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The Navy Federal Visa® Buxx card is a reloadable, prepaid debit card designed to teach teens spending independence and financial responsibility, while keeping parents informed, involved and in control. Purchases are deducted from the card balance just like a traditional debit card. And it's more convenient than checks and safer than cash because of Navy Federal's Zero Liability policy, which protects you from unauthorized purchases.
The card is reloadable and can be used worldwide wherever Visa debit cards are accepted, including online and on the phone. They're great for teens who are traveling, at camp or in need of everyday items like school supplies, clothes and food. They can even be used at ATMs for cash withdrawals.
The Visa Buxx card and Buxx Web site teach teens lessons on financial responsibility that will last a lifetime. And teens will love the independence that the Buxx card brings them as they learn to manage their own money.
While giving teens more freedom and responsibility, parents still call the shots. Parents set up the card for the teen and maintain complete control over spending limits. Parents can monitor spending online and opt to receive email notifications detailing when and where the card was used.
Click here for a copy of the transaction register (967kb)