What is UPside?

• For high school students, it’s a great alternative to cash allowances that are unsafe, offer no spending control and often require trips to the ATM. It’s also a great educational tool to learn about financial literacy.
• For college students, it’s a convenient way to manage their money, track spending in real-time and stay away from credit cards. College students can receive occasional funds from their parents, receive a pay check directly onto the card and even write checks online (For cardholders 18 or over)

How does it work?

• Parents register for a card online, in just a few minutes. (There is no credit check. Applying for the card will not affect your credit as a parent). As a parent or guardian, you are the legal owner of the card account and signatory of the card contract with the bank. Your child is the designated cardholder.
• We ship a reloadable Visa prepaid card to your home address, in the name of your teen, which you or your teen can activate over the phone.
• Parents create their online card account, where they can:
  • load funds from their checking account or their credit card
  • review details of where and when the money was spent
  • create an allowance schedule
  • Parents can monitor multiple cards for each of their children under the same online account
• The child creates his/her own online access, entirely separate from the parent’s, to monitor his/her own spending, check the remaining card balance, and much more, from any computer or even from his/her cell phone.

• From the parent’s checking or savings account through direct debit, it’s entirely free!
• From the parent’s credit or debit card, funds are instantly available. Perfect for emergencies ($2.50 convenience fee is added).
• They can set up weekly or monthly payments for automatic allowances (from either their checking or their credit card)
• The child can also receive a direct deposit from an employer if he/she has an after school or a summer job (it works as if he/she had a checking account).

Benefits for your child

• The card is safer than cash. If the card is lost, the funds loaded are not.
• Your child will demonstrate financial responsibility
  • A real-time tracking of all account activity. Unlike with most banks, all transactions are posted in real time, offering an up-to-the-minute overview of all activity on the account.
  • Even checks are reported in real time as they are issued online ( Cardholders 18 or older).
• Flexibility and Independence:
  • To make online purchases without having to borrow a credit card or use cash in stores.
  • Ability to suspend the card from their cell phones if it’s been misplaced or lost.
  • They can also set up instant access to the card balance from their cell phone and setting up alerts when the card balance of available cash gets too low.
• Earn cash back with the Cash-back points Reward Program from point-for-dollar loads (Edge only), sponsoring friends and purchases on the UPside Mall.*

• Free Direct Deposit service: your child can get his/her on-campus job paycheck deposited right onto the card with our.
• UPside will also provide an online check writing service to all cardholders who are 18 or older. Perfect if your child needs to pay a rent or a car loan.
• A 360 and real-time tracking of all activity on their account. All Visa purchases are posted in real time. Checks issued are also reported in real time. A precious tool when every dollar counts!

Benefits to you as a parent

• Convenience of monitoring allowances online.
• Teach your child about money and managing a budget.
• Control where and when they spend their money with up-to-the-minute online access to all activity on the card.
  • Receive alerts when the card balance is low.
• Peace of mind:
  • Instant loads for emergencies, especially when your child is away from home.
  • The money is never lost when the card is lost.
• Keep your child out of debt when he/she goes to college