TD Bank, America’s Most Convenient Bank, has announced the launch of TD Go, a reloadable prepaid card for teenagers that can be used wherever Visa debit cards are accepted. Adults can open and fund the card for their teenagers online using a debit or credit card or via direct deposit. Once activated, parents can monitor spending online and receive email and text alerts on balances, transactions and adult-oriented purchases.
The TD Go Card enables teenagers to only spend available funds unlike credit cards. However if a card is lost or stolen it can quickly be cancelled and replaced unlike cash.
“The development of smart spending habits is a journey and many parents want to offer teens a gradual path to increasing fiscal freedom,” said Tami Farrow, Senior Vice President, Head of Retail Deposit Payments, TD Bank. “With the launch of the TD Go Card, TD Bank is offering parents a convenient and safe environment to get money to their teens and an easy way to monitor spending.”
The TD Go Card can be purchased online.
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