This app provides a safe, simulated environment for children to learn financial responsibility. It allows kids to manage virtual credit cards, savings, and checking accounts, with parents acting as the banker. The app teaches concepts like interest on savings and late payments on credit.
1.0.2
March 12, 2019
A redesigned create request screen.
PracticeBank is free to use and does not contain advertisements.
PracticeBank is available on iPhone and iPod devices.
PracticeBank was last updated on March 12, 2019, with version 1.0.2. The initial release was on March 9, 2019.
PracticeBank has an age rating of 4+, making it suitable for young children to begin learning about finance.
No, PracticeBank operates in a simulated environment. It does not use or require real money for any transactions or accounts.
PracticeBank teaches concepts such as managing credit cards with interest, earning interest on savings accounts, and using checking accounts, all within a safe, virtual setting.
Parents can send and receive simulated money from their child within the app, effectively acting as the central bank for their child's virtual finances.
Key features include simulated credit card, savings, and checking accounts, with interest applied to savings and late credit payments, and the ability to transfer virtual funds.
