They squeezed in an item on these at the end of Money Box, (Radio 4 yesterday.) The presenter of the programme should have nailed the crook promoting this to the floor, but ran out of time, I guess. It's a Visa card being promoted as a "savings card" for kids... with a pound a month fee, plus charges for deposit, withdrawal, etc, and even charges 5 pounds to close the account. Maybe the idea is to teach kids that they'll get ripped off by the finance industry, and perhaps come to accept that that is the natural way of things and pay up uncomplainingly.
- posted 7 years ago