You may have watched Dragons’ Den on TV and seen the Sibstar debit card being showcased as a great business idea?
The person behind the idea is a Winchester woman who has had to deal with her own struggles with money and her parents’ when their cognitive abilities declined.
In a changing world, where it is so easy to get scammed, it is so important to have a better grip on the finances of someone who has less ability to take control of their own finances. As a care company, we have had reports of clients being targeted by scams, and there is very little in place to stop this happening.
This is where the Sibstar card and account is revolutionary and helps reduce the risk of this happening.
Signing up for the card is straightforward. Download the app on your phone once you get a card through the post and give the card to the person who needs it.
You can transfer funds to the Sibstar account from any existing bank account and it works in the same way as any other transfer.
On the app you can set a daily allowance, when the card has been used it will instantly alert the person with the app of the amount and the place it was used. The money is deducted from the amount on the card.
The daily monthly and cash point withdrawal limits can be altered as some days there may be a need for a greater allowance. Most importantly you can turn off the use for cash withdrawals, online and phone use giving more protection from scammers.
For more information and to see if this is something that would work for you visit Sibstar’s website – https://www.sibstar.co.uk/