Home Funding How to Add Funding Method as a Teen?

How to Add Funding Method as a Teen?

Last updated on Aug 31, 2023

Congrats on getting your teen set up with a bank account or debit card! We are super excited to help them get started.

How to Add Teen Funding

  1. First, make sure that the parent has connected their own payment method for the subscription

  2. On the funding page, select “My teen will fund their account”

  3. Ask your teen to open their app and click “Connect funding method”

  4. The teen can connect a debit card or bank account from here using Plaid

We cover all ACH (bank) transfer fees! Connecting a bank account is required for withdrawing funds.

Important Notes

Make sure your teen is familiar with a few core digital banking concepts!

  1. Funds do not transfer instantly (deposits/withdrawals can take 1-2 business days to settle)

  2. Always leave at least $20 in your bank account to avoid a returned deposit

  3. Returned deposits result in the temporary deactivation of a teen’s Bloom account.