CardValet – Tracking Your Teens Spending
Having a checking account for your teen is a good way for them to learn good money management habits. Having a way to track the use of that account is good peace of mind for parents. Introducing CardValet. This app for your phone allows you to enter the information from your child’s debit card. You can then enroll in alerts to let you know when, where and how much the card is being used. You can set spending limits if you choose and even not allow your child to use their card at certain categories of merchants if you want to limit that. In addition, the card can instantly be turned on and off with a swipe of your finger. It’s also a great tool for monitoring fraudulent transactions by being alerted to activity that is outside you or your child’s normal use of the card.
Citizens National Bank offers a Student Checking for ages 14-17. This free account must be co-signed by a parent. It doesn’t require a minimum balance and comes with a debit card and access through Online and Mobile Banking. Give your child the opportunity to learn to manage their finances with a checking account. Give yourself the peace of mind that you know the activity that’s happening with CardValet. Download it today from the App Store or Google Play. Or view the demo.
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