Bank Card for Kids - (MAD Bank) Store Pocket Money Digitally
$9.95
Teach your kids financial literacy for the new generation, with cash payments being phased out in many countries. Kids today need to learn how to control and keep track of their spending using tap and pay transactions. This is a novel bank card that lets mum and dad (MAD) be the bank!
Don't spend money on monthly fees with other similar products and don't have the hassle of opening and responsibility of a real bank account. A one-off purchase of will get you and your kid started toward financial education.
Note: Requires a phone that has NFC capabilities. I-Phone 7 and newer. Android phone with NFC, requires Jelly Bean 4.1.x or newer. (Note. You can download the app free to see if works with your phone first.)
The MAD Bank Card is mini-sized for kids convenience - 65x42mm.
Step by step:
1. Buy our unique kids bank card. Download the MAD bank app (Iphone) or MAD bank app (Android) on parent's/guardian's phone and sets up kids account on app by "depositing" some pocket money.
2. When the child wants to buy something, simply type the amount, and let the child tap their card to your phone.
4. Money will get deducted from their pocket money account automatically and the app will keep track of balance.
5. Parents can then pay for item using their preferred method of payment.
Note. This is not a real bank card and is only used to keep track of your kids pocket money electronically. Do not attempt to use the MAD bank card to transact real purchases.