Monzo, a digital bank, are to launch a new account for children aged 6 – 15 years old called ‘Monzo for Under 16s’. This product is designed to educate young people about financial responsibility and money management. The Monzo card for children provides a secure and practical method for parents to introduce their offspring to…
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 foster financial responsibility and literacy among children. The prepaid cards for kids niche has produced genuine results and is one of those sectors that we can now say has disrupted…
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?
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.
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.
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.
No products in the basket.
