GoHenry edges closer to grown-up banking with paycheck deposits for teens
Help for those with paper rounds and Saturday jobs.
Childrens’ debit card GoHenry is today upgrading its account for older teens with the ability for employers to deposit directly into the account.
Previously cheques or salaries would have to be paid into a parent’s account, and then transferred across, but no more.
“Introducing kids at an early age to all of the options they will have as they enter the workforce once independent is important to their overall financial health,” said GoHenry’s president and co-founder Dean Brauer.
“As we continue to become a more cashless society, responsible money management as early as possible will help kids as they become more financially independent.”
The question now is to wait and see whether GoHenry continues to advance its teen account to encroach into the world of ‘grown-up banking’.