Step Vs Copper: There's a Clear Winner!
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- เผยแพร่เมื่อ 11 ส.ค. 2021
- My teen daughter and I tried out both the Step and Copper Banking apps to find the best banking app with a debit or credit card for teens. I shared what things are similar about the two and what's different and why we picked our winner.
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The information and opinions within this content are for information purposes only. Guidance is based on personal interpretations and in no way, represents legal or financial advice.
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I've been trying to convince my parents to get me a step card but they are extremely negative about the idea and they don't even let me explain it :(
Same! My mom says it's dangerous and I might get hacked??.....
its fdic insured so im not sure why they're that worries
@Mark Plays 1559 its not on her account, thus it wouldn't drop her credit score. even if it does, it shouldn't be a major dip in credit score (considering if she is good on her payments or not)
Honestly... If i was President I would change laws stating "You MUST let your teen have a bank account/card if they want it". I dont wanna sound like im asking too much but to make sure they REALLY do im gonna make the punishment intimidating
@@gamertcell8425 good luck trying to even get that past congress and sc then. minors having a bank account is at the guardian's (and bank's/provider's) discretion, not that of the government's.
Good news!! Step now has a savings feature on the app
I know! It's pretty great!
Thanks for your video - extremely helpful and gets down to brass tax!
So glad I could help!
I originally signed up for the step card but decided to get a copper one too so I could basically build credit with my step card, the only downside to copper is the fees which really suck
Thank you so much I was so confused before I saw you video
As a step user, STEP HAS A SAVINGS OPTION NOW!!!!
I know! It's great!
This was super helpful. I was debating on using copper and step. Copper just wasn’t the right option for me at least. My step card is in the mail !
You can also deposit cash to your step account by going to your closest cvs pharmacy
Glad it was helpful!
The Step app does allow savings. Not sure when that happened, but it was after you made this comparison video. We love Step!
A lot of things have changed since I made this video! Step has added a ton of features!
I originally signed up with copper and then I saw your step video then I signed up and I use both. It’s nice to have both a credit and a debit card. But I do have a question. Do you need a bank account connected to use ATM’s on both of them?
Copper and Step are both bank accounts themselves, so no, you don't need another account attached. You can use either one to withdraw money at ATMs. Neither allows deposits at ATMs.
@@SmartFamilyMoney Okay thank you.
Im pretty sure for the step card now, you can go to a cvs and you show them your card barcode and give them money and they will deposit it with no fees
Hi do you think you can maybe make one about Step vs Current vs another good free card app?
in the new update they added a savings feature and saving goals
Yes, it's pretty great that they have that option now!
Update: Step now has savings and no longer pays for ATM fee and now has crypto
Thank you! Very helpful.
You're welcome! Did you see that Step has some updates? They have a savings feature and a deposit option now!
@@SmartFamilyMoney Yes, I did when I signed up for a card for my 15 year old. Your video helped me decide between these two companies!
yall should try the current bank
step does have multiple savings feature in their app
Well how do I put money inside of the copper bank?
The step credit card can i use it for car rentals ?
Hey I want to ask a question so I download it but it won’t let me add money into the card
So the only way I can get money on my step card is if my mom sends it to me or can I go to a dollar store and they can put the money on my card
They have savings now!
UPDATE April 2022: Now get $1 free instantly!
Use this link to get the Step App: step.com/r/EZFIV
Or enter code EZFIV in the app.
Get $3 by using my link for the Copper Card:
r.getcopper.com/QRCGZX
OMG THANK YOU U JUST GAVE ME FREE 10 dollars i love u i can buy my new shoesssss YAYAYAYAY ily 🤟🏾
@@kirkly1681 10 dollar shoes what u shoppin at good will homie 💀
Thanks!
You are welcome! And thanks very much! Just an FYI, a lot has changed since this video. They have both added features and I don't believe Copper is free anymore.
Where is the copper? Link
I think Copper has a ton of new feature as of 2024 - ability to set tasks, no ATM fees now ..... but $4.95pm
How many kids can you add to one account as it's $7 per month
question: do i need to do go to a specific bank or do i just have to go to an atm to withdraw?
For which one? Step no longer reimburses ATM fees so you have to use their network of free ATMs. You can check in the app to find the free ones but there are tons of them (mostly drug stores and convenience stores).
The card i had I did replace it but I used the replaced card. So the replaced might be the problem but I did use the chip instead of swipe
Did you make sure the new card was activated? Maybe that was the problem.
