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HYPERJAR IS A FREE MONEY MANAGEMENT APP AND PREPAID DEBIT MASTERCARD DESIGNED FOR BOTH ADULTS AND CHILDREN AGED SIX AND ABOVE. 09:58, 22 May 2025 A major money app with 600,000 customers has
issued a warning ahead of introducing a new fee in DAYS. Hyperjar is a free money management app and prepaid debit Mastercard designed for both adults and children aged six and above.
HyperJar will soon begin charging a £3 monthly fee to customers who have not used their account for more than 12 months. It warned customers in an email: "It costs money to maintain a
HyperJar account and so it doesn’t make sense for either us or our customers if it’s not being used and enjoyed. "We want to encourage everyone to use HyperJar regularly for budgeting,
reaching their financial goals, and making their money go further." HyperJar will automatically deduct the fee from your balance if your account remains inactive for 12 months or
longer. READ MORE UK FACES 27C HEATWAVE NEXT WEEK WITH 33 COUNTIES IN ENGLAND SET TO SIZZLE It will begin charging inactive customers from June 3, it added. If you haven't used your
HyperJar account in a while, but want to keep it, you can avoid the fee by sending money to, or receive money from, another bank or HyperJar account. You can also move money within your
HyperJar account from one 'jar' to another, or buy something using your HyperJar card. You can also buy a 'Cashback Voucher' or 'HyperVoucher' (these are gift
cards for various retailers available through the HyperJar app). You'll need to keep using your account to avoid being charged going forward, as the inactivity fee will kick in if you
don't do any of the above within a 12-month period. Article continues below Money Saving Expert advised: "No longer need HyperJar? Here's how to close it If you don't
think you'll use the account at least once a year, then it's safest to ditch or switch." Go to the 'Profile' tab in the app, select 'Profile &
Security', and then 'Close Account'.
