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Contactless HSBC cards given to children in Ilford, South Woodford and Barkingside

PUBLISHED: 15:47 08 May 2018 | UPDATED: 15:47 08 May 2018

Would you let your child get one? Picture: Stephen Kelly

Would you let your child get one? Picture: Stephen Kelly

PA Archive/PA Images

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.

Do you think this is a good way to teach children about money?

Or do you think it will be too easy for little ones to pay for goods without understanding value?

Does your child have a contactless card?

Email your views for inclusion in an article to ellena.cruse@archant.co.uk


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