Till Financial Review

Is Till Financial legit and safe for kids? Find out how a Till debit card compares to competitors like Greenlight and GoHenry.

	New User: $25 Bonus using the voucher code CREDITDONKEY Get Deal
	Overall Score	3.9
	Savings	3.0
	Minimum Deposit	5.0
	Checking	3.5
	Price	5.0
	Mobile App	4.5
	Customer Service	2.5
	Ease of Use	5.0
	Education	2.5

5-point scale (the higher, the better)

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Pros and Cons

• No monthly fees
• Supports multiple family members
• Create savings goals

• No cash deposits
• Limited parental controls

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Bottom Line

Good free money management app for kids, but on the basic side

Teaching kids about money used to be so simple. Money goes in the piggy bank, and doesn't come out until the piggy bank is nice and heavy.

But managing money in the real world is a lot more complicated.

Till aims to help by teaching your kid how to save and spend money wisely. Does Till live up to its claims? Check out the pros, cons, and customer complaints for Till Financial.

What is Till Financial?

Till Financial is a debit card and banking app designed to help kids make smarter spending decisions. The company describes itself as a collaborative financial tool for families. Parents can transfer money, assign chores, and track their kids' spending.

Till was founded in 2018 by a team of entrepreneurs and dads: Tom Pincince, Taylor Burton, and Brian Chemel. Launched in April 2021, the platform has raised more than $6 million in total funding.^[1]

Before reading about Till's features, take a look at the quick details to see if it's right for your family:

Till Financial Key Features

Till's main offering is a reloadable debit card for kids, which can be fully managed from the Till Financial app. Below, see how these features work and how they could help your kid learn about money.

Till Debit Card

Till offers a free, physical debit card for your kid to spend online and in stores. The card supports convenient chip and contactless payments.

A handy feature is that if your kid misplaces their card, you can "freeze" it on the mobile app (more on this below). Then, you can use the virtual card on the app until your replacement comes.

Kids can also use the debit card to withdraw money at any ATM that accepts Visa cards. You'll have to find an in-network ATM through the app to avoid fees.

Till doesn't charge fees for out-of-network ATMs, but the ATM network most likely will.

Till Mobile App

The Till app is available for Android and iOS.

Like most banking apps for kids, Till offers two different app experiences for children and adults. Kids can view their balance, create savings goals, complete chores, and request money. Parents can monitor their kids' spending and send money in a few interesting ways.

Through the parent app, you can:

• Send one-time payments
  
• Set up recurring payments
  
• Match a percentage each time your kid moves money to their savings
  
• Pay interest to simulate interest earned on a savings account
  
• Assign chores for your kid to earn an allowance
  
• Approve all money transfers

You can also add other family members to your account, such as a spouse or grandparent. They'd be able to view your kid's balance and send them money. As the account owner, you have the final say. You can approve or deny any transfers requested by your kid or a family member.

The app doesn't offer educational content like quizzes or short videos. But the features it does have can teach kids valuable lessons about saving and compound interest.

Till Parental Controls

Parental controls are pretty minimal with Till. Parental approval is needed each time your kid wants to move money to or from their savings. As mentioned above, you can also approve or deny any transfers between your kid and other family members on the account.

Beyond this, there isn't much you can do to limit your kid's spending.

If your kid is new to managing money, they might make a few poor choices at first. Mistakes can absolutely turn into good teaching moments. But some parents might feel more comfortable with an app that supports customizable spending limits.

On the other hand, Till could be a great choice if you want to empower your kid to make their own decisions.

How much does Till Financial cost?

For the most part, Till Financial really is a fee-free banking app for kids.

There are no monthly fees or maintenance fees of any kind.^[3] You can also open accounts for multiple kids in your family with no additional fees. Since you can't overdraft the account, there are no overdraft fees either.

There are only three fees that Till charges:^[4]

• International ATM withdrawal: $5
  
• Foreign transaction fee: 3%
  
• Instant transfers using a debit card: 3%

Unless you plan on using the card overseas, these fees should be pretty easy to avoid.

Till Customer Service and Reviews

Access to customer support is limited. If there's an urgent matter regarding your account, this could be problematic.

Till customer service is available by phone and by email. You can email their support team at support@tillfinancial.com.

Till doesn't offer customer support in person or through chat.

Till mobile app has a solid rating of 4.7 out of 5 on the Apple App Store and a rating of 4.6 out of 5 on the Google Play Store. There are 3.1K ratings on the Apple App Store and 717 reviews on the Google Play Store.

One of the most common complaints is the slow bank transfer times. Some customers report needing to wait 5 days before money is posted to the account.

Overall, the Till app seems to be well-liked despite the long processing times.

Pros and Cons

Till is a solid choice for those needing a kid-friendly debit card, but it might not be right for everyone. Read the pros and cons below for a quick takeaway.

Pros

• Free virtual and physical debit card for kids
  
• No monthly maintenance fees
  
• Many ways for kids to earn and save
  
• Encourages whole family to get involved
  
• Supports multiple kids per family
  
• Parental approval needed for money transfers
  
• Network of no-fee ATMs

Cons

• Doesn't support cash deposits
  
• Few parental control options
  
• No educational content
  
• Limited customer support

How to Open an Account with Till Financial

You can open a Till Financial account for kids of any age. Here's how to get started:^[6]

1. Go to the Till Financial website and download the app
   
2. Tap Create new family and choose your role in the family
   
3. Provide your personal details to create an account
   
4. Add kids and family members
   
5. Fund your account by linking your bank account and/or debit card
   
6. Receive the debit card in the mail in 5-10 business days^[7]

Till needs to confirm your identity when you open an account. Be prepared to provide information like your name, email, phone number, address, date of birth, and Social Security number.^[8]

New User: $25 Bonus using the voucher code CREDITDONKEY

New users will get a $25 bonus credited to their account when the kid makes their first purchase using their Till card using the voucher code CREDITDONKEY

Click Here to Get Deal

How It Compares

Check out how Till Financial stacks up against top competitors like Greenlight and FamZoo.

