To open a Liv. young account for your child, you will need a Liv. account of your own. You can open a maximum of 5 Liv. young accounts for your children between the age of 8 to 17 years and 6 months old by simply using their Emirates ID. To open an account, log in to your Liv. app and go to Products > Liv. Young and follow the steps.

When the child turns 18, you will get a notification in your Liv. app reminding you that your child should open a standard Liv. account (adult version). Your child will then be prompted to download the Liv. app (adult version) using their Emirates ID.

The interest rate will follow the parent’s interest rate basis the below guidelines:

All you need to do is log in to your Liv. app, go to the products tab and choose Liv. Young.

We’re going to need your child’s Emirates ID just to verify their identity.

Your child should be between the age of 8 years to 17 years and 6 months for you to open an account for them.

Yes, you can. While your children will have to download the Liv. Young app individually, you can check all their details through your own Liv. app. You can open up to 5 Liv. Young accounts through one parent app.

Yes. Opening a Liv. account is easy. Simply download the Liv. app, scan your Emirates ID, cross-check your details and you’re done! Once you receive your debit card and activate it, you can open a Liv. Young account for your child.

Once your child turns 18, a notification will appear in your account that your child has turned 18 and will now have to open their own Liv. account. They will then be prompted to download the Liv. app (adult version) using their Emirates ID.

Yes. The Liv. Young app is for kids to use while parents can track their kids’ expenditure through their own Liv. app.

Yes. If you open your Liv. app, you’ll see a section called Liv. Young, under Products. Tap that, choose your child’s name and you can track their spending. It will be similar to the transaction view on your Liv. app.

The parent who has opened the Liv. Young account through their app and other Liv. Young users can transfer money.

Yes, you can but your child needs to have an Emirates ID and a valid UAE residency.

No. You’ll have a complete view of how, what and where your child is spending from your own Liv. app. You can also control and set rules on your child’s app through your Liv. app.

You can change it from your Parent app.

• To change email - Simply log in to your Liv. app > Products > Liv. Young > Settings > Change email. The email address must be valid, unique, and not registered under any other Liv. accounts.
• To reset password - Simply log in to your Liv. app > Products > Liv. Young > Settings > Reset password. For now, your child’s password can only be reset by you through your Liv. app.

You can set a spending limit for your child and enable or disable merchants for your child’s Liv. young account at any time. Your child won’t be able to spend more than the allowed limit. To change the spending limit, log into your Liv. app > Products > Liv. Young > Settings > Spending limit To view your child’s transactions via your Liv. app > Products > Liv. Young. Choose your child’s name to view their spend history.

You can set an allowance amount and frequency through your Parent app, which will automatically transfer a fixed amount of money to your child’s Young account on a recurring basis. You can change the allowance amount and frequency whenever you like.

You can assign Tasks to your child(ren) from your own Liv. app, and reward them for completing them. Tasks can be homework assignments, household chores, etc. And you can create as many Tasks as you like! Once you assign a Task, your child will get a notification in their app. The money you’ve set aside for completing a Task will be transferred to your child’s account once your child marks the Task complete on their Young app AND you approve it.

Absolutely! Your child can simply create a Task from their Young app, and it will come to you for approval.

A child can transfer money to any other Liv. Young account, or to their parent’s account. The child will be automatically added as a beneficiary in the parent’s Liv. app. Parents can take money from their child’s account at any time. Product > Liv young > Wallet > add/withdraw

Wait for 48 hours for the transfer to reach your child’s account. If it’s been longer, chat with us for help.

Yes, the Parent can control settings for cash withdrawal and deposit, using the Parent app. Your child will not have access to control any settings.

Fees & charges for the Liv. Young account

It’s optional to get a debit card for your child but you can opt to give them one. You will have full control over activating it and setting the PIN. Your child can get the credentials from you.

You can only have 1 debit card at a time. If your card is lost, blocked, stolen or damaged, you can request for a new one.

You card will be delivered to you within 7 working days.

The parent will have full control over debit card operations.

