Eurobank launches Eurobank Teens, a transformative digital banking service designed specifically for teenagers aged 15 to 17. This platform provides a safe and supervised way for young individuals to take the important first steps toward financial independence, while also enhancing the overall daily life of families.

As per the official announcement, Eurobank Teens caters to the digitally savvy youth, offering parents a valuable opportunity to guide their children in the principles of responsible digital financial management. Utilizing leading-edge technology, the service ensures a seamless, secure experience and introduces innovative features that resonate with today's tech-driven lifestyle.

Activating Eurobank Teens is straightforward, requiring only four simple steps via the Eurobank Mobile App. Parents can easily set up the service and enjoy the benefit of no fees for the first six months, allowing use both in Greece and internationally without extra charges for foreign currency transactions. Parents can monitor their children’s financial activities online, tracking expenses in real time through Push Notifications on their Eurobank Mobile App. This feature helps manage both unexpected and regular expenses efficiently.

KEY FEATURES

- Each teen receives a virtual prepaid Visa Eurobank Teens card, issued by parents through the Eurobank Mobile App. This card enables secure online and in-store purchases using their mobile digital wallet, both domestically and abroad.

- Teenagers have access to a personalized profile within the Eurobank Mobile App, allowing them to manage their card and tailor their banking experience.

BENEFITS FOR PARENTS

- Parents can easily provide pocket money starting from just €2. All actions related to issuing, loading, or transferring funds to the card, including foreign currency transactions, come at no cost.

- Parents maintain oversight by controlling card issuance and funding, while transaction limits are set to a maximum of €150 daily. To ensure responsible usage, transactions at specific merchant categories, including liquor stores, gambling establishments, and telemarketing services, are restricted. Additionally, parents have the option to temporarily deactivate (freeze/unfreeze) or cancel the card if needed.

ADVANTAGES FOR TEENS

- Eurobank Teens offers an educational platform for teenagers to learn about financial independence and responsible money management through secure electronic transactions, eliminating the need for cash.

- Teens can manage their spending and evaluate their financial decisions by tracking transactions and balances. They also have the ability to temporarily deactivate their card when necessary.

Eurobank Teens is continously expanding its functionalities and services to meet the modern needs of families.