Children Saving using goHenry
In order to set up a savings goal your child needs to login to their account online or via the mobile app. If they click on the ‘Saving’ then they’ll see a button labelled ‘add a goal’.
Saving goals are directly linked to your child’s weekly allowance. This means that if there is no weekly allowance set up for your child the savings will not move across to their goal, even if your child has enough money in their account.
In order for weekly savings transfers to be made, you will need to have a weekly allowance setup.
Your child can set up as many savings goals as they’d like. However, if there is not a weekly allowance payment that’s big enough to cover the payments for each goal, then no transfer of savings can take place.
If your child wants to save for a few different things at once, then make sure you go through the total weekly transfers with them to ensure they realize how much they will have left each week.
When your child reaches their savings goal, you’ll see that the progress bar reaches 100%. The option to ‘End Goal’ appears under the progress bar.
You can release money from your child’s savings goals at anytime within your online account or through the mobile app. Click on their name and then go to the ‘Saving’ page.
Your child can release money from their own savings goals by logging in to their account online or through the mobile app.