A new FamZoo parent asked me:
“How can I make same-day deposits to my kids cards? If there were an emergency, for example, and they needed money immediately, is there a way to get money from my bank to their cards right away? Up to 3 business days for a bank transfer seems a little ridiculous.”
Agreed. Up to three business days is indeed ridiculously slow. We can thank the killer combo of fraudsters and crusty old bank technology for that. But I digress...
Are you a Venmo user? Check out this instant reload option.
Most FamZoo parents deal with the emergency cash issue the way I did with my 5 kids: I kept an ample buffer on my parent card so I always had excess funds on hand for an instant card-to-card transfer whenever a financial crisis cropped up.
Then, I’d initiate a reload whenever my card balance dipped below a low water mark. Turning on activity alerts for my Bank of Dad card made it easy to know as soon as the threshold was crossed.
Eventually, I got a bit smarter though.
Newer Posts
