What is My Bank Of?
My Bank Of is a tool for parents to be able to manage their children's allowances, chores, and more! The hope is child(ren) will learn the value of money and how to save and invest, and parents will not have to stress about their children's money.
Bank Accounts
Do your children receive cash for birthdays, holidays, etc? Ever forget where you put it and how much they have? You can now manage how much money your children have, without having to open actual bank accounts and fill out pages of documents
Chores
Find it hard to keep track of which child is doing what chore? Want to randomize it? Want to be able to have them pick? You can manage your chores in a way that works best for your family. You can also incentivize them to do extra chores for additional money
Allowance
What would a family banking app be without the ability to schedule and customize allowances? You can adjust each child's allowances to meet their age and effort they put into family chores
Disclosure
My Bank Of is not an actual bank, it is just a tool for parents to be able to manage their children's finances and also teach them about savings, investing, etc. You as the parent are responsible for actually paying out of money when the child requests a withdrawal. Remember, whatever money you deposit for them, you'll have to cough up when they want something 😀