Nimble card or go Henry,does anyone have one for a9 year old? Any good?

[ICanSmellSummerComing]

Just that really I'm thinking of getting one I'm having issues with the free stuff and I'm thinking it would be a charge but also an investment for younger dd who needs money training.

Another HyperJar recommendation from me. Completely free and easy to use in all the same ways as a debit card.

DS1 (10) learned the value of money very swiftly when he opted to spend his Christmas money on the Spurs website (with our help to navigate it). Seeing his balance drastically change was a shock to him.

I used Go Henry for this purpose many years ago.

As in addition to the 'base' pocket money, there was a facility where the concept of earnings from own choices was introduced. Plus the concepts of % Save, % Spend, % Charity were also reinforced, with the visibility for me to monitor and guide.

Moved to a Bank Card as soon as age appropriate and the core lessons learnt seem to have stuck.

So for us it was worth the initial investment.

I would just get them to use cash until they're old enough for a normal bank account (which is free!)

Hyperjar user here. You set up the adult account and then get kids account and its free. I've never actually used the adult card.

I'll probably stick with it until secondary school then switch to a standard bank account.
Remember with a standard bank account you can't see what they are doing.

One down side of cash is they can't buy stuff on line not that mine does much online shopping but he does occasionally buy xbox stuff

Yes but you can have a bank card from age 11 and surely they don't do a lot of on-line shopping before this age? Just use your card and get them to give you cash
Using cash is good hands on way to learn about noney

Ours have rooster. Really simple and straightforward to control via the app. One off (£25?) charge for the year. We’ve had them a few years now and can’t fault them. I can send you a referral code which’ll give us each £10 I think if you decide to go that route

All childrens accounts teach them that when money is spent, it is gone, none of them allow overdrafts.

A better lesson than GoHenry for your DD would be to learn that small regular amounts of money add up to significant sums over time and to be wary about paying for gimmicks and subscriptions that are rarely worth the cost when similar free or cheper alternatives exist. To me it seems like lunacy to pay £3 a month to deal with childrens pocket money like this.

Maybe use one of the many free alternatives suggested and offer to share the money saved by not paying for GoHenry with her if she manages her money in the way you want her to?

Barbara I felt like this a while ago when looks for my older dd who is a natural saver, and has that brain that can under these concepts so I never ended up paying...

However dd 2 is a spend and live now.
It doesn't have a context for her.
Hence why for a different child with different need's I thought something's like go Henry might be better! Because it's all laid out apparently.

However I didn't see any of these different cards so this weekend I will explore them all.

I think lunacy might be a tad strong (other) Barbara 😃

I actually got a timely reminder for my DDs Nimbl renewal so while I still recommend them I will take a look at Hyperjar which I’d never heard of before, thanks.

I assume they are all FCA regulated so complying with various requirements including security.

We like gohenry as you can block on line spending which stopped loot boxes with gaming

Yes they have to comply with security and stuff. But they aren't banks so aren't held to the same level of scrutiny.

If you think about it, you are transferring money to a card, like a gift card, just incase the company was to go bust I wouldn't have too much money held by any of these companies.

Where money in an actual bank is guaranteed up to a certain value £75k or something should the bank go down

Read the reviews. They look appalling. Difficult to use many places, flakey software, plus every transaction a parent makes costs them money. Incredibly bad value and I'm sure you could achieve something similar without being fleeced.

Hmmm but if the reason you are using Go Henry is to teach them to manage their own money blocking certain things isn't helping, I can't really see the point.

Hyperjar is completely free and easy enough to use.

@orwellwasright

Sorry which one has bad reviews?

Re smaller players I was more thinking's of data issues thanks large sums of money