Recently, the underage Mercado Pago digital account was launched on the market to allow young people to also have their own financial control and thus make some purchases.

In this way, from the account, young people aged between 13 and 17 years can learn how to take care of their finances from an early age so that they grow and know how to make financial decisions wisely and responsibly.

From the Mercado Pago account for minors, young people can access a debit card to make their purchases, as well as an application where they can manage all their expenses.

But that's not all that this digital account can offer for the youngest. Check out in the post below all the main features of this account and what young people gain by doing it!

First, one of the main features of this digital account is the debit card that is released to the young person. The Visa-branded card has no fees and can be used to make purchases both online and in physical stores.

In addition to the card, young people can also count on the possibility of making and receiving Pix and transfers from their parents or colleagues, in addition to being able to top up their cell phone at the same time.

And the Mercado Pago account for minors still has income. Thus, all the money that remains in the young person's account will earn for him. And the best part is that the income from the account is greater than the savings!

Thus, he can already have a taste of how investments work and even be more interested in studying about it.

Finally, the account also offers the possibility to share expenses with up to 50 friends quickly and safely, in addition to buying credit to use in services such as Uber, iFood, Xbox and much more!

In short, the Mercado Pago digital account for minors is designed for young people between the ages of 13 and 17 who need to have their own card to make routine purchases.

To request it, it is important that those responsible authorize the bank to create an account for the minor.

At first, anyone who has a Mercado Pago digital account for minors can only access a debit card to make purchases.

In this way, the Mercado Pago account does not release an initial limit for the young person, as he can only use one card in debit mode. At the moment, the credit card function is not yet available.

Thus, in order to be able to use the card for purchases, it is necessary for the minor or those responsible to deposit an amount in the account balance so that the young person can use it.

By now, you have learned about the main features of the Mercado Pago account for minors. But, is it really worth it? Check out some positives and negatives of this account below.

Firstly, one of the main advantages of the Mercado Pago digital account is the fact that it is a completely free account. Thus, it is not necessary to pay any monthly fee to have the account.

In addition, the account offers a yield of 100% of the CDI, which is a financial indicator that offers higher returns than savings.

Finally, young people can also make payments using the QR Code and buy credit to use in transport services, food delivery and many others.

On the other hand, the account also has some negative points that must be taken into account before opening it.

Thus, one of the disadvantages of the account is that it has a limit on issuing free deposit slips. Thus, from it the young person can only issue up to 10 slips.

Finally, from the account, the young person can only access a debit card. Just like other financial services like loan or investments cannot be accessed.

In summary, the Mercado Pago digital account for minors is a good account option for young people who need to carry out more basic actions in their daily lives.

So, if you liked this account option and want to know how to create one, check out the post below for a complete step-by-step for creating an account.