NatWest now offers pocket money app and prepaid debit card for kids

A PREPAID debit card and pocket money app for kids is now available through NatWest.

Ahead of the midterm vacation, the bank incorporated Rooster Money into its youth product family. The NatWest Rooster card will be available free of charge for 12 months exclusively for the group’s 19 million customers.

The bank will continue to make the product available to customers of other banks and has lowered the price for them to £1.99 per month, ensuring families across the UK continue to have access to tools that boost children’s confidence with money and prepare them for a better future.

It’s part of NatWest’s ambition to help more families take the steps of learning about money and prepare children to confidently take the reins of their own finances.

Simon Watson is head of youth banking at NatWest Group. He said: “We want NatWest to be the easiest and most useful bank for families and young people.

“We know that parents have limited options in the market when it comes to products that help them easily manage spending money and household chores.

“NatWest Rooster Money now makes it easy and free for parents and guardians who do business with us, and offers those who don’t a simple, cost-effective service that comes with the confidence of being backed by a bank.

“We are continually looking for ways to help people feel confident and empowered to manage their money – whether through MoneySense, our free financial education program for young people, or the Thrive program, co-created with Marcus Rashford.

“We are committed to helping young people build their confidence in money and champion their potential.”

Will Carmichael, CEO of NatWest Rooster Money, added, “NatWest Rooster Money currently helps over 130,000 customers each month, empowering children’s independence and reassuring parents or guardians when it comes to giving children a head start with money.

“Being part of the NatWest family reinforces our ambition to make a real difference by helping us reach millions of families across the UK.”

Whether it’s using the free Star Chart and Virtual Pocket Money Tracker to get started with money management, or a Rooster Card subscription, Reviving will give more families access to trusted tools to build the future. financial support for their children, via the NatWest group.

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