WITH half term here, NatWest has announced a new pocket money product.

NatWest Rooster Money is a prepaid debit card and pocket money app which offers the NatWest Rooster Card free for 12 months exclusively to the NatWest’s 19 million customers, making NatWest unique among UK high streets in offering a kids’ prepaid debit card and pocket money app.

The bank will continue to make the product available to customers of other banks, and has lowered the price to £1.99 per month, ensuring that families across the UK continue to have access to tools that build kids’ confidence with money and prepare them for brighter futures.

NatWest acquired fintech pocket money app Rooster Money last October and has just relaunched it as NatWest Rooster Money.

A new offer to celebrate the move means NatWest, Royal Bank of Scotland and Ulster Bank NI current account customers will now be able to get the Rooster Card (kids’ prepaid debit card) free for 12 months for up to three kids. Non-bank customers can get the product for £1.99 per month.

With NatWest Rooster Money as part of their youth product offering, NatWest is unique among UK high street banks in offering a kids’ prepaid debit card and pocket money app.

Rooster Money enables families to build the financial foundations today that will prepare them for brighter futures - linking directly to NatWest’s purpose to champion potential, helping people, families and businesses to thrive.

The integration is part of NatWest’s ambition to help even more families move through the milestones of learning about money - ultimately preparing kids to confidently take the reins of their own finances.

The move by NatWest marks a continuation of the bank’s commitment to championing potential and helping people, families and businesses to thrive - with a specific focus on young people as we come out of the pandemic. NatWest has supported young people for decades with accounts from First Saver through to Student banking, and its free financial education programme, MoneySense, started over 25 years ago.

Simon Watson, head of youth banking at NatWest Group, said: “We want NatWest to be the easiest and most useful bank for families and young people."

For more information about the offer, go to RoosterMoney.com/feature/NatWest