In today’s digital age, it is more important than ever to educate young people about financial literacy and responsible money management. Recognizing this need, Global IME Bank has launched the Global Junior App—a unique platform designed specifically for users aged between 12 and 18. This innovative app offers a safe environment for learning about economics, handling money, and fostering financial independence, all under the careful guidance of their parents.
What is the Global Junior App?
The Global Junior App is a digital platform tailored for young users aged 12 to below 18 years old, providing a secure environment for managing their finances. With robust parental controls, the app allows children to learn about money management in a safe and controlled setting.
Who Can Register with the Global Junior App?
Only parents or legal guardians are allowed to register for the Global Junior App on behalf of their children. This ensures that all financial activities are monitored and guided by a responsible adult.
Key Features of the Global Junior App
- Balance View: Provides a clear overview of the child’s current account balance.
- Transaction History: Allows both the parent and child to track past transactions.
- QR Payment: Enables secure payments at supported merchants.
- Savings Goals: Encourages children to set and achieve their savings goals.
- Task Assignment: Parents can assign tasks to children, who can earn rewards upon completion.
How Does Parental Control Work on the Global Junior App?
Parents or legal guardians have full oversight over all financial transactions initiated through the app. They can:
- Set spending limits.
- Approve or reject transactions.
- Manage funding sources linked to the child’s account.
- Temporarily or permanently block access to the app if necessary.
Can Parents Register Multiple Children?
Yes, each Parent App can register and manage up to 5 children under their supervision.
How Do Transactions Work on the Global Junior App?
- Money Transfers: Parents can send money to their child’s Global Junior App or withdraw funds back to the primary account.
- Money Requests: Children can request money through the app, but every request requires parental approval before the transfer is completed.
Is the Global Junior App Safe for Minors?
Absolutely. The Global Junior App prioritizes safety and privacy. It follows strict guidelines to create a secure environment, including content moderation and privacy protection measures.
What Can My Child Do on the Global Junior App?
Children can:
- Make payments at Merchant QR points.
- Request money from parents.
- Participate in educational activities.
- Learn financial responsibility under parental guidance.
What Happens When a Child Reaches the Age of 18?
When a child reaches the age of 18, the Global Junior App will automatically freeze. Parents will be notified in advance and will have the option to transfer the remaining funds to the primary account or open a savings account for their child.
What If the Primary Account Linked to the Global Junior App is Closed?
If the primary account linked to the Global Junior App is closed, the app will become inoperative. All activities and transactions through the app will be suspended.
Easy Steps to Get Started with the Global Junior App
- Download the App
Download the Global Junior App from the Apple App Store or Google Play Store on the child’s mobile device. - Registration
The parent or guardian registers an account and provides necessary personal information, such as the child’s name, gender, date of birth, etc. - Verification
The Global Junior App verifies the account by scanning the Parent App’s QR code for activation. - App Activation
Once the QR code is scanned, the child can set their transaction PIN and biometric login options. - Setup
The parent or guardian can set up initial spending limits and other parameters to ensure a safe experience.
How Do I Contact Support?
For any questions, concerns, or technical support related to the Global Junior App, contact our Global Connect at 01-5970600. We are here to assist you.
Is There a Cost to Use the Global Junior App?
The app is free to download and use for the first year. From the second year onwards, an annual fee of NPR 50.00 will be applicable.
Monitoring Your Child’s Activities
Parents can monitor their child’s activities, including transactions and overall app usage, through the parental control dashboard provided within the app.
Conclusion
The Global Junior App is a groundbreaking tool that not only helps children learn financial skills but also makes the experience enjoyable and engaging. With features like earning, learning, saving, and spending securely, the app offers a comprehensive solution to building financial literacy for the younger generation. Start today by downloading the app and help your child embark on a journey towards financial independence!
