FamZoo is a legit and safe platform for teaching kids about financial literacy. It has been operating since 2006 and has received positive reviews for its features and ease of use. FamZoo offers prepaid debit cards and virtual family bank services, ensuring that deposits are insured by Four Corners Community Bank, a member of FDIC. This means deposits are guaranteed by the government up to $250,000 per account. FamZoo has a high rating from users and is considered a reliable tool for managing family finances and teaching children about money.