Hi, I’m new here… but hoping that someone might have the history to know if Monzo are planning anything for kids - I have an 8 & 12 year old and they both have “Go Henry” cards (pre-paid cards with apps to support). I think they are great, but it would be better to have all banking in 1 place for my wife and I to be able to see and manage their accounts alongside ours. Just a thought and something that I wanted to ask about? If anyone can do it, Monzo can. The high street banks won’t!
There is another thread about this that your post may be merged with, but I think for the moment the general understanding is that it’s highly requested but definitely not a priority for Monzo. I don’t believe they’ve shown any interest in the idea at all.
A lot of us liked the idea of a card linked to a specific pot as a sensible and easy to achieve middleground, so we could put our child’s money in a pot and they could spend it on a separate debit card. No sign of this being implemented, though.
I use a prepaid card in my name for my daughter at the moment, and will move on to Go Henry when she needs a card to use without me being present. I don’t see Monzo offering this soon.
The concept of a paid for family account has been suggested in the past but there’s nothing in the works that we know about at the moment. The detail of what that may look like hasn’t been expanded on.
I’d certainly suggest not expecting anything for free at this point.
There’s a full thread on the topic of child accounts somewhere but it’s more on the repeated requests than anything else.
Tom has talked about this quite enthusiastically in the past.
Actually, a couple of years ago Santander trialled a link–up with Osper (which does the same thing as gohenry) but it didn’t work.
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