Till Financial launched a Till Visa debit card for kids to streamline the financial processes between family members. With this collaborative financial tool, parents can easily assign chores, transfer money, send weekly allowance, and track their children’s spending habits. The best part – Till Financial App and Till Visa Debit Card are fee-free.
Till Visa Debit Card Is Best for
- Parents who want to teach their kids the importance of financial responsibility
- Parents who wish to track their kids’ spending habits
- And, who wants to be involved in their kids’ spending and saving goals
- Kids between the ages of 8 and 18 who want to experience more financial freedom
- Kids who are ready to learn about the correlation between work and pay
What Are Till Financial Advantages
Till Financial users have access to numerous outstanding advantages when choosing to use their Visa card. Here’s a list of the essential benefits you can count on as a Till Visa cardholder.
- Zero monthly maintenance fees. This card is free to use, with no initial or ongoing monthly fees. Even if you open several sub-accounts for all your children, the costs stay the same. The only fees you’ll face with this card are a 3% fee for international transactions, a $5 fee for international ATM withdrawals, and a $5 fee for a physical debit card replacement. Besides these, there are no fees to worry about with this Visa.
- Access to virtual and physical debit cards. This fintech company allows its users to use a physical or virtual card. Having access to both virtual and physical cards is extremely helpful since it lets users enjoy more freedom and flexibility when having access to both cards.
- Ability to integrate savings. Kids can create their own short-term and long-term savings goals. With integrated savings, kids have many ways to earn and save their money.
- Setting up automatic contributions. Never miss transferring funds to your child again! Now you can set up automatic contributions that repeat weekly. Regular, scheduled, and organized contributions help your child get used to the importance of making all payments on time.
- Complete control of payments. Although kids are those who will move money to and from their savings account, no funds move before a parent approves the transfer. Therefore, parents easily have complete control of savings goals.
- No-fee ATM network access. Users can easily withdraw funds from a vast network of no-fee ATMs.
- Supporting multiple kids at once. This debit card and banking app are not only for parents with one child. Instead, parents can open multiple sub-accounts and support all their kids’ funds from a single digital platform.
- Shared admin access. Shared admin access is an outstanding feature that allows another parent, relative, or guardian to access the platform. Furthermore, your extended family can also contribute to your kid’s account since you can invite other relatives or friends. Determine which functions they can access and encourage them to get involved.
Are There Any Disadvantages?
This debit card comes with some outstanding benefits. However, the platform isn’t flawless and has its disadvantages. Here are the crucial to consider before applying.
- Device compatibility. The Till app is available only to iOS users since it works only on the iPhone and iPad (for now, at least). You’ll have to look for an alternative if you’re an Android user.
- Limited customer support. There aren’t many ways you can reach Till Financial’s customer support team. The company doesn’t provide live chat or phone support, so all clients are limited to emailing email@example.com for any inquiries or reaching out to the company via their social media platforms.
- Lack of educational content. Many companies with a similar concept offer valuable and engaging educational content that allows kids and teens to learn more about spending and saving. Unfortunately, this fintech company hasn’t introduced this feature, but we hope it will do so in the future.
- Limited bank compatibility. Even though you can link this Visa debit card to most banks in the US, it doesn’t support some smaller credit unions and banks. Check if it is compatible with your bank before applying.
- One funding source. Parents can link only one funding source at a time. However, you can change the funding source anytime with no restrictions
What Makes Till Visa Debit Card Different
Several features make this debit card different from other offers for kids and their parents. Here are the top three elements that make it stand out.
Significantly lower fees. Users of this Visa debit card for kids don’t have to pay monthly, weekly, or yearly fees, there is no maintenance fee either. Moreover, the card has fewer fees than other debit cards for children, making it an excellent budget-friendly choice.
Access to savings goals. This fintech company encourages children to set up their personal financial and savings goals. They can track their timeline and progress at any time. Another unique feature is that parents can congratulate their kids on reaching specific goals or objectives and contribute to them.
Creation of virtual and physical cards. Not many companies for kids make physical cards, making this one unique. Namely, children receive virtual and physical debit cards they can use for online and in-store purchases.
To wrap everything up, Till Financial is an excellent choice if you’re looking for a company that will act as an intermediary between your financials and the financials of your kids. The platform offers numerous ways to add funds to your child’s account and ensures parents stay on top of their kids’ spending activities. The app lacks critical features, such as educational material and better device compatibility. However, it’s still a good choice if you’re looking for a legitimate and reliable family-friendly fintech company that doesn’t impose high maintenance fees for using its Visa debit card and banking app. Ultimately, the benefits of the Till Visa Debit Cards for Kids certainly outweigh the downsides, so we recommend giving it a go.
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Frequently Asked Questions