GoHenry for 11 under

[Mycatcontrolsmymovements]

I have just signed up to this and think its great so far. Does anyone have feedback/experiences? My DS is under 11 so not eligible for a bank account/card

The fees are ridiculous - big waste of money

Why not just get a normal bank account for the child. Access online to see what they’re spending and how much they have left. I wouldn’t be paying the fee go Henry charges when I can get it for free

My 7 yo has a gohenry account and we really like it.

So I’d wait until they were 11 and then open a free current account.

I’ve looked at it and monthly fees and the transfer fees seem ridiculous!

We love it. It's just so easy.

@MyShoelaceIsUndone

Why not just get a normal bank account for the child. Access online to see what they’re spending and how much they have left. I wouldn’t be paying the fee go Henry charges when I can get it for free

Because it's actually much harder with Covid to do this! Opening new bank accounts for kids is a right faff now. I won't go through the story but I tried and it was long and complicated. Plus if they're under 11 they can't get a debit card anyway. I'm fine with paying the fees - 3.49 a month, it's the price of a latte.

I just give dc my Monzo card and put money on to it for free. No way am I paying for a service that you can get free

It's the biggest waste of money ever. Can't believe folk actually sign up for this total con.

Look at jar card, it is the same principle as a go Henry but without the fees, managed from an app on my phone but there is a child app due out in the next few months so they can see their spending and balance. It's worked really well for us as they are too young for a card with their bank account.

We have it.wr are really happy. It gives my so. Independence

I opened DD a bank account recently and it was neither long nor complicated, so I suppose it depends on the bank?
I did look at GoHenry but decided against it in the end - I thought it was best if DD learned how to deal with real money first and then go into banking when she was old enough for a proper bank account.
I don’t think there’s right or wrong decisions in this situation, just what suits you and your family best.

Hyperjar is free and very easy to use.

@CatFaceCats

I’ve looked at it and monthly fees and the transfer fees seem ridiculous!

We have DTs so was not going to pay double that just for them to access their money. They have a standard kids bank account with a limited debit card and I transfer over cash as and when fee free

We like it. Teaches my ds about saving and spending his own money.

I looked at it and concluded I'd be just as well opening an RBS child account. He gets a debit card and can use an app etc. No charges.

Hyperjar is free easy to use and the kids App (could do with refinement) is out.

Sod paying Gohenry - are you trying to advertise it?

For over-11's DD(14) has had no problems with her Nationwide account.

We do oversee it from time to time to make sure that she's not built up too big a balance. We've resisted putting her card in her phone "wallet".

Thank you for the hyper jar recommendation. We were looking into the GoHenry card but we’re dismayed by the fees.

Paying lots of money to surveille your kids is horrible, coercive control isn't good just because they're kids.

If you want a debit card for over 6's without the coercive elements (although of course like any bank account you can say what they spend) consider hyperjar which can provide a kids debit card linked to the parent account.

(sorry see others already recommended hyperjar)

3.49 a month, it's the price of a latte

Does this come out of the kids pocket money or your latte spend? 3.49 is quite a lot of discretionary spend to a seven year old.

@rantymcrantface66

I just give dc my Monzo card and put money on to it for free. No way am I paying for a service that you can get free

I'd do just that.

If you want to teach a child to manage their money well, get a Monzo account for free and offer to give them half the cost of the GoHenry fees saved after a year if they've managed it responsibly.

Then they'll see how 'only a few quid a month' adds up to a significant sum and how not to throw their money away on pointless gimmicks.

The convenience for under 11s is high and I like how easy it is to transfer cash to him (especially when I've sent him to the shop to get bread and milk). But I do get annoyed that the pocket money takes 24 hours to go from my balance to his.

Paying lots of money to surveille your kids is horrible, coercive control isn't good just because they're kids.
Oh God I know, those awful parents who want to know what their primary aged children are spending their money on - I’d call social services.

@sirfredfredgeorge

(sorry see others already recommended hyperjar)

3.49 a month, it's the price of a latte

Does this come out of the kids pocket money or your latte spend? 3.49 is quite a lot of discretionary spend to a seven year old.

Exactly if you are only planning on giving little kids £2.50 per week or £10 a month £3.50 for the privilege is wild.

The biggest benefit of a card if you don't need change to give to the kids esp in days of everyone being loathed to handle cash.

We don't all throw money away on lattes.