VISA Classic Kids

According to research, almost all teenagers (87%) receive pocket money. 40% of teenagers have their own savings. Interestingly, children born after 2010 tend to save rather than consume. Thus, more than 50% of schoolchildren will reserve a part of the money if they receive 500,000 soums for their own expenses, and 31% will reserve the full amount. The remaining 19% will spend the money at their discretion

Whether to give pocket money or not is a dilemma for every parent. On the one hand, the sooner a child learns how to manage finances, the better. On the other hand, giving out cash is fraught with risks: suddenly senior pupils will take it away.

Pocket money is no longer required to be given in cash – you can issue a children's plastic card at Kapitalbank JSCB and manage it in the Kapitalbank mobile application. At the age of 14, your child can have their own bank account and their own VISA card from Kapitalbank. Opening a plastic card for children and teenagers from 14 to 16 years old is absolutely free. If a child does not have a passport yet, then the child's birth certificate, passport and written consent of one of the parents or guardian will be required to process the account.

Now, when your child is happy, advanced user of a bank card and the new Kapitalbank mobile application, he/she has the right to manage money however he/she wants, and parents will have to learn to trust their child's decisions. Don't forget to have a conversation about frauds and the fact that you must not tell anyone your card PIN code and the numbers on the back of your VISA card. On the plus side: the salary card is now safe – no need to send children to the store with a full-house amount and worry about a possible loss. The parent is safe and calm, the money is protected, and the child is free to spend. You can transfer money to the card at any time and from anywhere in the country and the world. Moreover, the transfers between Kapitalbank JSCB cards are 0%. Psychologists say that by the age of 14, children are fully aware of the value of money and make independent, and most importantly, conscious purchases. Teach your children to understand the value of money and manage it wisely. Open children's plastic cards in Kapitalbank JSCB for free just today.