Create an account for each of your children, so you can both keep track of how they spend their allowance.You can also choose the name you want printed on each of your Mastercard debit cards. One of the (many) useful things you can do with Lucy is share any of your accounts with someone else. That way, Lucy helps you to remember when to give allowance to your child. If you are giving your child a weekly or monthly allowance, you can set up a recurring transfer from your Lucy account to theirs.You can even set a low balance notification so that you can deposit money into your child’s account proactively.
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This gives them the opportunity to keep track of their Mastercard expenses and learn how to manage their money. With this Read-Only access feature, they will be able to view the transactions made and how much of their allowance is left. You can share your child’s account as a Read-Only access with them.Ask your child which card design they want and order the card with their preferred name on it.Create an additional account for your child.They can have a card in their own name and also keep track of their spending on their own phone. However, you can sign up with Lucy and create an account in your child’s name. The minimum age to sign up with Lucy is 18 years old. You can set a low balance notification so that you can deposit money into your staff account proactively.This makes tracking expenditure easier and saves you the trouble of dealing with expense claims from your staff. With this Read-Only access feature, they will be able to view the transactions made and how much funds are available. You can share your staff’s account as a Read-Only access with them.You can order a Lucy Debit Mastercard for each account and choose the name you want printed on it.You can create one for your customers to pay you into, one for your business expenses (transportation, supplies, misc), and another for your staff’s expenses. Create additional accounts for your business needs.You can open as many accounts as you need to make tracking and managing your income and expenses easier. If you are a small business owner, you’ll be delighted to know that Lucy offers fee-free accounts that you can use for your business purposes.
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