PiggyBanc was established for family members and close friends who expressed a desire to contribute to an educational fund for their children; however, there wasn’t an easily accessible resource that would allow monetary contributions over an extended time. More importantly, we wanted family members to help teach our children by example the importance of saving for the future. PiggyBanc was developed as a financial teaching tool for grandparents, parents and children specifically for that purpose.
By creating an online vehicle which facilitates contributions into a child’s savings account any of our supported list of financial institutions, PiggyBanc has helped saved thousands of dollars for each child. We hope PiggyBanc can help you too.
Example Uses of PiggyBanc:
Give a birthday gift via PiggyBanc instead of sending a check or giving cash
When a child's birthday arrives, people often write a check or put cash in a card and send it off in the mail. If the gift is cash, the money has very little chance of ever making it into a savings account before being spent. If it is a check, an extra burden is placed on the parents to drive to the child's financial institution an deposit it. With PiggyBanc, the gift is automatically deposited into the child's savings account and there is a permanent record of the gift. No more checks to write. No more trips to the branch to deposit checks. Also, the contributor has the flexibility to use an eCheck or a Credit Card if they are short on cash. PiggyBanc provides both ease of use AND flexibility.
Teenagers can accept Credit Cards when Babysitting!
What could be more convenient after a night out than coming home and paying your babysitter with your Credit Card! You no longer need to stop at the ATM on the way home and make sure you have enough cash to pay the sitter. Paying your sitter via PiggyBanc using your Credit Card or eCheck is quick, safe and convenient for everyone! As the babysitter, you can even make your business cards with your PiggyBanc member ID and your email address and start accepting Credit Cards today!
College Student Needs Cash
Your son or daughter is away at college and needs some cash for books or for the weekend. You can simply make a contribution to them via PiggyBanc and once the funds arrive in their Savings account, they can go any branch in the Shared Branching network, or even stop at their local 7-Eleven convenience store and withdraw their funds!
New Baby is Born
As new parents, you are deluged with gifts of varying types for your new baby. Cash, checks, diapers, formula, strollers, savings bonds, toys, and lots of stuffed animals, etc... By encouraging people to give gifts using PiggyBanc, you will eliminate duplicate gifts, completely avoid returns and gifts that sit on a shelf that are never used. Cash also allows you to purchase items for your baby that you choose both for fun and for necessity. In addition, your child will have a permanent record of who gave them gifts when they were born along with a personalized message from each person, while also initiating a lifetime of savings.
Learn More
Contact us today at 1-888-372-2669 or submit a contact request form to learn how PiggyBanc can give you and your members added value, convenience and peace of mind.