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Money · Kids2 min read

Parents in Ukraine sent over 8,000 chores to kids' bank cards

Monobank added a tasks feature to kids' cards, and parents have already set over 8,000 chores. Here is what it means if your child has a bank card.

By the Dashline deskSource: dev.ua
Parents in Ukraine sent over 8,000 chores to kids' bank cards
Photo: www.Pixel.la Free Stock Photos, CC0

Parents in Ukraine have set more than 8,000 tasks for their children in the first stretch of a new feature from monobank. The feature lives inside the bank's cards for kids. A parent sets a chore, and the child can earn money for doing it.

What changed

Monobank is a Ukrainian digital bank. It runs through a phone app instead of branches. It already offers cards for children, and it has now added a tasks feature to them. The idea is simple: a chore gets attached to a reward, so the child sees a direct link between effort and money.

Who it affects

The feature touches parents who already hold a monobank card for a child, and the children who use it. The report from dev.ua also looks at how much the kids earned from these first tasks. That amount is not included in the material available here.

What is not known yet

  • How much children earned on average or in total.
  • What kinds of tasks parents set most often.
  • How many families use the feature.
  • Whether the feature will reach other banks or countries.

Why it matters

Many parents want to teach children that money is earned, not just handed over. Tying small payments to chores is one simple way to do that. The 8,000 figure suggests parents were quick to try it. It does not show whether the habit lasts or whether children learn useful lessons from it.

The takeaway

If your child has a bank card, linking small payments to chores can be a simple way to teach earning, and monobank now builds that in.

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