BT Pay Kiddo offers 10% cashback and prize contest for children's holiday spending

Banca Transilvania (BT) is encouraging young savers with its "BT Pay Kiddo" program throughout June, offering a 10% cashback incentive. Parents who set up a "BT Pay Kiddo" account for their children can receive up to 50 lei back on their child's spending, provided the child spends a minimum of 300 lei during the month.

Beyond the cashback, all qualifying accounts will be entered into a prize draw. Three lucky participants will win surprise "BT Pay Kiddo" kits. This initiative aims to make the start of the summer vacation more exciting for children while promoting financial literacy and responsible spending habits.

The "BT Pay Kiddo" accounts offer a range of features for young users. Children can make purchases in physical stores or online using their card or phone, track their transaction history, and request pocket money from their parents. For those over 14, additional features include the ability to block their card, issue a virtual card in lei or euros, and share their IBAN.

Parents maintain significant control over their children's finances through the platform. They can set spending limits, monitor account balances and transaction histories in real-time, and easily block or unblock their child's card if necessary. This parental oversight ensures a secure and controlled environment for children managing their own money.