3 Pocket Money apps financially empowering children in Europe

• Kite by Starling

Launched in 2020 by digital bank Starling, Kite is a debit card for kids that lets parents load pocket money, track spending and encourage saving. The child-friendly offering is linked to a parent or guardian’s personal Starling account, and kids can also get access to their own banking app.

Parents can also order the debit card from the app, which will bear the children’s name, and allow kids to use it to spend online or in-store or withdraw cash from ATMs.

Starling Kite allows parents to allocate up to £5k to the card and monitor their child’s spending. They can also check, control and limit specific functions such as online payments and ATM withdrawals and set a daily transaction limit.

• Pockee by Netguru

Pockee is a family-friendly payments app concept that educates children through fun interactions and uses gamification to let kids learn while they play.

• Rooster Money by NatWest

NatWest Rooster Money is a kids’ prepaid debit card and pocket money app that encourages children to manage their allowances, complete their chores and save for goals that they might have. It is a pocket money manager, piggy bank, reward chart, savings tracker and chores app that helps families teach kids about money and savings goals.

Rooster Money believes that kids get confident with money through an early and hands-on introduction to the world of finance, ultimately giving them a head start. The app helps families take kids aged between 3 and 17 through all the key milestones in financial education – from a free Star Chart for younger kids to a prepaid debit card for children six and over.