Built for families • UIB Beginnings
A Simple, Hands-On Way to Teach Your
Kids How to Earn & Manage Money!
We’re excited to introduce our app where you can help teach your kids to manage real money in real time. With parents serving as a safety net, children learn to be accountable for the money they receive and the way they use it.
The UIB Beginnings App is easy to download and use, and its features help your kids gain valuable hands-on experience for managing money. Our app will motivate your children to save†, share†, and spend their allowance. They can even learn about investing* from inside the app.
For more information about the app, you may watch the video below or call or stop by any UIB branch!
Here is a simple step by step Tip Guide to help you with enrollment.
Designed by Parents & Experts
for Kids & Teens
The UIB Beginnings app is designed to provide your kids with real life lessons in managing money. Easy to download, your kids and teens will stop fighting over chores and will become motivated, accountable, responsible and money smart.
App Highlights
Key features families love most.
View highlights
- Chores and allowances based upon ages
- Up to five UIB Beginnings branded BusyKid Visa® Prepaid Debit Cards per account
- Unlimited investing with more than 4,000 companies and ETFs available
- Over 75 national and regional charities for donations
- Friends/family can add money using BusyPay™†
- Real-time approval notifications on all money transactions
- Parents can follow all activities for each child
- Send bonuses for outstanding achievements, work or just because
- Auto Allowance† — set it and forget it
- Savings Match† — match what is saved
BusyKid Visa Prepaid Debit Cards
Every account allows up to five UIB Beginnings branded cards.
Learn about the cards
These cards give anyone between 5–17 years old the freedom to spend everywhere Visa is accepted, and parents see every transaction made. Add funds anytime and from anywhere. Up to 5 cards are included with every family account, so there’s no reason why kids and teens can’t learn how to practice smart spending.
Money Management Tools
The app makes money management engaging for kids and easy for parents.
See key tools
- Chores & Allowance: preset chore chart and allowance options based on age, with parent controls.
- Experience Investing*: integrated investing feature inside Save with no commissions for stock transactions.
- Charities To Support: children can donate a percentage of allowance to a growing charity list.
- Bonuses: reward school, work, chores, or other achievements.
- Send Money with Ease: BusyPay† lets family and friends send money for birthdays, holidays, babysitting, mowing, and more.
Additional Features
Parental Matching on Child Savings
Helps your child grow savings by matching what is saved each week. It’s a fast way to build their app savings!
Ability To Change Scheduled Paydays
We all wish everyday was payday, well now it can be for your child.
Pay Allowance with No Chores
For the family that wants to just set an allowance no matter how many chores are completed.
Parental Money Movement Controls
Parents have the option to lock the Share and Spend areas to help money grow.
Establish Individual Identities
No matter how many children are in your family, they each have their own account and PIN for access. Though more than five children are allowed on an account, only five can have a card.
Multi-parental Approvals
Both parents are able to approve chores and money movement.
Automatic Allowance Allocations
Parents control how much allowance goes into the Save/Invest, Share and Spend areas. As long as it equals 100%, parents can set it anyway that fits the family.
Frequently Asked Questions about the UIB Beginnings App
What is the app?
The app is a hands-on money management platform for kids and teens. It helps to teach them how to save, donate, spend and invest real money they earn or are given.
Why is the app important to use?
At a time when the majority of high school graduates don't receive proper education on how to manage money, the app helps to supplement what students have learned by providing real-life financial situations and decision making. Think of it as "Practice Makes Perfect".
Is there a cost to enroll in the app?
Utah Independent Bank is proud to offer this app as an opportunity to educate the next generation with a hands-on app that is both engaging and educational.
Can I enroll more than one child?
Our app is designed for children 5-17 years old and each family can enroll up to five children on one account. Each child, at least 5 years old, is eligible to receive a UIB Beginnings branded BusyKid Visa Prepaid Debit Card which can be used to make purchases in stores or online.
Is the app safe?
Our app accounts are NCUA+-insured. Parents can get real-time account transaction notifications and can follow all activities through the app. Funds on a card are +FDIC-insured up to $250,000.
Are parents still involved?
Yes. This app is designed for kids and teens to experience what it's like to earn and manage their own money. However, parents are still involved in any money transactions inside the app and must provide approval before funds can be used outside the platform for spending, donating or investing. Plus, parents can see all transactions inside the app activity feed and receive necessary notifications.
+The Utah Independent Bank Beginnings program is provided through BusyKid and marketed by Utah Independent Bank, Member FDIC. The BusyKid Visa® Prepaid Card is issued by Pathward®, National Association, Member FDIC, pursuant to a license from Visa U.S.A. Card can be used everywhere Visa debit cards are accepted. All Cardholder funds are eligible for FDIC pass-through insurance by the FDIC in accordance with the FDIC’s applicable terms and conditions to the extent they are held by Pathward, N.A., a FDIC-insured depository institution.
For more information about your card terms and conditions including the Visa Zero Liability policy, view the BusyKid Visa Prepaid Card terms and conditions. Cliq® is the exclusive and authorized Servicer of the BusyKid Visa Prepaid Card. Neither Cliq nor BusyKid are banks or FDIC-insured institutions, and the FDIC’s deposit insurance coverage only protects against the failure of a FDIC-insured institution.
*BusyKid's provision of access to securities products and brokerage services are offered by Apex Fintech Brokerage Services and Apex Clearing. Apex Fintech Brokerage Services and Apex Clearing Corporation are both licensed and registered to conduct securities business in 53 U.S. states and territories. This feature is optional and not affiliated with Pathward nor Visa.
†Optional feature is a BusyKid product
