Leap - Youth Financial App vs Kachinga Usage & Stats

Leap's an app and card that helps build money smart kids and teens. With Leap, it's easier than ever for parents to teach their kids on how to save, spend and earn their pocket money. Leap's a very easy, intuitive app that designed from the ground up for both parents and kids. With Leap, kids can: - Pay for everyday items with their own Leap card - Track spending and savings - Set a savings goal to help keep track of the next item they want to buy - Receive automated pocket money on a weekly basis - Earn extra AED by completing tasks - Earn reward points by completing in-app financial challenges - Turn the card on or off in the app With Leap, parents can: - Send money instantly - Turn the card on or off from the app - Automate their kids pocket money - Makes monitoring kids’ spending simple - Confidence that they’ll be ready to manage their own money - Receive real-time alerts - Set tasks for their kids to complete Disclosures: The products and services mentioned on this webpage belong to Leap services as a financial technology company and not a bank. The Leap services do not offer or provide any banking or financial services either through itself or affiliated entities. The Leap services provides certain facilities for utilization of payment services through Nymcard Payment Services LLC. The “Leap” card is issued by Mashreq Bank PSC, pursuant to license by Visa. Visa is a registered trademark of Visa Inc. Nymcard Payment Services LLC is authorised by the Central Bank of The UAE, holding the Retail Payment Services and Card Schemes license in accordance with the Decretal Federal Law No. (14) of 2018 regarding the Central Bank & Organization of Financial Institutions and Activities, and Regulatory Framework.

Apple App Store
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Finance

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Kachinga

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.