Digital banking app Revolut has today rolled out Revolut Junior to its standard plan clients in Ireland. 

This follows the successful launch of Revolut Junior to Premium and Metal customers in May. 

Revolut Junior, which is suitable for children aged 7-17, aims to promote good money habits at an early age within safe parameters, guided by a responsible adult. 

Revolut said the account offers the tools and experience to equip young people with financial skills they will need by the time they become financially independent.

The junior accounts can only be created by a parent or legal guardian who is an existing Revolut user and all transactions on the child's card can be overseen by the parent. 

Parents can also switch on or off the ability to make online purchases, prevent or allow ATM withdrawals, switch on or off contactless payments and receive a notification every time the child's card is used. 

Revolut said the account offers the tools and experience to equip young people with financial skills they will need by the time they become financially independent.

Children do not need their own mobile phone to use Revolut Junior, it added. 

For Revolut's Premium and Metal plan clients, the money management app for children will now be enhanced with two new features - Tasks and Weekly Allowance.

Aurelien Guichard, product owner for Revolut Junior, said conversations about money typically start at home and Revolut believe these skills are gained little by little, through experience and with help of parents and guardians. 

"We have also noticed that many shops, cafes and restaurants have switched to cashless payments only during the pandemic. This means that children, who are traditionally given pocket money in cash, can be financially excluded," he said. 

"We believe Revolut Junior cards will tackle this problem and allow children to pay contactless and use their pocket money in a safe and secure way, overseen by their parent or guardian," he added.