Kwidz is a mobile app designed to introduce kids ages 8 to 16 to the fundamentals of personal finance. With the app, they can set savings goals, view transactions, and track their success. The app is fully customisable, from the theme to the goals, so kids can really embrace it in a way that matches their style.
Parents can also use the existing To-dos functionality within myprosperity to assign chores that their kids can view and complete via the app.
Why should I encourage my clients to use Kwidz?
Kwidz is a great tool to engage your customers and demonstrate the value of your services across generations. Whether your clients are Boomers, Gen X or millenials, they’ll love using Kwidz to teach their children and grandchildren the value of money.
Great, I’m in! How do I get this for my clients?
Kwidz is available to all clients who are on a Pro wealth portal subscription (priced at $14.95 per client, per month), so you’ll need to make sure your customers are on Pro if you want them to use Kwidz.
The Pro wealth portal includes live bank feeds which are key to Kwidz’ success: syncing the children’s bank accounts to the app is what allows them to set goals and track against them. For information on what else is included with Pro, and instructions on how to upgrade your customers, click here.
To enable Kwidz, your clients will need to:
- Log in to their wealth portal and sync their child’s bank account in the mywealth area.
- Navigate to myteam, add their child and enable Kwidz. The children will receive an email with instructions on how to set a password.
- Download the app from App Store or Play Store.
Note: If you want to test the app for yourself and your kids – who wouldn’t! – you’ll have to follow these exact steps from your own Pro wealth portal account. Kwidz requires its own login details and can only be enabled for a child entity through the client wealth portal.
For more information on Kwidz and how your customers will experience it, click through to the client support page.
Can a child make a transaction through Kwidz?
No. Kwidz only displays transactions and cannot be used to pay for anything or transfer funds from one account to another.
Is Kwidz secure?
Absolutely. Kwidz, like the rest of myprosperity, is very secure. Data is encrypted using bank grade security, and as the service is view-only, no funds can be transferred via the platform.