It's never too late, but it's never too early to teach kids the basics financial literacy. And one of the great ways can be a personal card, which the child will use at his own discretion.
At the same time, only from the age of 14, a minor can become the owner of the main card with a separate account. But if you want to entrust the disposal of "plastic", for example, to a third-grader, there will be no problems either. Just a child's card will be issued as an additional one to the account of one of the parents.
Baby cards
Today, only 7 Belarusian banks can offer specially designed card products for children.
| Bank | The product's name, payment system, account currency | Validity | Requirements | Release and maintenance cost | |
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"Children's" BELKART in BYN | 35 months | 0 | ||
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"Children's photo card" BELKART in BYN | 2 years | 6-18 years old, passport or birth certificate | 2 BYN - within the framework of the promotion | |
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"Card for children and teenagers" BELKART in BYN | 3 years | 6-18 years old, passport or birth certificate | 1.5 BYN for the first 3 years and 1.25 BYN - for each subsequent / for participants in the action "Children's savings program "Grow Big!" - 0 | |
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"Children's card" Visa Electron, Maestro in BYN/ USD/ EUR/ RUB | 5 years | 6-18 years old, passport or birth certificate | upon registration at the bank - 7.5 BYN / using the Internet banking or Mobile banking system - 6 BYN | |
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"Zepter Junior" Visa Electron to salary account in BYN | 3 years | 6-18 years old, passport or birth certificate | 5 BYN | |
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"Children's card" Visa Electron in BYN, USD, EUR | 4 years | 6-18 years old, passport or birth certificate | 2 BYN/ 2 USD/ 2 EUR per year | |
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Card of the young traveler BELKART, Visa Classic or Visa Gold in BYN, USD, EUR | 2 years | 6-18 years old, passport or birth certificate | BELKART - 3.99 BYN Visa Classic - 8.99 BYN/ 6 USD/ 6 EUR Visa Gold - 25.99 BYN/ 19 USD/ 19 EUR ( payroll clients- cheaper) |
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"Children's" Visa Classic in BYN, USD, EUR | 3 years | 6-18 years old, the presence of a passport | personalization - 6 BYN/ 4 USD/4 EUR + 6 BYN/ 4 USD/4 EUR per year (0 within salary projects) |
Such an alternative to cash will allow parents to control spending without any problems, simply by setting limits on transactions.
In addition, you can activate the service of SMS-informing about operations on a child card. So you will know where, when and how much money your child has spent.
And according to the "Children's Photocard" of Belarusbank and the "Children's Card" of Belinvestbank, for example, such messages are sent free of charge.
In Zepter Bank, you can get a children's card only if you have a basic salary card.
And according to the “Young Traveler Card” of BTA Bank, reports on completed transactions will be sent to your e-mail daily.
What about other banks?
But this list of banks should not be limited. Since it is more logical to issue a card in the name of the child in the same bank where there is already a salary or personal debit card, you should know that most banks will not refuse to issue you an additional card.
With some reservations.
At Decision Bank and StatusBank until the child reaches the age of 14 card will not be issued.
The prerequisite will be having a passport in a child under 14 years of age the following banks:
- BPS-Sberbank
- Priorbank
- Belgazprombank
- Idea Bank
- Bank Moscow-Minsk
- MTBank
- Francabank
- VTB Bank
And in the following banks it will fit perfectly and birth certificate:
- Alfa Bank
- Bank BelVEB
- Paritetbank
- BNB-Bank
The difference between the cards of these banks and special children's products is only in the absence of any special design. True, it is not always possible to set limits specifically for additional cards, but it is better to find out about this in advance at the bank.
Yes, most credit institutions today do not focus on "children's" cards and rarely inform about the possibility of issuing additional cards or about the conditions for opening such cards for children.
So we hope you find this information useful. And if it is important for you to control your child's expenses, feel free to issue him a bank card. After all, tracking the movement of cash is much more difficult.
