Key Features

FamZoo delivers prepaid cards and a financial education for kids.
All in one award-winning family finance app.

FamZoo is designed specifically to:

1. Save busy families time and hassle when managing money.

2. Teach kids critical financial skills through hands-on experience.

Here are just a few of the key capabilities in each area.

For a full list of FamZoo capabilities, browse our FAQs


Family Convenience
Parent and child roles.

Parent/Child Roles

Parents control accounts and money rules. Kids see just their own accounts with controlled access.

Details

Transfer from parent to child card.

Instant Transfers

Move money instantly between family member cards.

Details

Allowance form.

Scheduled Transfers

Automate recurring transfers between family member cards - e.g., allowance.

Details

Activity alert settings.

Activity Alerts

Alert parents and children about card activity and remaining balance in real time.

Details

Lock confirmation dialog.

Lock/Unlock Card

Temporarily prevent use of card for protection or for a “financial time-out”.

Details

Money request screens.

Money Requests

Automate and track requests for money with a text-message based approval process.

Details

Reimbursement screens.

Reimbursements

Automate and track reimbursement of family expenses with a text-message based approval process.

Details

Decline information screen.

Detailed Decline Info

Show specifics on why each decline occurs and what action to take.

Details


Financial Literacy
Checklist settings and list view.

Payment Checklists

Schedule chores and odd jobs tied to rewards or penalties.

Teach kids the value of a dollar and the connection between money and work.

Details

Spending and giving cards.

Spend, Save, Give Accounts

Separate funds into multiple purpose-driven accounts.

Teach kids to assign a purpose to each dollar with simple envelope budgeting.

Details

Split settings.

Payment Splits

Split payments for allowance, chores, odd jobs, etc. between multiple accounts.

Teach kids to withhold savings and donations before spending. Pay yourself first!

Details

Savings interest settings.

Parent-Paid Interest

Define and automatically pay your kids an “interesting” savings interest rate.

Teach kids the power of compound interest in a time-frame they can appreciate.

Details

Savings goal settings and screens.

Savings Goals

Set savings goals, make savings projections, and track progress.

Teach kids to set, track, and achieve financial goals.

Details

Automatic debit settings.

Family Billing

Schedule automated debits to charge kids for their share of recurring family expenses.

Teach kids that typical shared family services like cell phone data plans are not free.

Details

Loan settings and screens.

Informal Loan Tracking

Track the repayment of money loaned to kids with a parent-defined loan interest rate.

Teach kids that borrowing money costs money and impacts other priorities.

Details


Parent/Child Roles

Parents control accounts and money rules. Kids see just their own accounts with controlled access.


Instant Transfers

Move money instantly between family member cards.


Scheduled Transfers

Automate recurring transfers between family member cards - e.g., allowance.


Activity Alerts

Alert parents and children about card activity and remaining balance in real time.


Lock/Unlock Card

Temporarily prevent use of card for protection or for a “financial time-out”.


Money Requests

Automate and track requests for money with a text-message based approval process.


Reimbursements

Automate and track reimbursement of family expenses with a text-message based approval process.


Detailed Decline Info

Show specifics on why each decline occurs and what action to take.


Payment Checklists

Schedule chores and odd jobs tied to rewards or penalties.

Teach kids the value of a dollar and the connection between money and work.


Spend, Save, Give Accounts

Separate funds into multiple purpose-driven accounts.

Teach kids to assign a purpose to each dollar with simple envelope budgeting.


Payment Splits

Split payments for allowance, chores, odd jobs, etc. between multiple accounts.

Teach kids to withhold savings and donations before spending. Pay yourself first!


Parent-Paid Interest

Define and automatically pay your kids an “interesting” savings interest rate.

Teach kids the power of compound interest in a time-frame they can appreciate.


Savings Goals

Set savings goals, make savings projections, and track progress.

Teach kids to set, track, and achieve financial goals.


Family Billing

Schedule automated debits to charge kids for their share of recurring family expenses.

Teach kids that typical shared family services like cell phone data plans are not free.


Informal Loan Tracking

Track the repayment of money loaned to kids with a parent-defined loan interest rate.

Teach kids that borrowing money costs money and impacts other priorities.

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