Do you want to teach your kids how to manage personal finance? Do you want to teach them to get a practical lesson? Have you got tired of giving your kids the money jars and funds? Then you should use FamZoo. FamZoo has got the solution to your problems. It would be like a money play for your kids. Read reviews of the company left for them by customers who have tried their services before.
About FamZoo FamZoo is an online family bank. It helps the parents to teach their kids how to use, keep, and spend money. This virtual bank was founded in 2006 by Bill Dwight, who wanted to teach his children about personal finances. He had a dream to build software, so he fulfilled his dream by building this software and it also helped him to teach the kids about money habits.
Products & Services offered by FamZoo FamZoo is like a family bank in which parents act as bankers and children represent customers. There is an online shared dashboard through which you can see the activity of the account and changes made by your child. It allows you to set up allowances, rewards for chores around the house. It also allows the penalties for any missed work assignments, it enables parents to pay interest on their kids' savings. It has two options for managing the account whether through IOU accounts or prepaid cards.IOU accounts simply track the money you're holding elsewhere on behalf of your child. The current balance in an IOU account is the amount that you currently "owe" your child. When FamZoo makes automated payments from you to your child for allowance, rewards, interest, etc, it credits your child’s IOU account. Unlike IOU accounts, FamZoo’s prepaid card accounts set real money aside for your child, provide a safe payment mechanism for your child with no risk of debt, and automatically capture purchases, donations, and other external transactions. You can pay the monthly fees for another family in advance with a gift subscription. When the other family redeems the gift code during registration, they’ll be credited for the free months that you purchased. When you register directly on FamZoo.com, they offer the following standard pricing and billing options for your family’s FamZoo subscription:Monthly — your family pays a $5.99 recurring fee that is automatically billed each month.Pay-in-advance — your family makes a one-time payment for a block of months upfront at a discount. The more months, the bigger the discount. They accept payments via credit cards or PayPal. For more information about their services, contact them on Call 1-412-FAMZOO1 (1-412-326-9661).
Compliments, Complaints, and Opinions Have you ever had the experience of using FamZoo? How convenient is their Virtual bank? Would you recommend it to other parents? Is it easy for kids to operate? Kindly leave a review below. By leaving your review, other people can get the idea about it and will also help this FamZoo to make more improvements if needed.
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