I do.
It’s because it’s time consuming, and therefore expensive to develop. Other banks offer child accounts for free (and with interest in some cases).
Monzo seem geared towards cashflow improvement at the moment (fees for some expensive customers, Plus, Premium), and so are unlikely to want to invest time and money in a product which is unlikely to generate income for some considerable time, if ever.
There’s also regulatory issues to consider, if any exist.
I’ve just spent a Revolut junior card for my daughter. It is a real shame Monzo don’t offer something comparable. I’d quite happily upgrade my Monzo account to pay for the feature.
I would love to see a junior card option. my 12yr old could use something like this for contact less payment on the bus to school.
I wish Monzo did a child’s account, my daughter has a starling account for that purpose but it would be easier and simpler if with Monzo.
It’s not the end of the world but it would have useful.
I would like to see an option to open children account for under 16s, and make it easy to switch between accounts, just as is with personal and business account.
For anyone who is interested, there is a current workaround on Monzo for those children that do have mobile phones with contactless payment capability.
You have to be Monzo Plus or Premium user.
Set up a separate pot on your account and enable virtual card to pay out of the pot directly. You log in with your Monzo credentials on your child’s phone, set up the virtual card and log out. The card stays, and they can use the money you have allocated them in the pot.
The only downside is if your child needs to check balance, they will have to use you as a proxy. (ADVANCED: For Programmers: you are able to set up connection with the Monzo API to check balance of the pot with simple webhooks)
Fingers crossed! I have a 12 year old who I want to get away from being attached to my Revolut account, was dreading having to deal with a high street bank
This is the biggest downside to the best workaround for free kids spending ‘accounts’, managed from one 
account.
“Dad, how much is on my card?” is the new “Are we there yet?” Grrrr 
Would this breach Monzos T&Cs as effectively someone else is using your account / virtual card?
Ive used hyperjar and revoult in the past as it gives the child visability.
I believe it would and if X person spent all the money I don’t think you’ll get a refund either since you gave them the card access
I’ve been using it in this way since VC-pay-from-pot launched - I hated using GoHenry/Hyperjar/RevolutKids as it was yet another app (usually with some costs involved) to give them just the ability to spend.
Setting it up to have a VC on their phone - with my permission to use it (I set it up) - linked to a specific pot to be paid from, which I control, seems OK to me. I watch it like a hawk and still get instant notifications of spending. They can’t spend more than what is in the pot, which isn’t much. The ability to kill their VC’s if they lose their devices is a good thing. But even then, their devices are way more secure than giving them a physical card to run to the shops and buy some Spangles with.
Roostermoney is now part of NatWest. And they offer 1 year free for NatWest customers
Plus VC is free compared to gohenry etc
I agree with everything you’ve said although I’m not sure about the issues that might occur on the rare chances something happens especially if someone doesn’t use a VC and gives them their main card as they’re not the cardholder on the account, same as a VC.
Thread a bit old now but just to update.
Eldest turned 11 last spring so opened a Nationwide account for him and moved 8 year old to HyperJar from GoHenry to save on fees.
We’ve moved Eldest to HyperJar for pocket money purposes as now he’s in high school, Nationwide doesn’t have the capability for supervision.
I don’t use my HyperJar personally it’s just there so I can do their pocket money stuff.
I really would love a Monzo option to save having additional apps & accounts.
I don’t think VC’s the answer.
Im gonna bump this thread.
Im currently having to use Starling kids account, but its a bit crap, but did look at some of the others mentioned. I have my business, personal, and my Joint Account should move over this month as welll.
I really would like the inclusion of a junior/kids account for my daughter. Just to allocate pocket money too each month.
Thanks for finding an existing thread, and posting/voting here. @Revels would be proud.
I don’t have kids, but I do think “supervised accounts” within Monzo would be great for parents. Even if this did have a small monthly fee (which could be discounted for Plus/Premium).
Until your child reaches 16 (qualifying for a Monzo 16-17 account) or Monzo releases sub-16yo accounts, then a cardless workaround is possible with Monzo Plus/Premium accounts:
Starling have this offering already
Yes it’s mentioned in the posts above the one you’ve replied to.
