HyperJar

HyperJar is a UK prepaid. Hyperlayer Limited runs the app. Modulr is the FCA EMI that safeguards the money. Monavate issues the card. That is not FSCS and it is not a current account. The site says you need a UK address and a UK bank to open. Put salary at Starling or Monzo. Put pocket money here if the jars help.

London family-fintech, 2017. Directories file it next to Monzo because both have pots. Monzo is a PRA bank. This is jars on an EMI. goHenry is the comparable kids object on this desk, not Atom bank.

HyperJar lists E-money. Hyperlayer Limited. Card issued by Monavate under FCA (via Modulr EMI) in United Kingdom. On safeguarding we currently write: Not FSCS. Customer money is safeguarded at Modulr, an FCA EMI. That is e-money safeguarding, not a bank deposit scheme.. Holder / issuer line: Monavate (card) / Modulr (e-money) — HyperJar is not the EMI. An AML programme is claimed. There is no IBAN-class local rail on the flags we store. We list 1 live markets on the product. As we score the sticker: monthly £0 on core personal and kids cards — confirm live; FX Fee-free spend abroad is the pitch — read the live tariff; ATM Prepaid schedule. This desk would open it for: UK families who want pocket-money jars and already keep salary at Starling or Monzo.

What it does well: Named Modulr EMI and Monavate issuer; Honest that it is not a bank; Kids SKU with no monthly fee pitch. What to watch: Not FSCS; UK address and a real bank still required to fund; Prepaid, not salary. Desk score 6.7 / 10 (safety 5.4, fees 8.2, features 7.6, app 8.2). Last verified 2026-08-30. Headquartered in London, United Kingdom; founded 2017. None of this is advice — it is a file so you can read the entity before the card colour.