Hi, I am considering opening an account for my 16 year old son.
I’ve tried searching in the help and faq sections but can’t find an answer.
I need to be able to monitor the account for at least a year or so. My son is autistic, and I want to help him learn and gain financial independence. I need to be able to show him where he’s spending, how much, and how to save - is there also the option of a linked savings account where his birthday/Xmas money can be paid in and transferred to the current account when needed?
Is there the option for me to have the Monzo app so I can monitor transactions?
You could apply and set it up using your phone as long as you don’t already have a monzo account
But won’t that log each of them out everytime the other logs on? If they are both on the same OS I guess.
There are likely to be regulatory or legal obstacles to be overcome in running an account on another’s behalf.
That said, I’d advise you to contact Monzo direct at email@example.com. They should be able to guide you through the process.
Yes. That would give the parent control of the app and not the account holder
There was talk in a similar case that they could set up a linked account (similar to a joint account) but I’m not sure what came of that
Thanks. Just to note, I am his legal appointee regarding his PIP benefit
Id recommend having a chat with Monzo by emailing them your question.
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