@@SmartFamilyMoney yes. I plan on withdrawing $10 and if it works ill go to Walmart to purchase a snack and make sure it goes through. Now what I think the problem is that I paid of the rest on they payment at the gas station with my steo card. It never asked for credit or debit it just told me to put in the chip. Thank you for the advice!
@@bbcslayer4504 Let me know if it works! I hope you figured it out.
@@SmartFamilyMoney it worked. I figured it out! Thank you very much for the help you gave!
Quick question if you use your step card will you receive cash from the atm if your taking money from your card?
I'm not sure I completely understand the question. If you use the Step card at an ATM, you can withdraw cash from your Step account. You can not deposit money into a Step account through an ATM. Does that answer your question?
@@SmartFamilyMoney yes thank you
I just made a new walkthrough video for Step that might be helpful for you! th-cam.com/video/mC2kj57N8E8/w-d-xo.html
Is step available in Germany??
Can you compare the Greenlight Card to the Step Card? My friend and I are in an argument saying which is better.
LOL that's funny that you're arguing about it! I was thinking about making a video about exactly that topic, but the basics are that Greenlight offers WAY more parental controls, but it costs a monthly fee. You can put money that can only be spent at a specific store or in a specific category (like grocery or gas stations). Step is free to use, but there are not really any controls once the money is in there.
Yeah thats a bummer? Greenlight is a DEBIT card. Debit is not supposed to charge fees!..... does it?
I still don’t know how to sign-in on copper. It’s only the signup button. Any help please?
It uses your phone number. So when you first open the app, it should ask for your phone number and then it'll send you a security code and then you're in. There's no login name or anything.
Step does have a saving feature now
Yes! And deposits too!
The step app is coming out on top but my child is 12. Really wish we could utilize it now rather than wait a year.
They changed the rules and Step now allows it for any age!
@@SmartFamilyMoney Wow, that's awesome!
You can now deposit cash to your step account by going to CVS pharmacy
Yes, that's a new feature!
I created an account added my son and I didn’t get the $10 I got $1 how dose that work
Step now has saving features
Yes it's great! They have cash deposits too.
Can you show me which ATMs the Step Card is compatible with ?
All of the All Point ATMs are in there network: www.allpointnetwork.com/locator.html
I just made a new walkthrough video for Step that might be helpful for you! th-cam.com/video/mC2kj57N8E8/w-d-xo.html
the only reason id go with copper is because the card looks better but step has more benefits so yea
Don't go based off of the look. Building credit history is such a huge plus that my card could look and smell like garbage and I'd rather use it than pay a fee to use the Copper card.
Do you know how to get the card I don’t know how to
@@silenthit8795you just need to get the app and it tells you the rest :)
I got a question, so I just recently downloaded copper and got my mom an account but I have no idea how to set it up after signing up. I've already sent my mom an invite and accepted it, but after that I have no idea what to do. Any help?
If she accepted the invite and has an account, I think you are done setting it up. Does it look like you have an account in the app?
It does take a while to get the card in the mail.
@@SmartFamilyMoney she's accepted and have an account, but my sister has signed up first with my mom. It said that she has to get hers done first before I can do mine.
@@ash.9488 that's strange. What does it say in your app? Does it say it's waiting on her?
@@SmartFamilyMoney It does, and when I check my mom phone it says I need to do the first child before I can do mine.
Step has deposit now!!🎉
Please keep doing reviews
Is there something else you'd like to see me review? This one is definitely outdated and could use an update.
Step can be used by anyone actually, not just people 13+
Yes they changed it after I made this video!
I used to have a Copper Debit Card but they canceled Copper and now I have a US Bank debit card but on the bright side my new card has a turtle on it
Hello! Im a teenager and I live outside of U.S and U.K, I really wanna know if Copper supports countries outside of U.S and U.K since Step only offers their service to the citizens of U.S and U.K
no its us only sorry
@@simplymattmint Sad to hear :( thanks for the info!
I only got $1 to use your referral code
Is there any way that this card (step) could hurt your credit? Cause that almost sounds too good to be true that it only has the capability of improving it and they didn’t explicitly say it *can’t* hurt it so maybe. But if it can then it’d be good to know what to avoid. Like is it making large purchases? Spending too frequently? Idk. Cause typically cards have limits but that’s because ur borrowing. With this u aren’t borrowing, its ur money. I mean if we’re getting technical it’s their money but they match what you’re allowed to spend to the amount you’ve deposited into your account currently. So yeah I don’t know much about credit I’m 17 so I’m extra skeptical cause the last thing I want to do it ruin my credit before I’ve even started. But I’ve got my step card and all I just haven’t put money on it or used it.
