Osper Review
Comprehensive review and analysis of Osper's digital banking services
Quick Facts
- Founded
- 2012
- Head Office
- United Kingdom
- Active Customers
- 75,000+
- Total Funding
- £20 million
- Employees
- 50+
- App Store Rating
- 4.3/5
Pros & Cons
Pros
- Parent controls
- Educational features
- Task rewards
- Spending limits
- Savings goals
- Family accounts
Cons
- Monthly fee
- Age restrictions
- Limited features
- UK-only availability
Supported Countries
- United Kingdom
Fees
- Monthly Fee £2.50/child
- Card Issue Free
- ATM Withdrawals Free
- Foreign Transactions 2.5%
- Replacement Card £5
Overview
Osper has pioneered youth banking since 2012, focusing on teaching children aged 8-18 about money management. Their platform combines practical banking tools with educational features, helping parents guide their children toward financial responsibility.
Key Features
Banking Features
- Prepaid debit card
- Parent app control
- Spending limits
- ATM access
- Online payments
- Transaction tracking
Educational Tools
- Money lessons
- Financial quizzes
- Savings challenges
- Budget tracking
- Goal setting
- Learning resources
Parent Controls
- Spending limits
- Store blocking
- Task management
- Instant transfers
- Card freezing
- Activity monitoring
Youth Features
- Savings goals
- Task rewards
- Spending analytics
- Custom cards
- Gift links
- Friend payments
Security Features
- Parent oversight
- Spending controls
- Card freezing
- PIN protection
- Transaction monitoring
- Safe spending limits
Customer Support
- Parent support
- Email assistance
- Phone support
- Help center
- Educational resources
- Community forum
Verdict
Osper excels in providing a safe and educational banking experience for young people. Their combination of practical banking tools and parental controls makes them particularly valuable for families looking to teach financial responsibility.
While the monthly fee might be a consideration, the educational value and security features often justify the cost. The main limitations are the age restrictions and UK-only availability, but for British families seeking a tool to teach children about money management, Osper offers an excellent solution.