Revolut Kids & Teens Save
What is Kids & Teens Save?
Revolut Kids & Teens Save introduces children and teens to saving with Pockets, a feature allowing parents or guardians, and their child to create and customise savings compartments. Money can be added by either party. Funds from a closed Pocket will be returned to the child's main account balance.
Pockets can't be used for direct card payments. Revolut Kids & Teens doesn't accrue interest.
Add money to your kid’s Pocket
To add money from the main Revolut app:
- Go to the 'Home' screen
- Below your balance, tap 'Accounts'
- Select their ‘Kids & Teens account’
- Scroll down and tap 'Pocket' and create or select a Pocket
- Select 'Fund' to enter the amount you’d like to add and tap 'Confirm'
Withdraw money in the Kids & Teens app
- Go to 'Save'
- Tap 'Withdraw' and choose an amount
- Tap 'Withdraw' again to confirm
Alternatively, you can withdraw on your kid's behalf from the main Revolut app.
Spare change round ups
When you enable spare change round ups, we round up their Revolut Kids & Teens card purchases to the nearest whole number, sending the difference to their chosen Pocket.
For instance, if they spend 3.80, we round it up to 4.00, sending 0.20 in their Pocket. If there are insufficient funds, no spare change is added. You can manage this feature anytime.
Recurring transfers
Your kid can schedule recurring transfers (daily, weekly, or monthly) from their account balance to a Pocket, choosing an amount, start date, and frequency. If there are insufficient funds, the transfer won't proceed. Both you and your kid can manage recurring transfers anytime.