We’re excited to introduce our SBSU Kids 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.
Take advantage of the next generation of banking for kids and teens with our SBSU Kids app. Get your kids started today and let them learn a balanced financial approach to managing money.
SBSU Kids 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.
At a time when the majority of high school graduates don’t receive the proper education on how to manage money, the SBSU Kids app helps to supplement what students have learned by providing real-life financial situations and decision making. Think of it as “Practice Makes Perfect”.
The State Bank of Southern Utah is proud to offer the SBSU Kids app free of charge. This is an opportunity to educate the next generation with a hands-on app that is both engaging and educational.
|
Bonus or Transfer |
Fee |
Fee % |
|
$2.00 |
$0.37 |
18.50% |
|
$5.00 |
$0.46 |
9.20% |
|
$10.00 |
$0.64 |
6.40% |
|
$15.00 |
$0.76 |
5.07% |
|
$20.00 |
$0.91 |
4.55% |
|
$25.00 |
$1.06 |
4.24% |
|
$30.00 |
$1.20 |
4.00% |
|
$100.00 |
$3.30 |
3.30% |
The SBSU Kids 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 State Bank of Southern Utah Kids program branded BusyKid Visa® Prepaid Card which can be used to make purchases in stores or online.
SBSU Kids 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.
Yes. The SBSU Kids 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 State Bank of Southern Utah Kids 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
