Acorns Early: Kids Banking 8.66.0

Acorns Early, previously known as GoHenry US, is a debit card and educational app designed to promote financial literacy among children aged 6 to 18. It offers a range of features that enable young users to learn about earning, saving, and responsible spending, all while being guided by their parents through flexible controls.

Features of Acorns Early:

• Automated Allowance: A structured weekly allowance helps children develop budgeting skills and understand the implications of spending.
• Saving & Budgeting: Children can create savings goals that parents can oversee by locking and unlocking them as needed.
• In-App Task Lists: Encourages earning potential by providing rewards for completing assigned chores.
• Bite-Sized Lessons: Engaging financial literacy lessons improve savings habits; children typically increase their savings by over 30% after completing these lessons.
• Prepaid Card: Offers practical experience with personal finances using their own debit card, with a variety of design options.
• Travel Abroad Fee-Free: Ensures ease of transactions during international travel without extra fees.
• Money Skills Unlocked: Empowers children to manage their cash flow directly through the app.
• ATM Withdrawal: Facilitates cash access through ATMs when necessary.

Parental Features:

• Quick and Easy Transfers: Provides options for scheduled allowances and instant money transfers.
• Incentivize Chores: Allows parents to set tasks for children, rewarding them for completion.
• Spending Visibility: Parents receive real-time notifications to monitor their child's spending activity.
• Flexible Controls: Parents can dictate spending limits and preferences, adjustable at any time within the app.
• For the Whole Family: Family members can contribute funds to the child’s account via Giftlinks and Relatives accounts.
• Just for You: Access valuable insights and tips in the Parent Space to enhance your child's financial education.
• Giving Made Easy: Facilitates charitable donations within the app, instilling a sense of generosity in users.

Teen-Specific Features (Parental Consent Required):

• The Account That Grows With You: Tailored features support teenagers' growing independence with a dedicated debit card account.
• Split the Bill: Enables peer-to-peer payments effortlessly through the app.
• Request Money, Get Paid: Simplifies in-person payment collection using QR codes, even from non-users.
• Savings You Control: Allows teenagers to set personal savings goals for desired purchases.
• Ready for Your Side Hustle: Supports direct deposits for earnings from side jobs for those aged 14 and up.
• Free to Pay Away: Offers fee-free international transactions for global travel.
• Map Your Spending: Provides tools to track spending behaviors through visual cash flow mapping.

The onboarding process is straightforward: sign up, download the app, establish allowances, task lists, and activate the debit card upon arrival within 5-7 days. Pricing for Acorns Early falls under a Gold subscription at $12 per month; standalone plans are available at $5 per month for one child and $10 per month for two to four children. The service has garnered over 54k five-star reviews globally across platforms such as Trustpilot and major app stores.

Please note that Acorns Early is not a bank; the Acorns Early card is issued by Community Federal Savings Bank, member FDIC, pursuant to a license by Mastercard International.

Please refer to the official website for detailed terms and conditions at: gohenry.com/us/terms-and-conditions.

Acorns Early Address:

5300 California Avenue, Irvine, CA 92617 USA