Sibstar is the UK’s first ever debit card and app designed to help people with dementia to access and manage their everyday money, empowering them to live independently for longer in a safe, supported way.
The debit card is pre-loaded with funds. How and where the money can be used is managed through the Sibstar app, which is available on iPhone and Android. The company is supported by Alzheimer’s Society and is partnered with Mastercard to provide a reliable, industry-leading service.
All of Sibstar’s functionality can be instantly switched on and off, delivering a flexible solution which can adapt as the needs of individual customers’ change. The app’s money management controls include setting spend and ATM limits, online and phone spending, switch on/off, instant freeze, auto top-up, and real-time notifications, all of which can be changed instantly and remotely.
There are nearly 1m people with dementia in the UK today, and this number is projected to rise to 1.6 million by 2040. As the condition progresses and confusion increases, so does vulnerability to being scammed, losing cash or cards, giving money away inappropriately, or over-buying, and, as a result, hard-earned savings can disappear.
Sibstar is an industry first and the only service of its kind. It gives people living with dementia autonomy and empowers them to spend their money for themselves, by themselves, safely.
Visit www.sibstar.co.uk for more details.