NatWest Rooster Money

NatWest Rooster Money: User Guide Welcome to NatWest Rooster Money! This guide will help you navigate the app and utilize its features to manage your family’s finances, track pocket money, and teach kids about saving and spending. Getting Started Download and Install: Download the NatWest Rooster Money app from your app store. Install the app and open it to begin your setup. Create an Account: Register with your details to set up your family account. Add your children’s profiles to start managing their allowances and savings. Key Features for Parents Set Allowances: Issue routine payments or allowances automatically or manually. Adjust amounts as needed for special occasions, good behavior, or gifts. Manage Chores: Track and manage family chores. Assign tasks to children and link them to their pocket money. Use the Reward Chart: Create a personalized reward chart using stars or other currencies. Motivate your children with rewards tied to their savings goals. Track Balances and Statements: View current balances and transaction statements for each child. Monitor how allowances and savings are being managed. Set Savings Goals: Use the Pots system to help children save for specific goals. Encourage saving with personalized saving Pots. Rooster Card Features Prepaid Visa Debit Card: Issue a Rooster Card for your child to make real-world transactions online and in-store. The card is linked to the family Rooster Money account. Secure Transactions: Use a one-off CVV code accessible only in the app for secure online transactions. Receive real-time spending notifications to monitor transactions. Control Spending: No overdraft feature ensures your child cannot overspend. Set controls and limits for card usage. Virtual and Physical Cards: Track spending with a virtual card for younger children. Provide a physical prepaid card for teens to manage their money. Managing Finances Boost Pocket Money: Increase allowances based on achievements or milestones. Use the app to manage and track these adjustments. Encourage Saving: Help your child develop savings habits through the Pots system and reward chart. Set financial goals and track progress together. Monitor and Review: Regularly review your child’s spending and saving activities. Use insights from the app to discuss financial decisions and planning. Additional Features Parental Controls: Customize and set controls to manage how and where your child can spend their money. Family Integration: Add multiple family members and manage all accounts from a single dashboard. With NatWest Rooster Money, you have a comprehensive tool to teach kids about money management while keeping track of their allowances and savings. Start using the app today to make financial learning fun and effective for your family.