Yes. When creating a Kit account, you will need to enter a bank account in your name (the Boss Linked Account) and agree to a direct debit and/or a Kit PayTo agreement for that account.
This will be used for:
- Kit membership payments, if applicable. If you will be charged, you can find your next charge date in the app.
- Transferring money into the Kit account, via the in-app ‘Transfer’ function and Earn pocket money feature.
- These transfers are only ever initiated by you.
- If you prefer not to use direct debits or PayTo to transfer money into your kids’ accounts, you can still use Kit by transferring money using your child’s BSB and account number from your banking app.