Verizon introduces economic literacy application for kids, featuring dad and mom peace of head

What you need to know:

  • Verizon Household Money enables mothers and fathers to assist young children preserve, invest, make, and develop into cash-savvy, all inside an quick-to-use app and prepaid debit card.

  • Little ones get an experience built with them in intellect, such as a shelling out account with a pay as you go debit card, and a financial savings Vault to conserve for potential ambitions. Mom and dad are usually in regulate and can have peace of head with instruments to assist train fiscal literacy.

  • Try out Spouse and children Funds for 30 days on Verizon1.

BASKING RIDGE, N.J. – Currently, Verizon launched a new resource for mom and dad to assist their youngsters as they get demand of their financial upcoming. Commencing today, Verizon and non-Verizon clients can try out Verizon Spouse and children Dollars for 30 days on us1— a new, effortless-to-use application and prepaid debit card that permits young ones to help save, expend, generate, and turn into cash-savvy. Moms and dads can phase again and enjoy their kids become fiscally accountable as they enable deal with from the sidelines. Verizon partnered with Galileo, the API common for card issuing and electronic banking, to create the fintech system Household Money is crafted on. The Loved ones Funds Pay as you go Visa Card is issued by Metropolitan Industrial Financial institution2.

With Relatives Dollars you can:

  • Empower them to discover: young children can keep track of investing, entire chores, and mature their discounts with app characteristics that really encourage financial competencies.

  • View them mature: moms and dads can keep track of spending, set up allowance, see buys, and enable youngsters make decisions while looking at them realize success.

  • Remain in control: make rules, lock cards or set expending boundaries for up to 5 prepaid debit playing cards in the app.

What you get

Little ones get an application created with them in thoughts, together with a spending account with a pay as you go debit card to make purchases on the internet and at retail retailers and a price savings Vault to save for upcoming aims.

Dad and mom are often in handle and can have peace of brain with applications like blocked investing types. Mom and dad can also:

  • Set chores, assign rewards and manage allowances.

  • Quickly transfer cash from the mum or dad Wallet to little ones when necessary.

  • Get true-time alerts and spending notifications.

  • Lock or freeze a card if dropped or stolen

“With Family Dollars, we’re demonstrating what is attainable when tech and economical providers come with each other. Creating on the results of products and solutions like the Verizon Visa® Credit score Card and the equipment we now have for households as they improve with us, like the Verizon Smart Loved ones support and GizmoWatch, Relatives Dollars supplies even extra price to our consumers primarily based on their exceptional wants. It is the great way to enable young children study the ins and outs of handling dollars and yet a different way we’re giving genuine rewards to our consumers outdoors of the responsible connectivity they know and adore us for,” said Todd Oberstein, Govt Director Item Management and Progress at Verizon. 

Commence the 30-working day demo now, on us1

Not a Verizon consumer? Not a challenge, Verizon and non-Verizon shoppers can down load the Verizon Family Cash app from the Google Participate in and Apple Application Keep. Then, make a Verizon Relatives Funds account and hyperlink a confirmed financial institution account.

At the conclusion of the 30-day demo period, the provider automobile-renews for $5.99 for each month. Household Dollars prospects will not be charged on their Verizon invoice. The $5.99 fee, which consists of up to 5 kids, will be debited from the parent’s Wallet in the application. Clients need to be 18 several years or more mature to create a parent profile in the app. Kids accounts are developed for kids ages 8-17. To begin your Spouse and children Dollars demo, visit www.verizon.com/familymoney.

Peace of brain at each phase

In addition to Family members Income, Verizon has the items, methods and strategies you have to have to help your relatives continue to be connected in safer and much more responsible means at each stage of your electronic journey. To discover far more about goods and answers for families at Verizon, go to https://www.verizon.com/family members-tech/.


1 No motivation. Plan quickly renews right up until cancelled. Cancel at any time.

2 (Member FDIC) pursuant to a license from Visa U.S.A. Inc. “Metropolitan Commercial Bank” and “Metropolitan” are registered emblems of Metropolitan Professional Bank ©2014.