Me Time!

[MrsKiasu]

Slmkhoo…which bank is that? I think both are debit card, should be working the same.

[zac's mum]

slmkhoo\" post_id=\"2126621\" time=\"1704771630\" user_id=\"28674:

I don't know what Revolut does, but the basic debit card opened up a lot of convenience for my girls - booking cinema tickets,buying on BookDepository (now closed, though), etc. Combined with PayNow, it also meant they could easily share costs of meals etc with friends.

I would describe Revolut as an e-wallet. Which also issues physical cards so that your dependents (old or young) can tap and pay wherever accepts paywave (basically almost everywhere except hawkers).

[SG_KP1]

If you have Grab/GrabPay, you can also request a physical card (PayWave). It uses the prepaid GrabPay balance, so if the card is lost, the exposure is limited.

[MrsKiasu]

For cashless transactions at hawker ctr, only Paylah & CDCV?

[MrsKiasu]

I don’t have GrabPay. I see Q0010 got cashback for Grabpay. Other banks dont participate anymore for quite long time already.

[MrsKiasu]

slmkhoo\" post_id=\"2126619\" time=\"1704771028\" user_id=\"28674:

No minimum spend or annual fee. Can't remember if there was a minimum balance for the bank account, but I think there's no requirement if it's a child's account.

You should definitely start a monthly allowance system for your daughters. They will not be able to learn budgeting if they don't practise. If you pay their allowance into their bank accounts, you can set an automatic transfer from your bank account to theirs, so you won't need to remember each month.

Missed this post. Yup will try to have dd start doing her own budgeting and I give her monthly allowance.

[sharonkhoo]

MrsKiasu\" post_id=\"2126622\" time=\"1704771752\" user_id=\"43981:

Slmkhoo..which bank is that? I think both are debit card, should be working the same.

POSB/DBS.

[sharonkhoo]

MrsKiasu\" post_id=\"2126626\" time=\"1704772173\" user_id=\"43981:

For cashless transactions at hawker ctr, only Paylah & CDCV?

There are probably quite a few which can use the SGQR. My kids use PayLah since their account is DBS. But not all stalls accept cashless payments, and some only accept certain ones. I think your daughters should still carry some cash.

[Estéema]

The kids either hv YouTrip or TRUST Cards. TRUST card offers some cash back.


Personally, I’ve dumped my Revolut card last year coz it’s not competitive when use overseas in a Sunday. Apparently, they don’t hv live exch rates on Sunday, so they charge a higher rate. We decided not to be caught in a situation when we travel & forget it’s a Sunday & pay for food or shopping. Parts of Europe can get very expensive & not worth if rates Jack up our spending.

[Estéema]

zac's mum\" post_id=\"2126605\" time=\"1704764386\" user_id=\"53606:[quote=\"zac's mum\" post_id=2126605 time=1704764386 user_id=53606]
My DS prefers to use cash in school canteen. The debit card is for his lunch outside with friends. Sometimes he uses Grab pay app (where available, like McD or Burger King), but if HP no battery then he uses this R physical debit card.

Credit card will be very dangerous in the hands of teenagers lol…especially if they decide to use it for online shopping…[/quote]

Yap. Back then i hv a colleague who travels lots & gave her son a CC. All he’ll let loose & he spent like nobody’s bz buying items to sell encash so he feed his habits. Ex-colleague didn’t know coz too busy with her life & monthly pymtvis auto, only to discover one day when she bother to actually look into her acct & shocked to trace the large sum deducted for son’s CC card! So I’ll nvr give kids any CC till they apply on their own earnings. For now it’s just DC.