The card of the new generation
The new generation always wants to feel free and independent. You as parents want to feel safe and secure in your childrenĺs actions.
For this reason Alpha Bank has created and presents to you Alpha Bank Enter Youth Visa, a prepaid card especially designed for the new generation, which offers your children independence and flexibility of movement, and to you greater control and security!
So give your children the opportunity to feel financially independent while you maintain control over their expenses!
Freedom of movement
Alpha Bank Enter Youth Visa is aimed exclusively at children and young people aged 13 to 23. It is offered free of charge, is valid for three years and is automatÚcally renewed henceforth.
It is a specialized and trendy card which is issued in the name of the child. It offers young cardholders a flexible and secure way to manage their pocketmoney.
This card can be used for cash withdrawals from ATMĺs, for purchases in stores in Cyprus and abroad, as well as for internet transactions, depending on the restrictions set by the parents!
Safety and security
Alpha Bank Enter Youth Visa is a debit card which is connected to a savings account especially opened for this purpose in the name of the parent or guardian. The amount for every transaction performed with the card is automatically debited to this account.
In other words, while Alpha Bank Enter Youth Visa is issued in your child ĺ s name, you are the sole beneficiary on the connected account thus you are able to choose and control how and for how much the card is used by your child.
More specifically, you have the ability to determine the available amount on the card as well as the method of use according to the following parameters:
- Set the daily transaction limit on the total of purchases and cash withdrawals made with the card.
- Option to place a limitation on the use of the card for ATM cash withdrawals.
- Option to place a limitation on the use of the card for purchases in stores and businesses in Cyprus and abroad (wherever the VISA Electron logo is displayed).
- Option to place a limitation on the use of the card for Internet and/ or telephone transactions.
Alpha Bank Enter Youth Visa essentially works as a prepaid reloadable card . You can transfer money to the connected account at any given moment, thus making it available for your child to use, in the following ways:
- By transferring money from a different account though the Alpha Express Banking electronic service or at any Alpha Bank branch.
- By depositing the amount in cash using the Alpha ATM Banking service or at any Alpha Bank branch.
Additional accounts for the new generation
Alpha Bank stands by your child from its very first steps with the Alpha Minor deposit program.
Alpha Minor encourages saving and supports your child from birth to adulthood giving you the means to offer your child a stable and financially secure future.
The program consists of two special deposit accounts which are opened in the name of your child and provide high returns, gifts, further deposit incentives and other privileges and benefits.
Alpha Minor - Save:
- Notice Account with an attractive escalating interest rate depending on the total deposit amount.
- Welcome gift on opening the account.
- Financial Reward on your saving effort that is automatically credited to your account.