United Kingdom
activeKids and teens
- HQ
- London
- Fee
- Monthly per child / family plan
HyperJar
UK family prepaid. FCA EMI via Modulr. Card via Monavate. Not FSCS.
Tap a star to jump to reviews
6.7Mixed
AlternativesFive questions
At a glance
Is it a bank?
No. HyperJar is not a bank. Your money sits with Monavate (card) / Modulr (e-money) — HyperJar is not the EMI.
If it fails?
Not FSCS. Customer money is safeguarded at Modulr, an FCA EMI. That is e-money safeguarding, not a bank deposit scheme.
Salary?
Not listed. An IBAN or sort code is not automatically a salary account.
Open from abroad?
Residency and KYC are gated. An App Store listing is not proof you can onboard.
Monthly fee
£0 on core personal and kids cards — confirm live
Account number
No IBAN-class local rail on this file.
NeoBankDB Verdict
Licence first · score second
6.7
/10 · Mixed
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.
What it is
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.
Best for: UK families who want pocket-money jars and already keep salary at Starling or Monzo.
Last checked 2026-08-30. Not advice.
What it does well
- +Named Modulr EMI and Monavate issuer
- +Honest that it is not a bank
- +Kids SKU with no monthly fee pitch
- +Strong app ratings
What to watch
- −Not FSCS
- −UK address and a real bank still required to fund
- −Prepaid, not salary
- −Two vendors in the stack
Who holds the money
The account
- Partner bank
- Modulr FS Limited (EMI)
How money actually moves
- Who holds the cash
- E-money / stored-value — not a bank deposit
- How money moves
- Faster Payments
- Built for
- Personal · Kids / teens
- Settlement
- App-ledger instant; bank rails per corridor
- Freeze risk
- Fintech reviews can pause inbound while they check a transfer
- Card
- HyperJar lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
Licence first
Safety
Not FSCS. Customer money is safeguarded at Modulr, an FCA EMI. That is e-money safeguarding, not a bank deposit scheme.
Who holds the money: Monavate (card) / Modulr (e-money) — HyperJar is not the EMI
- FCA (via Modulr EMI)E-money. Hyperlayer Limited. Card issued by Monavate · United Kingdom
Fees
- Monthly
- £0 on core personal and kids cards — confirm live
- FX markup
- Fee-free spend abroad is the pitch — read the live tariff
- ATM
- Prepaid schedule
Features
- –IBAN
- ✓Fee-free core
- –Multi-currency
- ✓Apple Pay
- ✓Google Pay
- ✓Virtual card
- ✓Physical card
- –Metal card
- –Crypto
- –Stocks
- –Business
- ✓Kids
- –Halal
- Jars / pots
- Kids cards from age 6
- UK prepaid
- Apple Pay / Google Pay
- Not a bank
Score
- Safety25%
- 5.4
- Fees20%
- 8.2
- Features15%
- 7.6
- App15%
- 8.2
- Global15%
- 4.4
- Support10%
- 6.4
Change log
Full logLicence
FCA EMI via Modulr; card via Monavate
Not FSCS. UK address and a UK bank required. Household pots, not salary.
Available in
Straight answers
FAQ
01Is HyperJar a bank?
HyperJar is not a licensed deposit-taker in the classic sense. Money, if any, sits with Monavate (card) / Modulr (e-money) — HyperJar is not the EMI.
02How is money protected?
Not FSCS. Customer money is safeguarded at Modulr, an FCA EMI. That is e-money safeguarding, not a bank deposit scheme.
03Where is HyperJar available?
We list 1 market on NeoBankDB. Residency and onboarding rules still sit with HyperJar.
04Card and wallets?
HyperJar lists a physical card and a virtual card on mastercard, plus Apple Pay and Google Pay. Confirm the live product in the app — a card is not a current account.
05Can I open HyperJar remotely?
Residency and KYC are gated. An App Store listing is not proof you can onboard from your country.
Ratings and reviews
No published user reviews yet. The NeoBankDB score still comes from licence, fees, and the product — not from an empty star average.
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