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Children spending money without having the mindset of saving and not keeping track of how they spend can be a lack of attention. The easiest way to manage and keep track of your children’s finance is by using Gohenry.
This is an innovative way of familiarising children with financial responsibility while maintaining control with the parents.
Also, gohenry review is a tool that teaches youngsters how to manage money while giving them access and control over their children’s allowance and spending as a parent.
So, relax and read this article carefully to learn more about Gohenry reviews and how it works. You will get to know if Gohenry is legit or not after reading.
Gohenry is a financial service that helps to teach children between the age of 6-18 about handling money. A parent can have full control over their children’s finances through an app.
This app lets you control, monitor and transfer money to your child’s debit card. Gohenry is one of the UK’s leading money apps and bank substitutes for parents.
Before we go further, lets talk about gohenry a little
Founded in 2012 by parents looking to aid young people in understanding and managing their own money. Since then, gohenry has gained over 500,000 customers in the UK and beyond, which made gohenry the biggest company of its kind.
Many banks offer a bank account aimed at children but don’t offer any form of parental control. The primary difference between gohenry and high street banks is the level of parental control available. Below we look at some parent control features.
In addition, gohenry offers an invaluable learning experience. It teaches children how to handle money at a young age, aiding them with budgeting and encouraging independence.
Once your child has the card in hand, then you get started by downloading the app on your Android or iOS, sign-up and start managing your account by
Determining whether the gohenry verdict review platform you are signing up for is legit or a scam is important.
Gohenry is an amazing tool that teaches children how to use and spend money with unique parental control.
Technically, gohenry is not a bank. This means that FSCS doesn’t protect all the accounts, a scheme that most banks use to protect the money held.
Essentially, gohenry is just a prepaid debit card, this is the same for other similar cards.
The good thing is that all gohenry debit cards are regulated by the FCA meaning they hold all funds in segregated accounts. This means that in the rare occasion that gohenry is compromised, your funds are safe and secure.
Also, They will block or freeze your child’s card immediately via the app; if the card loses meaning, it can’t be used for any transactions from now on.
In addition, parental control is an important inclusion by gohenry. It provides an excellent service for parents looking to help their child learn about money or looking for a more efficient solution for handing out pocket money.
After the go henry 2-month free trial, for new customers, the go henry account costs £2.99 per month per child. This include:
Firstly, free payments and free cash withdrawals in the UK. Parents can transfer money from the parent account to the child’s account monthly for free. Any additional transfers will cost a further 50p per transaction.
Secondly, using the card oversees incurs a 2.75% currency exchange fee. Each cash withdrawal from a foreign cash point will cost £2.
Also, replacing a lost or stolen card would cost £5 per card.
Gohenry reviews still lead among when it comes to parental control and are a perfect choice for any parents who want to teach their kids how to manage money from a young age.
The company’s financial tool for children comprises:
First, A parent account that can access through an app is used to top up the child’s account and apply parental control on children’s spending habits.
Secondly, The child’s account. Children can see their balance and the spending limits you’ve established for them in the app.
Lastly, A Visa prepaid card. Children can use the card to purchase in shops and online and withdraw cash from ATMs.
Note: Gohenry is designed for a particular demographic. The benefits only felt by those who are new to handling money.
Gohenry is a secure company where your child’s finance can be safe. I believe using go henry will impress you with your child’s financial understanding, responsibility, and forward-thinking progress. So you can give it a try.