The Student Accounts are designed to teach teenagers financial responsibility and the importance of saving for a rainy day. The Student Accounts have three different wallets; a Spending wallet, a Savings wallet, and a Giving wallet. As a parent you can track your teen’s spending in real time, automate allowances, set chores, encourage saving, and foster charitable giving.
- The Spending wallet allows teens to participate in the digital economy; based on the limits and controls the parent has set. While still having the ability to use a physical card that can be spent in stores and online.
- The Savings wallet teaches teens the value of putting money away to work toward a goal.
- The Giving wallet encourages teens to give back to their community by donating to a cause they are passionate about.