Cash payments are gradually giving way to non-cash payments. We figure out whether it is worth issuing a child's first bank card and what opportunities it opens up for children and their parents.

What does a parent or guardian need to do to get a card for a child?

1. Come to the bank branch with your passport, bank card and child's birth certificate and write an application for issuing an additional children's card. Some banks offer to apply for a card online.
2. Immediately in the bank to issue consent to conduct operations on an additional card. Without the written consent of the parents, the bank may block transactions on the child's card.
3. Wait for a call or SMS about the readiness of the card. Card issuance takes from 1 to 14 days.
4. Pick up the card at the bank branch and hand it to the child.

How to keep your child from spending too much?

Limit expenses. In a mobile application, through an online bank or at a bank branch, parents can set a spending limit on an additional card for a day, week or month.

Restrict in use. You can ask the bank to disable the ability to freely pay with an additional card on the Internet. Every time a child tries to make an online purchase, parents will receive an SMS with a transaction confirmation code. Parents can also prohibit withdrawing cash from the card and transferring money to other cards or accounts.

Control spending. Parents will be able to track their child's spending in the mobile app and in the online bank, as well as connect SMS notifications about each transaction to their phone number.

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