For 5 years now, Ukrainian kids and teens have been acquiring financial skills thanks to Oschadbank’s LIKE`U card

The special LIKE`U card for children from Oschadbank, which helps the youngest members of families acquire financial skills, is now 5 years old! During this time, the product has won the trust of Ukrainian families, and today it is used by about 185,000 young customers of the bank. The LIKE`U card helps children aged 6 and older and young people to make purchases independently, accumulate funds with interest, receive bonuses, and exchange them for gifts. At the same time, parents can set spending limits for their children using the card if they wish. In addition, it has a bright design and glows under ultraviolet light; this year, the bank updated this design as part of its new “Shine” concept.

"We want children to learn how to plan their own budget and be familiar with digital banking from an early age. In addition to making the process engaging, the LIKE`U card makes it simple for parents to guarantee their kids' financial security. We are confident that taking the first steps in the world of finance at an early age lays the foundation for future financial literacy," comments Anton Tiutiun, Deputy Chairman of the Board of Oschadbank.

To apply for a LIKE`U card, you need an ID card or birth certificate of the child and their TIN. LIKE`U is the only children's card in Ukraine that can be applied for via chatbots. Oschadbank offers this option on Viber, Telegram, Facebook, or on its official website. The card can also be ordered at Oschadbank branches.

Other key benefits of the card include:

• payments of 50 UAH or more allow you to accumulate points in the Mastercard More rewards program;
• funds can be multiplied with the Mobile Savings service and 3% on the balance;
• ability to add the card to Apple Pay and Google Pay;
• secure use with a PIN code, CVV, and access control via the Oschadbank app.

Plans for next year include issuing LIKE`U cards in Mobile Oschad and updating the list of services to reflect market needs.

A gift promotion will run until November 15, the card's birthday. According to the terms of the promotion, to win prizes, you need to purchase any goods worth at least UAH 500 per month and pay for them with a LIKE`U Mastercard from Oschadbank.

Prizes include 30 electronic certificates for purchases worth UAH 500, two compact 3D printers, and the grand prize, a brand-new top-of-the-line smartphone.

New winners receive gifts every month, so everyone has a chance to win.

LIKE`U from Oschadbank and Mastercard combines security, convenience, and bonuses that make financial education for children exciting and useful.