Monzo now have a card for children under 16
Monzo, a digital bank, are to launch a new account for children aged 6 – 15 years old called ‘Monzo for Under 16s’. This product
One stop shop for all things prepaid debit cards.
Easy to open
Open online, No credit check,
No Credit Issues
Not borrowing money
Customer Service
Easy to access online and phone
Good for those with bad credit profile
Great way to get back on your feet
Benefits of a prepaid card
Replaces Cash
Why carry around all those coins and notes which in an unfortunate society where theft is becoming more prevalent is lost once gone.
Get paid by getting an
Account Number and Sort Code
If you are a migrant worker with no credit history. Getting a bank account opened to pay in your wages might be a problem.
Why Use a Prepaid Debit card?
No Credit Checks
Since the card is a debit card there isn't any system of credit. You simply load in some funds and use.
Account number and sort code
Get fast transfers like a bank account.
Safer Online Shopping
Using your card with the massive credit limit. What if you purchased something online and those card details were stolen.
Safer than Cash
Once cash is gone - sadly it is gone. With a prepaid card once you notice your card is missing you can cancel it directly from the app.
Innovative Features
There is no question there has been more innovation with prepaid cards in the last few years than last few decades with credit cards.
Prepaid Cards for kids – The Basic Concept
One of the beneficiaries of innovative banking with the use of prepaid debit cards is that an entire new niche has become available specifically to
Seven disadvantages of Prepaid Debit cards
Prepaid debit cards have become increasingly popular over recent years, and for good reason. They are convenient, and have carved out their own niche in the card sector. In another article we talked about the advantages but what are the disadvantages with prepaid debit cards?
Kite – The New card for Kids from Starling
Starling – One of the new breed of digital challenger banks who started off with offerings of a Personal card, then a Business account. Well, now they have done one better and now offer a card for Kids called Kite.
The Top 7 advantages of prepaid debit cards
Prepaid debit cards are a relatively new phenomenon. We used to have a debit card that was traditionally tied into your current account at your bank. Since then the world has been ‘fusing’ the idea of having a card that can access your own money, along with ways to fund that account calling that prepaid. We look then at the top 7 advantages of prepaid debit cards and why you will realise there is more than likely a use for them in your own finances.
What is a Prepaid Debit Card?
Regardless of how much amount of money you have stored in a bank, there is always that issue of your ability to use it. How could you have access to all that money without having to lug around wads of cash? Unless your name is Floyd Mayweather there are quite a number of methods that you could use to use that money without having to withdraw the same from an ATM but the most prevalent of this is a prepaid debit card.
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TESTIMONIALS
What Our Clients Say
* An in-house survey of those that went on to click for More info and participated in the survey gave us an overall 4.8 customer rating.
4.8
5/5
Average Сustomer Rating
I deal with many suppliers and customers in many different countries. A prepaid card has been a lifeline to get transactions completed very quickly.
Peter H.
Shoe Exporter
Following a bad event in my life I was left with a very poor credit history and unable to open a bank account. A prepaid card helped enormously to continue to be able to purchase even the basics.
Mark D.
Self-employed
I was deep in debt and using my credit cards like free money..till I lost my job. Couldn't get anymore credit. A prepaid card actually forced me to look at myself and work on a plan of being responsible.
Russel P.
Ex-Restaurant owner
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