Many parents today teach their children not only arithmetic, grammar and proper social behavior, but also provide the basics in the field of financial literacy. This is important for the younger generation, as already at school age, kids receive their first pocket money, which they spend on lunches, toys and other products. In order to introduce the child to non-cash payments, the WestStein children’s bank card was created. We will discuss how to issue and use this tool below in the article together with specialists from the financial industry.
Why do I need a bank card for a child?
Adults should understand that virtual money is no different from physical money, so a bank card for children is an alternative solution, thanks to which the youngest family member learns to manage his funds that do not have a physical embodiment.
Such payment instruments are needed in order to protect the child as much as possible and give him freedom of action in financial matters. With such a tool, adults will be able to track a child’s money transactions and respond to uncharacteristic purchases. Your baby will never be left without pocket ones – mom or dad can replenish the card at any time in any way convenient for them. Children’s bank cards from 14 years old may have a limit on transactions, which is regulated on an individual basis.
A child, using a plastic card, will be able to feel like a full-fledged participant in market relations, and will also learn to save money. The main thing to remember is not to condemn the child for wrong actions – the child should not be afraid to ask for help from adults.
How to order a Mastercard prepaid card?
The WestStein prepaid card has won the trust of the audience due to its convenient functionality. And our company – high-quality customer support from highly qualified specialists. We are ready to help at all stages of cooperation, including in matters of opening an account and issuing a card. A virtual debit card is available to the client after registration and verification on our official website. For this, you do not need to collect documents and visit a physical department – the whole procedure takes place digitally and does not take much time. After agreeing on all the nuances, the client has access to the account and its payment instruments.