# Penny Bank Plus > Gamified chore and allowance management for teaching children financial literacy. (iPhone/iPad app by The Blacklight Group LLC.) - Source: https://appshunter.io/ios/app/penny-bank-plus/id1522754902 (this page in markdown: same URL + `.md`) - Developer: [The Blacklight Group LLC](https://appshunter.io/developer/1522754904) - Category: Productivity - Price: Free - Rating: 5.00/5 from 9 App Store ratings · 2 written reviews indexed - Age rating: 4+ - Requires: iOS 12.0 · 48 MB - Languages: English - Released: 2020-08-17 - Data updated: 2026-06-10 - Monetization: free - User reviews in markdown: https://appshunter.io/ios/app/penny-bank-plus/id1522754902/reviews.md ## What is Penny Bank Plus? Good habits start today! - Child Management You are the bank! Give your children a sense of accomplishment with a visual wallet. You can delegate cash and time. Penny bank notifies and tracks when your child checks out their dashboard so you can monitor their habit of checking for tasks. - Achievements/XP Points We have gamified the Penny Bank experience with XP points that we reward your child regardless of the rewards you delegate to your child. We will have achievements and trophies to motivate your child to reach different levels in Penny Bank. Your child will be able to share those statuses with their friends in our new social features. - Free Time Banking Penny bank introduces the concept of free time banking. Time is the only asset we all share no matter the age. Distributing and withdrawing free time for things your child is interested in will feel seamless with our discipline and rewards system. This is great to use as currency instead of paying your kids to do chores you feel they should be doing. Exchange free time as a reward for completing their chores and responsibilities. - Family/Chore Boards Create and manage chores in one place. We also include a punctuality chart to teach your child how important completing tasks on time is. - Picture Verification You can now request a picture to verify that a child has completed their chore before you decide to approve it. - Saved/Suggested Chores You can now save chores for reoccurring chores to be assigned in a few taps. We also have a growing list of suggested chores to save time in creating chores. - Chore Offers Penny bank gives kids the power of decision-making by giving them the ability to be proactive and make an offer on how much they want to be paid for a chore. You have to ability to accept or decline as the parent. This feature helps kids to develop a habit of providing value for value in return! - Withdrawal Request Manage how your child requests for cash and free time with withdrawal requests. This allows you to manage how much cash or free time a child can use for certain things to maintain a healthy wallet and spending habits. - Love Tap This is a fun feature that both parent and child can send to each other as a friendly reminder that there is something pending that needs attention. - Avatar Personalities We have added avatars with customizable backgrounds to represent your child in the Penny Bank universe along with user names so they can share their achievements. - Discovery This is the place where the Penny Bank universe exists and as the community grows your family and child can share their achievements with their friends and follow others. We will provide freshly updated material to teach financial literacy in our learn section. Our Penny Bank Lists and leaderboards will be a place the top Penny Bankers can be acknowledged. ## Key features - Child management with visual wallet - Gamified achievements and XP points - Free time banking system - Family chore boards and punctuality charts - Picture verification for completed chores - Chore offers and withdrawal requests - Social sharing of achievements ## Recent user reviews (2 of 2) All indexed reviews: https://appshunter.io/ios/app/penny-bank-plus/id1522754902/reviews.md ### 5/5 — Awesome edition *2021-12-18, version 2.0.4* I’m excited about the new update Penny Bank. This has been a very helpful app has bring some ability to my children. Absolutely suggest using this app Terri it’s amazing. I was there at one of the beginning edition to Penny Bank. Excited with progress ### 5/5 — Awesome for accountability for all that use it! *2020-09-24, version 1.0.6* I’m grateful to utilize an app to hold not just my child accountable but also myself so we are both working together to maintain her goals and mine for her as well❤️ ## Frequently asked questions about Penny Bank Plus ### What is Penny Bank Plus? Penny Bank Plus is a free app designed to help parents teach children about financial literacy and good habits. It uses gamification, chore management, and a visual wallet system to make learning engaging. ### How does Penny Bank Plus manage chores? Parents can create and manage chores on family chore boards, assign them to children, and even receive picture verification of completion. The app also offers saved chores and suggested chores for convenience. ### Can children earn rewards in Penny Bank Plus? Yes, children earn XP points and achievements for completing tasks, regardless of the delegated rewards. They can also make chore offers and manage withdrawal requests for cash and free time. ### What is 'free time banking' in Penny Bank Plus? Free time banking allows parents to distribute and withdraw 'time' as a reward or currency for activities children are interested in, promoting a balanced approach to discipline and rewards. ### Does Penny Bank Plus have ads? The provided data does not specify if Penny Bank Plus contains advertisements. However, it is listed as a free application. ### What devices is Penny Bank Plus available on? Penny Bank Plus is available for iPhone, iPad, and iPod devices, indicated by its supported devices list. ### How often is Penny Bank Plus updated? Penny Bank Plus was last updated on February 7, 2022, with its latest version being 2.1.0. This suggests a moderate update frequency. ### What is the age rating for Penny Bank Plus? Penny Bank Plus has an age rating of 4+, making it suitable for young children and their parents to use together. ## Version history (last 1 release) ### 2.1.0 — 2022-02-07 Bug fixes and improvements. Improvements on the use of face ID for consistent and seamless login. ## Apps similar to Penny Bank Plus | App | Rating | Price | Category | | --- | --- | --- | --- | | [WOLF Smartscan 1.2](https://appshunter.io/ios/app/wolf-smartscan-12/id1669026580) | — | Free | Productivity | | [掌中薪资条](https://appshunter.io/ios/app/id6443419060) | — | Free | Productivity | | [SecStream VPN](https://appshunter.io/ios/app/secstream-vpn/id1667555580) | 4.7 (199) | Free | Productivity | | [Escriba Assessoria Contábil](https://appshunter.io/ios/app/escriba-assessoria-contabil/id1669320500) | — | Free | Productivity | | [Classic Kia Carrollton Connect](https://appshunter.io/ios/app/classic-kia-carrollton-connect/id6443960540) | — | Free | Productivity | | [Queens Bouquet Network](https://appshunter.io/ios/app/queens-bouquet-network/id6443573780) | — | Free | Productivity | ## More apps by The Blacklight Group LLC - [Dorpamine](https://appshunter.io/ios/app/dorpamine/id6748866540) All apps by The Blacklight Group LLC: https://appshunter.io/developer/1522754904 --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-10.*