What is gohenry App?
Gohenry is an innovative digital banking app designed specifically for children and teenagers to learn the value of money and financial responsibility. The app is easy to use and provides a safe and secure environment for young minds to manage and save their money.
By giving parents an easy way to give their kids pocket money, and by providing an app to help kids save and budget, gohenry provides an excellent way for parents to teach their children financial responsibility. Unlike other banking apps, gohenry sets itself apart by being tailored for children's needs, and offers features that can help encourage kids to set saving goals or to actively engage with their money.
Parents can count on gohenry's safety features to ensure their children are spending responsibly. The platform comes equipped with parental controls, which allow grown-ups to track where their kids are spending their money, set spending limits, and even block certain types of transactions.
Moreover, the app provides a secure, contactless method of payment, allowing children to make transactions in the real world with a personalized, chip-and-pin debit card. What parents appreciate about gohenry is that their kids have their own debit card but it's under the parent's control, giving them an opportunity to teach financial concepts of saving and budgeting.
Overall, Gohenry is a brilliant app that can have a real impact on the financial literacy and wellbeing of young people. By making it easy for kids to learn about money while having fun doing so, gohenry empowers them with essential money management skills that will last a lifetime.
Frequently Asked Questions about gohenry app
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.
Most high street banks offer some kind of children's bank account, but the main difference between their products and GoHenry is in the depth of parental controls. With GoHenry, this includes: Instant notifications. Every time your child uses the card, you get a notification on your own app.
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.
Your child can use GoHenry at an ATM, and they have a daily limit of £120 (you can set this to less on the app) and a daily maximum of three ATM withdrawals a day. Their weekly spending limit will also affect how much money your kids can take out, so it's also important for kids to know their limits.
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.
GoHenry is a digital service, which means money can only be added to your account by bank transfer or debit card. We cannot accept checks. If you have already been given a check but your child is too young to have their own bank account, ask the sender to write the check in your name.
The £100 contactless limit
The contactless limit is £100 per transaction. This means that your child can tap and pay, without needing to enter their PIN, up to a cumulative transaction limit of £300 if you don't set your own single spend limit within your GoHenry app.
Please remember that we only receive bank transfers Monday to Friday and they can take up to 24 working hours to process. We recommend setting them up before 2pm the working day before you'd like the money to arrive in your parent account.
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.
Information
| LIMITS | GBP |
|---|
| Maximum Parent Account balance | £6,000 |
| Minimum Parent Account load | £2 |
| Maximum Parent Account load | £500 |
| Maximum Parent Account load value per day | £600 |
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.
GoHenry is a digital service, which means money can only be added to your account by bank transfer or debit card. We cannot accept checks. If you have already been given a check but your child is too young to have their own bank account, ask the sender to write the check in your name.
24 working hours
Please remember that we only receive bank transfers Monday to Friday and they can take up to 24 working hours to process. We recommend setting them up before 2pm the working day before you'd like the money to arrive in your parent account.
You can make payments via bank transfer using your GoHenry sort code and account number. You can find them in your parent app or on the website. Please remember that any payments made via bank transfer using these account details will go into the parent account rather than the child account.
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.
GoHenry is a digital service, which means money can only be added to your account by bank transfer or debit card. We cannot accept checks.
