With the free Till app, parents can trust kids with their own debit card and work together to set goals for spending and saving to better prepare them to be out on their own.
The app allows parents to set up an account with a child as a beneficiary. Parents can then move money to various buckets for spending or savings goals. Teens are provided a debit card and when they reach a specific goal, such as saving for prom or a video game system, parents can unlock that bucket of money for spending. Grandparents and other relatives can join the app as part of a teen’s community and match a child’s savings. Teens get their own log-in to manage money.