There are life-long benefits in educating children about money, such as gaining a clear perspective on the positive as well as the negative aspects of money. However in a cashless world, it has become increasingly harder to efficiently teach young children about money as they do not have access to their bank account.  Family banking as a segment is a very important one for financial institutions. Through guidance, advice and influence in helping their customers of all ages to achieve their life goals, an outstanding depth and durability of customer relationships will be achieved.  

• Parents can add and view members of the family.
• They can see kids’ account balances, transactions and also add money to the kids’ account in real-time.
• Parents can choose conditions to help their children in their saving goals by e.g. assigning chores.