As a father of two children, a blogger and someone that has worked in technology for nearly 20 years. I love it when I find a product where all three come together. If you haven't heard of Osper before it's a prepaid debit or credit card aimed at helping parents to educate their children about finances. I have read a few Osper Card Reviews but after using their service since January 2015, I felt compelled to write my own Osper Review.
Osper Card Reviews - What is Osper?
Osper is a really straightforward app that is linked to a MasterCard debit or credit card.
- You order a card for your child or teenager from the Osper website.
- You download the app.
- You activate the card once it has arrived in the post.
Loading money onto the card is really easy to do. You register your debit card within the app. You then load funds for free into your parental Osper account, using your debit card. Once you have funds in your parental Osper account you can transfer money onto any of your child's Osper debit MasterCard.
You have a debit card for each child and each Osper debit card is managed from within the app.
- FREE £5 Pocket Money when you sign up
- FREE MasterCard Debit / Credit Card
- FREE for 1 MONTH
- FREE App for your smartphone or tablet
- FREE Parental controls
- FREE Card Tops Ups
- FREE Balance Checks
- INSTANT card deactivation if the card is lost or stolen
1 MONTH FREE
When signing up for Osper you visit the website and fill in a simple form. Osper will ask for the parents First Name, Last Name, Email, Mobile, Gender, D.OB. and the names of the children that require a card. You will also need to provide them with the details of where you would like the cards delivering. Then within a couple of days an Osper card should arrive in the post with the names of your children printed onto the card.
The Osper debit card arrived within a couple of days. Speedy delivery always gives me confidence.
Activating your Osper card
Once the card arrives in the post you complete the activation process, either by visiting their website or downloading the app from the app store.
Each child will need their own account in order to administer the card. This is useful for checking balances and deactivating the card if it is stolen. You cannot top up the account from the child account. This can only be done through the parent account.
Children and teenagers can request top ups from their friends or relatives which is useful for things like Birthdays.
When activating the account if you supply your childs email and mobile phone number, then the PIN number for the card will be sent to that mobile. Also Osper can use the email address to send notifications etc.
You don't have to enter your child's details. Instead, you can use your information should you not feel comfortable using your child's information.
One of the things that I appreciate about Osper is that they have thought a lot about the security of the product. As a minimum the card comes with a chip and pin device, which as adults is something that we are used to.
In addition to having chip and pin security the device comes with the follow additional security features:
SIGNUP TO OSPER
£3 POCKET MONEY - 1 MONTH FREE
When the card is first activated the PIN number will be sent via text message to the child's registered mobile. If you didn't enter your child's mobile, then the the parent's mobile number is used instead.
The parent account has access to all the Osper cards that are registered under the account. Each individual card can be managed, topped up, blocked if lost or stolen and have online spending enabled.
Each child will need to have their own Osper account. Using the app they can log in to view details about their card. It's similar in layout to the parent account but it doesn't have as many features. For example they cannot load money onto the card.
The child account can do the following:
- View their balance
- Request a PIN reminder. The PIN reminder will be sent to their mobile if it is registered, or the parents mobile if the child doesn't have a mobile registered.
- Lock the card if it is lost or stolen.
Topping the card up
Money is transferred into Osper using a Debit Card.
As the parent you can configure an allowance so that each week money is automatically transferred onto each registered Osper card. This is useful for things like weekly pocket money.
A parent can also invite a family member or friend to load money onto the account. This is useful for special occasions like birthdays, Christmas etc.
Osper charge £10 per year for an Osper account. However if you sign up to Osper through our website you get the first 12 months for free, plus £5 loaded onto each Osper card.
There is also a fair usage policy that is worth knowing about. Plus there are some additional charge for certain things:
- 3% fee when using the card abroad. This is pretty much the same as most banks.
- £1 for cash withdrawals abroad.
- £3 to order to replace a lost, stolen or damaged card
- 0.25p per transaction for 7 more cash withdrawals per month.
- The first 3 ATM balance checks are free, but then there is a 25p fee afterwards. Checking using the app is free.
- There are up to six money loads per month that are free. The rest will be charged at 0.25p. Please note a money load is performed using a debit card. The transfer of funds from the parent account to the child account are free. Allowances which are optional, are also free.
SIGNUP TO OSPER
£3 POCKET MONEY - 1 MONTH FREE
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