SeedMoney

  • Home
  • Personal Banking
  • SeedMoney

Finally Hands-on Financial Learning for Kids with Parent Supervision!

Welcome to the SeedMoney app!

We’re excited to introduce our USB SeedMoney 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 numbers speak for themselves: 

•    75% of teens lack confidence in their knowledge of personal finance!
•    73% of teens reported wanting more personal finance education.
•    32% of teens don't know the difference between a credit card and a debit card.        
(Source- https://www.annuity.org/financial-literacy/financial-literacy-statistics/)
 
 
Take advantage of the next generation of banking for kids and teens with our SeedMoney app. Get your kids started today and let them learn a balanced financial approach to managing money.

Frequently asked questions about the SeedMoney app:

What is the SeedMoney app?
The SeedMoney 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 SeedMoney 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 SeedMoney 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?
For Union State Bank customers, the SeedMoney app is free of charge. This is 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?
The SeedMoney app is designed for children 5-17 years old and each family can enroll up to 5 children on one account. Each child, at least 5 years old, is eligible to receive a Union State Bank branded BusyKid Visa® Prepaid Card which can be used to make purchases in stores or online.
 
Is the SeedMoney app safe?
SeedMoney app accounts are FDIC insured up to $250,000. Parents can get real-time account transaction notifications and can follow all activities through the app.

Are parents still involved?
Yes. The SeedMoney 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. 
 

This Union State Bank Seed$ program is provided through BusyKid. The BusyKid Visa Prepaid Card is issued by Pathward®, National Association, Member FDIC, pursuant to a license from Visa U.S.A. Card can be used everywhere Visa debit cards are accepted. All Cardholder funds are eligible for FDIC pass-through insurance by the FDIC in accordance with the FDIC’s applicable terms and conditions to the extent they are held by Pathward, N.A., a FDIC-insured depository institution. For more information about your card terms and conditions including the Visa Zero Liability policy go here. Cliq® is the exclusive and authorized Servicer of the BusyKid Visa Prepaid Card. Neither Cliq nor BusyKid are banks or FDIC-insured institutions and the FDIC’s deposit insurance coverage only protects against the failure of a FDIC-insured institution.
 
*BusyKid's provision of access to securities products and brokerage services are offered by Apex Clearing Corporation. Apex Clearing Corporation is an SEC registered broker dealer, a member of FINRA and SIPC, and is licensed in 53 states and territories. This feature is optional and not affiliated with Pathward nor Visa.
 
†Optional feature is a BusyKid product