Now parents can gift their teenage children free Paypal student accounts and grant them limited financial freedom. These new Paypal Student Accounts are actually sub-accounts set up by parents, which enable teens to safely use money and buy stuff they need.
Parents can keep full account of all money spent by their kids, and can set the spending limit they want. Parents can maintain upto four PayPal subaccounts for their teens, and transfer money on a one-time or recurring basis. Parents can easily check account balances, get low balance alerts and even transfer money to their teens’ account via their mobile phones.
Teens learn how to manage money and can easily shop online with PayPal and in stores using the Student Card. They can check their account balance and easily request money from their parents via simple text message from their mobile phones.
Get a Paypal Student Account today and teach your children how to manage money. Remember The Student Account is currently available in the United States only.