The app can be installed on both the child’s or the parent’s smartphone
Polish bank rolls out app for kids. Source: shutterstock.com
Bank Pekao has introduced PeoPay KIDS app, enabling children to manage their money. This banking solution is addressing the needs of parents looking for help in educating their children about personal finances.
The app provides a savings account where children can create “money-boxes” to save money for their own purposes and check how the collection is going.
The kids can also recharge their pre-paid mobile phones, but only after parental approval.
What is more, Bank Pekao offers children to have their own PeoPay KIDS payment card, enabling them to pay for shopping and withdraw cash from ATMs.
We’ve reported that Revoulut has launched Revolut Junior account for young people aged 7-17. This way, kids will be able to develop healthy money habits under the guidance of their parents or guardians.
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