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- Kachinga Vs. Jassby: Debit Card for Teens
Kachinga vs Jassby: Debit Card for Teens Usage & Stats
Kachinga™ helps parents raise financially smart kids by combining an intuitive allowance, chore, and savings management app with a secure debit card for kids with parental controls to provide critical real-world money experience.
Kachinga empowers kids by giving them age-appropriate ideas how to earn money and the freedom to make their own money decisions in a safe and controlled environment. And gives parents peace of mind by making it super easy to transfer money (no more trips to the ATM!), providing transparency and controls for kids’ spending, and delivering personalized financial literacy guidance and tools to help teach kids how to manage money responsibly.
Kachinga uses a reloadable debit card which means kids can only spend what parents put on the card. This means no overspending and no unexpected overdraft fees. Ever.
FOR PARENTS – CONVENIENCE & PEACE OF MIND
- Automate allowances & paid chores
- Instantly transfer money to kids’ cards
- Manage paid & unpaid chores
- Get real-time spending & chore notifications
- Set parent-paid interest rates for all savings
- Automatically match funds for each Save goal
- Turn card on/off from the app
- View kids’ account histories & trends
- Invite others to contribute to kids’ Save goals
FOR KIDS & TEENS – FREEDOM & RESPONSIBILITY
- Use their own app to manage their money
- Track Spend, Save & Give account balances
- View & manage chores
- Request paid chores
- Create savings & giving goals
- Shop online & in stores with their own card
- Use Apple Pay
- Turn card on/off from the app
- View account history & trends
SECURITY YOU CAN COUNT ON
- No hidden fees & no overdrafts mean no unwelcome surprises
- Accounts are FDIC insured through our partner Sunrise Banks, member FDIC
- Bank-grade encryption & authentication; we never store Social Security numbers
- Highly secure data management & strict data privacy; we never sell your data
- Fingerprint & Face ID lock to ensure privacy & security
- Automatically blocked categories for non-age appropriate spending
- Parents can choose if or how much money a kid can withdraw from ATM
Kachinga offers two subscription options:
- Real Money (Free for 1 month, $36/year per child): Transfer money to your child's Kachinga reloadable debit card to provide critical real-world experience.
- Virtual Money (Free): Manage & track money you're holding elsewhere for your kids. Perfect for younger kids!
Learn more at https:/kachinga.com.
- Apple App Store
- Free
- Finance
Store Rank
- -
Jassby is a convenient and easy to use app for families. Manage chores, send allowances or simply reward your kids for a job well done. Teach them the sound habits of saving, giving, and spending responsibly. Empower them with financial freedom and guide them as they grow.
Jassby offers tools that you can use to provide your kids with real earning experience. You can set up a weekly allowance and assign household tasks with specific financial incentives. In turn, your kids can propose their own earning opportunities. With Jassby, you can reinforce the association between work and financial reward, in a fun and easy way.
Debit Cards are a versatile payment method and kids will benefit from the freedom of having their own debit card for purchases as they learn to become more comfortable spending and managing money. Kids can stick with a digital card, order a physical card, or use a combination of the two. Regardless of your preference, the Jassby Debit Card can be used online or in-stores anywhere Mastercard is accepted.
Individuals learn in many different ways, and learning about finance is no different. Kids will have the opportunity to increase their financial literacy through courses, videos, quizzes, games, and real-world experience with Jassby.
HOW JASSBY WORKS:
CHORES & ALLOWANCES
- Jassby lets you give your kid incentives to do household chores, get good grades, and achieve goals.
- Your child can request to do a chore so they can earn a little extra.
- Set up a weekly or monthly allowance with Jassby, and never forget again!
DEBIT CARD
- Kids can purchase anywhere with our Debit Card, while you control how they spend it from your phone.
- The Jassby digital card is accepted wherever Mastercard is accepted and may be used online and in-person, at retailers accepting contactless payment.
- An optional physical card is available upon request.
- Parents receive spending notifications in real time, so you will know where your kids are spending money, with the ability to pause or cancel the card remotely.
PARENTAL CONTROLS
- As the parent, you control how much money is available for your kids to spend. Our Spending Limit feature allows you to set limits per transaction, per day, and per month.
- Want to lock your child’s debit card? Our in-app feature allows you to lock and unlock your kid’s card in an instant.
FINANCIAL LITERACY
- Age-appropriate courses and games help kids increase their knowledge of key financial concepts.
- Kids receive feedback on their progress with the proprietary Jassby Financial Literacy score as they complete tasks and improve their financial skills.
Our debit card for teens uses your kid’s savings, chores, donations and more to calculate the score.
JASSBY REWARDS PROGRAM
- Kids earn points and redeem for money!
- Earning points is easy; log in daily; complete chores, make a donation, send money to to others and more.
- Jassby Rewards points can be redeemed in any amount over 100 points.
TRANSPARENT STATEMENTS
- Your Jassby statement displays all of your family's account activity on a single screen.
- See what your kid bought, when he bought it, what it cost, and more.
- See your kids' shopping history and seasonal categories to take the guesswork out of gift-giving.
SECURITY
- We use the latest encryption technology combined with biometric authentication to lock out unauthorized use.
- Your payment info is never shared with retailers or credit bureaus.
Suggested for kids 13 and older.
Go Jassby. Be Happy!
The Jassby card is issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard International Inc.
- Apple App Store
- Free
- Finance
Store Rank
- -
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Kachinga VS.
Jassby: Debit Card for Teens
December 27, 2024