Wristband that shocks you if you overspend.

Parents delight.

Youth scare.

A bracelet that gives its wearer an electric shock when they go overboard while spending.

The idea is that the Pavlok wristband will be wired up to an online bank account so that, when the user goes overdrawn beyond pre-set spending limits, they will be given a 255-volt shock.

The plan is worked out in four stages starting with the customer logging into their credit card or bank account facility.

They then connect the device and set a spending limit.

When users get near their self-imposed limit, a notification will be sent to their phone.

If they go on spending regardless, the wristband moves into shock mode.

The shock is reported to be "slightly uncomfortable", rather than painful, says Intelligent Environments, the company that provides the connection between the device and the banking sites.

It emphasises it has been tested fully and is safe.

The bracelet is expected to be particularly appealing to the youth market with parents and partners particularly expressing an interest on their beloved's behalf.

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