bankaroo virtual bank for kids

bankaroo virtual bank for kids

by Rodgers Finance LLC

35 ratings
20 reviews

Archived App (Last seen on 14 May 2026)

This is an archived listing of the app previously available on the App Store.

Although the app is no longer distributed by Apple, you can still view its description, screenshots, version history, ratings, and metadata for reference.

Details

  • Released
  • Updated
  • February 29, 2012
  • December 23, 2020
bankaroo virtual bank for kids screenshot #1 for iPhone
bankaroo virtual bank for kids screenshot #2 for iPhone
bankaroo virtual bank for kids screenshot #3 for iPhone
bankaroo virtual bank for kids screenshot #4 for iPhone
bankaroo virtual bank for kids screenshot #5 for iPhone
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About

This app helps children learn about managing money through a virtual bank. Kids can track allowance, gifts, and chore money, set savings goals, and earn badges. Parents can manage allowances and monitor spending, fostering financial literacy from a young age.

Virtual bank account for kids
Track allowance, gifts, and chore money
Set savings goals with badges
Record expenses and monitor spending
Parents manage allowances and track funds
Earn interest on savings
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What's New in bankaroo virtual bank for kids

7.2.3

December 23, 2020

Thank you for using bankaroo and helping us improve it! A small update with some bug fixes and additional performance improvements. Please contact us if you have any questions. All the best!

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In-App Purchases

$4.99

Bankaroo Plus

Add checking/savings/charity accounts

User reviews

Poor starting impression

I just downloaded and purchased this app and. Ow that I’m in I can’t even setup a kid. It keep crashing on me. My iPhone is updated and they claim it should work with my iOS. Pretty disappointed in a paid app.

Missing Basic Functionality

I’ve been using the app for a few years. It is shocking to me that I still cannot edit past transactions. If you do a typo or put in the wrong amount, that’s just too bad - it is there to stay. You cannot edit it (despite what the tutorial says). Such basic functionality should be a no-brainer and can be really frustrating.
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This is the best app for allowances and keeping track of spending

My husband and I downloaded this app two years ago as a way to keep track of our kids’ allowances and spending in a way that wasn’t in our head. Now at time of purchase, we hand our kids our phone and they take off the amount they spent. They can check at any time how much money they have in their account, and it stops us from having to do the calculations for them.

They can also see their spending and anytime they receive money from relatives, we can add it to their account (note-the all doesn’t connect to an actual bank, it’s totally virtual) and then we can actually pocket the cash. Paying for purchases with credit cards is no longer a hassle and the kids don’t have to remember to bring their money with them or pay us their actual money (including change) when we get home. It’s easy and convenient and really has taught the kids to save. Now anytime they want something, they just check their Bankaroo and see if they can afford it. No more whining for things!!

Furthermore, we can have automatic deposits and withdrawals each week for allowances and for regular reductions if they are paying for a large item over time.
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Good but has issues

Could be a lot better if it would work. Half of the time when I open the app, all that comes up is a white screen with zero function.

I’ve uninstalled/reinstalled, I’ve closed other apps, I’ve restarted…. Nothing works and it pretty frustrating. It does this on three different iPhones so it’s not just my device.
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School account just opens a browser

We are trying to implement this for our ES Special Ed program. When I login to our school admin account it just opens safari browser. Why even have an app?

Developer apps

FAQ

How does bankaroo help kids learn about money?

Bankaroo uses gamification and a simple interface to help kids manage their allowance, gifts, and chore money. They can set savings goals, track expenses, and earn badges, fostering an understanding of the value of money.

What features does bankaroo plus offer?

Bankaroo Plus, available for a one-time in-app purchase of $4.99, adds features like checking, savings, and charity accounts. It also allows money transfers between siblings and between different accounts.

Can parents use bankaroo to manage their kids' money?

Yes, parents can use Bankaroo to set up recurring allowances or add funds manually. They can also track their kids' spending and have them deduct purchases to understand spending implications.

Is bankaroo suitable for younger children?

Bankaroo is rated for ages 4 and up, making it suitable for young children to begin learning about money management with parental guidance. The bright interface and gamified elements are designed to be engaging for this age group.

How often is bankaroo updated?

The latest version of Bankaroo is 7.2.3, and it was last updated on December 23, 2020. While the description doesn't specify update frequency, this indicates it has received updates in the past.

What is the price of bankaroo?

The base Bankaroo app is free to download. Bankaroo Plus, which unlocks additional features, is available as a one-time in-app purchase for $4.99. The app is also listed with a price of $5.99, which may refer to the total cost including the in-app purchase or a different tier.

What do users like about bankaroo?

User comments highlight that Bankaroo is excellent for piggy-banking, helps kids set goals and save, and that the developer is responsive and active. One user described it as the 'BEST kids bank app by far'.

What platforms is bankaroo available on?

The provided data does not specify the exact platforms (e.g., iOS, Android) Bankaroo is available on, but it is described as a mobile application.