What are the features of HyperJar?
HyperJar is free to download and use, with no monthly or annual fees. Here are its main features:
Jars. You can open Jars to separate out your money into funds you need to spend on bills, or cash you want to set aside to save up for a treat.
Shared Jars. You can set up Shared Jars to act as digital kitties for between 2 and 100 people. You invite people to join the Jar through Bluetooth or by QR code. You can all put money into the designated Jar and then the Jar 'owner' uses their HyperJar payment card to spend from it.
Payment card. You can spend directly from any Jar that you have set up, though you'll need to pre-select it in the app first.
Retailer-related money programme. HyperJar offers quite an unusual feature where you can 'lock in' money to spend at retailers such as Lidl, Shell and Virgin Wines. By committing this so-called 'H Money' upfront you then earn a daily 4.8% Annual Growth Rate on it until you spend it.
Free spending abroad. There are no fees or charges for making purchases with your payment card overseas and you'll get the best available Mastercard rate for the currency conversion.
How do I sign up to HyperJar?
You need to start by downloading the mobile app from the App Store or Google Play Store.
HyperJar doesn't carry out any credit checks, but you will have to go through a sign-up process involving a basic ID check on you and your address. It will then open your account and issue your Mastercard, which normally takes about a week to arrive through the post.
You'll need to transfer money from your main bank account into your HyperJar account in order to start creating Jars and depositing money into them.
What is HyperJar Kids Card?
HyperJar is a card and budgeting app that allows you to organise your money in different 'jars' for specific purposes. For example, you can set one for bills, one for grocery shopping, one for clothes shopping… and now, one for your kids' pocket money.
The HyperJar Kids Card is a prepaid card linked to one of your 'jars'. You can give it to your kids instead of cash pocket money, and they can use it for their expenses, as well as to learn how to save.
The card is available for kids aged between 6 and 17 and comes with a number of features that allow you to keep an eye on how they use the money and teach them about personal finance.
How does HyperJar Kids Card work?
It's easier done than said, but in a nutshell here's what you get with the HyperJar Kids Card:
A prepaid card for your kids to use. They can make payments online and in shops, as well as withdraw cash.
App. You manage the card from your own HyperJar app. The company is also working on a dedicated kids' app, but it isn't available yet.
Saving. You can set up a dedicated 'savings jar', so your kids can save for a goal (such as buying that new videogame they've been eyeing for a while).
Full parental control. Unlike with a standard children's bank account, you are in charge. You can see all the transactions and set spending limits for your kids' jar directly from the app.