Meet the next generation: Monzo for Under 16s 🎉

The different names of the different Google products can make it confusing but paying contactless with your phone is definitely available from 13.

We used it with HyperJar and a quick search shows the likes of RBS and NatWest also allow it.

As did my daughter, hence why we tried to stay with them but found them incompetent, so closed account and returned to Revolut and physical card.

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I recently opened a different account for the kids as Monzo didn’t offer this option. This looks great and will be signing up as soon as it’s ready.

I showed the kids and theyvlove the new colours

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when will we able to use this i have been on the waiting list since it came out

For kids over 13, do you think it would benefit if they could manage their own money and account. Giving them the opportunity to learn about managing there finances.

I think this should be an option, wether there account is parent managed or managed by the child. Over the age of 12-13 of course.

Do parents have to have an upgraded account to get the kids account or can any Monzo user get them?

Good news this is finally underway! At the moment my 7 year old is using a kids Hyperjar debit card, which is funded via the Hyperjar app on my phone (they don’t have a phone). The card is also useable in my Google Wallet and can pay contactless on my phone in case we’re out and about and they have left their card at home.

Hopefully the functionality will be there with Monzo, as it will be one less app on my phone, and the Hyperjar interface is a little difficult to navigate.

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The draw of children’s cards/accounts.

With devices being given to younger & younger children (rightly or wrongly) this is big business for a digital bank to get in there early and pincer-move the next generation. Starling & Revolut have done them - so have legacy banks, but they are behind with the app - and it’s the app which the kids will connect with, absorb and use in no time.

The Chinese super-apps are with us already. Banks should be very concerned.

Cannot wait been waiting a longtime for this for my son

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Except this won’t have them

Daughter has successfully opened a FlexOne account this morning, so Monzo offering won’t be required now anyway.

She has Revolut as a back up.

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Does anyone know when the cards/accounts will start becoming available?

We were just about to give in and set up an account under a different bank for our 12 year old but as we’re using Monzo for everything else we’d much prefer this - just need it ASAP as summer hols have just started!

Sounds like it’s a waitlist, so you’ll need to wait in the list for announcements.

I’m hoping it’s sooner rather than later. Waited long enough before they announced it already…

They’re hitting it hard with their promotion and invitation for testing.

Typically they just ask us on here to sign up and test it for a while. But I’ve seen in app notifications and emails asking everyone else too, along with press releases. They must be fairly confident it’s 99% complete.

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I’d kill a man for early access.

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Thankfully not a child. For a child account.

Joking aside, there’s obviously a demand for this!

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Exactly the same for Starling Kite, so not a fail, soz

It is if it’s sold as a full account and it’s not :melting_face:

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I really don’t want my kids, 11 and 7 having access to their account numbers, too much risk, and until they are earning their own money, or paying bills, there is no need to share account details at that level until there mid teens.

What I do want is a way for them to understand that when you spend it is gone, and understand the value, and that saving for stuff is good.

Being the gatekeeper of the account via a single parent makes sense as well, works well on Starling Kite.

As for paying in, cheques aren’t a thing, In the past two years, the 11 year old hasn’t received one, what is a thing, is getting cash, usually a tenner in a card, and becomes more a thing as they hit 9/10. So the expanded cash pay in options will help with that. Payment links is also a more sensible thing as well.

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