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Why Us2023-01-14T00:40:25+00:00

What is Incent?

Family Financial Education

  • Family financial education tool

  • Mobile Banking for kids and teens

  • Gets money flowing in and out of accounts

  • Incentivize your youth members to make sound financial decisions

  • A unique way to earn deposits and grow your member base

As a former CU CIO and parent of four, my goal was to get my kids learning about financial services through a hands on approach.
– Richard Logan / CEO Incent

Key Statistics

Below results are from surveyed credit union members

0%
of members are with their credit union for over a decade.
0%
of children chose not to bank at their parent’s credit union.
0%
of members recommended their credit union to their adult children.

Source: Access Softek, Inc. via Google Surveys (May 22, 2020 – MAy 29, 2020)

Request Money

Gets account utilization so the child will use the other features in the app.

  • The child can request for money from their mom or dad.
  • The system will send a push notification or text message to the parent asking for them to approve or deny the request.
  • If approved the money is then transferred in real time between the child and the parent.

Chores

Teaches youth the value of money. Hard work = Better pay

  • Parents assign chores to their children.
  • Chores can be set to reoccurring.
  • Child marks the tasks as completed and the parent reviews and approves the tasks.
  • The money is then moved from the parents account into the child’s account in real time.

Budget

Teaches youth how to save, spend & invest their money.

  • Children can make a budget for the month to earn a trophy
  • The budget is broken down into several key areas:
  • Deposits
  • Bills
  • Short & Long term savings
  • Charitable giving

Borrow Money

Teaches financial responsibility, credit score awareness & general loan terms.

  • Child can request to borrow money from their parent.
  • The parent then goes in and indicates that the loan is approved or declined.
  • If approved, interest will be added and the child must make loan payments on time to earn trophies.
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Seamless Workflow

Simple back and forth communications between parent and child

Step 1

Parent

Assigns chore to their child. A notification is sent to them.

Step 2

Child

Opens the notification and is taken to review.  Completes the work and marks task as complete.  Parent is sent a notification.

Step 3

Parent

Clicks the notification and reviews and approves the request.  The funds are transferred, and the child is notified.

Step 4

Child

Child receives the notification and once clicked, is taken to where they can see their new balance.

Mobile Banking Integrations

A few of our partners

Brandi Briers

Sales Executive

Member Retention Is The Cornerstone

[email protected]

Benefits of Incent

Maximize your growth

We equip marketing leaders

100% Branded & Marketed

Using your design & color schemes, Incent will build an integrated widget for your existing online and mobile banking application. The solution will look and feel exactly like your financial institution.

With features like cash for chores, borrow money, request money and access to debit cards, you’re sure to experience youth engagement like never before!

As kids start using Incent and your core services their balances will increase. Say goodbye to dormant or low balance youth accounts!

As children utilize the features within the solution we encourage them with trophies for making sound financial decisions

People in the community will hear about the new and exciting solution by word of mouth which will drive new accounts to your institution.

Youth members will eventually become adult members and their children will sign up for the feature as well.

Fully Integrated

We will fully integrate with your online and mobile banking vendor to have a seamless user experience for your end users. All transactions will be done in real time making the process simple and seamless.

Increase your sales

Watch your youth accounts and deposit balances increase with the administrative portal.

 

“Incent is great to work with!”

James Santos

VP, Account Services
Randolph-Brooks FCU

Learn More About Our Partners

Find out More

Let’s Make Things Happen

Brandi Briers

Sales Executive
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Grow your member base and develop lifetime loyalty

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[email protected]