Money management can be tricky for teenagers, which is why Dosh has launched Dosh for Teens. Dosh for Teens gives young people financial freedom, without the worry of debt. Canstar explains.

Have you signed up for Dosh yet? Dosh is New Zealand’s first digital wallet. It enables instant payments in shops and restaurants, and money transfers between friends and family, through its clever app, making them super quick and easy.

Dosh is also the winner of Canstar’s most recent Innovation Excellence Award, due to its great free cashback program.

What is Dosh?

Dosh acts as a digital wallet, replacing the need for bank transfers by allowing you to pay your friends or family money instantly, without any pesky transfer fees. Unlike other financial platforms, Dosh also doesn’t charge you any monthly fees.

Dosh takes away the awkwardness of waiting for a friend to pay you back, by allowing you to send a payment request via the platform.

Dosh recently partnered with Visa to create the Dosh Visa Debit Card to make split payments easier. The card allows you to pay online or instore and the fee is instantly split between you and your friends or family. Even better, you can earn cashback rewards, which are paid directly into your Dosh account.

What is Dosh for Teens?

Dosh for Teens is an easy way to introduce financial freedom and responsibility to Kiwi kids. Young people can monitor their transactions, split bills between friends and request money instantly. Teens can use the Dosh Visa Debit Card without going through the hassle of setting up a bank account. Because it’s a debit card, users will never be able to spend more than they have in their Dosh account. Spending limits can be placed on Dosh Visa Cards if necessary.

What are the benefits of Dosh for Teens?

Dosh makes money management easy, benefits include:

  • Request money from a parent/guardian and spend it instantly with their Dosh Card
  • Have part-time job wages paid directly into their Dosh account
  • Split costs easily while out and about
  • Easily transfer money between friends and family
  • Pay back friends instantly
  • Earn $5 each time a friend is invited to use Dosh
  • Earn cashback rewards when shopping online

Is Dosh for Teens safe?

Dosh for Teens is a safe way to introduce teenagers to spending money and being financially responsible. Unlike a credit card, users are unable to spend more money than they have in their account.

Dosh for Teens also keeps young people safe when their caregivers aren’t around. If they’re stuck in town, they can send their parent a request money for a bus fare to get home. Instant transfers ensure that teens are paid right away for their afterschool or weekend jobs.

You can trust Dosh to keep your money and privacy safe, with their world class security systems. The funds in your Dosh account are safely secured under trust at a registered NZ bank.

If a Dosh Visa Debit Card is stolen or misplaced, it can be temporarily locked or unlocked via the app. You can also choose to be notified of any purchases with your Dosh Card.

How do I get Dosh for Teens?

  1. Install the Dosh app from the App Store or Google Play
  2. Confirm you are aged 13 years or older and agree to the T&Cs
  3. Verify phone number and email address
  4. Enter your personal details and provide one form of photo ID*
  5. Create a four digit sign-in pin
  6. That’s it! You’re all set to start using your Dosh account

*Accepted ID includes a passport or NZ driver license

How do I get a Dosh Visa Card?

The Dosh Visa Debit Card can be ordered easily through the Dosh app. It doesn’t cost anything to order, and has no monthly fees. The Dosh Card will soon be available in digital form, so you can pay instore with just your phone.

About the author of this page

This report was written by Canstar Content Producer, Caitlin Bingham. Caitlin is an experienced writer whose passion for creativity led her to study communication and journalism. She began her career freelancing as a content writer, before joining the Canstar team.

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