Prepaid debit card for children

Billers

Has anybody looked at or used Osper (can't post links but searching that would give you the site)?

It is a prepaid debit card along with balance management app for 8-18 year olds, to help them get used to the freedom and responsibility of their own accounts. I think the idea looks good and was thinking of signing up for my kids but would be interested to hear other people's experiences.

pawsies

https://osper.com/

Looks good to me. Great idea

Gloomendoom

Can you buy Spam with it?

Billers

Probably. You can probably pay for cynicism counselling as well :-)

I did worry that it would look like a marketing message, especially coming from a newbie, but it is a genuine question.

gingin_2

I like the look of that a lot. My only hesitation would be if shops would query a younger child was using a debit card. My daughter, knowing her character, would be mortified to have to explain herself.

geoffky

Have they stopped child bank accounts?

74jax

My daughter has a bank account with a debit card and can't go overdrawn.

I don't really see the difference?

meer53

My daughter had a Natwest account with a debit card from 11. No difference to a prepaid card.

Spendless

geoffky wrote: »

Have they stopped child bank accounts?

No they haven't. I opened one for my daughter only last week, she gets a card that she can withdraw cash from the ATM and can use as a debit card. You can't go overdrawn on it and you can open one from 11 years old.

Carl31

meer53 wrote: »

My daughter had a Natwest account with a debit card from 11. No difference to a prepaid card.

I think with osper they can manage their account on an android phone or something. So they can see what they have spent, budget etc..

springdreams

Carl31 wrote: »

I think with osper they can manage their account on an android phone or something. So they can see what they have spent, budget etc..

Natwest offer online account management for accounts held by 11 year olds and older - my DS has one too.