Frequently Asked Questions > Paying your child > How do I transfer funds to my child's account?

How do I transfer funds to my child's account?

Frequently Asked Questions > Paying your child > How do I transfer funds to my child's account?

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How do I transfer funds to my child's account?

There are various ways that funds can be moved from your goHenry parent account to your child account. The main movement of funds will be via your weekly payment of their allowance and/or your payment for tasks completed. This will happen on the day you have selected (if you have not chosen a day, it will default to Saturday). If you have set a weekly allowance for your child, and there are sufficient funds in your parent account, the funds will automatically move across.

If you have set tasks for your child, those that have been ticked as completed will be paid and the funds moved across to your child. This process is automated, you do not have to do anything to make this happen.

If you need to transfer extra funds to your child’s account - Birthday money, funds for a specific item, etc., it's simple. Log in to your goHenry account either via you goHenry app or via the website, check your balance and that you have sufficient funds to make the transfer. Click on the blue ‘quick transfer’ button, fill in the amount and click on the 'pay now'' button. The funds will transfer and the movement reflect in your balance and your child’s balance immediately. The funds are immediately available to your child.

Please remember to review your child’s limits and card controls to ensure that they can access their money as needed.

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