← Index/Goalsetter

Goalsetter

Cashola prepaid Mastercard (Pathward, N.A.)·United States only (card doesn't work abroad).Verified July 2026
KidsTeenInvesting
Illustration — not the actual card design.

Strengths

  • "Learn before you burn" — the only card that can make financial literacy a prerequisite for spending.
  • Curriculum mapped to actual education standards, K through college.
  • Mission-driven: Black-owned, built to close the racial wealth gap, with investing from $1.

Weaknesses

  • No ATM withdrawals and no direct deposit — teens with jobs will outgrow it fast.
  • Subscription pricing ($3.95–5.95/mo) in a segment full of free options.
  • The card doesn't work outside the US.
Monthly fees

$3.95–$5.95/mo

$3.95/mo or $5.95/mo depending on plan tier (card usage included; investing on higher tier).

Parental controls

Card on/off toggle, weekly budgets, spending notifications, near-real-time transfers — and the signature control: parents can require a passed financial-literacy quiz before spending unlocks each week ("Learn before you burn").

Savings features

Goal-based savings with round-ups and auto-save; GoalCards let family and friends gift money toward a kid's actual goals instead of buying more stuff.

Security

Card toggle, spending alerts, Mastercard protections.

FDIC coverage

Yes — banking services via Webster Bank, N.A., Member FDIC; the Cashola card is issued by Pathward, N.A., Member FDIC.

Investing

Custodial accounts via Goalsetter Advisors (SEC-registered RIA): kids pick stocks from $1, every trade requires parent approval. Investment balances are not FDIC insured.

Financial education

The index's only quiz-gated spending: age-appropriate weekly quizzes (K through college), mapped to state and national financial-education standards, with pop-culture framing. Education isn't a feature here — it's the product.

Customer support

Email support; small-team responsiveness.

Geographies

United States only (card doesn't work abroad).