Give your children lessons in financial literacy!

Additional cards for children

This is an additional card for children from 6 to 18 years.

A card will easily replace the pocket money parents usually give their children and will encourage them to develop and explore the world of finance.

Advantages for the client:

  • A convenient and modern means for parents to ensure the security of their child and the child’s pocket money.
  • A guaranty of ongoing financial support for children at university or when travelling.
  • A wonderful way to teach children independence and increase their financial literacy.
  • The full range of features of a normal payment card.
  • Payment for goods and services in POSs and online without a commission.
  • Control of all your child's expenses via SMS notifications. You can obtain full information on your child’s expenses and purchases via the Pivdenny MyBank (web and mobile banking) or Mobi-Card service.
  • The currency of the child’s card is identical to the currency of the account of the principal owner (UAH/USD/EUR).
  • The limit on the child’s card may be changed in Pivdenny MyBank (web banking), establishing an individual limit based on an application to the bank.

Specific features of the card:

  • The fees for the card’s issuance are based on bank Rates.
  • The bank issues an additional card in the name of the child linked to the card account of one of the parents.
  • Card validity — up to 5 years;
  • SMS messages are sent either to the phone number of the child or one of the parents (at the client’s discretion).

Is your child travelling abroad for study or leisure?

  • The payment card is not subject to written declaration at customs.
  • The card account may be opened in UAH, USD or EUR; the funds will be converted into the local currency with automatic application of an attractive rate.
  • The commission for withdrawing of cash abroad is much lower that the fees charged by money transfer systems.
  • Using the card, your child can withdraw cash in local currency from more than 1 million ATMs all over the world and make payments with a payment card at more than 5.5 million merchants.

Cards for children have the same range of functions as other standard payment cards. They can make purchases, withdraw cash, transfer funds, and - most importantly - teach the basic principles of financial literacy, which are so critical today. You can set daily, weekly or monthly limits on cash withdrawals from ATMs and settlements at POS on any child’s card from Pivdenny Bank; moreover, the parents will have access to information on all transactions the child makes via Pivdenny MyBank or Mobi-Card service.

FAQ

The Client has the right to withdraw from a particular Application Service Provision Agreement (if required by applicable legislation of Ukraine) and terminate this Agreement and close accounts on the basis of a written application (except when early closure/refusal/termination of the agreement is prohibited by law), provided that there are no outstanding debts or valid Application-Agreements/Agreements at the Bank, and all PCs have been returned at the request of the Bank, including those issued to the Client's proxies. This Agreement is considered terminated on the day of account closure and full fulfilment of obligations under this Agreement.

Potential risks for the client in using payment cards

When registering and servicing service packages while opening current accounts using electronic means of payment – payment cards, payment transactions with cards for debiting or crediting funds, there may be fees, both imposed by the issuing bank of the card and other banks, including costs, related to the tariffs of other banking institutions of Ukraine. Read more about Pivdenny Bank Tariffs here

In the case of non-fulfilment by the client of obligations under the Individual Complex Banking Service Agreement and/or its appendices, payments on the card (block) may be suspended and/or declared invalid until these violations are eliminated. Early fulfilment of debt obligations in whole or in part as determined by the bank, including contractual write-off of amounts in repayment of debt at the expense of funds on other accounts of the client may be demanded, and information concerning this debt or negative credit history may be provided to the credit bureau/Credit Register of the National Bank of Ukraine, which may be taken into account by the bank when making a decision on granting a loan in the future, or applying to courts in accordance with Ukrainian legislation. Read more

Risk of scams associated with unauthorised use of the card or client data. Read more

Risks associated with dangerous card payments on the internet. Read more

Risks associated with non-compliance with the rules of ATM use. Read more

The bank is not allowed to require customers to purchase any goods or services from the bank or its affiliates or partners as a mandatory condition for the provision of these services (except for the banking package).

The bank has no right to unilaterally make changes to agreements concluded with customers, unless otherwise provided by the agreement or the law.

You may refuse to receive promotional materials by calling the Customer Support Centre (free of charge in Ukraine) at 0 800 30 70 30.

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