Your teen might have asked you for their own debit card or sent you an invite to Wingocard, but you’re hesitant to sign up. We completely understand. Giving your teen their own debit card is not an easy decision to make. Let us help you out!
What is Wingocard?
We are a mobile banking app for teens and parents. Teens get their own Prepaid Visa* debit card enabling them to make payments in-stores and online anywhere Visa is accepted. The card also enables them to make ATM withdrawals. Wingocard does not provide overdraft, so they can only use the money that’s been put into the account.
The app is where teens keep track of their spending, savings, and request money from you when needed. It helps them build good money habits and their financial acuity.
As a parent, you save time and hassle, never having to lend your credit cards to your teens again. You can manage their allowance and send them instant transfers (i.e. for chores, to pick-up groceries, or in case of emergency).
Is Wingocard secure?
Yes. Security is a top priority. We follow the highest industry standards and encrypt all your data to protect your information.
Your money is also FDIC insured through our issuing bank, Community Federal Savings Bank (CFSB) and covered for up to $250,000. In addition, your teen is protected under Visa's Zero Liability Policy. This means teens are not held liable should their card be lost, stolen, or fraudulently used.
Why do we need your Social Security Number (SSN)?
As we are a banking service, we are required by law to use Social Security Numbers to verify the identity of all new account holders. This is a US banking requirement to protect against money laundering and terrorist activity. See the FDIC webpage citing regulation related to “Customer identification program requirements for banks” (Title 31 CFR 1020.220).
Still not sure? Reach out to us at email@example.com and our team will be happy to answer any concerns you may have.
*Wingocard is issued by Community Federal Savings Bank, member FDIC, pursuant to a license from Visa U.S.A. Inc.