Bank of Parents is a money management software designed for parents to manage their children's finances effectively. The app helps parents monitor their kids' spending, set allowances and savings goals, and track transactions, all from a single platform.
With Bank of Parents, there is integrated support for multiple international currencies including $, €, and £, making it an excellent tool for parents living in different parts of the world. It helps track your children's money and supports up to 5 children.
One of the most appealing features of Bank of Parents is the simulated ATM Mode for kids programmed to talk when being used, which creates a realistic banking experience for children. The program also supports the ability to set an opening balance, withdraws and deposits, and transaction details, including descriptions, dates, and amounts stored to keep track of every transaction.
Bank of Parents comes with a password-protected admin mode that allows parents to monitor all activities on the program. The software allows negative balances for lending money to your kids, which can be an excellent way to teach them financial responsibility. It is a great tool to help teach your children banking and is easy to use even for kids.
One of the limitations of the software is the inability to save in demo mode. However, this is only a trivial drawback compared to the array of benefits offered by the software. Bank of Parents provides free upgrades for any 1.x release, making it a useful tool for parents who need to keep up with the latest banking trends. Overall, Bank of Parents is an excellent program for parents who want to teach their children about the importance of financial management.
Version 1.1.6: N/A