The allowance feature gives you a convenient way to schedule funds to be sent to your teen on a recurring basis. This means you can set the amount you want to send to your teen and rest assured the funds will arrive at the same time weekly, bi-weekly or monthly. It’s an excellent way to ensure your child receives their funds on a structured schedule.
Once you’ve finalized your teens account you can follow these simple steps to create an allowance:
On your main screen select the teen you would like to create an allowance for by clicking on their Spending Wallet.
- Click on the Allowance icon
- On the Allowance page you can choose the amount of funds and how frequently you send those funds to your teen.
- Select transfer from your linked bank account