I know Monzo have an account for people from 16 years up but are there any plans for children’s accounts?
My youngest is 5 and she has just been on her first shopping trip with money she has earned over Xmas and her birthdays. She loved it and was still able to keep some money for another time.
When she’s a bit older, I think it would be cool to introduce her to a bank and how it works with debit cards, balances etc.
A basic Monzo account, with Pots for example, would allow her to save up for that book or toy that she really wants and see the progression of those savings.
And then myself or my wife could transfer her pocket money to her directly.
Would also be cool if we could view their account from our own as well.
So any time-frame on something like this?