Prepaid debit card with spending limit

doughboyDave

Is there a prepaid debit card for adults? I have LPA for a cousin with learning disabilities, and I want to control his daily spending to prevent him exhausting his savings.

masonic

See https://www.moneysavingexpert.com/credit-cards/prepaid-cards/

Other options may be suitable (such as a basic bank account), but it would depend on what level of access he has to his savings, see https://www.moneysavingexpert.com/banking/basic-bank-accounts/

PRAISETHESUN

For prepaid/basic accounts the spending limit per se is the balance of the card/account - I'm not aware of any accounts where you can cap daily spending, although I'd be curious if anyone has any experience to the contrary. The easiest way in my mind to manage spending would be to keep the bulk of his savings in one account and then transfer across only what is required to the prepaid card, which can be used for daily spending.

Polarpenguin

Would a Starling account do what you want to do ? https://www.starlingbank.com/features/connected-shopping-card/
The spaces and connected card feature is capped at £200. So if your cousin only has use of the connected card that is all he could spend.

afis1904

As a previous poster said, look for a bank account that can't go overdrawn and just send him some money over when needed. Some of them would also give you spending notifications (like Starling) which might be useful.