Kidfund is a free social savings app that makes it easy for parents to save money for your kids and receive cash gifts from family and friends directly into your child’s savings fund.
You simply open your kid’s free savings account on your phone in a few seconds, connect a funding account, and start adding savings to watch your kid’s funds grow.
You can then invite all of your family and friends to help contribute funds by sending cash gifts for birthdays, holidays, special memories, and for life’s little moments.
There are no fees and no minimums to open a Kidfund savings account, you’ll receive a 3% interest rate on the first $500 in savings, and the account is federally insured for up to $250,000.
Get a $5 Kidfund Sign-Up Bonus: Just visit this $5 Kidfund App Referral Bonus Link to download the free Kidfund app (iOS only) and earn a $5 cash bonus after you make your first deposit.
Please note that anyone can open a Kidfund account to save money for any kid, as you don’t necessarily need to be the parent, and the savings account is fully owned by the adult.
About Kidfund Social Saving App
Parents can Download the Kidfund App to open a free Kidfund savings account for your kids with no fees and no minimum balance requirements.
The Kidfund bank account is actually owned by the parent and not the kid, so any adult can open an account in your own name and save money for any kid in your life, which is great for grandparents, step-parents, aunts, godparents, etc.
The Kidfund savings account provides an interest rate of 3% APY on the first $500 in savings deposits, and the account is federally insured for up to $250,000 with bank-level security.
Once the account is opened, you can invite all of your family and friends to participate and help grow larger funds for your kids, which can be used for college funds or other financial goals in the child’s life.
The Kidfund App also provides a way to create videos and photo memories that you can share on special occasions with your family and friends.
In addition to helping parents build your own kids’ funds, Kidfund also makes it easy for families to donate a percentage of your kids’ gifts to college savings accounts for low-income kids.
$5 Kidfund App Sign-Up Bonus
You can download the app through this $5 Kidfund App Referral Bonus Link to receive a $5 bonus when you start saving for your kid with Kidfund.
You’ll receive the $5 cash bonus after you make your first deposit into your Kidfund savings account.
The $5 will be deposited directly into your Kidfund savings account.
Please note that the $5 bonus is awarded per account, and not per child, so if your account has 2 children, $2.50 will be gifted to each child’s fund.
If you have charitable giving turned on, your designated percentage will be donated to charity.
This $5 Kidfund bonus offer is for new customers only when you create your first Kidfund account.
Kidfund App Refer-A-Friend Program $5 Rewards
Once you create a Kidfund account and start saving, you can participate in the Kidfund Referral Program to earn $5 for both you and your friends when you start saving for your kids.
When you invite other parents to start saving for their kids, you will each get a $5 cash bonus after your referrals make their first deposit.
There is no limit to the number of $5 invite bonuses that you can get, so you can help everyone save for their kids and share unlimited $5 referral rewards.
About Kidfund Savings Account
When you open a savings account through Kidfund, you are opening a MyLife Savings Account with USALLIANCE Financial.
USALLIANCE is a $1+ billion federal credit union currently serving over 90,000 members worldwide.
You will receive account information directly from USALLIANCE via email when you open your account, and you can access your funds directly through USALLIANCE as well as through the Kidfund App.
You can fund your Kidfund savings account by connecting your checking account from another financial institution, and credit/debit payments will be available soon.
There are no fees and no minimum balance requirements associated with this account, and you’ll earn a 3% interest rate on your first $500 in deposited savings.
All of the money that you deposit into your Kidfund savings account is NCUA insured up to $250,000.
The parent (or adult who opens the account) owns the account, which means the account is in that person’s name.
One savings account is linked through the Kidfund App to each child profile that the parent creates, so a family can easily create separate accounts for all of your children.
Sending Money to Kids with Kidfund
You can send money for free to any Kidfund savings account from a linked checking account via ACH (Automated Clearing House).
Even if you don’t have a kid yourself, you can sign up for the Kidfund App to send money to another kid or create an account for a kid in your life who is not your direct child.
In order to send money to your own or another child’s Kidfund, you’ll need to link a funding source, which currently requires a checking account (credit/debit coming soon).
Start savings funds for your kids today with the free Kidfund App, plus get a $5 sign-up bonus when you start savings for your kid and an extra $5 referral reward for each parent that you refer to Kidfund.
You may also be interested in the goHenry Debit Card for Children to help manage a budget for your kids.