Family accounts / Accounts for children / under-16s

I wonder how Osper get around it ? Great for my kids X

There’s.nothing to ‘get around’. I presume they just entered into a different agreement with the card company concerned.

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Then why can’t we get the same agreement Mr know it all?

It’s probably just that they have a different agreement with their provider.

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Not quite sure if you intended that to come across as aggressive as it sounds.

Monzo probably didn’t enter in that sort of agreement because that’s not what they were aiming for at the time. At this point it’s not even worth them looking at renegotiating or entering a separate agreement for a child card. Osper is a company solely aimed at providing a pre-paid debit card for 8-18 year olds. Monzo are using pre-paid cards as a stop gap to prove their technology works as they progress towards becoming a full bank. The pre-paid cards will stop being issued as soon as Monzo can issue real debit cards. At least, that’s the last I heard.
Once Monzo has been running as a full bank for some time they may well look at doing something like this. I’d be surprised if they did it any time soon.


That is right. Monzo (then Mondo) explained before that it is a stipulation in their contraxt with the card providers.

Have an exact quote from @tom.

If you’re just going to be rude I’m not going to bother replying. Work it out for yourself.

Is there an ‘Ignore’ option on this forum?


One of the things that makes this community so great is that the conversation is almost always constructive, lets all try to keep it that going.

But if you have an issue with a user that you’ve been unable to resolve, there is this option in your user settings -

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and my boy keeps asking me for one…explained why but it does not sink in at 11

Can I offer a thought? If Monzo are going to continue with the Pre-Paid cards, is it possible to have a ‘family member’ option where a spending-capped pre-paid card can be made available as an addition to an existing account, falling under the single primary user’s contract but allowing a secondary mobile device to be registered and to allow for some basics, such as contactless spending? Either that, or to have a ‘virtual’ pocket money spending limit where a primary card can be used but the transaction deducted from this ‘virtual’ bucket by the card holder, just as a good way of accounting for pocket money?

My problem with Osper and Henry is they cost more than the pocket money given, so unless a family member is going to use it a lot it seems a very expensive luxury … however, our kids are going to grow up in the digital / cash-less age so I want to start them understanding money not as a wallet / purse of coins but as a number that has meaning on an accounting app …

they are not going to continue with prepaid cards

but it would be great to link a pre paid card to a parents current account- which in reality doesnt even need linking except for oversight as you can transfer between Monzo customers anyway - the system for prepaid cards is already built, ‘only’ needing link to a parental account for oversight - prepaid card not offered overdraft facilities - future customers , teaching financial stability - whats not to like - could even be a pre loaded prepaid card by the parent as a present on the young persons 16th (?) Birthday - similar to a pre loaded card for a Xmas present which would be great also :slight_smile:

However great it may be there is a cost involved in running two systems one of which requires payment to a third party (Wirecard) and for this reason Monzo will not be issuing prepaid cards in the future. Also the Wirecard agreement limited the prepaid cards to 18+ but with the current accounts they may start at 15 or 16 if comments at the recent open evening are anything to go by

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That said, similar functionality could be possible using debit cards and Monzo’s own infrastructure.

Hi, how about a function to link family member cards in-order to track spend. Say you were abroad and got a notification your son/daughter’s card had zero balance and you could top it up quick as you like.

Or even parental controls for limit of spending per week (day seems too extreme) for under 18s.


Hey Alexander
I’ve moved your post here as it is the topic that best fits your idea.

Something like RoosterMoney would work for me.

Create a “pocket money” pot and app that children can have access to.
Use to allocate money out of that pot to children using

USe apple pay or android pay on the child’s device (Ok, I know not every child has a smartphone but if pre-payment cards have been withdrawn… actually, I would pay a monthly servie card for something like this!)

There are plenty of other similar products out there from Nimbl and Go Henry.

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I have a 4 year old daughter and would love the idea of saving on her behalf.

The sort of thing I was thinking about was a specific children’s account pot where I can save for her as I go (perhaps sweep change into the pot automatically?)

Then, when she is eligible, upgrade to a full Monzo Current Account.

Perhaps a virtual card could also be considered so she could pay using a smartphone or her own when she is older. She doesn’t live with me; however, I would the ability to offer some sort of virtual card I could give to her mummy for pocket money.

Having a view of what she is spending her money on and a fixed maximum per transaction would be useful?

Lots of potential here! What sort of ideas do you have for useful features?


Wow. It might be that Monzo attracts Millennials more than fuddy daddies like me! What? No comments?! :wink::rofl:

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