Fully white label solution that allows parents to pre-open a teen bank account for their children in 1 minute. Parents can then manage and monitor their children’s money.
The teen account account gives parents the possibility to receive notifications when their child spends money, and includes security settings that will enable parents to control how a card is used (ATM, online transactions, point of sales, thresholds etc.).
The teen will have a dedicate app with all standards of a challenger bank (great user experience, real time transactions and notification, full card control, P2P) and the option to request and receive, in real time, money from their parents.