Allowance Accounts
Track balances and spending activity for each child.
Let parents be the bank.
Give each kid their own allowance account — track balances, automate recurring deposits, and teach real money decisions together. No bank cards, no monthly fee.
Free · No bank card · No monthly fee · Takes 3 minutes to set up
Recurring Transactions
Schedule deposits and planned spending automatically.
Household Transfers
Move money between any accounts in your family.
Free
Always free to use
No card
No real bank cards
3 min
To set up your family
Any age
Works for any kid
Getting started
How it works
Set it up once, then let it run. Every family member gets a clear balance and you can see everything in one place.
Create your account
Sign up with your email. It takes seconds and gives you full parental controls from the start.
Set up allowance accounts
Add your household, invite a partner if you want, and create an account for each child with recurring deposits.
Track, transfer, and teach
Watch balances update as money moves. Let a kid overdraft and work it off. Real lessons, no real consequences.
Is any real money involved?
No. Bank of Parents is a ledger, not a bank. You track money on screen but nothing moves between real accounts. Kids see a real balance and make real decisions — the consequences just don't cost anyone money.
Do my kids need a bank card or account?
No bank card or account needed — for you or your kids. Bank of Parents works entirely on its own. You manage everything as the parent and your kids can log in to check their balance and see transactions.
How is this different from a prepaid debit card?
Prepaid cards involve real money and often come with monthly fees. Bank of Parents is a ledger — like a family spreadsheet with automation. It's the middle ground between doing nothing and giving kids a real card too early.
Is it really free?
Yes. No monthly fee, no subscription, no card. Just sign up and start tracking your family's allowances for free.
Can I set up automatic recurring allowances?
Yes. Set up recurring deposits — weekly, bi-weekly, monthly, whatever works for your family. The allowance posts automatically so you don't have to remember every week.
Start building real money habits today.
Set up your family in under 3 minutes. Free — no bank cards, no monthly fee, no catch.
Real lessons, no real consequences. The concepts stick; the mistakes don't cost anyone anything.