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.

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/Child Roles Parents control accounts and money rules. Kids see just their own accounts with controlled access. Details
	Instant Transfers Move money instantly between family member cards. Details
	Scheduled Transfers Automate recurring transfers between family member cards - e.g., allowance. Details
	Activity Alerts Alert parents and children about card activity and remaining balance in real time. Details
	Lock/Unlock Card Temporarily prevent use of card for protection or for a “financial time-out”. Details
	Money Requests Automate approval and tracking of requests for money. Details
	Reimbursements Automate approval and tracking of expense reimbursement requests. Details
	Detailed Decline Info See specifics on why each decline occurs and what action to take. Details

Financial Literacy
	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
	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
	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
	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 Goals Set savings goals, make savings projections, and track progress. Teach kids to set, track, and achieve financial goals. Details
	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
	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

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

Move money instantly between family member cards.

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

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

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

Automate approval and tracking of requests for money.

Automate approval and tracking of expense reimbursement requests.

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

Schedule chores and odd jobs tied to rewards or penalties.

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

Separate funds into multiple purpose-driven accounts.

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

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

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

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.

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

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

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.

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.