Children's bank card from MTB Bank • For children from 6 to 18 years old

Benefits

Conditions

Pocket money for your child - on a card from MTB Bank!

For a child it is:

real adult card - a pass to the world without cash,
a way to learn how to manage money and feel independent,
financial literacy from childhood.

For parents it is:

supervision of all operations on the child's card using SMS banking or an application,
the ability to set a clear limit for cash withdrawals and non-cash transactions,
a way to teach your child how to spend money safely and responsibly.

Children's card is issued to children aged 6 to 18 years as an additional card to the account of one of the parents - clients of MTB Bank.

Benefits

A great way to teach a child to be independent and increase his financial literacy;

Control over all operations of the child using SMS banking and Internet banking / mobile banking;

The ability to receive funds from an ATM;

To make purchases by bank transfer through a POS terminal of any bank without charging a commission in trade and service enterprises, both in Ukraine and abroad;

Make payments on the Internet;

The ability to set a limit on the card (thus, parents can be sure that the child will not spend more than the established limit):
- to receive cash per day or per month;
- for non-cash transactions per day or per month.

Contactless payment for purchases with GooglePay / ApplePay;

Secure internet payment service 3D Secure;

Use of additional features, services and benefits that are available to the main owner - one of the parents.

To apply for service package fill out an application and our officer will soon contact you

Fill out an application

Conditions

Warnings and possible consequences

The client has the right after the termination of the agreement on the provision of banking services, including in connection with the expiration, termination or execution of such an agreement, to contact the bank with a request for information (certificate) related to the fulfillment by the parties of their obligations established by the contract, including information (certificate) about the absence of debt and the fulfillment of the client's obligations under the contract in full, which the bank provides in the form of a paper or electronic document (at the choice of the client ) within five working days from the day the bank receives such a request.

FAQ

Frequently asked questions

What Opportunities Does a Bank Card Provide for Children?

A children's card enables children to learn how to manage their own finances, manage their money rationally and control their expenses. Parents can monitor all their child's transactions via SMS banking or mobile app. They can set limits on cash withdrawals and non-cash transactions, which allows them to control their child's spending.

You can easily withdraw cash from ATMs, make cashless purchases through POS terminals and pay online. You can make contactless payments using Google Pay or Apple Pay. Furthermore, you can also use 3D Secure, a secure online payment service that provides an additional level of protection for online purchases.

What Options Are Available in Parental Control?

Parents can receive notifications about every transaction made with their child's card. This allows you to be aware of all financial expenses and actions of the child in real time. Parents can set a clear limit on cash withdrawals from ATMs and cashless transactions. This helps to control expenses and prevent excessive spending.

Managing parental control over an MTB Bank card helps to teach your child to spend money safely and responsibly. Regulation of limits and monitoring of financial transactions contributes to the formation of financial literacy in the child.

How to Top Up a Child’s MTB Bank Card?

A children's card is not a separate bank account, but an additional card linked to the parents' account. It is a convenient and safe way to teach children financial literacy and responsibility for their own expenses.

The principle of a child's card is quite simple: parents top up their main card and then allow their child to spend a certain amount. This amount can be limited to avoid excessive spending. The child can use these funds for purchases in physical stores or for online purchases, but only within the limits set by the parents.

How Much Does It Cost to Make a Bank Card for a Child?

A child card can be issued only at a bank branch at the rates of the tariff package to which this additional card is issued. Some packages may offer the issuance of a children's card absolutely free of charge. However, there are also tariff packages where the issuance of a child card is a paid service. Issuing a child card is usually relatively quick and easy. The child will receive a card whose class will correspond to the class of the main card of one of the parents.