In order to transfer and manage money on your child's balance, you must first transfer money to your parent balance.
The parent balance acts as a kind of "buffer" for when you need to transfer money to your child — for example, when they've solved a task.
You can either choose to transfer money manually every time there is no money on your parent balance, or you can choose to top up your parent balance automatically - via Auto top-up.
In any case, you transfer money to your parent balance via an ordinary online payment.
The child's balance is your child's total pocket money. It's their MyMonii savings. It grows with transfers of pocket money and tasks performed. And get smaller if mom or dad has laid out something and deducts the money. Or if you use your MyMonii Visa card online or in stores.
However, keep in mind that your child may not be able to spend all the money on the balance. It depends entirely on what you have set the weekly spending limit at.
It takes only a few minutes to bring the family together
MyMonii VISA debit card is issued by Wallester AS. Wallester AS is a payment institution and principal member of VISA that has a valid license from Estonian Financial Supervision and Resolution Authority to provide payment services to providers. The VISA brand is a group of registered trademarks of VISA Europe Services LLC
