Verizon Family Money 4+

Teach kids money skills

Verizon Wireless

    • 4.6 • 268 Ratings
    • Free

iPhone Screenshots

Description

Get ready for a world where kids take charge of their future. The Verizon Family Money app and prepaid debit card let kids earn, save, spend, and become money-savvy. This app is the perfect way to help kids learn the ins and outs of family money, while parents sit back and watch them succeed.

Not an existing Verizon customer? Not a problem, you do not need to be a Verizon customer to sign up for Family Money.
Reward kids for doing their chores or set up an allowance, all within the app. Need a little extra control? Parents can set spending limits and rules, and even lock cards as needed. And as your kids start to master their money goals, you can watch the impact they’re making with detailed stats and see their financial knowledge grow.

Make way for the money-savvy kids. Because, ready or not, here they come.

Features include:
- Link parent’s checking account(s) for easy transfers
- Automate allowances and create chores that kids can complete to earn real money
- Manage up to 5 kids, who each get their own prepaid debit card
- Teach kids how to budget wisely and save more in their virtual Vault
- Access personalized insights, set alerts and spending limits to stay in control
- Tools to start your kids off right with money management— all in one app

Find details, the Terms of Service, Privacy Policy, fees, Cardholder Agreement, and other important terms at www.verizon.com/solutions-and-services/family-money/

The Family Money Prepaid Card is issued by Metropolitan Commercial Bank (MCB, Member FDIC) pursuant to a license from VisaⓇ U.S.A. “Metropolitan Commercial Bank” and “Metropolitan” are registered trademarks of Metropolitan Commercial Bank ©2014.

The Program Manager for the Family Money Prepaid Debit Card Program offered by MCB is Verizon Wireless. Copyright © 2021 Verizon Wireless. All rights reserved.

What’s New

Version 1.11.1

Share the wealth with our brand new refer a friend program, as well as a lot of other app enhancements.

Ratings and Reviews

4.6 out of 5
268 Ratings

268 Ratings

TLyn Creative ,

So far so good - one thing

Money takes forever to transfer from your linked bank. Also, if a chore is missed you can’t update it after that task changes to missed. It’s annoying! UX team needs to keep the edit button available on the chore after it’s marked missed.

BriannaD27 ,

Great app if you have patience

My 13 and 16 year old asked to try this app for their allowances. I think we signed up on a Sunday and I got messages on Monday that their cards were shipped and on their way. It took about 9 days to receive them, which isn’t too bad considering how behind everything is nowadays. The app itself is pretty straightforward and easy to use. I like that you can assign chores but also have the option to just transfer funds without having to assign anything. That came in handy when my kids handed me cash and asked me to put it on their cards. This is where my only problem with the app lies. If you have money in your account, a transfer to your child is instant. That’s great! But getting money transferred from your bank into your account takes forever! I submitted a bank transfer on Saturday. The money was taken out of my checking account Thursday. Today is Friday and it still hasn’t shown up. Based on past experiences, it will probably show up tomorrow. I’m just not sure why it takes over a week for an electronic transfer. I learned quickly to make sure I do a transfer well before I actually need to just to make sure I don’t run out of money in my account. My kids love this app and their new cards so chances are I’ll be keeping it. I’m just really hoping they eventually speed up the transfer time.

Developer Response ,

We understand your concern. If you note an issue with the app or have any specific questions then email us at support@familymoney.verizon.com with 21F0021 in the subject line.

Nexus976 ,

Bad app, service and functionality! Use others

Like everyone else who downloaded this app, you were likely hoping for a way to help your children keep track of chores, track allowances and their spend and wrap it up in a easy to use interface with features. Verizon Family Money does not do any of these well. First off, adding money to your family money “vault” so you can transfer to their spend cards takes over a week! Maybe that’s not the apps fault but the kids went from being excited to disappointed that the chores they had done couldn’t be paid out. Secondly, you can schedule allowances but YOU CANNOT SCHEDULE CHORES! That’s right! Let’s say you want your kid to take out the trash every day. You’d need to create that chore EVERYTIME you want them to do so, because once they’re done and check it off the list in the app… there’s no getting it back! This is a dealbreaker for me, and a necessity on day one for an app like this. I wanted to incentivize recurring scheduled chores, not just list one offs and schedule allowances. Why would anyone pay $6 a month for this? It’s obvious that Verizon didn’t have a clear vision for this and is likely treating it like a feature of they can bundle with one of their other 5000 services they sell. I am cancelling my trial and trying out other better established and designed family money and chore management apps out there.

Developer Response ,

Thanks for suggesting how we might improve the experience. Feel free to reach us at support@familymoney.verizon.com with "App Review 21FM0001" in the subject to elaborate or add other suggestions.

App Privacy

The developer, Verizon Wireless, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Location
  • Contact Info
  • User Content
  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary, for example, based on the features you use or your age. Learn More

More By This Developer

Business
Productivity
Business
Lifestyle
Utilities
Utilities

You Might Also Like

Finance
Finance
Finance
Finance
Finance
Finance