This document (“Junior Terms”) sets out the terms and conditions for the use of Revolut Junior and other important things that you need to know about it.
These Junior Terms apply in addition to our Personal Terms, when you choose to use Revolut Junior. If there is any inconsistency between the Personal Terms and Junior Terms, these Junior Terms will apply.
If you do choose to use Revolut Junior, these Junior terms will form part of the legal agreement between you (the account holder) and us (Revolut Technologies Inc.). There is no legal agreement between us and any Juniors you allow to use your Revolut Junior account.
To set up a Revolut Junior account, you must first have a Revolut personal account.
When we say ‘you’ in these Junior terms, we mean a Revolut personal account holder. When we say ‘Junior’ we mean any person between the ages of 12 - 18, who you have allowed to use your Revolut Junior account.
When we say the ‘Revolut app’ in these Junior Terms, we mean the Revolut app that you use to access your personal account. When we say the ‘Junior app’, we mean the app that Juniors use to access your Revolut Junior account. These are separate apps. You cannot access the Junior app and Juniors cannot access the Revolut app.
You can ask for a copy of these Junior Terms through the Revolut app at any time.
Revolut Junior is designed for parents who want their children to gain financial skills and to learn how to use and manage money. (Your use of a Revolut Junior account for any other purpose may breach the Junior Terms.)
A Revolut Junior account is a sub-account of your Revolut personal account that you allow a Junior to use. As it is a sub-account of your personal account, you are responsible for everything a Junior does using it as if you had done it yourself.
The Junior can view any transactions made on their Revolut Junior account using the Junior app. They will also be issued with a card linked to the account that they can use to spend and withdraw cash. Juniors cannot make or receive transfers using the Junior app.
You can send money to and from the Revolut Junior account, keep track of how Juniors are spending that money, and control how Juniors can use their card using the Revolut app.
A Revolut Junior account and card can only be used to spend the money you have sent to the Revolut Junior account. If your Junior attempts a transaction using their Revolut Junior card and there are not sufficient funds in the Revolut Junior account then the transaction will be declined, even if there are sufficient funds in your Revolut personal account.
You can create a Revolut Junior account at any time in the Revolut app. When you do so, you must assign the Junior who you are giving access to the account. If we ask, you also must provide us with the information we need to verify the identity of the Junior. You can only give a person access as a Junior if they are aged between 12 and 17 and you are their parent, legal guardian, or otherwise have legal responsibility for them.
If you have more than one Junior, you can create more than one Revolut Junior account. However, each Revolut Junior account can only have one Junior linked to it, and the Junior you assigned to have access to the account cannot be changed.
As a Revolut Junior account is a sub-account of your Revolut personal account, you are the legal owner of it. You are responsible for everything a Junior does using your Revolut Junior account as if you had done it yourself.
This includes any Revolut Junior card. Each card issued for your Revolut Junior account is issued to you and you authorize your Junior to use it on your behalf. You are responsible for it and everything a Junior does using it as if you had done it yourself.
Although we provide you with tools to assist you to control your Junior’s use of a Revolut Junior account (like preventing ATM withdrawals or online purchases, and by adding or removing money), you remain responsible for that use.
Only you and we (Revolut Technologies Inc.) have rights under these Junior Terms. Juniors do not. This agreement is personal to you and you cannot transfer any rights or obligations under it to anyone else.
As you are the Revolut Junior account’s legal owner, you are responsible for it and all actions taken by your Junior(s) with it. We do not accept any liability for how or where the Junior Card is used by your Junior(s).
You are also responsible for:
Remember, the rules on account and card use set out in the Personal Terms apply to your Revolut Junior account as well because it is a sub-account of your Revolut personal account. This means you are also responsible for ensuring that your and your Junior’s use of your Revolut Junior account is in line with those Personal Terms.
You can order one Revolut Junior card for each Revolut Junior account. This card must be used by, and only by, the Junior you assigned to have access to the account.
