Contactless HSBC cards given to children in Ilford, South Woodford and Barkingside
PUBLISHED: 15:47 08 May 2018 | UPDATED: 15:47 08 May 2018
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Children as young as 11 could soon be getting their little hands on contactless debit cards.
HSBC, which has branches in Ilford, Barkingside and South Woodford will be offering preteens the ability to buy goods in shops with a swipe of their card.
A spokesman for HSBC said educating children about money is an important part of their development.
“HSBC’s MyMoney children’s account has provided children with a debit card for some time and gives them with the ability to spend their pocket money,” he said.
“As the account does not have an overdraft they won’t be spending money they don’t have.
“The contactless card gives them added functionality and feedback we have received has been generally positive.”
HSBC said if a parent or child does not want a contactless card initially or at any time, non-contactless cards are available.
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Does your child have a contactless card?
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