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NatWest acquires pocket money app RoosterMoney

NatWest acquires pocket money app RoosterMoney

NatWest has acquired RoosterMoney, provider of a pocket money and financial education app for kids.

Launched in 2016, the RoosterMoney app loads pocket money onto a Visa debit card and allows parents to immediately freeze a card if it’s lost and block payments to specific merchants. It also gives parents and children real-time notifications on their spending and comes with a ‘contactless counter’ so children know how far away they are from having to next use their chip-and-pin.

Features on the app include reward charts and chore reminders to help encourage a savings habit from a young age

Simon Watson, Retail Banking at NatWest Group, says: “We want NatWest to be the easiest and most useful bank for families and young people. Rooster have built a brilliant app with best-in-market features that we’re excited to offer to NatWest customers..”

Rooster has over 130,000 UK users and will be launched to NatWest customers in the coming months.

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