Frequently Asked Questions
Got some questions about Pennybox?
We got the answers right here.
With Pennybox, kids earn money at home and learn to manage their own finances in a practical, fun, and social way. Pennybox is an app that teaches kids how to earn, save, and spend money.
There's no minimum age to use Pennybox.
For younger children, the app can be used on shared devices at home in a safe environment controlled by parents. If you believe your child is using Pennybox without your consent, you should delete the app from their devices and contact us at email@example.com.
We aim to empower kids to be money-savvy and learn about important personal financial concepts and good financial behaviour. We do this by turning everyday activities into jobs or tasks, and teaching them how to manage their earnings in a fun, practical, and social way.
Through using the app, kids find work to do around the house, pitch the job to their parents, and collect money when the task is completed. By practically going through this process on a daily basis, kids build good financial behaviour and learn real-life financial concepts of financial goal setting, budgeting, and earning money.
Just download the app for free from when it’s available and we’ll step you through the process inside the app.
Absolutely. Children's privacy and online safety is very important to us. We actively take action to protect all our users and their data.
A Pennybox Family is the linked account between parents and children, which enables money flows between the family. This also allows parents to always be up-to-date with what their children are doing to earn pocket money.
Pennybox is more than just a video creation tool: it’s a platform that lets kids learn from each other.
By following what jobs their friends are doing, kids find inspiration to create their own tasks. This process teaches kids ideation and consumer research skills, and is aligned with our money education curriculum.
Allowing Pennybox to access your camera makes it easy and convenient for you to upload photos and videos straight from your phone or tablet device.
Nope. Not at all.
No bank details are required to use Pennybox. Pennybox has its own ‘My Wallet’ function for kids and parents to keep track of money being earned and spent.
When a child completes a task, they earn money. This money is shown within the app under the section titled “My Wallet”. Children can ‘cash out’ when they earn money. This process is done in real life, outside of the app; when they ask you for their Pennybox funds, money is deducted from their account. The same is true if you ‘redeem’ money (say for something you might buy for your kids when you are shopping). Parents can deduct money from their child’s wallet to hold them accountable for things they want to buy.
Not at all.
Pennybox is a free application for parents and children.
Yes, you can still use Pennybox.
However, at this stage, Pennybox only supports one Pennybox Family per username.