A police patrol detained Yegor (his name has been changed) at an ATM. Suspicion aroused the boy's interest in this device. But having sorted out the situation, the officers of the police department let him go. And in one of the Slutsk stores, Egor wanted to pay for the purchase with a card, but the seller refused to accept it. She did not believe that the little buyer was using it legally. However, this is exactly the case: ten-year-old Yegor has a bank payment card, which his parents issued in his name. This was told to the correspondent of the newspaper "Kur" er in one of the banks, where we turned in search of an answer to the question of the reader Svetlana M. She is interested in how to issue a children's payment card, as well as the features of using it.
Funding Lessons
The stories that happened to Yegor show that not every adult knows: to have payment cards and even first graders can use them. And their parents are doing the right thing, teaching their heirs the skills of competent handling of money. But so far, children's cards only "pave the way" for girls and boys, the most common financing option for a schoolchild from family budget leftover pocket money. Moms and dads give them either for specific purposes, for example, going to the cinema with the class, or with a brief instruction: “Take it, buy something to eat at school.”
Is it so simple from the point of view of a specialist? Some practical advice readers of the newspaper "Kur" er "were given by employees of the RCC No. 42 in the city of Slutsk, a branch of Belagroprombank OJSC of the Minsk Regional Administration.
First of all, they recommend teaching the student how to use money wisely in stages. For example, giving your child pocket money less and less with age. Primary school student - daily. From 5th grade - once a week. Seniors - once a month. At the same time, the child must understand for what purposes the money was given to him, what are the conditions for their use.
This will teach the student to take thoughtful financial solutions and take responsibility for them. To dot the “i” with him is also the task of the parents. 
FIRST EXPERIENCE. Children have the right to use a bank card from the age of 6. The task of parents is to teach them the necessary operations and the rules for the safe use of "plastic". Photo: Anna Leshchenko
The right to a children's card
An excellent educator of competent handling of money, according to financiers, are additional children's bank plastic cards. What is it about? Children have the right to open their own bank account after they reach the age of 14. But already from the age of 6 they can use a bank card. To do this, parents, in addition to their main card, order a children's card from the bank that serves them. In this case, the father or mother will continue to be the owners of the account, and the child will use the additional card.
| Bank | Card type | Account currency | Cost of issue and maintenance (in rubles) |
|---|---|---|---|
| Belarusbank | BELCART | Belorussian rubles | for free |
| Belarusbank individual design | BELCART | Belorussian rubles | 80,000 (for two years) |
| Belagroprombank | BELCART | Belorussian rubles | 15,000 (for three years) |
| Belagroprombank individual design | BELCART | Belorussian rubles | 65 000 |
| Belinvestbank | Visa, Maestro | Belorussian rubles | 60,000 — registration through the Internet bank 75,000 - registration in a bank division (for five years) |
| BPS-bank | BELKART, Visa, MasterCard | Belarusian rubles, US dollar, euro, Russian rubles | from 40,000 to 1,200,000 (1-3 years) |
Everything's under control
The parent determines the restrictions on cash withdrawals and on non-cash payments for children's "plastic". He has the ability to set the amount of debit transactions for a specific period of time, control all payments made by the young cardholder. The parent can find out where, when and how much money the child spent in the account statement of the main card, as well as using SMS informing or in Internet banking.
Leonid Grigorich
In the age of innovative technologies, when any question can be asked to a smartphone, and robots began to deliver hot pizza to your home, the use of cash seems to be very outdated. The benefits of cashless payments are undeniable. Many countries have practically abandoned "cash": for example, the use of printed money in the United States is 7%, in the European Union - 9%, and in Sweden it is 3%. Belarus is also rapidly increasing the share of non-cash payments: we have been receiving scholarships, salaries and pensions on cards for a long time, almost every store has a terminal for plastic payments. Our precocious children know about the existence of cards and what to do with them.
Therefore, there is nothing surprising in the fact that children are gaining wide popularity among progressive parents. bank cards.
So, what is the advantage of a children's payment card over cash for pocket expenses?
Even with an adult in a store, a situation may arise when he is cheated and given the change incorrectly, and even more so with children. When paying by card, this problem will not arise.
- given the approaching denomination and new money, a bank card will help the child avoid confusion.
- it is more convenient to carry a small card in a backpack than a wallet with banknotes and coins. And there are much more places to hide a card than for a wallet.