The Revolut Junior card can be used like any other card on your Revolut personal account to make online purchases online or in person and to make ATM withdrawals. You can turn these features on and off from the Revolut app.
To make the Revolut Junior card as safe and secure as possible, we block merchant types which we think aren’t age appropriate for Juniors. For example, merchants who only sell alcohol, cigarettes and gambling products. To do this, we rely on the merchant’s registered business type (also known as an ‘MCC code’), not the actual details of what is being bought on a Revolut Junior card. This means Revolut Junior Cards are not restricted from, for example, buying alcohol at a supermarket (because the category of ‘supermarket’ is not restricted) or at a merchant with an inaccurate registered business type. If we turn a merchant off, you can’t turn it back on.
You can only open and send money to a Revolut Junior account in the base currency of your Revolut personal account. This is normally the currency of the country of the address of your Revolut personal account.
If you use a Revolut Junior Card to make a purchase in a currency other than your base currency, we’ll perform a currency conversion in the same way as we would for a transaction on your Revolut personal account.
It is free to create a Revolut Junior account.
If you order a Revolut Junior card, the same fees apply as for the tier of the Revolut personal account which you hold (e.g. Standard or Premium). If a fee does apply, you’ll be shown it in the app before you incur it, and it will be charged to your Revolut personal account.
The use of your Revolut Junior account is subject to the same fees as for your Revolut personal account, other than the following exceptions:
The use of your Revolut Junior account also has the following limits, which your Revolut personal account does not. These limits apply to each individual Revolut Junior account separately, not across all your Revolut Junior accounts if you have more than one:
Just like your Revolut personal account, Revolut Junior accounts are not designed to have a negative balance. However, this can happen if, for example, you do not have money to cover fees owed to us or because you have made an offline transaction.
When this happens, we will contact you to remediate the negative balance. If you do not, we will transfer the amount of the negative balance from your Revolut personal account to your Revolut Junior account. If this results in a negative balance on your Revolut personal account, our Personal Terms will apply in the ordinary way.
If you want to stop the use of a Revolut Junior account at any time you can:
If you want to permanently close a Revolut Junior account, you need to contact us. Upon closure, any remaining money in the Revolut Junior account will be returned to your Revolut personal account and the relevant Revolut Junior Card will be cancelled. Remember, the rules for account closure in our Personal Terms also apply to your Revolut Junior account.
When a Junior turns 18, they can continue to use the Revolut Junior account until the earlier of their 19th birthday or the card expiring. We won’t issue any new card to a Junior who is over 18.
Once a Junior turns 18, they will be eligible to sign up for a Revolut personal account. If they do, you should let us know so that we can close the Revolut Junior account and cancel the associated Revolut Junior card.
As a Revolut Account is a sub-account of a Parent’s personal Revolut account, closing the personal Revolut account means the Revolut Junior Account will be closed too.
Please contact us if you plan to permanently move to another country. You may need to provide us additional information so that can determine if we can continue to offer you a Revolut Junior account in that country. If we can’t, your Junior account may need to be closed.
By entering into these Junior terms, you are giving us permission to gather, process and store your Junior’s personal information for the purpose of providing our services to you and them. This doesn’t affect any rights and obligations you, your Junior, or we have under COPPA.
You can withdraw your permission to us processing your child’s personal information by closing your Revolut Junior account, which will end your agreement to the Junior terms between you and us. However, the agreement and the Personal Terms will remain in place between you and us, for your Revolut personal account.
If you end your agreement to these Junior terms, we’ll stop using your Junior’s information for the purpose of providing our services, but we may need to keep their information for other legal reasons.
Remember, except as expressly modified in these Junior Terms, our Personal Terms apply to your use of Revolut Junior. This means that all the rights you and we have under our Personal Terms also apply to your use of Revolut Junior. For this reason, you should read these Junior Terms and our Personal Terms together.