What is the cost of Fyp card?
Fyp is a neo bank that strives to improve financial literacy among teenagers. The registration is free, and you do not need to spend any money on it. However, one will have to pay the only cost if they buy the Fyp debit card for teenagers.
The virtual card is free of cost, and the physical card cost ₹ 399 but under a limited time offer you can get it for ₹199.
What is Fyp?
Fyp is a neo bank that allows teenagers to spend money independently. This gives the teenagers financial control and prepares them for an independent life. Fyp app offers teens a chance to spend on themselves by themselves.
Fyp offers children a chance to spend on themselves by themselves. Rather than having parents constantly spend on teens, we encourage teens to do the same. This helps the kids get an idea of managing their money efficiently. In addition, this prepares them for the future when they earn for themselves. Fyp allows teens to spend their money from a fixed budget. This way, they get the hang of spending and saving, so they are ready in the future. The app lets parents give pocket money to kids while keeping track of their expenses and teaching real-life money skills.
What can teens spend on?
Fyp realizes that its customers have various wants and needs as a teen neo-bank. Hence we try to give teens unlimited options. Teenagers can buy Netflix subscriptions, fast food from restaurants like Burger King, Spotify Premium subscriptions, order food online from apps like Zomato and buy electronics from BoAt. Using the Fyp physical card for teenagers, one can also go to their favourite stores and buy clothes, buy a movie ticket and purchase groceries.
How to use it?
Using Fyp is very easy. Being a teen neo-bank, Fyp understands that everything needs to be quick and convenient. Hence using the Fyp app and card is fast and timely too! All you need to do is download the Fyp app from Play Store/Appstore and register yourself on the Fyp app. Once you enter your details, you will have your account. You can then start spending money on things you need.
Are there any additional or hidden payments?
While many free services have hidden or additional payments, Fyp does not have any.
How is Fyp different?
First, unlike your usual banks, Fyp is a teen neo bank that is wholly online. Additionally, the Fyp card for teens is the numberless pre-paid card to secure user information. Finally, parents also administer the app to control their kid’s finances.