This page is not an official page of the app or its developer, but an independent editorial publication created for informational and commentary purposes. Unless expressly stated otherwise, neither the app nor its developer is affiliated with, endorsed by, sponsored by, authorized by, or otherwise officially connected with MWM, Apple, Google Play, the app publisher, or the app's developer, and nothing on this page implies that the app was developed using MWM's services. Any trademarks, logos, screenshots, and other content remain the property of their respective owners.
Allowabank (Allowance Monitor)
Automate weekly payments, track chore points, and teach financial literacy with a secure virtual ledger. No cash required—just easy, effective parenting.
Downloads
81K+User Rating
Total Ratings
0Publisher
Category
FinanceLocales
1Latest Version
4.0.1Size
35.8 MBFirst Released
Jul 6, 2010Empower the Next Generation of Money-Smart Kids
Allowabank is the stress-free virtual ledger for modern parents. Automate allowances, track chores, and teach financial literacy without the need for physical cash.
Set It and Forget It
Eliminate the 'mental load' by automating weekly or monthly allowance payments and interest credits so you never miss a payday again.
Teach Healthy Habits
Use sub-accounts for Saving, Spending, and Charity to teach your children the 'Three S' rule and the power of compound interest.
Frequently Asked Questions
Everything you need to know about Allowabank (Allowance Monitor)
What is Allowabank (Allowance Monitor)?
Allowabank (Allowance Monitor) is an application designed to help parents track and manage their children's allowance. It automatically credits accounts with allowance and optional interest, either weekly or monthly.
How does Allowabank handle automatic allowance payments?
Yes, Allowabank automatically credits accounts with allowance. Parents can configure it to make deposits weekly or monthly and can also include optional interest payments.
Can I create separate savings accounts for my children in Allowabank?
Yes, Allowabank allows users to organize accounts by creating sub-accounts, such as "Savings" or "Charity". This feature helps compartmentalize funds for specific purposes.
What money management options are available in Allowabank?
Allowabank provides functionalities to deposit or withdraw money from accounts. Users can also transfer money between different accounts or sub-accounts directly within the application.
Does Allowabank offer any security features to protect accounts?
Yes, Allowabank allows parents to protect their children's accounts with a PIN. This security feature prevents unauthorized access or changes by children.
Is Allowabank compatible with different Apple devices?
Yes, Allowabank is compatible with both iPhone and iPad devices. The application is designed to function seamlessly across these iOS platforms.
How does Allowabank support reward systems?
Allowabank supports the collection of reward or chore points. This feature enables parents to set up and track incentives for their children directly within the app.
Can I configure an interest rate for allowance accounts in Allowabank?
Yes, Allowabank allows users to set an interest rate for individual accounts and sub-accounts like Savings. For example, a 10.00% interest rate is configurable per account.
Can I change the visual theme of the Allowabank app?
Yes, Allowabank includes various themes that allow users to change the appearance of the application. This feature provides personalization options for the user interface.
The following screenshots and description are sourced directly from the app's official store listing and are the property of the app developer.
App Store
Screenshots
The accounts overview screen in the Allowabank app showing a list of kids profiles with their respective savings and current balances.
A mobile app interface for depositing allowance funds into a childs virtual savings account
Allowabank app dashboard showing a child's account with savings and allowance settings
Description
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This page is not an official page of the app or its developer, but an independent editorial publication created for informational and commentary purposes. Unless expressly stated otherwise, neither the app nor its developer is affiliated with, endorsed by, sponsored by, authorized by, or otherwise officially connected with MWM, Apple, Google Play, the app publisher, or the app's developer, and nothing on this page implies that the app was developed using MWM's services. Any trademarks, logos, screenshots, and other content remain the property of their respective owners.