As per @robert’s instructions, I thought I’d start this topic going.
It’s clearly of interest to Dozens (there is already a place holder in the app).
The question is… What do we want?
I have very strong feelings on this, but I’d love to hear what others think.
There are already accounts out there for children. There are plenty of 16-18 accounts (Monzo and Starling included), and a lot of the legacy accounts offer accounts to children of 11 years and up (possibly younger, but I haven’t looked).
I would love to see the age limit being removed completely if I’m honest.
Realistically, kids much younger than 11 aren’t necessarily going to be wandering around with their own debit card buying things - But that shouldn’t stop them learning about money, savings and being responsible.
If I could have a section of my app that allowed me to add money to their accounts, with perhaps a debit card that was solely for that part (think of it as a ring fenced fun with a specific debit card) - That would be magical.
If the child went to the village shop and there was £5 in their account - I know that’s all they could spend.
If this could happen quickly, I’d be so impressed!