How do Till accounts work? – tillfinancial

Till is a family banking app that helps kids and teens learn smart money habits. Here's how it works:

Getting Started

Parents or guardians download the Till app and create a family account. After completing verification, you'll choose your account type (Free or Premium) and select a card type for each child—digital-only (free) or physical + digital ($5 per card, or free with Till Premium).

The Parent Account

As the Account Owner*, you control the family account. You can:

Add money to your kids' accounts instantly
Set up recurring allowances and chores
Monitor their spending in real-time
Add other family or community members to your account*

*Some features are limited between account owners and admin users. If you want more information on the difference between roles, visit our Help Center article: Family Roles.

The Kid Account

Each child added to your account gets their own Visa® debit card. Kids can:

Track their spending and savings
Set savings goals
Learn to budget with parental guidance
Use their card for purchases (with parental oversight)

Card Options

Digital-only cards: Free and available immediately. Can be used by adding to Apple Wallet or Google Wallet (ages 13+), or by entering the card details directly on websites and apps.
Physical cards: $5 per card (or free with Premium). Includes a digital card available immediately while physical card ships (7-10 business days standard, or 2-3 days expedited).

Safety & Security

All funds in your Till account are FDIC-insured up to $250,000 per depositor and we use bank-level security to protect your family's information.

Till is a financial technology company, not a bank. Banking Services provided by Coastal Community Bank, Member FDIC. Till accounts are FDIC insured up to $250,000 per depositor through Coastal Community Bank, Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met.

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