Money Carer Cards
Money Carer is the market-leading social enterprise responsible for developing and launching the first-ever payment cards for vulnerable people and their carers back in 2010.
Today, our care cards cards have evolved significantly and are trusted and used by over 300 law firms, local authorities, care providers and family members to support thousands of people with everyday money management and shopping needs.
The cards are integrated into our dedicated banking platform (Monika) designed by our in-house payment software engineers with financial inclusion at its heart.
Importantly, the cards have a higher level of protection than standard prepaid cards as Money Carer cards are linked to proper bank accounts and, as such, they are covered by the Financial Services Compensation Scheme (FSCS).
Features & Functionality
- FSCS Protection (Financial Services Compensation Scheme)
- Up to 5 cards per account, Zero ATM, card replacement or other fees
- Balance alert and sweep system to limit maximum account balance
- Suspicious Transaction Alerts for those responsible for client money
- View account in the Money Carer Secure Online Portal
- View account in the free Money Carer Smartphone App
- Generate bank statements via the portal or app
- Request additional funds via portal or app
- Share Documents vis the portal or app
Contact Us to Get Started
How it Works
Our carer cards are not simple prepaid cards as they are proper, fully functioning, FSCS protected bank accounts complete with a ‘balance sweeping system’ to better safeguard client funds that are made available to third parties by the ability to set maximum or minimum balances on the account.
Direct debits, standing orders and reoccurring card subscription payments can be set up and as the cards are Mastercards, they can be used worldwide online, and instore.
More Features
Once set up, carers, family members or professionals can access all of the following features online or via our app:
Real-time balance and transaction information
PDF account statements
Card balance ‘upper and lower limit controls
Make extra money requests instantly and securely
Send shopping receipts for auditing purposes
Sweep system transfers excess funds to the funding account
View client budget plans and benefit entitlements
Our award-winning carer card system benefits from features such as balance limits, ATM withdrawal, and spending controls. Our monitoring systems continually scan for suspicious transactions and our unique ‘sweep’ system, based on your preferred maximum card balance, can transfer excess funds back into the account the card is funded from to reduce risk and provide greater protection and peace of mind.
This is a fully managed service where The Money Carer Foundation team can be contacted directly by clients, their carers, support workers and other professionals to ensure the smooth running of the accounts and assist with new or replacement cards and also deal with general queries.