Primary Accounts/Sub Accounts

	More than $300 billion were sent to families to developing countries from the United States in 2006, 10%-20% of each transaction is taken away for fees. With the money transfer feature of the CareLock Debit Card Program we can help increase the amount of revenue flow that comes into each of the developing countries along with allow the workers to have more money to go into the US economy. Card to Card money transfer from your cell phone verbally or by text, or by the Internet No more traveling for either party to send or recieve No more high Western Union fees No more carrying cash - safer for loved ones. No more worrying that the money will arrive.	One of the most exciting and unique features of the Carelock Debit Card Program is one that is easily overlooked. Adding a Sub-account Cardholder to the Primary Cardholder account adds unique functions that many Cardholders will greatly appreciate. As suggested by the name, the Sub-account Cardholder is subordinate to the Primary Cardholder, and allows the Primary Cardholder to set controls and limits on the Sub-account. Once you fully understand the unique capabilities offered by the Sub-account you will likely find instances where the Sub-account card offers the best solution for certain challenges faced by both personal and business Cardholders. After accessing their account on-line, the Primary Cardholder can set Sub-account limits for each Sub-account associated with their Primary account in each these areas: Total ATM withdrawal - per visit and/or per day Retail – Point of Purchase transaction - by PIN and/or by signature Amount of “Account-to-Account” transfer Total balance amount


	Instill an awareness of financial responsibility in their teenagers. What better way than to give their teenager their own Debit Card account! Certainly every teenager would jump at the chance to have one, and a debit card where they cannot overspend or incur interest charges can be a tremendous learning tool to prepare them for the real world of managing their own money, budgeting and using credit cards, that they will be facing in just a few years. Parents can reinforce the learning experience by using the on-line “Account-to-Account” transfer feature to deposit allowances and other financial support as needed. Through on-line card controls parents can limit the amount the teenager can withdraw at ATM’s, set the maximum amount allowed for purchases at retail establishments, etc. As reward for demonstrating financial responsibility the limits can easily be changed, on-line, by the Primary Cardholder at any time, as long as they do not exceed the limits set for all cards by the bank. In any case the teenager can only spend the amount of money available on the card, per the limits established by the Primary Cardholder. There is no incurred interest for trying to spend too much. Instead, if a teenager attempts to complete a transaction that exceeds the available balance on the card the transaction will be declined. The final caveat for parents is that they can review where and when their child has been spending their money, in real time!