In this article:
Overview
You can add a login for your child's kids and teens account any time after it's opened by creating one for them. Once they're logged in, your child can view their balance, activity, and card details from the Wealthsimple app or on web, though moving money is only available in the app.
Setting up your child's login
You're not required to set up a login for your child when you open their account. By default, no login is created, and the account works with just you managing it.
After you open the account, you'll see a temporary card on the dashboard prompting you to finish setting up your child's account with two things left to do:
- Create [your child's name]'s login, and
- Add a co-manager.
This card sticks around until both items are done, or until you dismiss it using the X in the top corner. Even after the card is gone, you can still set up your child's login or add a co-manager any time. Just tap the gear icon on your child's account.
Whenever you're ready, you can add a login for your child from their account dashboard: tap Create a login for them to set your child's email and password directly. Only the primary parent can set up a login for your child.
Once their login is set up, your child can change their password themselves at any time.
Updating your child's login email
If you need to change the email linked to your child's login:
- Log in to your Wealthsimple app
- Tap your child's kids and teens account
- Tap the Settings (gear) icon on your child's account
- Tap your child's name
- Tap the pencil icon next to Contact
- Enter the new email and tap Save
We'll send a confirmation email to the new address. Until you confirm it, the email field shows Update pending and your child's original email stays active, so their login keeps working in the meantime.
Logging in as a child
Your child logs in the same way you do: they enter their email and password in the app, then enter the 6-digit code sent to their email.
Viewing the account on web
Your child can log in on web to view their account, even without the app. Here's what's available where:
Available on both web and the app:
- Balance and balance growth over time
- Upcoming allowance and interest earned (including rate and the split between Wealthsimple and you)
- Recent activity and full transaction history
- Card details (card number, expiry, CVV), viewing PIN, and locking the card
- Notification centre
- Changing their password
- Display settings, like dark mode
- Transactional notifications (deposits, withdrawals, payments/requests, card alerts)
App only:
- Changing their card PIN
- Asking you for money
- Quick login options (like fingerprint or face login)
- Viewing personal information (name, date of birth, email): view-only, can't be changed on either platform
- Haptic feedback (vibration)
Web only:
- Changing the display language
Downloading the app for your child
The Wealthsimple app has a 13+ age rating in the Apple App Store and is rated E for Everyone in the Google Play Store. If your child can't download the app on their own, you can approve it for them using Apple's Ask to Buy feature through Family Sharing.
Your child can also view their account on web without downloading the app; they'll just need the app to spend or move money.
Frequently asked questions
Do I need to set up a login for my child when I open their account?
No. You're not required to set up a login for your child during account opening. You can finish opening the account and set up a login for them later, whenever you're ready.
How do I set up a login for my child after I've already opened their account?
You can do this any time from your child's account dashboard by tapping Create a login for them and setting their email and password yourself.
Can I move money for my child from the web browser?
No. The web account is for viewing information only. Your child can't add money, send money, or make transfers on web; those actions are only available in the app.
What happens if the email I use for my child's login is already linked to a Wealthsimple account?
You'll see a message letting you know that email is already tied to a profile, and you'll need to contact us for help.
Can my child update their password after their login is set up?
Yes. Once your child's login is set up, they can change their password themselves at any time, from the app or on web.
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