Nordic challenger bank Lunar has launched accounts and cards designed to help teenagers between 15 to 17 years old to offer to help them teach about money management. So they can manage their allowances, salary, and money on their own account.
Teenagers will be able to sign up for an account themselves. The new service will offer 15 to 17-year-olds access to a basic version of the current banking app where they will be able to see their spending review, saving goals, and budgets.
The offers are limited, like basic account and card, spend overview, saving Goals, budget tools, instant notifications, and free transfers and payments.
Peter Smith, CEO, Lunar, says: “Learning to manage your own money as +15 is is a core skill that will benefit you for the rest of your life.”Our aim is to show that responsible money management can be fun and inspirational, and when our younger users turn 18, we are here to guide them further with our full product palette.”
