ObjectiveTo teach children about online banking and to help them keep track of their money.
Description Bankaroo

Bankaroo is a virtual bank which is stacked with features for both you and your children. 

Features for parents:

  • You can set recurring payments into your child's virtual account. So if you give a weekly, monthly or seasonal allowance you can have that automatically deposited into your child's virtual account. This makes it very easy for you to be prompt and consistent with allowance payments. 
  • You can enter payments for gift money or for money your child earns on their own.
  • You can set up separate child accounts for each of your children.
  • You can update your child's account from an iphone. So if your child wants to make a purchase you can see if they have enough money and then enter the withdrawal while in the store.


Features for children:

  • Children can see their bank balance, they can see what money is going in and keep track of their purchases.
  • They earn badges for setting and accomplishing goals.
  • There is a bar graph that shows how close they are to achieving their saving goals.


You are not actually depositing money into the account, rather this is an attractive, user-friendly and accessible online bank book. Bankaroo is free and so is the app (which can be found in the istore).  

Average Rating
Your Rating Sign In or Sign Up to rate this activity
Age Range 5    6    7    8    9    10   
Activity Type Routine
Tags Expenses  Income  Personal Finances  Banking  Cash Flow  Saving 
Last ModifiedRobRob


Questions or Comments

Post a Question or Comment: