StorkCard听has launched the world鈥檚 first current account especially designed to help parents 鈥渂aby-proof鈥� their savings and get the support they need from family, friends and others in their network. Following on from the successful launch of its baby budgeting app, StorkCard is now reinventing joint accounts for today鈥檚 modern families.
StorkCard Village is a revolutionary joint account that makes it easy for parents to coordinate child-related spending amongst themselves and with others who look after their child. Parents can add family, friends or other childcare providers as joint account users, and each听Helper听receives their own card linked to the joint account to cover childcare costs. Parents always have the ultimate control over who can access the account and can monitor all transactions.
StorkCard Village听also offers parents听smart budgeting tools听and听top baby brand retail discounts, enabling them to:
- Take control of their spending
- Make budgeting easy
- Save money on expensive purchases
- Have the peace of mind to focus on the joys of their baby, not the costs
Bruce Pannaman, co-founder of StorkCard, said: 鈥淧arents have always relied on family and friends (their 鈥榲illage鈥�) for helpful support and guidance, particularly with respect to childcare. Raising a child is becoming more and more expensive, but many parents find it difficult to ask for support because they don鈥檛 want to burden anyone with the costs. StorkCard makes it easier to ask for help because it takes the awkwardness out of the conversation.鈥�
Bruce continued: 鈥淗aving a child is a monumentally exciting life stage, but the costs can be overwhelming. That鈥檚 where our idea for StorkCard came from 鈥� finding a way to better manage the shock of child-related costs, which only seem to go up!鈥�
More from News
- Two Thirds of Brits Are Telling AI Chatbots Their Secrets But Don’t Trust The Companies Behind Them
- Video Game Companies Are Abandoning “Buy Our Console To Play This” 鈥� Here鈥檚 Why
- UK Gambling Operators Face New Deposit Limit Rules From 30 September
- How A Ransomware Gang Hijacked A Rival Gang鈥檚 Website 鈥� And Is Now Extorting Them For “2.333% Of Their Net Worth
- Meta Promised Unmatched Privacy For Muse 鈥� So How Did Researchers Crack It So Quickly?
- Digital Avatars Are Bringing Deceased Artists Back To The Stage 鈥� Where Do We Draw The Line?
- Can Europe Solve Its Critical Minerals Problem Fast Enough To Support Its Tech Ambitions?
- Google Has Agreed To A 拢260 Million Settlement: Who’s Eligible For Compensation?
The app also uses听artificial intelligence听to help parents create听personalised cost plans听and prepare for upcoming costs far in advance. As parents spend using their StorkCard debit cards, their cost plans automatically update as well.
Andres Korin, co-founder of StorkCard, added:听鈥淲hen your baby arrives, it is a wonderful time. But it can also be incredibly stressful, particularly regarding money issues. An increasing number of parents are using separate bank accounts but that concept becomes complicated once you have a child. We want StorkCard to make it easy for parents to co-operate and plan ahead of time and ease their financial worries. Baby budgeting has never been made this easy.鈥�
Retailer discounts at launch are Mamas & Papas, Baby Bjorn, Mama Bamboo Nappies, Boots, Oliver鈥檚 BabyCare, John Lewis, Hamleys, FamilyAlbum, Uber Kids, PatPat听and more are being added each week.
About StorkCard
StorkCard helps new parents manage the costly adventure of raising young children. StorkCard鈥檚 app and dedicated debit card account was created to give mums and dads the financial guidance they need to manage their costs while on leave and the assistance with childcare expenses once they are ready to go back to work. StorkCard has been recognised byThe Finance Innovation Lab,Toynbee Hall,听and Fair by Design. StorkCard was also featured as a noteworthy and positive social innovation in TheLondon Assembly’s Mayoral report听on the financial health of Londoners.
