Please Monzo look at offering secondary accounts for kids / can be linked to a connected adult
I am so close to leaving Monzo and moving to another bank which offers this
Happy for it be a premium service and would be a truly fantastic way of teaching kids money management
It has always felt that Monzo led on so many ideas but now you are behind completion
I just put a comment on a facebook post of yours and you directed me here! Can you create a kids account? Or allow a ‘POT’ to be set up on a parents account for a child to have their own card for? Its so easy to control finances & spending with Monzo - its a must for kids - nothing else like it out their for them!
Are there any plans to introduce a kids account in a similar way to Go Henry? We tried Go Henry but the user experience is terrible and the charges. A good free(ish) version by Monzo would be snapped up and get more adults onboard I would have thought.
Similar to the recently launched Revolut Junior and Starling Kite this would be a much needed feature in this modern day I think. I currently use Revolut purely for this card for my daughter but to have a similar feature in Monzo would be even better. Even being able to have pots with their own spending cards which could be given to kids might be the easiest way of implementing it. Starling don’t have an app for kids but Revolut allow the kids to download a watered down app to see their spending…
Now that the current account is live, I tried to get my son signed up and get a place in the queue.
He is 16 but I understood that the current account would be available to under 18 year olds.
The sign up process still requires to be over 18, when will this change?
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…
Hightreet banks currently offer junior bank accounts from age 11, is this something monzo would think of doing?
It would be convenient to open an child account to give pocket money and monitor child’s spending.
I was thinking of trying to setup accounts for my kids to teach them and show them how money is used and how important it is to understand it’s use.
Could this be a possibility with monzo?
Like having tutorials to teach and educate them and to help us to teach them too, kids accounts that they can use to help them understand how banking and money work?
Thinking the age range would be from 5yrs upwards
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
Common request that isn’t actually that popular. Never say never though. As long as they fix joint accounts first.
@Revels has alluded to, it’s a popular request here. My best guess is that Monzo will get round to it when they see value in providing it.
I expect that there’s a considerable regulatory and technological hurdle to overcome, so, if you really need it soon I’d advise looking elsewhere.
I think Monzo would have done this already if it was worth doing! With gohenry faults, it has that market well, I don’t think as a bank Monzo are behind anyone else either, they’ve done well for me as a bank, my daughter got a NatWest kid account quick enough…try them
You have the patience of a saint to always go and find every single thread and to link them all as the top comment in response to these requests
Starling also have this option if you needed to look for alternatives. You could just open an account with them and stick with Monzo, the apps easy enough to use. Plus you’ve got another backup account then as well.
I see it as a, F.U. offering, here’s every God damn post going about it, if you use search
Well I tried…… but by the looks many have before me
I do hope Monzo do it as I would rather not go to another service
I’m very surprised they have not done this yet. It feels like a no-brainer. Most people don’t switch accounts. Give them an account when they are young and you could have a customer for decades.
Nah, he’s definitely a bot
Seriously though, great job as always
I mentioned this when i first opened a monzo account, 4 yrs a go, but they said at present they weren’t looking at that UNLESS there was an interest in it ! From these posts i would think its NOW because there seems to be a lot of interest in these kids accounts, i now that iam looking in to this to help them understand money a whole lot more ! Come on Monzo! Pull your finger out
The most popular thread has 174 votes, even if they all had that amount and all are different people, that is a tiny tiny % of 6 million+ customers.
Interest in something doesn’t mean it will get done.
I’ve been on forums for a long time, nobody searches!
It’s nicer to help, I’d like to put “Search.” and lock it
“search bot found these results”
Any reason you don’t want to continue using Monzo as your bank account, but use a secondary service (like GoHenry or Revolut) for this service?
Being as, at the moment you’re going to have to go to another provider for your kids, I guess what I’m asking is, why does that mean you have to swap your banking too, if you enjoy using Monzo?