Kit's parental controls
To keep your child and their money safe, Kit has the following controls.
Spending control features
Controlled by you:
- A customisable spending limit set by you, controlling how much your child can spend over a 24 hour period.
- The ability to lock the card at any time
- Card controls managing how the card can be used, including optional blocking of online payments, digital wallet payments, and ATM withdrawals
- The ability to block individual merchants that you don't wish for your child to spend at
- Card PIN
Automatic Controls:
- Real-time purchase notifications to keep you in the know
- Automatic blocking of inappropriate merchants (alcohol, gambling, etc.)
Other controls
- Funds can only be transferred out of Kit into the Boss Linked Account or linked CommBank Youthsaver accounts with Boss permission.
CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.
Any advice provided is general only and does not take into account your objectives, financial situation or needs. Please consider the T&Cs, available here, and whether a Youthsaver account is appropriate for you.
The target market for CommBank Youthsaver will be found within the product’s Target Market Determination, available here.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.