We just heard of this amazing debit card for kids (mostly for teens) and wanted to share it with you all because it's FREE! Unlike other debit cards for children, which cost, $5 per month or more, Jassby is completely FREE!
You might have 13-year-old daughter who has wanted to earn and manage her own money. You are proud of her independence, work ethic, and responsibility, so of course you wanted to encourage her and pay her a little here and there for all the things she or any of your other children do. It's not too hard to think of some jobs our children can do around the house and it's a fun way for your children to earn money, feel important, and be able to mange their spending from a personal perspective.
The one problem we have always encountered is how do we keep track of our kiddos money? They usually don't like to keep cash on them because they are afraid they will lose it, which has happened to our son multiple times!
Enter Jassby. Jassby is a lifesaver. Jassby is an app that provides a NO FEE virtual debit card and money management system for teens. Does your child receive a weekly allowance? You can set up automatic allowance payments. You can manage chores and your child can even request chores!
From the app, your child can decide to save, donate to charity, or spend the money. You can monitor their activity from your own account, and can even set limits if needed.
CREATE YOUR ACCOUNTS
First, create a parent account. You will need the usual info that you need when opening a bank account - email address, password, phone, address, etc. You will have a “family wallet” that you will fund with your bank account, so make sure to have your checking account info handy. This is the money you will transfer to your kiddo for allowance, chores, gifts, rewards, etc. Family and friends can even transfer money to your child for holidays and birthdays!
Next, create the child account on their phone. From their home screen they will see their spending and saving balances, allowance, rewards, and activity. Both accounts have access to a virtual debit card that can be used online or in stores.
Click here to create your accounts!
WHAT CAN YOU DO WITH JASSBY?
Shop! You and your child can both use your FREE virtual debit cards anywhere Mastercard or Apple Pay are accepted. Your child can even shop with their card right inside the app! And since the cards are virtual, they can't get lost!
Save! Your child will have a “spending” account and a “saving” account. You can set their account to automatically save a certain percentage of their balance. The accounts are visible on the home screen, and that visual is a great motivator for saving.
Donate! In the “shop” section of the app, choose “give” and donate money to charities such as Special Olympics, American Red Cross, and the National Park Foundation. I love that it is so easy for my child to learn about helping others while managing her money.
Rewards! Activities such as logging in daily, completing chores, donating, and more will earn your child points, which they can then redeem for money.
Develop Financial Literacy! Your child’s financial literacy score will move up and down based on their activity, how often they manage their finances, how long they’ve been a member, etc. Contributing to charity also affects their score.
Sign up HERE for your Jassby account today.
The Jassby Virtual Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Inc.