Only the parent who have opened the Liv. account through their app will have access to changing the card’s settings.

• You can choose to get a debit card for your child, to order a debit card, simply log into your Parent app > Products > Liv. Young > Settings > Request new card or tap here.
• A fee of AED 25 (+VAT) will be deducted from your account for the debit card delivery which will be delivered within 7 working days. Please be present at the time of delivery with your valid Emirates ID for verification.
• Only you will have full control over activating it and setting/resetting the PIN in your Parent’s app settings page. . Once you get the debit card simply go to Parent app> Settings > Activate, at the top of the page and You’re all set!
• Each Young account can have 1 debit card at a time. If your child’s Young card is lost, stolen or damaged, please request for a new card .

• If you enter an incorrect PIN 3 times at a merchant, we’ll block your card for 24 hours for your safety. After 24 hours, your card will automatically be unblocked.
• In case you enter an incorrect PIN at an ATM, your card will be captured & destroyed. Don’t worry! You can request for a new card
• To change a debit card PIN, log in to Parent app > Liv. young> Settings and tap ‘Change card PIN

Your child will be automatically added as a beneficiary in your account once you open the Liv. Young account for them. You can also set a daily, weekly, monthly, or on-demand allowance for your child through the app.

Yes, parents will have the option to add/withdraw funds on their app.

You can set a spending limit for your child and track their expenses. They won’t be able to spend more than the allowed limit.

You will have complete transparency on your child’s financial activities. This includes knowing their balance and their transaction history. Please note that only the parent who has opened the Liv. account through their app will be able to see and manage their child’s account.

No there is no minimum balance requirement.

If applicable, the funds will be debited from the parent account. The fees and charges are mentioned below:

If the primary account holder is an active Liv. Prime subscriber or has maintained a monthly average balance of AED 10,000 or higher in the previous month there will be no charges. If the above is not applicable, then the charges will be AED 5 per month per account.

If you have more than 2 Liv. Young accounts, the charges will be AED 10 per month per account.

Yes, you can set any amount as a spending limit for your child, starting from AED 1. You’ll also have the control to change the limit through your own app.

The primary account holder has the access to change the email ID from their app by going to Products>Liv. young>Settings>Change email. The email ID should be valid, unique, and not registered under any other Liv. accounts

You can change the password from your app by going to Products>Liv. young>Settings>Reset password. Do remember that the password should be unique and shouldn’t be a password that’s been used earlier.

Your child can set up unlimited number of Goal Accounts to save for something they want! They can move money into their Goal account and even set up automatic rules that do the saving for them. They can change the rules and take the money out whenever they want. They simply need to log into their Liv. Young App > Products > Goal Account to get started.

Your child can open their own Goal Account from their Liv. Young app. They can have multiple Goal Accounts so you can encourage them to save more.

Yes, they can transfer funds to and from the Goal Account as many times as they want.

Your child can change the rules of the Goal Account as many times as they want. They just need to choose the Goal Account and tap Edit your goal.

You can assign different chores for your child(ren) through your own Liv. app and reward them for completing it. The money you’ve set aside for completing a chore will be automatically transferred to their account once they mark it complete on their app. Once you assign a chore, your child will get a notification about it and they can get to work right away. There is no limit to the number of chores you can create.

You’re going to need your parents to open an account for you. Just send them the link of the Liv. Young website and they’ll know what to do.

You can download the app from the respective App/Play Store and you’ll be able to access all its cool features. You can’t perform any financial transactions till you open an account, though.

Yes, they will be able to see your transactions.

Yes, they need to have Liv. accounts but opening one is easy-peasy and takes only 5 minutes! All they need to do is download the Liv. app, have their Emirates ID and a working phone number ready.

Of course. Just create the chore, set your payment and you can start once your parents approve it from their Liv. app.

You can send money to other Liv. Young users so invite your friends to join the fun!

Your parents need to apply for a debit card, and you can get it from them once it’s delivered.

Your parents will have full visibility over your spends and can set a limit for it through their Liv. app.