✅ Monzo Mini (Current Account for Kids)

[betalogic]

Been a while since I’ve used the Ideas topic, and it got me thinking how Monzo don’t seem to be competing with Starling when it comes to providing children’s accounts…

No idea if they plan on in the future or if something is in the pipeline but I got bored and even made a little graphic for it so may as well post it, I feel like Monzo’s design and UI would be perfect for a children’s account.

I know someone will say “parents can just create a virtual card linked to a pot for them” but I feel there’s more financial learning for a kid to have their own account and own card they can use to tap away at vendors, “digital money isn’t real money” kinda thing…

[betalogic]

hahah brilliant idea!!

[Revels]

Child accounts

Are any plans in the making to create child accounts. My 14 year old daughter is desperate to have a monzo account…?

Child Account card

is there a chance of a child/under 16s feature coming, I’d like to set up an account for my sister to start to slowly manage money, I’d put the money across like I would a pot and she has the card for it. Please Monzo also on another note please let me pay subscription from pots! I beg!

Monzo child account

Why are Monzo not launching a kids account like this @ £2.00 a month it would probably raise more money than Plus and would introduce a new generation to Monzo who will hopefully carry on using them as they grow older and start earning a wage Monzo is missing so many ways to generate revenue So glad Tom Bloomfield is out of the way so the bank can start concentrating on actually being a Bank

Child Pocket Money accounts linked to main account

I’d really love to be able to create child ‘pocket money’ accounts linked to my main account. Each Pocket money account would have its own card controlled by the parent account and could be transformed into stand alone account when child hits 16/18. Parent can see all child activity, easily transfer funds and lock account. In the cashless world we live no one offers this functionality today. Would probably also work with only virtual card that kids could add to their phone wallet. Kids have lim…

Account for my child

Could I open an account for my 14yr old daughter ? I think the way I enjoy instant notification and saving pots, I’m trying to get her into a saving routine. She using Go Henry and it’s crap.

Child Payment card linked to my account

Hi I have found a gap in the current banking market. My 12 year old son is just starting to venture out into the world and with the covid challenge where shops etc are not wanting people to use cash it’s is tricky to send him out with money to spend. I have investigated pre-loaded payment cards but they would require signing up to another financial company. What would be great would be a Monzo card which I can give to him which is linked to my account but not have direct access to my pot o…

Family accounts / Accounts for children / under-16s

It would be convenient to open an child account to give pocket money and monitor child’s spending.

Account for Children ages 7 and 9

For several years Monzo have said about creating a child account with the last one being in a thread from March last year but still no news on this. Does anyone within Monzo have any news on when this will be available? Thanks

Children's Accounts

Would be great if we could get the younger generation in on the Monzo revolution as early as possible. My son has turned 11 and wants to be able to spend his own money. Money that he has either earned through chores or presents. His options are a prepaid card or an account with one of the high street banks.

Accounts for younger children

Hightreet banks currently offer junior bank accounts from age 11, is this something monzo would think of doing?

Under 18 and student accounts!

Hey y’all! I’ve recently stumbled upon Monzo and I feel like you’re honestly missing out on one of your best target audiences. I’ll tell you why! You don’t have any accounts available to those under 18 or those who are currently a student at college/university. This is a new and modern service and you’re not really targeting young people at all. I feel like this is honestly a missed opportunity. People like me are young, worrying about the scary adult world and willing to be the ones to try n…

Card assigned to pots for kids (like HyperJar)

As a parent, I’d like the ability to get debit cards for my children - who are under 16 and unable to open their own Monzo account - and assign them to their own dedicated pot so I can monitor/top up their pots. I’ve had to set up HyperJar accounts which offer this ability, but that’s not ideal because it’s just another account for me to manage. I’d rather do this via Monzo. Also would set the children up to use Monzo at 16.

Monzo for Kids

Any body else think it would be a really good idea to have like a ‘Mini Monzo’ for Kids? I have been looking at options of kids bank accounts and I think Monzo could do it better! If enough of us are interested, perhaps they will make plans to create one in future.

Kids

Hi guys, I’m guessing you (monzo) know how soldo kids account works, whereby the kids accounts are embedded into the parents account, the problem is that saldo charge for this and I’m sure monzo would be able to offer sumit similar without the monthly charges. It just seems so hard to get young kids an account that is build for this century…

GoHenry equivalent? - Child Account

Does Monzo have an equivalent to GoHenry, or could you please create one? I have a 10yro child that I’d like to learn to better manage money - and think having their own card with a linked small sum will help. Can Monzo help?

[betalogic]

Burst out laughing as I saw the last one get added on as I was typing hahahahah

You think I read any of those before posting! I spent that time playing around in Photoshop

[Ordog]

@betalogic

You think I read any of those before posting!

You don’t need to read them, just use the search box

[Ordog]

I imagine they just copied and pasted from the same topic someone posted a few hours ago:

GoHenry equivalent? - Child Account

Does Monzo have an equivalent to GoHenry, or could you please create one? I have a 10yro child that I’d like to learn to better manage money - and think having their own card with a linked small sum will help. Can Monzo help?

[Revels]

I posted them all earlier today because someone else didn’t search this morning.

I like the card design too. One for your collection but you’d need to have a child. Dedication!

[Ordog]

They’re a bot

(or on a desktop where you can just right click and copy URL from each topic in the search results list)

[hldn90 (Harry)]

It probably makes business sense as well. A lot of people never change their bank (I certainly didn’t for a very long time), so if you catch the new generation, it will surely pay off for Monzo in the long run.

[betalogic]

@ndrw

I like the concept art, but not enough squiggles

More squiggles!

[Revels]

Small card like the Clubcard one you get for your keys.

[betalogic]

@michaelw90

Now show it in the dark, where the green is glowing… Also, needs to be a small card, for small hands.

Dark mode, radioactive, mini card

[davidwalton (Award Winning Hot Coral Analyst)]

@betalogic

“parents can just create a virtual card linked to a pot for them”

Yup.

And it works.

[betalogic]

Doesn’t give them their own account though, doesn’t give them a physical card - they’re both things personally I think are important to teach them money skills.

[Ordog]

Here is my design for a mini Monzo card

[Jace (Jace Wills)]

Not sure it’s small enough.

[davidwalton (Award Winning Hot Coral Analyst)]

Better?:

[Jace (Jace Wills)]

Perfect haha

[Jank0x (Jack)]

A current account for the kids with a lot of restrictions until they turn over 16.

• No access to Direct Debits
• Parent can control how much the child spends
• Parent can decide if they can use the card at all
• Limit how much in a day money is managed
• Block any 18+ transactions
• Parent can see what the card is spent on
• Plus or Premium subscriptions if parent is on it.

Pretty much all things Monzo except restricting the kid to a more friendly version until they reach their 16th birthday. Then they should have the option to keep account linked to their parent or have the account fully upgraded to work as an All things Monzo with almost no restrictions.