That's a very good question and you are smart to ask it! I can't see any way it could hurt your credit because they won't allow you to do anything to hurt yourself. You can't overspend because you can only spend the money that's in there. If you want to get technical, it works a lot like a secured credit card, which is what people with no credit can use to build credit. With a secured credit card, you give the bank some money and that amount becomes your "credit limit" and you can never spend more than that amount. There's really no way to hurt yourself with those. Step is similar but you can't spend more than whatever that day's balance is.
Oh and in case you are wondering about the "too good to be true" part, Step makes money from fees from the stores every time you use it (generally around 3%) so they aren't doing this out of the goodness of their heart. 😁 But it is a really good deal!
@@SmartFamilyMoney awesome thank uuu!
@@SmartFamilyMoney Oh, so if the amount u put in is your limit does that mean that you should follow the 30% credit utilization rule? Or would it make no difference.. like is the amount that it grows your credit just dependent on the fact that you used the card or is it also dependent on your utilization like with a regular credit card? “Is utilization a factor in building your credit score with the step card?” I think thats what I’m asking lol.
(Thanks again for your help you’ve been great. I’ve been trying to google it but couldn’t find anything and no reviews of the step card -or their website- even mention it but I feel like that’s a pretty significant factor so I’m surprised it’s not focused on more and so that lead me to question whether it could potentially do damage cause why else would no one talk about it, you know?)
@@nadiageorge890 that's a very good question and honestly I don't know how utilization would work with Step. I think they just report on-time payments but I don't know the details. 🤔 I am sure they wouldn't make it that complicated though since it's meant to help teens out. I have had so many questions about the credit stuff and I want to check my daughter's report but checking it under 18 is a lot more difficult. I will try to do it soon though!
A while ago my dad was trying to verify his card because they asked for a photo but keep declining it because it's not showing when the photo is crystal clear. HELP
I am sorry, I don't know how to fix that. The Step card doesn't require ID so it might be easier for you.
Trust in Jesus for everything ❤❤
I don't think it's for 13 and up because my little sister is 11 and has it with her real birthday
Yeah, they took away the age limits after I made this video.
Hi i would like to know if these are worldwide
They are only available to US residents but can be used worldwide.
Is fun to see how you reply to every single comment that says that step have a saving option, even if the video is old they still commenting 🤣
Haha I am glad you are enjoying my comments. 😁
Have you ever tried greendot?
I haven't tried GreenDot, but it is for adults over 18 only. Step and Copper are for younger teens.
Can your employer pay you through step? If they can I really want a step card
Yes, they can. You'd have to set up direct deposit with your employer using the routing numbers in the Step app.
@@SmartFamilyMoney is it free?
@@jatininti6153 yes, direct deposit is free. Here's the FAQ about how to set it up: help.step.com/en/articles/4357662-how-do-i-set-up-direct-deposit
Step does have a saving
Yes they added it since I made this video!
It won’t let me get my card I need help
Could explain the problem more? I am not sure what you need.
For copper it says I need to choose a plan and I thought copper was free
Whoa! It looks like Copper just started charging a monthly fee! I need to make some update videos on options because things have changed a lot.
step has savings now
Yep, you're right! And cash deposits.
O so it’s real
Step better because cooper customer service didn't want me to use the app
Why not? What happened?
Bruh i got a pyyypl ad lol
Cashapp or step?
I actually talk about that in this video! th-cam.com/video/9UAdX3G53S4/w-d-xo.html Short answer is that Step has nicer features but Cash app has more people on it. So if you are exchanging money with a lot of people outside your family, Cash app might be better. Otherwise I think Step is better.
Step dose have savings
You are right! They added it after this video. They also added cash deposits. But they got rid of ATM fee reimbursement.
For step can you invest in stocks???
From a guy who has lost thousands in stocks, don’t do it. You can win, but you can also lose. I found Cash App can invest in stocks but STEP is much more practical.
you seem like a cool mom lol
Aw thanks! I try. 😊
aw man I just made my copper kids acount but I did make it for saving so whatever.
I’d rather stick with COPPER!!! Because I saw Copper first before I saw Step!
Not worth it! Consider Step, she just pointed out the clear winner.
That is wrong Copper is for any age
All that talking and didn’t say anything about how to sign up