Pocket money app launches Visa card for kids
Pocket money app RoosterMoney is launching the Rooster Card for children.
Parents can now graduate their children from a virtual money tracker to a Visa prepaid card for them to ‘take the next step towards independent money management in the real world’.
Launched in partnership with Cornercard UK, the new features include a parent account with sort code & account number, family and friends can pay into the account, CVV and no overdraft allowance.
RoosterMoney launched in 2016 with a mission to transform the way the world talks about money with their children.
It is now being used over 50 currencies and tripled its userbase in the last 18 months to over 600,000 users.
The Rooster Card will be made available to families for testing, before a full release in June.
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“We’re delighted to be able to offer families our unique Rooster Card, which is a natural progression for the kids who have learnt the basics with our tracking tool," said Will Carmichael, RoosterMoney CEO.
“A bridge between the tracker and a bank account, we are helping parents to empower their kids to make considered spending choices on their own, both online and in store.
“It was important to us that we built a secure product, utilising cutting-edge security technology, and I’m proud to say we now have a leading offer for families with kids of any age.
“Kids can start as young as four using the app as a star or reward chart, before graduating to a pocket money tracker and then, ultimately, the Rooster Card whenever the parents and kids are ready.”