SquareOne - Youth Money

Editor's Review

SquareOne is a revolutionary app designed to teach kids about money in a modern, cashless world. 💸 It addresses the challenge of connecting digital transactions with real-world value for young learners. This Kiwi-developed app provides kids with their first contactless card and account, managed with smart parental controls, making learning about money practical and engaging. 🥝

Why SquareOne is great for kids:

• First Card Experience: Eco-friendly card helps kids understand money management. 💳
• Personal Money App: Modern app interface, unlike traditional banking. 📱
• Savings Goals: Set targets and achieve them. 🎯
• Spending Tracker: Build lifelong financial habits. 📈
• Real-Time Tracking: Monitor balances and transactions instantly. ⌚
• Job Opportunities: Earn money through assigned tasks. 💼
• Easy Repayments: Simple tap to repay parents. ✅
• Card Freeze: Instantly freeze a lost card. 🥶
• Instant Transfers: Send and receive money with friends. 👯

Why parents love SquareOne:

• Automated Pocket Money: Set up automatic allowances. 🗓️
• Spending Rules: Create boundaries for kids' spending. 🛑
• R18 Block: Protect kids from inappropriate merchants. 🛡️
• Payment Control: Manage contactless, online, and international payments. 🌐
• Transaction Monitoring: Real-time view of spending. 👀
• Easy Top-Ups: Instantly add funds to the account. ⬆️

SquareOne is more than just an app; it's a mission to empower the next generation with financial literacy, providing tools that resonate with today’s digital natives. 🌟

Features

• First contactless card for kids

• Personal money app designed for kids

• Set savings goals and track progress

• Track spending and build good habits

• Real-time balance and transaction checks

• Complete jobs to earn extra money

• Repay parents easily with a tap

• Instantly freeze lost cards for security

Pros

• Automatic pocket money and instant transfers

• Set spending rules and limits for kids

• R18 merchants are blocked for safety

Cons

• Requires parental involvement for setup

• Limited functionality compared to full banking apps