A "Plastics" Solution for Financial Literacy
At Member Access Pacific (MAP), we are committed to providing credit unions with a realistic teaching-tool for parents to educate their children about sound financial practices with the MAP Reloadable Prepaid Visa Card.
When used wisely, MAP Reloadable Prepaid Visa Cards can be a secure, convenient alternative to cash and checks. Parents can teach teens financial responsibility while monitoring their spending. The Reloadable Prepaid Visa Card belongs to the parents with the tools to monitor its use and control how it is funded. Unlike credit cards, neither parent or child take on debt with the prepaid card, and unlike debit cards, prepaid cards are not linked to a checking account.
Once the card is purchased and money is loaded onto the card, the card can be used anywhere Visa is accepted. When the card is used to make a purchase, that amount is deducted from the card balance. Parents control when and for how much the card can be reloaded from their own personal checking account.
Why not try using
plastic for allowances?
MAP offers “No Fee” and “Low Fee” card options, including no-fee reloads (originating from a credit union account), free e-statements, and free online account management. Possibly the lowest priced prepaid card on the market. MAP’s signature-only prepaid card has no activation fee or maintenance fees during card use. Terms and conditions apply.
Beyond Piggy Bank: A Parents Guide to Giving an Allowance and Teaching Money Management Skills
Allowance Calculator
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