Who Are Bexcard? £5 Sign-Up Bonus
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Bexcard is a financial education platform designed to improve children’s money management skills. With the Bex Money Prepaid Mastercard, parents can set tasks, pay pocket money, and teach kids about savings through real-life practice. The platform offers features like Savings and Goals, allowing children to develop a savings habit, and Bex Buddy, an interactive tool to assist them. Bexcard are also rated great on Trust Pilot!
How to Get Your £5 Sign-Up Bonus:
Sign up using code SM5FP2.
Add your child’s details.
Deposit £10 into the parent account.
Receive £5 in your parent account, to either withdraw yourself or transfer to your child's account.
For withdrawals, select "add funds" and then "withdraw funds" from the homepage.
Junior ISA’s:
Junior Individual Savings Accounts ( ISAs ) are long-term, tax-free savings accounts for children. In the 2024 to 2025 tax year, the savings limit for Junior ISAs is £9,000. Bexcard offer junior ISA’s to app members - it’s a great way to set your kids up for their future! Here’s how it works:
A child’s parent or legal guardian must open the Junior ISA account on their behalf.
Money in the account belongs to the child, but they can’t withdraw it until they turn 18, apart from in exceptional circumstances. They can start managing their account on their own from age 16.
The Junior ISA limit is £9,000 for the tax year 2024/25 . If more than this is put into a Junior ISA, the excess is held in a savings account in trust for the child – it cannot be returned to the donor. Parents, friends and family can all save on behalf of the child as long as the total stays under the annual limit.
No tax is payable on interest or investment gains.
When your child turns 18, their account is automatically rolled over into an adult ISA . They can also choose to take the money out and spend it how they like – for example, on driving lessons, further education or job training.
