How to lock your child's savings so they can't remove money
It's can be tempting to dip into your long-term savings if you need an extra dollar here or there, but if you want to avoid this happening, you have the option to lock down your child's Save pot.
This means they can still add money to Save but can't remove any. To set this up:
- Go into your child's account and tap on the 'Settings' cog in the top right corner
- Tap on 'Pot Settings' towards the bottom of the list
- Tap on 'Save'
- Next to 'Allow [Child's name] to remove from Save' you will see a slider button that is switched on which you tap once to switch off
- Click 'Save' to update your child's Save Permission