Venmo will soon have accounts for teenagers ages 13-17 but they will have to follow a set of rules, with parents or guardians opening accounts on their behalf under their own accounts.

<div class="block">Venmo will soon have accounts for teenagers ages 13-17 but they will have to follow a set of rules, with parents or guardians opening accounts on their behalf under their own accounts.</div>

Closing Bell

Venmo Introduces Accounts and Debit Cards for Teen Users

And Venmo, extending access to teens, ages 13 to 17 years old, teens have to follow a set of rules. Parents or guardians have to create Venmo Teen accounts under their own personal accounts. And that way they'll have full access to their teens transactions, account, balances their list of friends and more. Well, each adult account is allowed to set up to five teen accounts and each teen account comes with a debit card with parental controls. So guardians can lock, unlock and manage the debit cards. Pin, guardians can also control when their team can and can't access the app and can block suspicious users from interacting with the account as well.