Does your teenager ask you for more independence and would like to be able to pay for their purchases like you, by bank card? Discover Ma French Bank’s WeStart account for young people and their parents.
Managing an account and a bank card is an important step in empowering a teenager. But be careful not to put yourself in financial danger.
A subsidiary of La Banque Postale, Ma French Bank has a WeStart offer at 2 euros per month specially designed for teenagers aged 12 to 17. With this bank account, minors can have their own bank card without taking any risk. Overdrafts are prohibited and the ceilings are set by the parents. In addition, they can keep an eye on all their children’s expenses via the application. WeStart of My French Bank.
Bring more autonomy to your teenager
Although the WeStart bank account is specifically dedicated to 12-17 year olds, it works like a standard bank account without an overdraft authorization. However, it offers parents increased visibility and control of operations.
Allowing them to keep an eye on their child’s account is all the more important as the WeStart offer includes an international Visa bank card. It allows teenagers with this type of account to pay for their purchases in France and abroad. This is a major asset when they have to go on school trips, for example.
Beyond offering a real means of payment to young people, this account stands out from other offers by all the features offered within the Ma French Bank WeStart application.
Available on Android and iOS, it allows teenagers to manage their account like an adult and:
- view their balance in real time, as well as the history of their transactions;
- repay friends by making a SMS transfer ;
- ask parents for pocket money by SMS if needed;
- block their card in the event of theft or loss;
- recover the secret code of his bank card in case of forgetfulness.
Parental control to limit the risks
If, thanks to WeStart, teenagers can safely discover how a bank account works and take a first step towards adult life by offering themselves, for example, a ticket to the cinema or a lunch at a restaurant, parents have access total in account.
With WeStart, they benefit from their own interface on a dedicated application with, on the program:
- visibility over the entire account and transactions carried out;
- the possibility of funding the account in a few clicks by bank card;
- managing the withdrawal and payment limits for their child’s Visa card;
- blocking the credit card in the event of theft or proven loss.
Pocket money then takes on a completely different dimension than with cash. It’s a good way to empower them before adulthood.
A low-cost bank account that is quick to open
Although the WeStart offer is complete and accompanied by an international Visa card, it remains very affordable and costs only 2 euros per month. No additional fees are charged, knowing that even card payments and withdrawals made abroad are free.
If the management of the WeStart account is simple and practical, its opening is just as much. Everything is done online, directly from the online banking website or at a post office. All you have to do is send the proof of identity of the parents and the child concerned, as well as a copy of the family record book. The bank then asks you to sign the contract electronically and that’s it!
It remains only to install the application on your smartphone, as well as on that of your child. If necessary, for any question relating to the operation of the account or the application, the Ma French Bank teams are available by telephone, by chat, as well as on social networks.
This is content created by freelance writers within the Humanoid xp entity. Numerama’s editorial team did not participate in its creation. We are committed to our readers to ensure that this content is interesting, qualitative and corresponds to their interests.
