Frequently Asked Questions

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About Kachinga
What is Kachinga?

Kachinga is a financial literacy platform that uses an intuitive app and a debit card with parental controls to help parents teach their kids to be smart with money.

Why was Kachinga started?

As parents of younger kids, we were experiencing first-hand the challenges of how to teach kids about money. As we explored the topic, we learned the depth of the financial literacy crisis facing the U.S. and beyond. An astounding 80% of the people in the U.S. live paycheck to paycheck with more than 66% unable to cover a $1,000 emergency. But only 17 states teach even basic financial literacy and traditional banks are neither motivated nor prepared to help parents raising financially smart kids. So in 2018, we embarked on our mission to bring financial literacy to the next generation by providing parents the tools and guidance to help teach kids to be smart with money.

How does Kachinga teach financial literacy?

Kids, and adults, learn best through experience. Our financial education framework is based on experiential learning where kids learn about money by using money. Our team of financial literacy experts have created an environment that provides parents the tools and guidance to teach kids the value of money and how to build critical life-long financial habits. Kids learn how to make smart choices with money as they learn and use concepts like budgets, savings goals, prioritization, spend management and compound interest.

What is the right age for my kids to use Kachinga?

Kachinga was designed by parents to supports kids of all ages. We believe kids should begin learning about money as early as possible. Each family is different, but the one thing we all need to do is to start having conversations with our kids about money. So, whether you're looking for convenience, safety, or a better way to teach your kids to be smart with money, Kachinga can help you achieve your goals.

App & Card
Will the Kachinga card work with Apple Pay or Google Pay?

Yes! If your phone has the capability to use Apple Pay or Google Pay, you can add your Kachinga card by following the directions for adding a card to your phone’s wallet.

Security & Privacy
Do you offer protection on the money in my account?

Yes, Every Kachinga account is FDIC insured for deposits up to $250,000 through our banking partner Sunrise Banks, Member FDIC. Your money is safe, guaranteed.

Other Stuff
How does the waitlist work?

We will start accepting customers on a limited basis during the Fall to ensure everyone has an amazing experience! We plan to do a full roll out before the end of 2019. The sooner you join the Kachinga waitlist, the sooner you will be invited to sign up!

Join our waitlist to get priority access when we launch.