- Children lose something all the time. If the wallet is lost, then it is unlikely to find it with money, and in a situation with the loss of a card, it is enough to contact the bank to block it and, accordingly, save all the money.
- thanks to the "SMS-notification" service, parents can easily track how much, where and how much money their child has spent.
- the ability to set limits on the card gives parents confidence that their son or daughter will not spend more than necessary, and the child learns to plan their expenses.
Photo courtesy of www.videogameologists.com
At what age can a child get a bank card and how to do it?
The full owner of a bank account has the right to be a person not younger than 14 years old. Therefore, up to this age, the child can only be issued additional card to the account of one of his parents. A child card can be issued when the child reaches the age of 6 years. It is more convenient to choose a bank in which one of the parents already has an account with a card issued to him (for example, a salary card). The holder of a child card is a child (his name and surname are indicated on the card).
To issue a child card to the bank, you must provide the parent's passport (who has or will have a bank card of this bank) and the child's documents (birth certificate or passport). In some banks, it is possible to apply for a children's card online using "Internet banking". The child receives the card in the presence of one of the parents.
How can parents control spending on a child card?
Banks provide the following options:
- set a spending limit by amount: for example, no more than 50,000 rubles per day;
- set a limit on the number of transactions: for example, no more than 5 transactions per day;
- set a limit on the amount of cash transactions: for example, prohibit cash withdrawals altogether. In this case, you can be sure that the child will not buy cigarettes from friends: they don’t accept cards there, and they won’t sell them to him in the store;
- connect the "Internet banking", "SMS-notification" system, receive an account statement by e-mail.
Photo from the site mykarapuzik.ru
Can a child pay with a child card abroad, for example, during an excursion?
It all depends on the type of card:
- it will not be possible to pay with the BelKart card abroad;
- Visa Electron and Maestro cards are accepted for payments in foreign stores. They are much cheaper to maintain than Visa Classic or Gold, you can’t go negative with them, online purchases are limited, you can open an account in any currency.
Currently, the following Belarusian banks issue children's bank cards:
1. JSC "Belagroprombank"
The bank offers children's cards of the BelKart-M system in Belarusian rubles with different designs for boys and girls.
The validity of the card is 3 years.
The cost of manufacturing and maintenance for the entire validity period of the card is 10,000 Belarusian rubles.
2. JSC " ASB Belarusbank»
The Bank offers a choice of 2 types of children's cards: BelKart "Children's" and BelKart "Children's PhotoCard".
BelKart "Children's" is made free of charge for a period of 35 months.
A distinctive feature of the "Children's Photo Card" is an individual design: a family or personal photo or any image at the request of the child can be applied to the front side of the card. The card is made for 2 years. The cost of its registration and maintenance during the validity period is 80,000 rubles. The service "SMS-notification" on debit transactions" for this card is connected free of charge.
3. CJSC "BSB Bank"
The bank offers to issue family card Visa systems valid for 1 year.
The cost of registration and annual maintenance of a Visa Electron card is 35,000 rubles, Visa Classic - 150,000 rubles.
The conditions for issuing a card allow you to restrict a child's access to cash money.
The bank currently has free service banking delivery payment card home.
4. CJSC RRB-Bank
The children's card of CJSC "RRB-Bank" of the Visa Classic system is issued for a period of 3 years. Registration cost - 60,000 rubles, annual maintenance - 60,000 rubles.
5. OJSC "Technobank"
A children's card of Technobank OJSC is issued free of charge for a period of 4 years. Annual maintenance is 20,000 rubles ($2/EUR depending on the currency of the account). It is possible to set a ban on cash withdrawals on the card.
6. JSC "Belinvestbank"
The bank offers two types of cards: Visa Electron and Maestro. They are valid for 5 years. The issue and maintenance fee is 75,000 rubles, and when issued through the Internet bank - 60,000 rubles.
Of course, parents whose children study in schools participating in the project " electronic cards student”, there is no need to issue a children's bank card. The student's card performs several functions, including the functions of a bank payment card. But since not so many schools are connected to the project, and all of them are from the capital, children's bank cards can be an excellent substitute for pocket money.