There we go, Revolut <18 is available in most countries as of today. I am excited to see pictures of the actual card soon, the rendering on the website is weird.
I would say the feature set is already slightly more than a MVP, but one thing would hold me back as a parent: currently, a kidās account is tied to one parent. But there should be an option for both (or even three ) parents to have control.
(Okay, three parents really is an edge case. So just ignore that. But it would be cool.)
It would be awesome to have something like two different wallets. One for the kid free to use and spend on anything they like and one where they need adult permission to spend the money.
Just ordered two revolut junior cards and had the same idea in mind. The mother also should be able to monitor the kids spendings and/or add money to their account.
So joining/inviting a second parent for monitoring the kids in his/her revolut account is a must have - especially if you are divorced (as I am) and therefor we live in separate places.
Please add this.
However Iām thrilled to test how revolut junior is working for the kids
Surely this is yet another example of the need for joint accounts? Obviously I am talking about partner accounts, but the same principles apply here too
I also donāt understand why Apple Pay is not available on Junior accounts. At the RevRally on 11th December 2018, children and parents gave strong feedback that they wanted to use phones and watches to make payments, not old-fashioned physical cards. Children tend to like modern technology, not old-fashioned methods. Itās a shame that Revolut, despite having the luxury of well over a year to implement Junior accounts, overlooked this feedback. One wonders why they had a RevRally to listen to feedback if they ignore the feedback.
I donāt understand why Junior accounts are limited to the parentās base currency. What if I want to give EUR to my daughter to spend on a school trip to France? Despite my base currency being GBP, I wouldnāt want to give her GBP, as I have plenty of EUR. This unnecessary restriction defeats one of Revolutās unique selling points.
Send receive money with friends, grandparent, etc that me as parent need to allow/deny.
Other card ālooksā, The color of the card is more important for my 12year old daughter than for me. She want a rosegold color not blue with bubbles. Thatās ok for a 7-10 year old.
Swish support in Sweden. No swish support here = no market in the long run. (Swish is way to send money cross banks in Sweden. Itās also a payment service like Visa. Some places only accept cash and swish here.)
Wish I could put a message on money I transfer to him to say what itās for - it would help him track what jobs he had been paid for and what amounts are earmarked for
Apple Pay would be brilliant
A second parent/guardian with access to manage his card
I havenāt looked at his app so I donāt know this - but can kids create vaults? If not thatās a great feature for saving and money management missing in the Junior account
And the ability for others to transfer money to him
Most of these are already mentioned - lending my voice in support
I was thinking the same myself.
I went from using a free account and using shared vaults where both parents could see and add funds to our kids vault accounts to upgrading to metal and losing the ability to share information with my wife.
Just added Junior to my account this week. Have to say Iām pretty disappointed. If I knew I was the only parent who could see/ add to their accounts I wouldnāt have bothered.
It looks like Iām the only one who can add money to my kidsā accounts?
No option of currency transfers when the kids travel?
I assumed at least my kids relations on Revolut would at least be able to send money to their accounts directly. Why not?
Hello everybody,
great idea Revo Jr!
Many things might still be changed, but please consider Apple Pay as top priority and different currency io only have base currency. Teenagers now travel all around the world by themselvesā¦
Cheers
Hugo
Currently, the virtual card has the full amount of the account. I think it is better that the initial balance is zero and it can be loaded from the main card.