How it works
KoalaCash is not a bank, not a debit card, and not a fintech product. It's a closed loop your family runs together - kids get the feel of earning and spending without a single penny of real money moving anywhere.
How it works
One closed loop, run by you. No real money moves. Ever.
Set up your child's profile and give them a virtual starting balance. You decide everything - how much they earn, what they can spend it on, and when they get paid. Real banks charge fees. You don't.
Assign chores with a virtual reward attached. When your child completes one, tap 'Approve & Pay' in the app and their balance updates instantly - with a satisfying payment sound, just like a real transaction.
Kids tap their card to 'buy' rewards from a list you've pre-approved together. Screen time, an ice cream, Robux, a day out - whatever works for your family. The card only works in your family's app. It cannot be used in any shop, online, or at an ATM. You stay in complete control.
How is this different from a real bank card?
KoalaCash looks and feels like a kids' bank card - but it only works inside your family's app. No real money, no shops, no surprises.
KoalaCash is not a payment product. It won't work anywhere outside the family app.
A private virtual currency with a real-feeling card - the feeling of banking, none of the risk.
Think of it like a sticker chart - but your child gets a real card with their name on it, hears a payment sound when they earn, and watches their balance grow. It's the feeling of banking, without any of the risk.
FAQ
No. The card only works when tapped on a parent's phone running the KoalaCash app. It has no connection to any payment network.
Never. KoalaCash uses a completely virtual currency that only exists within your family's app.
GoHenry uses real money and a real Mastercard. KoalaCash is a virtual system - think of it as a high-tech sticker chart, not a bank account.
KoalaCash is designed for ages 7-12, before children are ready for real money apps.
Why KoalaCash
KoalaCash gives kids the fun of tap-to-pay while parents keep full control. It’s a no-real-money environment, so families can build confidence before stepping into real spending.
KoalaCash runs on a virtual balance. No real money on the card, no chance of overspending, no lost cash down the sofa.
Kids tap a real NFC card at a play cart or a parent's phone. The sound, the animation, the satisfaction, all safely sandboxed.
Approve chores, top up virtual balance, set limits, and see every tap in real time. No guessing, no surprises.
Honest comparison
Cash in a tin
Traditional pocket money
Practice, not pressure
KoalaCash
Real debit cards for kids
GoHenry & co.
Not a bank, not a debit card. KoalaCash is a sandbox designed for practice, so when kids graduate to real money, they’re ready.
Features
Virtual balance
Track each child's virtual pocket money in one private family app
Chore & reward system
Assign tasks and let kids claim virtual pocket money by tapping
Real-feeling NFC card
A physical prop card that only works inside your family app
Tap and hear payment feedback
Kids get the feeling of paying while no real money moves
Savings goals
Chunky progress bars make goals tangible
Full parental control
No bank account needed, no external payments, no financial risk
Ready to try it
Founding 100 families get a free personalised NFC card, sticker pack, and entry into our £1,000 giveaway.
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