Welcome to Go Henry Review
I have been using Go Henry for nearly three years now and it has become central to helping us teach our children how to mange their finaces better. How to budget, save and use electronic money systems. I have put together a Go Henry review site with all the facts and information that you will need to get started.
Go Henry Features
|Maximum One Off Card Load||£500|
|Cost of Closing the Account||FREE|
|Contactless Visa Debit Card||YES|
|Visa Debit Card with PIN||YES|
|Monthly Fee Per Child||FREE TRIAL|
|Load from Bank Account||50p|
|Load from Debit Card||50p|
|Maximum Loads Per Day||3|
|UK Card Usuage Fees||FREE|
|International Card Usage Fees||2.75%|
|ATM Withdrawal Fee - UK||FREE|
|ATM Withdrawal Fee - Abroad||£2|
|Maximum Withdrawal Amount||£120|
|Withdrawal Daily Limit||£120|
|Maximum Spending in One Day||£4000|
|Maximum Account Balance||£6000|
What is a Go Henry Card?
Go Henry is a smartphone app, website and contactlass VISA debit card, that helps parents teach their children and teenagers how to manage their finances.
Go Henry Debit Card
The cheque is now virtually unused and buying things with cash is on the decline. I wonder if our children will be the first generation to use electronic money systems, more than cash? The difficulty is that spending on plastic and microchips can easily lead to unmanageable amounts of debt.
This is where the Go Henry debit card has really helped us as a family and why I wanted to write a Go Henry review, as I believe they are helping to provide financial education to our children, in a fun and practical way.
As a parent of two children aged 10 and 12, I feel I have a responsibility to prepare them to manage their finances. Go Henry has a website with full reporting and a simple to use interface for setting up the parameters for each child. I can easily set up controls and allowances and they can only spend what I permit them to spend. They can also earn extra pocket money, I simply add it to their account using my smartphone, at the click of a button.
If your child or teenager has a smartphone, tablet or iPod, then they can also access the smartphone app. The app contains a list of tasks or household jobs that they can perform to earn extra money. The app also shows them instantly where they have spent their money and what they have left to spend.
Pocket Money Apps
Go Henry also sends you an alert whenever your child or teenager makes an in-store purchase or withdraws money from a cash machine. If they lose their bank card, then at the click of a button the card can be blocked, either by you or your child/teen.
It's an amazing tool that has helped us to educate our children about money, and how to be responsible with it. So much so that we thought we would put together a blog to help other parents and to share our experiences.
Go Henry Card Reviews
Before making my decision to sign up with the card I read numerous Go Henry Card Reviews but at the time struggled to find one that went in to enough detail. This was the main reason for building this website as I wanted to make sure that I shared the benefits of using the card as a parent. There are numerous Go Henry Card Reviews out there now so it's less of an issue.
Go Henry Card Review - What I have learned over the past two years
Time flies by and when I first started to use the card my eldest son Isaac was 10. Now he is 12 and started high school. We load his card with his bus fare and lunch money. He can decide to ride his bike to school instead and take sandwiches and therefore keep the money. Hopefully this is helping to teach him to be responsible with his money, if there are ways you can save, then it's a good thing.
It has worked that well we will probably do the same with our younger son Jonathan.
Go Henry Card Design
An addition that they added quite recently was the ability to customise the card. The original Go Henry Card Design was a little boring, so the fact that the card can now be customised adds a little bit of personality.
Go Henry Monthly Fee
As you can imagine it takes a lot of resources to provide this facility in a secure way. The team at Go Henry have really put some great ideas in to their product. So there is a Go Henry monthly fee to consider, but there is no need to part with an cash initially, as there is a free trial available.
Once the trial is over the Go Henry Monthly fee will be £2.49 per month.
How Does Go Henry Work?
How does Go Henry work you may ask, quite easily. There is a smartphone app, a website, parental controls and a contactless debit card. You simple load funds in to you child's Go Henry bank account and they are free to use the card however they want, so long as how it works complies with the parental rules that you put in place.
There are other options that we have tried out and tested which we have also included in the blog. Hopefully or Go Henry or Osper blog post will be of some use to you. To summarise Osper always seems to be catching up to Go Henry but they are gaining ground quickly and it's a reasonable alternative.
DISCLAIMER - THIS IS AN INDEPENDENT WEBSITE
WITH NO OFFICIAL CONNECTION WITH GO HENRY.