Pocket money beyond borders

When it’s time for your teenage child to travel abroad on their own for the first time, it is a unique experience and they can’t wait to get on the plane. You share their enthusiasm, but just thinking of them being away from you raises questions. Will they make it? Will they have enough money? What if they run out? 

It’s important to feel safe when your child is away, managing their money on their own. But it’s just as important for them to enjoy their trip without worrying whether they will run out of money.

Discover how you can give pocket money to your child even if they are abroad, and how not lose control over their expenses, however many miles apart you are.

Trips and excursions abroad

A school trip abroad, participation in a game outside Greece with their sports club, holidays in a foreign country with their bestie’s family. Whatever the reason for your child to be travelling without you, it’s important that they feel financially secure and that you know how you can help if anything comes up.

With online pocket money, your child gets around abroad using their own virtual card and engages in safe shopping for their age, as they can’t use the card for off-licence, gambling and other inappropriate transactions. At the same time, you keep track of their balance and can send money any time they need it.

Free yourself from stress and let your child wander aimlessly around the country they are visiting, take in the sights, try local delicacies and have fun. The experiences and memories of their first teenage holiday will stay with them forever. 

Studies abroad and Erasmus 

The time has come for your child to study in a foreign country or become an exchange student in an Erasmus programme. You surely feel proud and will do anything to help them in their new beginning. You want them to find suitable student accommodation and be equipped with everything they may need.

Many needs may arise in a foreign country, while some unexpected expenses could go over the budget for your expat student. Don’t you worry. With online pocket money, you can top up their card even when they’re abroad.

myAlpha Vibe is ideal in this case, as it expires in 5 years after issue. So it solves your problem even after your child becomes an adult. With the option of sending up to €500 a month, it’s your best ally when it comes to managing your child’s study expenses.

Family holidays outside Greece

A trip abroad for the whole family may be the best lesson for your teenager to learn about saving. Both before and during the trip, your child may learn how to manage their money responsibly. 

Long before departing, ask your child to start saving to meet a target for the trip: buy souvenirs, clothes or tech items, watch a concert or a game featuring their favourite foreign team. With online pocket money, your child can keep track of their balance and know how close they are to their target at all times.

When you’re abroad all together, transfer in advance the amount you had budgeted for small expenses to their virtual card and ask them to manage it so that they don’t run out. Your child will experience financial independence and you will enjoy your holidays without having them constantly asking for money.

myAlpha Vibe: Bridging generations

Now that you know the benefits, discover the modern and secure way to give your teen pocket money online with myAlpha Vibe. As long as your child is aged 15-18.

Through myAlpha Mobile, you can issue a digital prepaid card for your teen, easily loadable from your mobile. The child uses the card through the dedicated myAlpha Vibe app, to shop in Greece and abroad, even after they turn 18.  

Don’t miss out. If you join the programme by 30.06.2024 you pay no fees for the first 6 months you use it.