Boursorama Banque Lance Freedom to replace Kador

Freedom remains a product intended for adolescents under their parents’ control. The latter must already have a Boursorama account to be able to register their child from their personal space. They then retain the possibility of consulting the accounts of their offspring from their secure interface.

What is the Freedom offer and what does it understand ?

The Freedom offer is accessible to any minor aged 12 to 17 and a half, of which at least one of the two parents is the Customer of Boursorama Banque. This offer is completely free and made up of the following elements:

• A bank account and a RIB allowing to receive transfers
• A bank card which you can modify the ceilings
• A mobile application so that your teen can follow his account

In its application, your teen will have access to several services such as the possibility of applying you for money if necessary. It can also make transfers by SMS (service that you can deactivate at any time in your customer area)

For more information or to subscribe, go to the “Products” and “Freedom” section.

Similar questions

• How to consult my RIB on my Freedom application?
• How to contact Customer Service for my Freedom account ?
• How to update my contact details on my Freedom application ?
• How to modify my password on my Freedom application ?
• How to recover my child’s Freedom account identifier ?
• How to use the “SMS transfer” service on my Freedom application ?
• Can I benefit from the account on a young booklet by being of age ?
• Can my child have a checkbook as part of the Freedom offer ?
• Can my child consult his accounts ?
• My child wishes to have access to his savings accounts, what should I do ?
• Can we domicile samples from a minor account ?
• What if I forgot or lost my identifier (Freedom) ?
• What type of account can I open to my child ?

Boursorama Banque Lance Freedom to replace Kador

So young and already old -fashioned ? Only four years after his birth, Kador, the Boursorama Banque reserved for 12-17 year olds becomes Freedom. Behind this name change hide additional services and a redesigned application.

A minor offer modeled on that of adults

Argument put forward by Boursorama Banque to explain the moulting of Kador in Freedom ? Bring the 12-17 year old offerings closer to other offers in the range. Adolescents now have access to A purple visa card in recycled PVC whose design takes up that of Welcome and Ultim. It includes insurances usually provided by visa (medical assistance in the event of injury or illness in particular).

Freedom includes features inspired by those available for adults. Minors can now send money to their loved ones by SMS. They can also receive push notifications when they make a purchase or receive a transfer and test mobile payment (Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay). This is also available before he even received his card, upon validation of the registration. And like their parents, teens will soon be able to sponsor their friends and be rewarded with each new subscription.

The most visible modification concerns the application. Exit the smileys and the design deemed too childish of Kador. Freedom’s interface takes up the graphic charter and the ergonomics of those of adult accounts. Boursorama Banque thus hopes to offer the same user experience to all its customers, whatever their age. A way to ensure a smooth transition during the passage from Freedom to Ultim, Welcome or Metal.

Services adapted to adolescents

Freedom remains a product intended for adolescents under their parents’ control. The latter must already have a Boursorama account to be able to register their child from their personal space. They then retain the possibility of consulting the accounts of their offspring from their secure interface.

To avoid any unpleasant surprises, the card is a Bank card with systematic authorization And the overdraft is not allowed. It is free, as is its use (withdrawal and payments) in the euro zone. The ceilings are defined and modulated by legal representatives.

In order to meet their urgent or unexpected expenses, children have the possibility of ask for money to their parents or to transmit their bank identity statement by SMS, WhatsApp and by email.

Why change a winning formula ?

Since its launch in 2017, Kador has convinced 340,000 customers and display growth of 50% over the last twelve months. The 12-17 today represent 10% of the users of Boursorama Banque and 95% of them remain faithful to the Société Générale subsidiary after celebrating their eighteenth anniversary.

When he started, Kador was a pioneer in the face of the young subscriptions of traditional banks. But since, Online banks and neobancs were interested in the 10-18 year old market. Nickel offers an account opened at every 12-18 years for 20 euros per year. The Junior Revolut Junior Sub-Compment is accessible from 7 years old and Hello Bank deployed in November 2021 an offer for the children of its customers. Orange Bank has chosen to stand out with a family pack at 12.99 euros per month comprising 2 bank cards for adults and up to 5 for 12-17 year olds.

And if so far the teens tended to choose the same bank as their father or mother, young consumers now have their own establishments. Fintechs Pixpay, xalis, Vybe or Kard only market payment solutions reserved for 10-18 year olds. For less than 5 euros per month and with the agreement of their legal representatives, they can benefit from a bank card with systematic authorization and an application to help them manage their budget. They also take advantage of options like prints to save, cashback programs or visuals of your choice.

By replacing Kador with Freedom, Boursorama Banque intends to consolidate its place as a leader in online banking, including for adolescents. To do this, it has one step ahead of neobancs. At home, it is possible to open a booklet A, a placement held by 55 million French people including 18% of minors.