Till Financial vs. Greenlight

Greenlight is a paid banking app and debit card that offers features you don't see in most free accounts. There's no minimum age to use Greenlight, so it's great if you have younger kids.

	Till	Greenlight
Minimum Age	No minimum age requirement	No minimum age requirement
Savings	Create savings goals; No APY	2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family
Checking	No monthly fees; Supports multiple kids per family	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
Monthly Fee	$0	Greenlight Core: $5.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month
Kids Debit Card
Minimum Deposit to Open	$0	$1
Mobile App	iOS & Android	iOS & Android
ATMs	Any ATM, but the ATM owner may charge a fee	Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.
	Visit Site	Visit Site

There are 3 pricing tiers to choose from, and the monthly fee covers up to 5 children per family:^[9]

• Greenlight Core ($5.99/mo.)
  Includes kids' debit card, basic banking, educational content, parental controls, financial literacy games, investing for parents with limited features, and 2% savings reward.

• Greenlight Max ($9.98/mo.)
  Adds an investing platform and research tools for kids and parents, priority customer support, protection plans, cash back on purchases, and 3% savings reward.

• Greenlight Infinity ($14.98/mo.)
  Adds family location sharing, crash detection, SOS alert, cash back, driving reports, real-time trip alerts, and 5% savings reward.

Greenlight is a great alternative if Till's parental controls aren't enough for you. You can set spending limits for specific stores or categories. The app offers a lot more flexibility for parents.

Greenlight Debit Card for Kids

Click Here to Get Started

Till Financial vs. FamZoo

FamZoo is another paid debit card and app that shares some features with Till. The app lets you add multiple family members, pay interest, assign chores, and get account alerts.

	Till	FamZoo
Minimum Age	No minimum age requirement	No minimum age requirement
Savings	Create savings goals; No APY	Parents can set up a custom interest rate to encourage kids saving
Checking	No monthly fees; Supports multiple kids per family	Prepaid debit cards for multiple kids
Monthly Fee	$0	$5.99 per month, OR $59.90 for 12 months
Kids Debit Card
Minimum Deposit to Open	$0	$0
Mobile App	iOS & Android	iOS & Android
ATMs	Any ATM, but the ATM owner may charge a fee	Any ATM, but the ATM owner may charge a fee.
	Visit Site	Visit Site
FamZoo: Pricing information from published website as of 05/01/2022

FamZoo offers a range of interesting features you don't usually see in other kid banking apps. Parents can send kids monthly bills for expenses like cell phone or internet service. You can also set up realistic loans for your kids, complete with interest accrued each cycle.

There's a lot more you can do with a FamZoo account than with a Till account, but it does cost money. FamZoo has a monthly fee of $5.99, which covers your whole family. If you need more than 4 debit cards, each additional card costs $3.00.^[10]

FamZoo is open to kids of all ages. There's no minimum age to join, but many features are better suited for teens and older kids.

FamZoo Prepaid Card for Kids and Teens

• Order Online
• No Credit Check
• Try for Free

Your funds will be held at SouthState Bank, an FDIC-insured institution

Click Here to Learn More

Till Financial vs. Acorns Early (formerly GoHenry)

Acorns Early (formerly GoHenry) offers personalized debit cards and banking for kids. In addition to features like chores, savings goals, and easy money transfers, Acorns Early offers more ways to learn.

	Till	Acorns Early
Minimum Age	No minimum age requirement	6 years old
Savings	Create savings goals; No APY	Create savings goals; No APY (parent-paid interest only)
Checking	No monthly fees; Supports multiple kids per family	Debit card up to 4 kids (Family Plan); 1 debit card (Individual Child)
Monthly Fee	$0	Individual Child - $5 per month Family Plan - $10 per month
Kids Debit Card
Minimum Deposit to Open	$0	$0
Mobile App	iOS & Android	iOS & Android
ATMs	Any ATM, but the ATM owner may charge a fee	No fee for either domestic (US) or international ATM use. ATM owners may charge a fee.
	Visit Site	Visit Site
Acorns Early: Pricing information from published website as of 11/30/2024.

The app encourages kids to learn about money by turning it into a game. Kids can earn points and level up by completing missions packed with great educational content. The lessons are short and breezy, so your kid won't get bored.

The educational content also matures as your kid gets older. The app provides a complete K-12 education to meet your kid at every stage in their life.

Acorns Early has a monthly fee of $5 for the individual child and $10 per month for the family plan.^[11] Personalized cards cost a one-time fee of $5 each. The subscription cost is a bit pricier, but if you want an easy-to-use app that teaches your kid about personal finance, Acorns Early is a solid choice.

Acorns Early Kids' Debit Card

• Real-time spend notifications.
• Block and unblock cards easily.
• Teach financial independence safely.

Acorns Early card is issued by Community Federal Savings Bank, member FDIC

Click Here to Sign Up Now

Bottom Line

Till Financial is a good choice if you're looking for a free debit card for your kid. The platform offers unique ways to add money to your kid's account. Plus, it makes it easy for multiple family members to get involved.

The account lacks a lot of parental control options that are common in other apps. But overall, it's a solid choice to help kids and teens manage their money.

Want to learn more about other banking products for kids? Check out these top accounts and popular alternatives:

• Best First Checking Account for Kids
  
• Greenlight Review
  
• FamZoo Review

References