The Family Bank

Kids Money & Allowance Bank

Free · In-App Purchases · Designed for iPad. Not verified for macOS.

Welcome to The Family Bank, the interactive banking app that turns money management, chores, and saving into an empowering educational experience for children. Traditional piggy banks cannot demonstrate how modern finance and savings accounts work. The Family Bank bridges that gap by providing parents and children with a connected virtual banking platform that teaches deliberate spending, goal setting, and the power of compound interest. Whether your child is saving for a personal milestone, earning an allowance through completed chores, or watching their savings grow with daily interest accrual, The Family Bank makes financial intelligence clear, tangible, and practical. KEY FEATURES DAILY ACCRUED COMPOUND INTEREST Introduce the power of long-term savings early. Parents can assign a custom annual interest rate (APY) for each child. Every day, interest is automatically calculated and credited to the child's ledger, demonstrating the tangible benefits of saving rather than spending immediately. STRUCTURED CHORE MANAGEMENT AND ALLOWANCES Establish clear connections between effort and reward: - Parents configure chores with specific allowance amounts. - Children mark tasks completed and can submit completion notes. - Parents review and approve payouts through the centralized Approvals tab. GOAL TRACKING AND SAVINGS CALCULATOR Help children develop delayed gratification habits: - Set up target goals for specific items or activities. - Visual progress indicators show exact amounts remaining to reach each milestone. - An integrated milestone forecast illustrates how daily interest and chore earnings accelerate progress toward goals. PURCHASE REQUEST AND PERMISSION WORKFLOW Children can submit purchase requests directly through their dashboard, specifying item names, categories, and estimated costs. Parents maintain full oversight by approving or declining requests before funds are deducted from the child's balance. SECURE SIX-DIGIT DEVICE PAIRING Children do not need email addresses or account passwords. Parents generate a secure 6-digit pairing code from the parent portal, allowing kids to link their personal iPhone or iPad directly to their individual ledger. REAL-TIME FAMILY CLOUD SYNCHRONIZATION All balances, completed tasks, and approvals stay continuously synchronized across all family devices in real time. DETAILED PASSBOOK LEDGER A clean, transparent digital bank statement providing a complete record of deposits, deductions, chore bonuses, and daily interest payouts. DESIGNED FOR FAMILIES The Family Bank supports multiple child profiles under a single family account. Each child receives a personalized balance, individual interest rate, and custom chore list tailored to their age and maturity. The Family Bank is a closed educational simulation. It does not connect to real bank accounts, require credit card links, or display third-party advertisements. Pricing: • 5 free visits included to experience all features. • Optional one-time Lifetime Family Access available via In-App Purchase. LEGAL & PRIVACY • Privacy Policy: https://florithm.com/privacy-family-bank.html • Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/

Ratings & Reviews

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• Upgraded device pairing: Faster, collision-free 6-character connection codes for kids and co-parents. • Instant code refresh and real-time family sync improvements. • General reliability enhancements.

Version 1.4

The developer, Florithm LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy .

  • Data Linked to You

    The following data may be collected and linked to your identity:

    • Contact Info

Privacy practices may vary based, for example, on the features you use or your age. Learn More

Accessibility

The developer has not yet indicated which accessibility features this app supports. Learn More

Information

Provider
  • Florithm LLC
Size
  • 14.6 MB
Category
  • Finance
Compatibility
Requires iOS 16.0 or later.
  • iPhone
    Requires iOS 16.0 or later.
  • iPad
    Requires iPadOS 16.0 or later.
  • Mac
    Requires macOS 13.0 or later and a Mac with Apple M1 chip or later.
  • Apple Vision
    Requires visionOS 1.0 or later.
Languages
  • English
Age Rating
4+
In-App Purchases
Yes
Copyright
  • © 2025 Florithm LLC
  • Privacy Policy

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