About Nickel - The Allowance Manager and MasterCard Prepaid Card
Nickel helps kids and teens get money-smart. Part teaching app, part prepaid MasterCard , Nickel is the best way for parents to stay in control while their kids (8+) gain real-world experience managing money. With Nickel,...
Nickel helps kids and teens get money-smart. Part teaching app, part prepaid MasterCard , Nickel is the best way for parents to stay in control while their kids (8+) gain real-world experience managing money. With Nickel, kids can learn to handle money responsibly: how to earn it, when to spend it, and how it can grow. Parents maintain oversight while children face everyday financial choices. Dinner out or a movie in? Play video games or wash the car? Spend it now, or save up for the future? These decisions bring consequences and valuable lessons learned. We believe it's better to learn those lessons on $30 rather than $30,000. Using the app, parents set up their family, and kids activate their Nickel Card. Nickel is free to try for two months. After that, it's only $5 per child per month. Note that kids must use a different phone number from their parent to activate their cards and log in. SEND MONEY INSTANTLY AND AUTOMATICALLY Parents can send money to their child's Nickel Card from anywhere, for any reason. They can set a consistent, automatic allowance, pay for chores and cover emergencies. SAFER THAN CASH Parents and kids can instantly disable their Nickel Card if it's lost or stolen. Unlike cash, there's a record of where it was spent. And in an emergency, parents can send money instantly, from anywhere. TRUST AND VERIFY Nickel makes it easy for parents and children to keep track of spending. Each decision even a mistake is a teachable moment and a conversation starter. ENCOURAGE SAVING Kids can save up by sending money to their Nickel Pocket, which can earn interest from their parents. Kids can also set up automatic contributions through AutoPocket and watch it grow. MOTIVATE THROUGH INTEREST Earning pennies per year with today's interest rates isn't very engaging. We enable parents to set and pay a meaningful interest rate that helps kids understand the power of compound interest, opportunity cost, and the time-value of money. SECURE SUPERVISION Because Nickel is designed with kids in mind, certain transactions are automatically blocked: no ATM access, no travel, no gambling, and more. See the full list of restricted categories in the Nickel mobile app. WHAT PARENTS AND KIDS ARE SAYING ABOUT NICKEL: Nickel is awesome. You can see how much you re spending and you can see how much you re setting aside, and it just makes you more money-aware. Natalie, age 13 Most kids can t tell you what they spent money on two days ago, let alone two weeks ago. This can tell the kids what they spent money on two weeks ago. I think that s extremely powerful. Alex, father of Levi, age 15 This is a new, fresh approach that gives kids a place in this huge finance world. I know that Nickel would help me as a parent show my son how important saving is and that you will earn more and more, the more you set aside, and that s awesome. Nickel would actually help me stay on track and stay organized with allowance, because juggling a large family sometimes that can be difficult. This simplifies everything for us. Tenisha, mother of Anthony, age 12 Without a tool, without having anything concrete to look at, everything is like No, you re spending too much money. Or, You re spending it on things that you don t really need. With Nickel I can say, No, really, on this date, this is how much was spent and you spent it on this. Was that really what you wanted to do? How do you feel about? Did you think that was a wise thing to do? Alexis, mother of Angeline, age 13 Have questions or feedback? Reach out any time at
[email protected]. We'd love to hear from you! This card is issued by Sutton Bank, member FDIC, pursuant to license by MasterCard International. Music in the App Preview: "The Light Between Us" by Scott Holmes From the Free Music Archive CC BY 4.0 http://creativecommons.org/licenses/by/4.0/ http://freemusicarchive.org/music/Scott_Holmes/~/The_Light_Between_Us
Requires iOS 8.0 or later. Compatible with iPhone, iPad, and iPod touch.
Previous Versions
Here you can find the changelog of Nickel - The Allowance Manager and MasterCard Prepaid Card since it was posted on our website on 2016-09-27 13:48:30.
The latest version is 1.0.9 and it was updated on 2024-04-22 12:33:20. See below the changes in each version.
Nickel - The Allowance Manager and MasterCard Prepaid Card version 1.0.9
Updated At: 2016-03-03
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