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Days To Reload? My Kid Needs Money Now!

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...

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.