As of July 2022, fathers and mothers will be able to create a Nubank account for minors. The novelty came to allow young people between 12 and 17 years old to start having a financial life.

Thus, from this Nubank account for minors, teenagers will be able to have their first contact with finance. In this way, with the help of their parents, they will be able to know how to organize themselves financially.

Namely, the release of this new Nubank account is something that was much requested by account users, especially younger people who want to start their financial lives right away in a digital bank with many advantages.

Therefore, if you want to know more about this account, how Nubank will work for minors, what are its main advantages and disadvantages, just continue reading this article with us!

In principle, the Nubank digital account for minors has the same characteristics as other common Nubank accounts.

In this way, young people who wanted to get a taste of what it's like to have a digital account at this bank, will be able to access various functionalities that already exist in the institution.

Therefore, when creating a Nubank account for minors, teenagers can access the money saving function. 

That way, they learn to organize their finances better, in addition to also receiving and transferring with TED and Pix for free.

In addition, young people will be able to recharge cell phones and pay for online and physical purchases with a debit card. It also has a virtual debit function for teenagers to buy more safely.

Customers can also make withdrawals at ATMs in the Banco24Horas network that exist in various establishments in Brazil.

In summary, the Nubank account for minors can be accessed by all young people aged 12 and 17 who receive authorization and access to the account by their father, mother or legal guardian.

At the moment, only some Nubank customers are being notified that they can open an account for their underage children.

Therefore, for the young person to have access to the account, their legal guardian must also have an account in the application and have received the notice that they can open a Nubank digital account for minors.

Namely, those who have a Nubank digital account for minors can only access a debit card to make their purchases in online or physical stores.

Thus, at the moment, the Nubank account still does not release the credit card function for minors, causing the account to continue without having an initial limit.

Thus, for the young person to be able to use the card for purchases, the guardian or the teenager himself must deposit an amount in the account balance to use it for purchases.

As much as Nubank is a well-known and loved digital bank by Brazilians, doubts may still arise as to whether the digital account for minors they launched is really good for young people.

Therefore, to help you make the best financial decision, we have listed below some positives and negatives about the digital account.

Certainly, one of the biggest advantages of having a Nubank account is being able to access various features for free.

Thus, young people can start their financial life more peacefully, as they know that they will not have to pay monthly or annual fees related to their digital account.

In addition, Nubank's money saving function can also be seen as a great advantage. From it, young people manage to create the habit of saving every month, which will certainly help them to better deal with finances when they are an adult.

Finally, being able to have an account to manage your money in the palm of your hand is also a great advantage. Thus, young people can always check their statement and balance to make new purchases with peace of mind!

Despite the advantages, the Nubank digital account for minors also has some points to be desired. One of them is the fact that the account is being released gradually. In this way, the teenager has to face a waiting list until he has access to the account.

Also, another negative point about the account is the fact that you need your legal guardian to receive the notification on your account. In this way, young people whose parents do not have an account on the application can stay out of this novelty at first.

Finally, by having a Nubank digital account, young people are unable to access a credit card. Thus, the card that the bank makes available to them has only the debit function.

Thus, in order to be able to use the card and its features, the young person must have money in their account balance.

In summary, Nubank's digital account came to help young people with their financial education by offering some simple features, but which already help them to create better habits for their adult life.

Therefore, if you liked this option and would like to know how it is possible to have this account, just check the article below that has all the information about opening a Nubank digital account for minors!