Finally Hands-on Financial Learning for Kids with Parent Supervision!
We’re excited to introduce our HarborLight CU Earn & Learn app where you can help teach your kids to manage real money in real time. With parents serving as a safety net, children learn to be accountable for the money they receive and the way they use it. Parents monitor their child's financial decisions, set limits, and contribute to their financial success by setting healthy parameters.
The app is easy to download, use and its features help your kids gain valuable hands-on experience for managing money. Our app is easy to use and will motivate your children to save†, share†, and spend their allowance. They can even learn about investing* from inside the app.
Empower Young Earners’
- Auto Allowance† — set it and forget it
- Savings Match† — match what is saved
- Friends and Family can add money using BusyPay™†
Easy Money Management
- Unlimited investing with more than 4,000 companies and ETGs available.
- Real-time approval notifications on all money transactions
- Parents can follow activity for each child
Designed by Parents & Experts for Kids & Teens
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Highlights
- Chores and allowances based upon ages
- Up to five HarborLight CU Earn & Learn branded BusyKid Visa® Prepaid Debit Cards per account
- Unlimited investing with more than 4,000 companies and ETFs available
- Over 75 national and regional charities for donations
- Friends/family can add money using BusyPay™†
- Real-time approval notifications on all money transactions
- Parents can follow all activity for each child
- Send bonuses for outstanding achievements, work or just because
- Auto Allowance† — set it and forget it
- Savings Match† — match what is saved
The HarborLight CU Earn & Learn app is designed to provide your kids with real life lessons in managing money. Easy to download, your kids and teens will stop fighting over chores and will become motivated, accountable, responsible and money smart!
Every Account Comes With Up to Five HarborLight CU Earn & Learn BusyKid Branded Visa Prepaid Debit Cards
These cards give anyone between 5–17 years old the freedom to spend everywhere Visa is accepted, and parents see every transaction made. Add funds anytime and from anywhere. Up to 5 cards are included with every family account, so there’s no reason why kids and teens can’t learn how to practice smart spending.
The app makes money management engaging for kids and easy for parents! Key features include:
Chores & Allowance (Set By Age)
The HarborLight CU Earn & Learn app provides a chore chart where the chores and allowance are preset by the age of the child. Parents have the option to manipulate these as well.
Experience Investing*
The app gives families the opportunity to experience the world of investing with our integrated feature inside the Save area. There are no commissions for stock transactions.
Charities To Support
Through this app, your children can make a difference by donating a percentage of their allowance with a growing list of charities inside the app.
Bonuses
Reward an outstanding performance, getting straight A’s in school or for going above and beyond while helping out around the house. A HarborLight CU Earn & Learn app bonus gives a parent or grandparent the chance to pay any child to show appreciation for a job well done.
Send Money With Ease
BusyPay† is an easy way for family or friends to send money to a child’s HarborLight CU Earn & Learn account. Perfect for birthdays, spoiling grandkids, holidays, work, babysitting, mowing the grass. When someone sends money using BusyPay, they are promoting a new financial literacy experience!
Features
Parental Matching On Child Savings - Helps your child grow savings by matching what is saved each week. It’s a fast way to build their app savings!
Ability To Change Scheduled Paydays - We all wish everyday was payday, well now it can be for your child.
Pay Allowance With No Chores - For the family that wants to just set an allowance no matter how many chores are completed.
Parental Money Movement Controls - Parents have the option to lock the Share and Spend areas to help money grow.
Establish Individual Identities - No matter how many children are in your family, they each have their own account and PIN for access. Though more than five children are allowed on an account, only five can have a card.
Multi-parental Approvals - Both parents are able to approve chores and money movement.
Automatic Allowance Allocations - Parents control how much allowance goes into the Save/Invest, Share and Spend areas. As long as it equals 100%, parents can set it anyway that fits the family.
FAQs
What is the app?
The app is a hands-on money management platform for kids and teens. It helps to teach them how to save, donate, spend and invest real money they earn or given.
Why is the app important to use?
At a time when the majority of high school graduates don't receive the proper education on how to manage money, the app helps to supplement what students have learned by providing real-life financial situations and decision making. Think of it as "Practice Makes Perfect"
Is there a cost to enroll in the app?
HarborLight Credit Union is proud to offer this app as an opportunity to educate the next generation with a hands-on app that is both engaging and educational.
Can I enroll more than one child?
Our app is designed for children 5-17 years old and each family can enroll up to five children on one account. Each child, at least 5 years old, is eligible to receive a HarborLight CU Earn &Learn branded BusyKid Visa Prepaid Debit Card which can be used to make purchases in stores or online.
Is the app safe?
Our app accounts are NCUA-insured. Parents can get real-time account transaction notifications and can follow all activities through the app. Funds on a card are +FDIC-insured up to $250,000.
Are parents still involved?
Yes. This app is designed for kids and teens to experience what it's like to earn and manage their own money. However, parents are still involved in any money transactions inside the app and must provide approval before funds can be used outside the platform for spending, donating or investing. Plus parents can see all transactions inside the app activity feed and receive necessary notifications.
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+The HarborLight Credit Union Earn & Learn program is provided through BusyKid. Funds held in a child's HarborLight CU Earn & Learn app account are federally insured up to $250,000 by the NCUA, a U.S. Government agency. The BusyKid Visa® Prepaid Debit Card is issued by Pathward®, N.A., Member FDIC, pursuant to a license from Visa U.S.A., and this card can be used everywhere Visa debit cards are accepted. To the extent funds are held by Pathward, they are eligible for FDIC pass-through insurance, subject to applicable terms and conditions. The card is serviced by Cliq®, the exclusive authorized servicer. BusyKid and Cliq are not banks or FDIC-insured institutions; FDIC insurance protects only against the failure of an FDIC-insured depository institution. See here for full terms and conditions, including the Visa Zero policy.
*BusyKid's provision of access to securities products and brokerage services are offered by Apex Fintech Brokerage Services and Apex Clearing. Apex Fintech Brokerage Services and Apex Clearing Corporation are both licensed and registered to conduct securities business in 53 U.S. states and territories. This feature is optional and not affiliated with Pathward nor Visa.
†Optional feature is a BusyKid product