@jimbomorrison@hyperjar@monzo@StarlingBank I really need to onboard myself on your news stuff, looks really good but not had the energy to look into it properly yet (still mourning Twidaq)
@jimbomorrison@hyperjar@monzo@StarlingBank The mobile number is needed for the app so if you just use your phone and do it together with your kids that can work until they get their own phone (secondary school age for my two)
@jimbomorrison@monzo@StarlingBank@hyperjar They have adult products, a really interesting one where you add money to a ‘savings jar’ which is earmarked with a particular retailer, you earn better rates but you can only spend the money from that jar with the earmarked retailer.
@jimbomorrison@monzo@StarlingBank@hyperjar When I set it up I did my sons with him mobile, my daughter had no mobile and I already used my mobile for the parent app so I used my wife’s, then when I wanted my wife to administrate as well as me I couldn’t as her mobile number was already registered to my daughter.
@jimbomorrison@monzo@StarlingBank@hyperjar Disadvantages - need a mobile number to setup and the kids app is only really for checking balances, all management is done via parent app.
Advantages - free, each kid gets a bank card. Many jars (accounts) can be set up with budgeting and saving goals.
@jimbomorrison@monzo@StarlingBank@hyperjar Yes mate, I put both my kids pocket money onto it, they manage it them selves/use the card to make contactless and normal purchases (inc PlayStation) I also setup additional ‘jars’ which I transfer money into to help with their saving/paying back.