Famzoo comes with a beautiful slogan “preparing kids for the financial jungle”. Basically, Famzoo provides prepaid cards for kids, teens, and parents. With the Prepaid debit card, you and your children act as a banker and customer. Where you are the banker and your children are customers. It is not only a prepaid card, it’s a great teaching tool.

Hello everyone, today I am going to review Famzoo Prepaid Debit Card. I will give you a clear idea about FamZoo prepaid debit card, pros & cons, best alternatives, fees, card limits, how does it work, is worth buying a FamZoo card, how to use it, the best alternatives, and more.

What is FamZoo?

FamZoo is a prepaid debit card provider that provides MasterCard and helps you to give your kids financial education. With the prepaid card account, you can act like a banker where your children or family members are your customers. You can load money and expense where MasterCard is accepted.

Types Of Account:

FamZoo prepaid card works like your regular debit card but it is a little different than others. Famzoo offers two types of accounts, where one is called prepaid card account and another one is IOU accounts. So you must have an idea about it. 3 types of Famzoo prepaid cards are:

1. IOU account

As an example, let you are a parent and have two children. If you sign up for an IOU account then you have to register your family and select a family sign-in name and password. Now you should create separate two accounts for your child. You or your children can create passwords and user names.

Next as a parent, you will get a wizard and you have to set up a bank for each of your children. Now load your account and set up automatic payment for your children. Once your setup is done, you can monitor where your children spending their balance. They can use this money online where a MasterCard is accepted.

2. Prepaid Debit Card

The FamZoo prepaid debit card is also the same process. But here you will get a real card and you can decide where your children can use the fund or money you are giving them. Here you will have to decide how to actually fund the prepaid card. You have options, you can choose MasterCard, Visa, American Express, or PayPal. And you can order individual cards for each of your children. If you want you can decide specific purpose. And order up to 4 prepaid cards for free.

How Does Famzoo Work?

Once your account is done you are ready to go. Now you just need to load your account. And once you load up the money, you can distribute this money to your kid’s or family members’ accounts. For this, you don’t need to pay a single penny. Besides, you can move this money by using a mobile app or set automatic move money.

The best part of this card is you can encourage your child to pay interest in their savings. And you will be set up a rate. You can create a vacation fund and it will collect funds automatically from the accounts. And you are the primary person who can spend or send back them.

How To Load Famzoo Prepaid Debit Card Account?

You will get multiple options to reload your IOU account or FamZoo prepaid debit card account. You can reload or add money to your main FamZoo prepaid debit card account with direct deposit, bank transfer, MasterCard rePower, Reload At the Register.

Famzoo Prepaid Card’s Pros

Hope you already got a clear idea about FamZoo Prepaid Card and how does it work. Let’s take a look at the upsides of the prepaid card:

1. Great Budgeting Tool

First of all, I will say it is a smart budgeting tool for you and your family members. If you own a FamZoo account I think you don’t need to use an extra budgeting app.

2. Free Load

FamZoo has multiple reload options and all the reload options are free. And I think the MasterCard card provider did an excellent job here. This feature makes their card less expensive than other virtual prepaid cards.

3. No Transaction Fees

If you have any idea about the prepaid virtual card, you may know for most of the cards you need to pay fees. But when you are going to transfer money or fund to your family members account you don’t need to pay any fees.

4. Easy To Use

It is really easy to use and maintenance a FamZoo account. You just need to sign up for the card and make a payment using PayPal or PopMoney.

5. Teaching Tool

Finally, I want to say it is also a great tool if you want to learn your child about banking. And encourage them on savings and giving them interest on their savings.

6. Other Feature

Besides, there have no overdraft fee, no risk of debt, no hidden and late fee. Besides the app is secure. The app doesn’t record any of your passwords.

FamZoo Prepaid Card’s Cons

Well, let’s take a look at the cons or downsides of FamZoo prepaid debit cards. I hope it will help you a lot to compare with other cards and help you to decide is it worth buying the prepaid card or not.

1. No Different Price Plane

If you want to get a FamZoo account or prepaid debit card you don’t have multiple payment options. But I think it may be good if there have different payment plans. And people can start with a small plan and then ramp up to advanced features.

2. Less Payment Option

Another problem is you have only payment options – PayPal and PopMoney. But if you don’t have any of them you have to take help to make a payment who have PayPal or PopMoney.

Gift Subscription

You can gift a FamZoo subscription to the family you know. There have three different gift plans, for a three-month subscription $17.99, for 6 months $25.99, and for 12 months $39.99. Cool, if you want to add your friends or relatives to your network, you can gift a package to them.

Customer Care Number

FamZoo Customer Care Number: +1 412-326-9661; Email:

Famzoo Card Limit

Card limit$5000
Daily Spending Limit$5000
Daily ATM Limit$510
Cash Load Limit$2500
Famzoo Preapard card limit

FamZoo Fees

Activation Fee$0.00
Monthly Fee$2.50
ATM Fee (in-network)$0.00
ATM Fee (out of network)$0.00
Signature Purchase Fee$0.00
Pin Purchase Fee$0.00
Direct Deposit Fee$0.00
Cash Reload Fee$0.00
FamZoo fees

You can reload up to $5000 into your account, the daily spending limit is $5000, the daily ATM  transaction limit is $510, and the daily cash load limit is 500 dollars. There have no activation fee, atm fee. Besides, there have no fees on signature purchase, pin purchase, and card reload. The monthly fee is $2.50. But the monthly fee can be changed.

Is FamZoo Legit Or A Scam?

Yes, FamZoo is 100% legit, it is not a scam. It was founded in 2006 and owned by FAMZOO, Inc.

FamZoo Prepaid Card Alternatives

If you already have a FamZoo Prepaid Card then I think you don’t need to go for an alternative. The best alternatives of FamZoo prepaid MasterCard are Greenlight, Bankaroo, PiggyBot.

Greenlight VS Famzoo Prepaid Debit Card

FamZoo and Greenlight are almost the same. There has a simple difference between the prepaid card and that Greenlight doesn’t have any IOU account. Greenlight only offers a prepaid debit card.

Our Review

If you are looking for a prepaid MasterCard and want to teach your kids financial education then it could be a good choice.


Overall FamZoo is not only a prepaid card, it is a smart prepaid card for kids of all ages and parents. You can use it as your regular bank debit card.

Read more: NetSpend Prepaid Card review.