Pool's Group Debit Card | The Simplest Way To Spend Together

You share ideas, plans, Spotify playlists, and yes, the occasional French fry. So it feels natural to share a group debit card. But most banks discourage you from sharing personal debit cards because there are inherent risks. But that doesn't change the fact that you need to share money.

So you're forced to choose between two less-than-ideal options:

1. Do what you're not supposed to and share your debit card, or
2. Shell out the money and hope people reimburse you

Does anyone have a better solution? Pool does. Pool is a shared wallet where you can collect and manage money with family, friends, or any group. And with Pool's group debit card, you can spend money together, too.

Pool takes "my money" and "your money" and turns them into "our money." The best part? You don't have to worry about violating debit card agreements or putting anyone in a financially tricky position.

Read all about the Pool card and get answers to your important questions, like:

• What is Pool?
• How does Pool's group debit card make it easy to spend money with other people?
• Can multiple people use a debit card?
• Can I authorize someone to use my debit card?
• Why is it safe to use Pool's group debit card?
• Can I share my debit card with someone else?

What is Pool?

Pool is where you can easily collect, manage, and spend money for a shared purpose. It's not a joint bank account or a peer-to-peer money transferring app like PayPal, Venmo, or Zelle. Those tools are useful for individual finances when you're only dealing with "my money" or "your money" — but they don't support "our money" scenarios.

With Pool, sharing is the whole point. From the very beginning, Pool was designed for multiple users who want to collaborate financially — whether that's for a one-off wedding gift, ongoing rent payments, or side projects.

How does Pool's group debit card make it easy to spend money with other people?

With Pool, sharing money is the main idea. Here's how the Pool debit card lets you share without the risks and worries that usually come with shared cards.

Easily collect money in your Pool

Sign up at Poolmoney.com — once people join your Pool, they can contribute funds directly from their linked bank accounts or other Pools they’re apart of. Every contributor participates through their own Pool account, making it easy to track contributions and manage shared funds in one transparent place.

Spend funds directly from your Pool

You don't need to transfer Pool funds to your account to spend them. You can spend directly from the Pool with your Pool card. As long as people have spending permissions in your Pool, they can make purchases by using the virtual card number or by ordering a physical card for themselves.

Your debit card is always free

You never have to pay fees on the Pool card, so your Pool gets to keep 100% of everyone's contributions. When it comes time to spend money on the group's behalf, use your card everywhere Visa is accepted and never worry about factoring in any fees.

Your Pool account is free, too

Your Pool is free to set up and free to use. So, instead of looking at Pool as another tool that costs you money, it's a tool that helps you get the most out of your pooled money.

Easily add or remove members

People come and go. So, you might need to add or remove individuals from your Pool and adjust spending permissions. With Pool, it's easy to always share your group debit card with exactly the right people.

Whether you use your shared wallet for membership dues, rent payments, or babysitter money, you can update Pool members and adjust spending permissions and limits in a couple of clicks — no time lost waiting at the bank or on the phone.

Remove stress around tracking and collecting money

When it comes to shared expenses, one person usually has to front the money and track down payments. This is stressful for everyone. With your Pool, everyone pays upfront — preventing anyone from absorbing more costs than they should.

Use your Pool for what you need

Shared expenses might be part of your life, but they don't have to be a hassle. Here are just a handful of ways Pool simplifies the money you collect and spend with others:

• Living with housemates? Your Pool smooths out rent, utility, and grocery payments
• Sharing a co-working space? Your Pool is a neutral space for membership fees, dues, and money for snacks and beverages
• Sharing a collaborative space? Use your Pool's debit card to cover expenses at learning pods, art studios, dance studios, and more
• Throwing an event or party? Collaborate and split expenses with everyone on the planning committee
• Going in on a group gift? Use your Pool for retirement gifts, birthday gifts, graduation gifts, wedding gifts, shower gifts, etc.
• Taking care of an elderly relative? The Pool debit card is there for every caretaker to use when they need to pick up prescriptions, groceries, personal toiletries, and more

Can multiple people use a debit card?

Yes! When you start your free Pool, you can invite as many people as you want to join. Once they sign up at Poolmoney.com and accept your Pool invitation, they can spend Pool funds using their own Pool debit card, provided they've been granted spending permissions by a Pool Admin.

Can I authorize someone to use my debit card?

Any member in the Pool with spending permissions can spend with the debit card. Start by sending members of your group a Pool invitation. Once they sign up at Poolmoney.com and join the Pool, you can give them spending permissions that allow them to use the group debit card with you.

The best part about Pool debit cards is that each Pool member has their own card number. There's no need to call your bank or fill out authorization forms.

From there, set spending permissions and limits so specific people can make payments and purchases from your shared wallet. Easy.

Why is it safe to use Pool's group debit card?

Banks discourage you from sharing your debit card and personal identification number (PIN) because they cannot provide legal protection or reimburse you if something goes awry. Wouldn't you rather not have to worry about your financial security at all? Here's how Pool lets you share money without the problems that usually come with group debit cards.

Share money without sharing your bank account With Pool, share funds with other people and keep your bank account and personal debit card private. The only money you share is the money you put into the Pool. This keeps all your funds safe and sound.

Everyone can view Pool activity in a transparent place When you pool together, everyone pitches in and gets to see the balance and transaction history. Your shared wallet is a neutral, transparent place where every Pool member can view, track, and spend money together.

Pool keeps group money and personal money separate When people share money, one person usually has to juggle everyone's payments in a personal account. It's confusing to manage, and it's also stressful if you accidentally spend group money on your own expenses. Pool keeps this from happening — your shared wallet allows everyone to keep their banking private and their pooled funds collective.

Can I share my debit card with someone else?

With Pool, you can always share Pool money with your group debit card. As long as your friends or family sign up at Poolmoney.com and accept your Pool invitation, they can use the Pool card with you.

You just need to give them spending permissions, which you can access in your Pool account, under your specific Pool’s settings.

Everyone needs to share money from time to time. Now, Pool's group debit card makes it easier and safer to do that. Simplify shared expenses for you and everyone in your group with Pool — you'll be glad you did!