
Sterling Card is a pre-paid card. It gives you many of the benefits of a bank account with added security. This means that like a pay as you go phone, you need to put money on your account before you can use it. It is not a debit card that is linked to a bank account or credit card where you pay for your transactions at a later date
There is NO MONTHLY FEE FOR ADDITIONAL CARDS: Annual purchase price for additional cards is £4.95 with no additional monthly fee.
You can use each card abroad to obtain local currency through MasterCard ATMs or to shop in store and online. The Sterling Card can be used at over 28 million locations and over 1 million ATMs worldwide, anywhere that displays the MasterCard acceptance mark.
You can assign an additional card to a loved one as young as 13 years old, and you have up to 4 additional cards per account. If you have children this could be a great solution for you, as you will always have peace of mind that they have to access to funds and it's safer than carrying cash. It's also a great way to pay pocket money and give children an introduction in how to manage their money responsibly. |