Parental controls are settings on devices, games and banking apps that parents use to limit a child's purchases, spending and access to content.
Parental controls are a set of settings that parents use to limit what a child can do on a phone, tablet, console or in a particular game. The most important from a financial point of view are blocking purchases or requiring parental approval for each one, monthly spending limits and a password the child doesn't know.
On smartphones these are Family Sharing and Screen Time on iPhone and Family Link on Android; on consoles and Steam, family groups with separate child accounts. Banks add their own layer: a children's card on a parent's account with limits on purchases, online payments and cash withdrawals.
Parental controls that are set up also help you get money back: app stores refuse refunds more often if the account wasn't protected with purchase confirmation.
In detail, with examples: Your child spent money in a game or app: how to get it back and stop it happening
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The first 30 minutes, reading the statement, platform refund rules, a request template, when the bank helps, the law, game scams and protection settings.
A card on a parent's account and an own account from 14, limits by age, security settings, fraud schemes aimed at children, money mules and what to do if money is taken.