Kids Privacy Policy

At Money Bloom, it’s our privilege to help parents raise financially-smart kids, and we take our responsibility to your kids seriously. This “KID’S PRIVACY POLICY” explains our collection, use and parental consent practices in connection with Personal Information of kids under 18 in accordance with the Children’s Online Privacy Protection Act or COPPA. This “KID’S PRIVACY POLICY” uses defined terms from the rest of our Privacy Policy, of which it forms a part.

The Information We Collect, How We Use It, and How and When We Communicate with Parents During the registration process to create a primary account for use of Money Bloom Services, regardless of whether registration occurs on the Website or on the Money Bloom App, we first ask the individual attempting to register for their mobile phone number, whether they are a parent/guardian or a kid, then we ask the individual for their date of birth. If the date of birth indicates that the individual is a kid younger than 18, then the kid receives a message indicating that the kid will need a parent or guardian to create an account, and the kid is shown a message to tell their parent or guardian about Money Bloom and have their parent sign up at the Website or download the Money Bloom App.

In addition, the registration session ends for that individual, we do not retain the mobile phone number or birth date information and no further registration information is collected. If the individual is 1 years or older, then we will request the minor to provide a first and last name, an email address and password, and a parent’s cell phone number so that we can provide the parent with information about how to download the Money Bloom App and finish registering an account.

We request, via digital consent during the registration process, that the parent or legal guardian establishing sub-accounts represent that they are the parent or legal guardian of minors under the age of 18 for whom the account is established and that they consent to our collection and use of the kid’s Personal Information in accordance with this “KID’S PRIVACY POLICY” section of our Privacy Policy.

When a parent or legal guardian decides to add a kid as a sub account, they provide us with the first and last name, and mobile phone number, if any, of a kid under 18 in order to establish the kid as a subaccount cardholder. The kid is then invited to download the Money Bloom App from the Apple® App Store or Google® Play and, upon doing so, are requested to enter an email address, password, date of birth and preferred pronoun. Once a kid under 18 starts using the Money Bloom App, we collect and maintain transaction data and history from our prepaid card services and Invest Account Services for all accounts in order to provide Money Bloom Services to them.

Parents and legal guardians can access Personal Information of a kid under 18 at their own election from the account family’s dashboard, as described in more detail immediately below. When Information is Available to Others Members of Account Family. Parents or legal guardians, as primary account holders, and any secondary approver can see the name, user name, preferred pronoun, email address, mobile phone number, and birth date of their sub-account cardholders as part of the account family dashboard. They also have access to all transaction details in their sub accounts (such as purchase history details and Invest Account trade details). Sub-accounts cannot see one another data (including Personal Information); data relating to sub-accounts is only visible to that account’s sub account cardholder, the primary account holder that designated the sub-account, and the secondary approver (if any) designated by the primary account holder.

Card Issuer

The primary account holder provides Gate to Pay, as card issuer, with access to their kid’s Personal Information in order to issue a prepaid account to any sub-account cardholder (e.g., kids) designated by the primary accountholder. Gate to Pay’s privacy policy is available by clicking on the “Privacy Notice” link at Service Providers. In order to provide requested Money Bloom Services, Money Bloom may also share a kid’s Personal Information, as necessary to perform Money Bloom Services, with select service providers who provide services to support our operations such as: card manufacturing and fulfillment providers; insurance providers for mobile phone protection and purchase protection; cloud hosting providers (like AWS); email distribution providers; and other service providers. A number of these service providers are described in more detail above under Money Bloom’s Privacy Policy at Certain Mobile Carriers. If a kid accesses Money Bloom Services via a mobile device, the kid’s device may transmit the request via the mobile carrier’s network and the carrier may have access to any information that is transmitted. You should consult the carrier’s privacy policy for additional information.

Legal Requirements and Fraud Protection. We may share a kid’s Personal Information when we have reason to believe that disclosing the information is necessary to prevent fraud, damage to person or property, protect and secure our business, assets, user accounts or enforce legal rights or comply with subpoena, court order, legal process or obligations. We reserve the right to disclose any Personal Information as needed if that information is requested by law enforcement agencies or if we are required to do so by law or court order.

Parental Choices and Controls

The primary account holder can update or change Personal Information of a kid at any time through the account settings. At any time, a primary account holder can refuse to permit us to collect further Personal Information of a kid by closing that sub-account by contacting Money Bloom Customer Service at If you close an account, we will mark the account in our database as “Closed,” but may retain Personal Information from the account to deactivate the account with our service providers, allow the primary account holder to reactivate the Money Bloom account for some period in the future, collect any fees owed, resolve disputes, troubleshoot problems, assist with any investigations, prevent fraud, enforce the Cardholder Agreement and Terms of Service, or take other actions as required or permitted by law.

If you request us to delete your kid’s sub-account information, we will delete as much information as we are legally permitted. Due to regulatory record-keeping obligations, we may be unable to delete all information associated with a closed sub-account and may be required to retain information related to each sub account cardholder, their Money Bloom card account in order to comply with applicable law. We will not share any individual trading data unless required by regulators or other governmental authorities, to support processing of settlement of your transactions, or in accordance with applicable laws or legal process.


Money Bloom reserves the right to modify this Privacy Policy at any time and may apply changes to previously collected information, as permitted by applicable law. From time to time, we may change or update this Privacy Policy and will give notice of material changes as required by applicable law. We encourage you to review this Privacy Policy from time to time for any updates. You acknowledge and agree that we may notify you about any material changes in the way we treat Personal Information by giving you notice through Money Bloom Services, including by posting an updated version of this Privacy Policy on the Website. Your continued use of Money Bloom Services after any such notice shall constitute your acceptance of such changes. If you do not agree with any such changes, please stop using Money Bloom Services.

Terms & Conditions

By accessing or using this Product in any way, you agree to and are bound by, the terms and conditions set forth in this document and to any changes that Money Bloom Information Technology, Inc. may publish at a later date (collectively, the "Terms of Use"). Product refers to any product developed and /or managed by Money Bloom. We will announce any such changes on the homepage of our website, and within our Product, a few days before they go into effect. If you do not agree to all of the terms and conditions contained in the Terms of Use, do not access or use this Product.

Money Bloom Information Technology, Inc. may change these Terms of Use and other guidelines and rules posted on the Product from time to time. Your continued access or use of the Product constitutes your acceptance of such changes. Your access and use of the Product will be subject to the current version of the Terms of Use, rules and guidelines posted on the Product at the time of such use. If you breach any of the Terms of Use, your license to access or use this Product shall automatically terminate.

Refund Policy

Money Bloom Information Technology, Inc. does not offer refund. Both the Client and we have the right to terminate any Services Agreement for any reason, including the ending of services that are already underway. No refunds or returns shall be offered, where a Service is deemed to have begun and is, for all intents and purposes, underway.

Contact Us

If you have questions about this Privacy Policy or our information practices, please contact us by email at