Debit cards are useful payment tools for making online purchases. They also mean you don't have to carry cash around. If your kids don't have their own debit card, they may be wondering "can I use my parents' debit card?". Of course, it can be tempting to use your parent's debit card. After all, it can be a quick way to treat yourself to something or simply get your hands on some cash. But is it a good idea to use someone else's card, even if they are your parents? Is it even legal to do so?
Is it illegal for my child to use my debit card?
Only the cardholder, ie you, should use your debit card. If your kids wish to purchase something with it then they should ask you to do it on their behalf. It’s always a good idea to carefully read your debit card’s terms and conditions to make sure your card is used appropriately. If they are aged six to 18 and desperate to have a debit card that they can use themselves, then a GoHenry prepaid debit card is the ideal solution.
What happens if my child uses my debit card without permission?
Discovering that your child has used your debit card without your knowledge is rather similar to them taking money straight out of your wallet without asking. It’s tantamount to stealing. Your child is not approved by the bank to make transactions on your account and it’s technically a type of fraud that could be subject to financial and legal liability. Make sure your kids know that your debit card is only for you to use and if they need a debit card then you can either set them up with a GoHenry prepaid debit or make the purchase for them on their behalf.
How about getting your child their own card with GoHenry?
Instead of your kids always asking for you to make purchases for them on your debit card, why not set them up with one of their own? If they are aged between six and 18, a prepaid debit card like GoHenry means they have the freedom to make their own in-store and online purchases, as well as withdraw cash. Thanks to our in-app Money Missions, they can also learn money management skills by watching fun videos, taking quizzes and earning points and badges in the process. If they are aged 13 and over, they can use their GoHenry card wherever Apple Pay is accepted. It's a safe way to pay for items as it uses a unique encrypted code to represent the card.
You can credit your child’s card with regular or one-off payments. For instance, you can add the money they’ve earned from doing jobs around the house, their Christmas or birthday money or their pocket money. With Giftlinks, friends and family can also send money straight to your child’s GoHenry account — a much safer and more reliable option than sending vouchers or cash.
Your kids can even customise their GoHenry card with their name and a picture, so there's no mistaking it's theirs. The card is protected by a PIN which can be blocked immediately through the app if it gets lost or stolen. You can also keep an eye on your child’s spending and set limits to help them manage their money.
To set up your GoHenry account for your kids, all you need to do is download the free mobile app or sign up online. You'll need to enter your details and confirm your parent account, and your kid’s new GoHenry prepaid debit card will be with them in five to seven days.
It's never too early to start learning about good money management. If you want your kids to feel more independent with their money, think about setting up a GoHenry prepaid card.