How it works

 

Help build smart money habits early with Kit's nifty features for parents, carers, and your little grownups.

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Father and daughter smile while using the Kit money app on a smartphone to track allowance, spending, and financial habits for kids.

Get peace of mind with parental controls

Take control with Boss Mode - customise parental settings for each child. 

  • Real-time money transfers to your kid with PayTo, ensuring they have access to funds when they need it.
  • Monitor spending, set limits, and block specific merchants to guide your child's financial journey.
  • Real-time notifications of your kid's spending. 
Child organises their closet with the Kit money app’s spend screen to manage purchases and track spending decisions.

Help teach kids to spend mindfully

Empower kids to manage money with Kit’s prepaid card - available physically and digitally in-app.  

  • Let them choose a personalised card in one of six colours and set up their Kit card with Apple Pay or Google Pay™ across multiple devices.
  • View a detailed transaction history. 
  • Withdraw money from ATMs or tap to spend in store. 
Smiling child sorts laundry with the Kit app, showing today’s and week’s chores and pocket money earnt for completed tasks.

Set up pocket money and chores with ease

Set up PayDay so your kid can earn pocket money for chores, ‘Jobs’, they complete. 
  • Customise pocket money with regular, one-off, or no jobs at all. 
  • Assign a day, track, and manage ‘Jobs’ for your child easily.
  • Automate PayDay with or without parental approval.  
Smiling child on a skateboard checks their phone with the Kit app open, showing savings goals and days left to reach a toy purchase goal.

Motivate kids to reach their savings goals

Encourage goal setting with Kit’s interactive savings goals feature, ‘Stacks’. 

  • Create savings stacks and watch them fill up with a rising water level when money is added to the account. 
  • Get reminders about upcoming goal due dates. 
  • Your kids can customise their ‘Stacks’ with their favourite colours and stickers and give their goal a name. 
Excited child uses a tablet with the Kit app open, displaying interactive Money Quests and fun financial learning content for kids.

In-app learning nudging real-world behaviour

Send your kid on engaging in-app games and quizzes, 'Money Quests', with their smart money sidekick, Kit, in our gamified learning.

  • Quests take place in the Moneyverse and include mini games, rewards and nudges, making learning fun and engaging. 
  • Test their money savvy skills with fortnightly quizzes available in-app.  
Father and daughter smile while viewing the Kit app on a tablet, showing the child’s Youthsaver account with a $1,311 balance earning interest.

Now they can earn interest on their pocket money

With Youthsaver, your kids could start earning interest on savings in their Youthsaver account.**

Link a Youthsaver account to Kit and your kids can:

  • Keep track of their Youthsaver savings within Kit.
  • Make transfers from Kit to their Youthsaver account.
Smiling child with outstretched arms, showing their customised avatar in the Kit app, with 20 Winkits - Kit’s fun in-game currency for kids.

Let kids express themselves in the Moneyverse

Our avatar creator lets your kid choose their own look in Kit's 'Money Quests'.  

  • Unlock 70+ items for their avatar – because in the Moneyverse, creativity is limitless! 
  • Redeem more items with Kit's in-game currency, 'Winkits'. The more your kid learns, the more they earn.