Revolut – Kids & Teens
App type: Finance
App overview:
• Name: Revolut – Kids & Teens
• Version: 5.80.1
• Download Size: 110 MB
• Released Date: January 25, 2023
• Developer: Revolut Ltd
• Device Compatibility: For Android Version 7.0 and up.
Revolut positions Kids & Teens as a money-management space for youngsters aged roughly 6–17, with specific features unlocking at different ages (for example, some peer-to-peer functions and transfers are only available from around 13+). It’s a sub-account tied to a parent’s Revolut account, so money flows and controls live with the adult while the child experiences a standalone app and card. Think of it as practical pocket money meets a digital piggy bank — with parental guardrails.
What is Revolut – Kids & Teens and how does it work:
At its core, Kids & Teens is a supervised Revolut account for under-18s: parents create and fund the child’s account from their own Revolut balance, set rules (spending limits, goals, recurring top-ups), and monitor activity from their own Revolut app. Kids see their balance, set saving goals, get a (physical or virtual) card to spend with, and learn to manage small sums in a lower-risk setting. Parents remain financially responsible because the Kids account is a sub-account of their Revolut account — which is important to remember if you’re comparing it to a separate bank account in the child’s name.
App interface and features:
The experience is intentionally simple and kid-friendly:
• Customisable debit cards: kids can personalise virtual or physical cards (appearance options may carry fees in some regions) and add them to Apple/Google Wallet for contactless mobile payments where available.
• Spending controls: parents can set card spending limits, restrict merchants/categories in some regions, and instantly freeze the card if it’s lost. These controls live in the parent’s Revolut app under the child’s account settings.
• Savings goals: kids can create visual goals and track progress — a neat, motivational way to teach delayed gratification. Parents can automate allowances or set recurring transfers.
• Co-parenting: Revolut allows one co-parent to be added (with some limits on reassignments per year) so both guardians can top up and view activity while one parent retains withdrawal rights. That makes family money management less of a single-person job.
• Age-dependent abilities: peer-to-peer payments and some features unlock around teen years (13+), so younger children can’t send or receive payments freely.
Overall the app looks and feels like a scaled-down Revolut — clean, bright UI, focused on simple tasks (top-up, spend, save).
Is Revolut – Kids & Teens legit and safe?
Revolut – Kids & Teens is legit and safe for users. It is a legitimate product from a major fintech, but with the usual nuance.
• Legitimacy: Revolut is a widely used fintech with licences and regulatory oversight in multiple jurisdictions; Kids & Teens is an official Revolut product with specific terms for under-18s, and the product is structured so parents retain legal responsibility.
• Safety features: parental controls, instant card freezing and spending limits reduce common risks (lost cards, accidental overspending). Because Kids accounts are tied to a parent’s Revolut account, you keep the power to withdraw or cancel and monitor activity closely.
• Important caveats: Revolut’s regulatory picture has been evolving — it has gained banking licences and e-money authorisations in different regions but has also faced regulatory scrutiny (for example, delays/issues related to full UK banking authorisation have been reported). That matters because protections (e.g., deposit insurance) vary by country and whether you’re banking with a fully licensed bank entity or an e-money provider. If you’re putting larger sums away for a child, check exactly which Revolut entity is holding the funds in your country and what protections apply.
How to get started with Revolut – Kids & Teens:
1. Adults need an existing Revolut account with KYC (identity verification). From your Revolut app, go to Accounts → add Revolut – Kids & Teens (the exact menu names vary by region).
2. Fill in your child’s details (name, DOB) and choose whether to issue a physical card or keep a virtual one. Note some personalization features or physical cards may incur a small fee.
3. Top up the child’s account from your Revolut balance or linked bank card; set a spending limit, add a savings goal, and, if needed, invite a co-parent.
4. Teach your child the basics in the kid’s app: how to check a goal, view last transactions, and request an allowance. Keep the parent app notifications turned on so you see activity in real time.
Pros and cons:
Pros:
• Great hands-on learning: visual goals, spending/allowance automation and a real card make money lessons practical.
• Strong parental controls: instant freeze, limits, and co-parenting options give adults effective oversight.
• Smooth UI and integration with Revolut ecosystem (wallets, analytics) for families already using Revolut.
Cons:
• Fund protection varies by country: because Revolut operates under different licences in different regions, deposit protections aren’t identical everywhere — check the specifics before treating it like a savings bank.
• Not a replacement for a full youth bank account in some jurisdictions: it’s a sub-account model tied to a parent’s Revolut account, which is ideal for pocket money but may not suit situations needing independent legal accounts for minors.
• Fees and feature availability differ by country and age: physical card fees, personalization fees, or certain features (peer payments, Apple Pay) may not be available everywhere or to very young kids.
Conclusion:
Revolut – Kids & Teens is a modern, well-designed tool for parents who want to teach kids real money skills without giving them free rein. Its strengths are usability and parental oversight: the controls are thoughtful, and the kid’s app makes saving and spending tangible. The biggest practical consideration is legal/regulatory nuance — protections and exact features depend on where you live — so treat the product as an excellent allowance and financial-education platform rather than a full replacement for a regulated youth bank account unless you confirm local protections. If your family already uses Revolut, Kids & Teens is a natural, low-friction next step to bring your child into the money conversation.