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Home Fintechs Gohenry launches new account designed for teens

Gohenry launches new account designed for teens

Money app gohenry, has released pocket money account for customers aged 13 to 18 years.

The new Teen account will be available for kids aged between 13 to 18 and will be automatically offered to existing account holders over the age of 13.

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The Teen account is available from 21 October 2020. It costs £2.99 per month, the same as any gohenry account, with a one-off cost of £4.99 for the matte black Teen card.

GoHenry is a family-focussed financial management app. Teens will be able to have a salary paid into the account from any employer and experience a fresh new look for the app and card.

“We developed the Teen account to help young adults continue to learn good money management skills at a period when they are seeking more independence in all areas of life,” said Louise Hill, co-founder and COO of gohenry.

“The gohenry Teen account helps 13-18-year-olds with the transition into adulthood – offering more freedom and features to suit their growing independence, while still having the safety net of being guided by their parents when needed,” she added.

To make the account more appealing, gohenry has also announced a partnership with Student Beans to give members access to exclusive offers and discounts on a range of brands teens know and love.

“Having introduced our Eco Card – the first biodegradable debit card for kids – earlier this year, we’re continuing to build our business and expand our family finance offering with the launch of products such as our Teen account to meet the different needs of our members. This is just the first phase of our Teen launch, with additional features arriving in the coming months to help equip teens with money skills for life,” conluded Louise.

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Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

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