About company
Jassby, a financial management platform tailored for families, offers a comprehensive suite of tools designed to instill financial literacy and responsibility in children and teenagers. Anchored by its digital and physical debit card options, Jassby empowers parents to oversee and guide their children's spending habits while providing youngsters with real-world earning opportunities. The platform integrates seamlessly with modern payment methods, allowing users to make purchases online or in-person wherever Mastercard® is accepted, and even through contactless payment systems like Apple Pay.
With a focus on transparency and control, Jassby equips parents with the means to monitor spending in real-time and set limits as needed, fostering an environment conducive to financial education and growth. Jassby's commitment to security ensures that both parents and children can utilize the platform with confidence, knowing that their data and funds are safeguarded.
Key features
- Digital and Physical Debit Cards. Jassby provides both digital and physical debit card options for kids and teens, offering flexibility and convenience in making purchases.
- Parental Controls. Parents have full control over their children's spending by setting limits and managing funds through linked bank accounts or debit card funding sources. Additionally, they can access full transaction history to develop financial transparency.
- Real Earning Opportunities. Through Jassby, kids can earn money by completing household tasks or proposing their own earning opportunities, reinforcing the connection between work and financial reward.
- Security. Jassby prioritizes top-of-the-line security measures to protect users' data and funds, ensuring peace of mind for both parents and children.
Pros and cons
Pros
Cons
Reliability
Jassby prides itself on its reliability, backed by its partnership with Sutton Bank, Member FDIC, a trusted financial institution regulated by the Federal Deposit Insurance Corporation (FDIC). With top-of-the-line security measures in place, Jassby ensures the safety of users' data and funds, providing peace of mind to both parents and children.
Jassby's reliability is a subject of interest for potential users, although comprehensive reviews are relatively scarce. However, existing feedback, predominantly found on both the App Store and Google Play, tends to be generally positive. Users have awarded the platform an average rating of four stars on both platforms, indicating a satisfactory level of satisfaction with its services. While more extensive and diverse reviews could provide a clearer picture of its reliability, the existing ratings suggest a favorable impression among users who have utilized Jassby's offerings.
Products
- Digital Debit Card. Jassby provides a digital debit card option for kids and teens, allowing for convenient online transactions and mobile wallet integration.
- Physical Debit Card. Jassby also offers a physical debit card option, giving users the flexibility to make in-person purchases at retailers accepting contactless payments or traditional card terminals.
Other services Jassby offers
- Financial Literacy Tools. Jassby provides a range of resources, including courses, games, and real-world experiences, to promote financial literacy and responsibility among children and teens.
- Real Earning Opportunities. Through Jassby, kids can earn money by completing household tasks or proposing their own earning opportunities, reinforcing the connection between work and financial reward.
- Dynamic Allotments. Precisely plan your allotments ahead of time and adapt to last-minute changes seamlessly with the Jassby Trip Card.
- Traveler Tools. Empower traveling students and tour leaders with real-time spending management tools from Jassby, ensuring efficient budgeting during trips.
- Cashless Flexibility. Experience the convenience and security of cashless transactions anywhere Mastercard® is accepted with the Jassby Trip Card, offering the flexibility of cash without the hassle.
Conditions and requirements
Conditions
- Monthly Fee. Jassby charges a monthly fee of $5.95 per family for access to its services. However, the fee is waived for the first month of service.
- Replacement Card Fee. There is a fee of $4.95 (plus applicable tax) for replacing physical debit cards. The first physical card per family member is provided free of charge.
Requirements
- Age Consideration. While there is no strict minimum age requirement, clients should be aware that Jassby is primarily tailored for children and teens between the ages of 8 and 17.
- Fee Grandfathering Eligibility. Clients who opened Essential Plan accounts before April 1, 2023, are eligible for the grandfathered monthly fee of $3.95.
Network of ATMs
Jassby provides access to a vast network of ATMs, offering convenience and accessibility for clients to withdraw cash as needed. Clients can use their Jassby debit cards to access cash from ATMs across the United States and around the world, wherever Mastercard® is accepted. With thousands of ATMs available, including those operated by partner banks and financial institutions, clients can easily locate nearby ATMs using the Jassby app or website. Additionally, Jassby prioritizes security by partnering with trusted ATM networks, ensuring a seamless and secure cash withdrawal experience for clients wherever they go.
Apps like Jassby
- Greenlight. Greenlight is an app designed to teach financial literacy to kids of all ages. With a Mastercard debit card for each child on the family plan, parents can set up chore lists, allowances, and savings goals. The app fosters responsible money management by allowing parents to control spending, set spending limits, and receive real-time alerts. Teens with jobs can even set up direct deposit, providing a comprehensive financial education within a safe and controlled environment.
- Copper. Catering to kids ages 6 and up, Copper combines educational tools with practical financial management features. Synced with a Mastercard debit card, the app enables kids and teens to make purchases and withdrawals while learning to budget and save for different goals. Through in-app games and surveys, teens can earn rewards while enhancing their financial literacy, making Copper a valuable tool for young people to develop essential money skills.
- GoHenry by Acorns. Owned by microinvesting firm Acorns, GoHenry is a kid-friendly app designed for ages 6 through 18. It offers chore and allowance management alongside a debit card, empowering kids to learn about money through hands-on experience. With features like "money missions" and peer-to-peer transfers, GoHenry encourages financial responsibility and independence while providing parents with oversight and control.
- Till. Till provides a free banking experience for kids, offering features such as debit cards, spending insights, task lists, and savings goals. While allowances are limited to weekly or monthly schedules, the app fosters collaborative saving by allowing community members to contribute to kids' savings. Though lacking some customization options, Till still provides a solid foundation for kids to learn about money management in a supportive digital environment.
Editorial opinion
Additional Resources
- Jassby Reviews
