Helping kids gain money skills for life with Revolut Junior š¦š§ (US)
Kids and teens need to learn about money, and who better to teach them than you? Introducing Revolut Junior, a safe and easy way for parents and guardians to teach kids essential money skills for life.
What is Revolut Junior? šŖ
Revolut Junior is a Revolut account for young people aged 12-17. It gives them the freedom to manage their money and build essential financial skills, but for added security and peace of mind, itās owned and controlled by you.
Sounds great so far? We hope so, but Revolut Junior is more than just an allowance account. Itās a way for kids to learn about saving and budgeting via their own Junior app ā because letās be honest, theyāre not learning it in school!
Revolut Junior at a glance ā”
- Available for kids aged 12-17
- Can only be set up by a parent or guardian with an existing Revolut account
- Funded by a parent or guardian from their main Revolut account
- Parent or guardian can control Junior account holderās security features
- Instant notification to parent or guardianās phone when Junior card is used
- Card details printed on the back of the card, to reduce risk if card is shown on social media
Built with long-term benefits in mind š
Money is an important part of any childās or teenās life, whether itās pocket money or a part-time job. But few young people are taught how to manage their money. Imagine giving them the tools to develop greater financial sense, with resources your younger self probably never imagined.
With Revolut Junior, young people get the freedom to spend both offline and online, (fully customizable by you), and you get the peace of mind of being able to see where their money goes. Plus they can use our essential in-app saving and budgeting tools - all part of teaching them money skills for life.
Itās all about beginning to have conversations around money that are enjoyable and fun too. Revolut Junior is the starting point for you to help them grow up feeling confident about managing their money.
How to set up Revolut Junior šØāš¦°
Setting up a Junior account is simple:
- Open your Dashboard in the app and tap on āJunior accountsā
- Fill out the information for the child or teen who will be using the account
- Order a Revolut Junior card for them
- Add money to their Revolut Junior card from your account
Optional Revolut Junior app š±
If they have a mobile device, they can download our dedicated Revolut Junior app by scanning a QR code displayed on your phone. However, their card will still work even if they donāt have a mobile.
Where freedom meets security š£
In addition to teaching healthy money habits, Revolut Junior is a great way of handing kids plenty of financial freedom, within safe boundaries. Ever receive an unexpected Amazon package for your child or get a surprise Fortnite charge on your card? Ā Revolut Junior gives you more control of your childās spending - you set the limits and controls, without having to watch over them 24/7.
Take card controls, for example. As the parent or guardian, youāre in control of how and where the Junior card can be used.
How many times have you handed your child some cash for their allowance, only to find it was later misplaced? Ā Now you can safely place money in your childās wallet. Plus, only you can add money to a Junior account. You can do this via your own Revolut account.
Tracking and transaction alerts š§
Giving them some freedom with a Revolut Junior account means youāll also want to do some tracking, to keep them safe. Youāll be able to see where they spend, directly from your own Revolut account. Weāll also send you transaction alerts whenever they spend, and by default, Junior cards cannot be used at certain age-restricted merchants.
This kind of trust and respect is central to Revolut Junior, and we hope that by giving you the tools to lead the way, youāll help give them money skills for life.
Real account, real responsibilities šŖ
When it comes to money, no young person wants to be treated like a kid. Revolut Junior gives them the opportunity to handle their money like an adult.
That said, theyāre probably still going to show off their new Revolut card on social media, which is why weāve taken the extra security precaution of putting their card number on the back, out of sight.
Money management for the whole family šØāš©āš§āš¦
At Revolut weāre all about creating products that allow you to āget moreā from your money and more out of life, and with Junior itās about ease,peace of mind, and using technology to bring the family together.
Revolut Junior launches with plenty of great features, but you know us, weāre always looking ahead. In the coming months weāll introduce additional budgeting features to Junior, setting up a recurring weekly allowance, as well as the opportunity for kids to create vaults, to help them save for their goals and passions.
Let us know what you think of Revolut Junior, by tagging us @revolutapp using #RevolutJunior and #JuniorFamilyFind out more about the ins and outs of Revolut Junior with our dedicated Revolut Junior FAQ.
Join Revolut for Free
Manage your everyday spending with powerful budgeting and analytics, transfer money abroad, spend easily in the local currency, and so much more. Join 25M+ already using Revolut.