BusyKid

BusyKid

About this app

With BusyKid, kids and teens can now learn important money management skills through our easy-to-use app and BusyKid Visa® Prepaid Card.

Due to the lack of financial education in most schools, our app has just about everything any child (5 to 17 years old) could ever need to help build the important money skills they’ll need to be successful adults. From the palm of their hands they can make real-life money decisions with parents serving as a safety net.

Teens and kids can earn, save†, donate to charities† or spend on a personalized prepaid card. They can even use the funds to learn to invest* in real stocks. Hand-on experience is the best way for kids to learn, and with parents approving all money transactions leaving the app, it’s safer than giving them actual money.

Chores and allowance tracker:
Kids can earn an allowance by doing chores based on age and schedule. There are hundreds of chore/allowance combinations available but a parent can also add their own. In addition, the app’s chores and allowance tracker helps kids build important character traits like accountability, dependability, time management and teamwork. Enjoy our easy setup and real-time push notifications on chores and money transactions.

Teach Easy Investing:
Included in every BusyKid account! No upgrades needed! Teach your kids/teens how to invest from an early age and their potential can be limitless. Think college funds, first car, a home, and more. These valuable skills could help guide them through adulthood and create financial strength you can’t get with a bank alone. Learn to invest on our app and your assets are safe with our integrated investing platform, backed by Apex Clearing Corporation. Families can invest together, and within, just a few clicks make an investment for as little as $10 a transaction (and say goodbye to commissions).

BusyPay†:
Instead of wasting money on gift cards that could get lost, stolen or leave unused funds, use BusyPay and load money directly to a BusyKid child account. By sharing a BusyPay QR code friends and family can add money to an account for birthdays, holidays, or working for a neighbor. Even use this exclusive feature to BusyKid to send money to others using BusyKid.

Being Charitable:
BusyKid promotes a balance financial lifestyle and that includes being charitable. Donating is important for more reasons than the tax implications. Our app has more than 60 local and national charities built in to help make sharing easy.

Safety First:
We use the latest SSL encryption technology, and funds inside the app (child’s accounts) are FDIC Insured. The app and cards require individual PINs for use, and we strongly encourage all PINs be different. Parents receive alerts for any money transactions and card issues. Has all sensitive information stored by partners compliant with all Payment Card Industry Data Security Standards.

The BusyKid Visa® Prepaid Card is issued by Pathward®,N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Card can be used everywhere Visa debit cards are accepted. All cardholder funds are insured by the FDIC in accordance with the FDIC’s applicable terms and conditions. Cliq® is the exclusive and authorized Servicer of the BusyKid Visa Prepaid Card.

*BusyKid's provision of access to securities products and brokerage services are offered by Apex Clearing Corporation. Apex Clearing Corporation is an SEC registered broker dealer, a member of FINRA and SIPC, and is licensed in 53 states and territories. FINRA BrokerCheck reports for Apex Clearing Corporation are available at: http://www.finra.org/brokercheck.

† - Optional feature is a BusyKid product.

Ratings and reviews

We have used Busy Kid for a long time now! It has been a great tool for teaching our kids about money. All of the chores we set are for very little money and yet they are able to see how pennies saved can turn into large sums of money. I also love how they can practice real life skills with their own debit cards. We still need to check out the investment features. My only suggestion would be to create a way to edit chores etc. on a desktop instead of only on a mobile device. It's a great tool:)

Update: Was contacted by the company to address this issue in record time. Had to send in verification of address and hopefully will receive the cards in the next ten to twelve business days, maybe sooner. Very impressed with how quickly they contacted me to resolve this issue. Has been almost a month and still no cards for my boys. Can't get real assistance so far, just the chat bot on the app spewing a FAQ page at me. Will most likely be closing the boys accounts and opening them elsewhere.

While it does allow me to assign chores and give a value to them, I don't bank with their allowed banks, so I can't pay my child with the app, and I can't mark it paid from another source (cash). I also cannot edit a prior payday if you miss that deadline. Not great, but I liked this one better than some of the others as it seemed simple to use. Guess we will continue looking....

What’s new

Bug fixes and feature improvements