finance, 54, 160-174. https://doi.org/10.1016/j.jbankfin.2014.11.009
Cited by: 272
Rankins, M. G. (2023). We Keep Us Safe, Venmo Doesn't: The Impact on Peer-to-Peer Payment Apps on Mutual Aid and Community Organizing. North Carolina Banking Institute, 27(1), 240.
Cited by: 4
Rodríguez-Correa, P. A., Arias García, S., Bermeo-Giraldo, M. C., Valencia-Arias, A., Martínez Rojas, E., Aurora Vigo, E. F., & Gallegos, A. (2025). Financial literacy among young college students: Advancements and future directions. F1000Research, 14, 113. https://doi.org/10.12688/f1000research.159085.1
Cited by: 25
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial, legal, or tax advice. Financial products, platform features, and tax regulations are subject to change. Always consult with a certified financial planner or tax professional before making significant financial decisions or structuring accounts for minors. Neither the author nor the publisher is responsible for any financial losses or administrative penalties incurred as a result of implementing the strategies discussed.