When the child checks off the task as “complete” on their Revolut Junior app, parents simply have to acknowledge this on their own Revolut app and the promised reward is transferred to the Junior account. Using this feature, parents can assign a task and corresponding e-money reward to their child. Revolut Premium and Metal customers will have access to additional features on the Revolut app, such as “Tasks” and “Goals”, to inspire their children to work towards and save up for a goal. Revolut said that its customers will be able to draw parallels between the money deposited in their child’s Junior account and their own salary credits, to educate their children on the importance of earning and managing money, and demonstrate the concept of opportunity cost.Īdditionally, Revolut’s digital money tools have been adapted to make learning fun for youngsters. They will also be able to order a specially designed Revolut Junior Visa debit card for their child or ward. Revolut Standard customers can set up 1 complimentary Junior account, Revolut Premium customers can set up 2 complimentary Junior accounts, and Revolut Metal customers can set up 5 complimentary Junior accounts.
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