Current Bank card will teach children financial literacy (4 photos)

New debit Visa card presented Current focus on children and their parents. The developers are confident this application with broad functionality to teach the students financial literacy will be easier.

Moms and dads will be able to set the auto payment to transfer money to the card. Will be held by the local traditions once a week. Also the offspring will automatically receive bonuses for good grades or other achievements. This can be a good reward for doing household chores, excellent grades or athletic successes.

To control costs will become easier. Parents can limit the amount of purchases, but also to prohibit payment card in shops and establishments of a certain category (wine supermarkets, bars, hotels, parks, extreme activities, etc.). If a child will bypass the system, the transaction will be possible to block the possibility of payment for purchases in a particular place.

The third area relates to savings and social responsibility. The application will help students save money, get interest, and also to transfer part of the funds to charity.

The author of the startup FAC Stewart, Manager of the wall Street, was invented as a tool of fiscal discipline to her own daughter, but he was confident that his development will be useful to all parents. Card service will cost $ 5 monthly, $ 36 per year or 48 lump sum payment for human use.

While the development will be available only in the US, however, Stuart FAC intends shortly to hold talks with banks in Europe and other countries.

Source: TechCrunch, Current