What is gohenry Debit Card?
Gohenry is a prepaid debit card designed specifically for children and teenagers aged 6-18 years. It allows parents to give their kids more financial freedom, while still being in complete control of their spending. The card is available in the UK and the US and comes with a range of features that make it an ideal tool for parents looking to teach their children about financial responsibility.
One of the key features of the Gohenry debit card is the ability to set spending limits and control where the card can be used. Parents can set weekly or monthly allowances, allocate funds for specific purchases or even block certain merchants altogether. This gives parents complete control over their children's spending, while teaching them the value of money and budgeting.
Another useful feature of the Gohenry debit card is the ability to set savings goals. Parents can work with their children to set specific savings goals, such as saving for a new bike or a holiday, and track their progress towards achieving them. This encourages children to save money and teaches them important financial skills that will serve them well in adulthood.
The Gohenry debit card also comes with a mobile app, which parents and children can use to manage their account. The app allows children to see their balance, track their spending and savings, and even earn money through completing household chores. Parents can use the app to monitor their children's account, set or change spending limits, and receive instant notifications whenever the card is used.
In conclusion, the Gohenry prepaid debit card is an excellent tool for parents looking to teach their children about budgeting and financial responsibility. With its range of features, including spending controls, savings goals, and a mobile app, it provides a safe, secure, and educational way for children to learn about money management.
Frequently Asked Questions about gohenry debit card
GoHenry is an online app and debit card that lets parents monitor their children's spending by issuing them prepaid Visa debit cards. Parental controls restrict the places the children may use their debit cards. Children may earn money by completing a pre-determined set of chores.
GoHenry is a pocket money app for teaching money skills to kids and teens - and so much more! It's a debit card for kids, and a financial learning app with features for parents, too.
GoHenry isn't a bank, but we offer the same functionality you would expect with a traditional high-street bank account. Some of the key differences between GoHenry and a bank account are what we offer: An app with a separate parent and child view.
GoHenry cards can be used contactlessly for purchases of £100 and under in most shops (see strict merchant block below). The first transaction must be made using the Chip & PIN function (PIN is on the app). After this, the card can be used contactlessly wherever a contactless card reader exists.
Parents and kids can set savings goals in the app, track their savings and work together to plan for future purchases. Instantly send money to your child's account - for school trips, lunch or just because. You'll get updates whenever your child uses their card, and an alert if it's ever declined.
The company is named after GoHenry's first customer, an 11-year-old boy named Henry. In 2016, the company broke an equity crowdfunding world record, by raising $5.6 million on Crowdcube.
We created GoHenry with the goal of helping kids and teens learn about money in a practical, fun way and provide all the tools to help parents nurture healthy financial habits in their children.
The GoHenry teen debit card can be used anywhere that accepts debit card payments and other types of contactless payments, such as Apple Pay (13+). This includes shops, online stores, and ATMs. Our safe spending controls automatically block purchases from 'over 18' merchants.
It is only possible to set up a GoHenry account if you live in the US. However, GoHenry cards can be used in other countries where Mastercard is accepted. We do not charge any fees for making a transaction in a foreign currency, so you can concentrate on enjoying yourself when you travel.
History. GoHenry was co-founded by Louise Hill and Dean Brauer, in 2012 in London, UK. The company is named after GoHenry's first customer, an 11-year-old boy named Henry. In 2016, the company broke an equity crowdfunding world record, by raising $5.6 million on Crowdcube.
Iona Seligman - Senior Product Designer - GoHenry | LinkedIn.
Did you know that all GoHenry kids and teens have a daily spending limit of 10 transactions or 20 transactions over a four-day period?
GoHenry Limited is a company established in the UK with its registered office at Stirley House, Ampress Lane, Ampress Park, Lymington, Hampshire SO41 8LW. This company is registered with the UK Information Commissioner's Office under number Z2942623.
The best debit cards for kids and teens, compared
| Card | Monthly fees | Age |
|---|
| Greenlight Debit Card | $5 to $15 | Any |
| GoHenry Debit Card | $5 for one child; $10 for up to four children | 6 to 18 |
| Step Debit Card | None | Any |
| BusyKid Debit Card | $4 | Any |
If you are unable to withdraw funds from an ATM then we may be able to transfer the funds back to their source bank account. To request this service, please email [email protected] with the amount you'd like transferred and your bank details.
You can link your debit card to your GoHenry parent account when signed into the website or app. Money can then easily be transferred from your parent account directly to your kid's debit card - in real-time.
