Frequently Asked Questions > Children Saving using goHenry > What happens when my child reaches their savings goal?

What happens when my child reaches their savings goal?

Frequently Asked Questions > Children Saving using goHenry > What happens when my child reaches their savings goal?

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What happens when my child reaches their savings goal?

When your child reaches their savings goal, you'll see that the progress bar reaches 100%. The option to 'End Goal' appears under the progress bar. By clicking this, the money from that Savings Goal will be transferred back to the child's spending account and the savings goal will be closed.

If your child would like to keep their money in their completed goal, they can do so until they are ready to transfer it across and spend it. Please remember, money within a savings goal cannot be spent until it is transferred to their spending account.

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Related FAQs

How does my child set up a savings goal?

In order to set up a savings goal your child needs to login to their account through the online account or mobile app. If they click on 'Saving' then they'll see a button labelled 'add a goal'. A pop-up will appear where they can name their saving goal and decide on the total amount they Continue Reading...

Can I release my child's savings?

You can release money from your child's savings goals at anytime within your online account or through the mobile app. Click on their name and then go to the 'Saving' page. Click the 'Saving transfer' button, choose how much you'd like to move out of savings and from which savings goal. Tap 'transfer now' and Continue Reading...

Can my child release their own savings?

Your child can release money from their own savings goals by logging in to their account online or through the mobile app. If they click the 'Saving' tab, then click 'Saving transfer' they'll be able to decide how much they want to transfer and from which savings goal. Once they click 'Transfer now' the money Continue Reading...