The new account will cost GBP 2 per month and will be linked to a parent or guardian’s existing account. Once a Kite account is set up, an adult will be able to order a card for their child and allocate up to GBP 5,000 to the card, track spending, and block a lost Kite card all from their account. Kids will have their own names printed on the cards and be able to spend online, in-store, and withdraw up to GBP 100 in cash, according to AltFi.
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