FamZoo Reviews 2020
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Is FamZoo Safe & Legit for Prepaid Cards?
Yes, FamZoo is a safe and legit banking service for kids that started in 2006 with a current rating of 8.7 out of 10 from overall FamZoo reviews.
They currently have 5 out of 5 stars via FamZoo reviews on their Facebook page from 133 customers.
Also, a FamZoo prepaid cards are actually safer than cash, because the FamZoo cards can be locked right away if it’s lost or stolen, and then unlocked if you find it.
Pros about FamZoo Reviews
- FDIC Insured Prepaid Debit Cards
- Learn, Earn and Spend Together
- Ideal for Kids & Teens
- Everyone is Involved
- Numerous Tutorials Provided
- Safe & Secure Checkout
Here at the website FamZoo, families can take advantage of a virtual bank that is intended for everyone in the group.
It specializes in providing banking services especially to kids, teens and even parents as well.
You can learn to earn money, save, budget, spend, and donate together with your loved ones.
Signing up is very easy and you can make use of the virtual bank right away.
It is perfect for all ages from preschool up to college.
It is no wonder the FamZoo reviews have been quite positive at this time.
Overall Positive FamZoo Review
Any FamZoo Discounts and Savings?
Another positive in this FamZoo review is they are is offering 1 month free on prepaid accounts and 2 free months on IOU money accounts.
When you sign up for a free trial with FamZoo they will not require any credit check during this process.
Cons about FamZoo Reviews
- Monthly Fees ($5.99)
- Non-Flexible Payment Methods
Perhaps the only drawback is that the FamZoo Prepaid Debit Cards are only available to those in the United States and will cost you $5.99 a month.
There is also, cash reload fee of $4.95.
Another thing that can be mentioned in the FamZoo reviews is that the Famzoo.com does not really provide other payment options to users.
Folks will have to deal with the usual payment methods that are available for them.
You can’t expect to sign up for their services and pay using online bank platforms such as PayPal.
FamZoo Review Videos
FamZoo Reviews – Prepaid Cards Work!
FamZoo is a helpful web application tool that helps parents prepare their kids for using a commercial checking account. It also allows parents to teach their kids the concept of spending, saving…
Getting Started With FamZoo: Ordering Prepaid Cards For Your Family
This video walks through everything you need to know about ordering FamZoo prepaid cards to give your kids safe, hands-on experience managing money. You'll learn about family registration,…
How FamZoo Helps Mac Raise Money Ready Kids
"FamZoo is a tool that has made my financial relationship with my kids so much easier." – Mac Thomson, Father of 3. Mac describes how FamZoo simplifies money interactions with his kids and…
FamZoo Review – Is FamZoo Safe Today?
Let's find out if FamZoo is a legit and safe website for prepaid cards!
How To Get Kids Interested In Long Term Savings
The Stacking Benjamins Round Table reveals the magic chart that will get kids interested in personal finance and saving for the long term. Why isn't this taught …
Frequently Asked Questions
What is FamZoo?
Famzoo is a virtual bank with prepaid debit cards designed not only for kids, but all ages to help how to earn, save, spend, and give money more wisely via FamZoo’s smart app. There are 2 options to manage your funds or kids funds via IOU accounts or prepaid card accounts.
Are there any fees with FamZoo?
As you can see above, there is a $5.99 fee if you pay month-to-month, or you can pay in advance every 6, 12, or 24 months (you can save $83.77 or 58% off by going w/ 24 months). These prices cover the whole family too.
What’s the difference between IOU accounts and Prepaid Card accounts?
IOU accounts with FamZoo allow you to simply track the money that you are holding for your kid. The current balance now on the IOU account is the amount you “ow” your kid.
The PrePaid accounts with FamZoo that can come with a prepaid debit card that allows you or your kid to use a safe and secure debit card with no risk for debt or overdraft fees, and allows them to track their spending and learn to manage it wisely.
Helpful FamZoo Links
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- How’s FamZoo selection, prices, shipping, etc.?
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- Is FamZoo safe and reliable site today?
I like that when I first signed up for a famzoo account that it was free to try for one month, and I like that didn’t have to give them any payment info upfront. I noticed if you pay month to month there’s a $5.99 charge, which isn’t to bad when using the prepaid debit cards and their app together, which so far are easy to use and working good. I did just find out though if paid in advance, like yearly, then it’s just $30 per year, which comes to $2.50 a month.