Finally Hands-on Financial Learning for Kids with Parent Supervision!
We’re excited to introduce the Panhandle First Bank Learn & Earn app where you can teach your kids to earn, manage, donate, spend and invest real money. With parents serving as a safety net, children learn to be accountable for the money they receive and the way they use it. Parents monitor their child's financial decisions, set limits, and contribute to their financial success by setting healthy parameters.
The numbers speak for themselves.
- 75% of teens lack confidence in their knowledge of personal finance!
- 73% of teens reported wanting more personal finance education in 2021.
- 32% of teens don't know the difference between a credit card and a debit card.
(Source- https://www.annuity.org/financial-literacy/financial-literacy-statistics/)
Take advantage of the next generation of banking for kids and teens with the Panhandle First Bank Learn & Earn app. Get your kids started today and let them learn a balanced financial approach to managing money.
Frequently asked questions about the Learn & Earn app:
What is the Panhandle First Bank Learn & Earn app?
The Panhandle First Bank Learn & Earn app is a hands-on money management platform for kids and teens. It helps to teach them how to save, donate, spend and invest real money they earn or given.
Who are Learn & Earn accounts for?
This app is designed for anyone under the age of 17.
Is there a cost to enroll in the app?
Panhandle First Bank is proud to offer the Learn & Earn app free of charge. This is an opportunity to educate the next generation with a hands-on app that is both engaging and educational.
Can I enroll more than one child?
Families can enroll up to 7 children into their Learn & Earn app.
Is the Learn & Earn app safe?
Learn & Earn accounts are FDIC-insured up to $250,000. Parents can get real-time account transaction notifications and can follow all activities through the app.
Why is the Learn & Earn App important to use?
At a time when the majority of high school graduates don't receive the proper education on how to manage money, the Learn & Earn app helps to supplement what students have learned by providing real-life financial situations and decision making. Think of it as "Practice Makes Perfect".
Are parents still involved?
Yes. The Learn & Earn app is designed for kids and teens to experience what it's like to earn and manage their own money. However, parents are still involved in any money transactions inside the app and must provide approval before funds can be used outside the platform for spending, donating or investing.