VTB began to produce debit cards for children from 6 years. On the eve of the new school year, parents can order an additional children’s card for free to their account in VTB online and remotely configure limits. Bank customers with the help of a new VTB product will be able to train children the basics of financial literacy and minimize risks when using cash. About this “Lente.ru” reported in the press service of VTB.
The card is issued as an additional account for parents, through which write-offs and replenishment will occur. Young people over 14 years old will be able to book a map as the main and tie to a separate personal account.
To issue a map, you need to order it in VTB online or in any branch of the bank. You can also choose one of the original design options and specify the address of the bank’s office in which the client is convenient to get it.
Children’s card will become a safe alternative to cash at daily expenses. Parents using VTB online mobile application will manage the limits on the map for children and control their spending.
Children’s cards will be connected to the Multibonus Bank loyalty program. For additional cards on children from 6 years, the reward is credited to the parents’ account, for the main cards for children from 14 years – to the child’s account.
“This year VTB focused on the development of products and services for children, youth and retirees. One of the key new products became a children’s card – a convenient tool for parents, allowing them to control the spending of children and protect the child from the risks of theft or cash loss. This is Especially relevant on the eve of the new academic year, when schoolchildren may need funds for daily pocket expenses, “Commented on VTB Board Svyatoslav Ostrovsky.
According to Svyatoslav Ostrovsky, VTB as a socially responsible bank a new tool makes it possible to instill with the younger generation of financial literacy, from child age to teach it to manage funds with the help of modern technologies. It is important that parents can track all actions on the child’s card and immediately when it is designed, setting the cost spending limits – this will make the process of spending transparent and safe, and children will never be without money and learn to dispose of their savings.