Revolut Junior adds ‘co-parents’ to help keep an eye on the little ones

By Oliver Smith on Wednesday 25 November 2020

Digital Banking

Fintech for the whole family.

Revolut Junior adds ‘co-parents’ to help keep an eye on the little ones
Image source: Revolut Junior.

Multiple parents can now keep an eye on their kid’s Revolut Junior account as the fintech has added support for ‘co-parents’.

The feature means a lead parent, who must be a paid Revolut subscriber, can now add another family member, carer or guardian to oversee their kid’s account.

“We have made sure that those with unconventional or multigenerational families will also be able to use this, so not only parents but grandparents, carers or members of their wider family can also support their child through their financial education with Revolut Junior,” said Felix Jamestin, head of premium product at Revolut.

Revolut says over 270,000 Revolut Junior accounts have been opened since it launched in March, and the app recently debuted in Australia with plans to launch in Singapore and Japan shortly.

Revolut Junior is a standalone app for kids between 7 and 17-years-old, which requires a parent with a Premium (£6.99/month) or Metal (£12.99/month) Revolut account to open.

Parents, and now co-parents, have full visibility over the Revolut Junior account as well as the power to help set up tasks, goals, and topping up allowances.

When a Revolut Junior account holder reaches 18, they can upgrade their Junior account into a fully-fledged Revolut account.

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