MAD Bank: Pocket Money Manager

The new generation of kids need to learn how to control and keep track of their spending using tap and pay (contactless) transactions. Use this app to to teach your kids financial habits in a safe space, with Mum and Dad (MAD) being the bank.

Use with a compatible NFC card to electronically keep track of your kids pocket money on your phone. Visit www.tobytoys.com.au for more information.

To start, use the “Deposit” button to add some pocket money to their account, then tap a compatible NFC card to create it. The account is now linked to their card for spending or periodic pocket money top-ups.

When your child wants to purchase an item with their pocket money:
1. Type in the cost of the item in the app, and press “Withdraw”.
2. Tap their compatible NFC card and their account linked to the card will automatically be deducted.
3. Ensure they know the balance of their card account using the “Bal.” button and tapping their card.

Note: The App and NFC card only keeps track of their pocket money digitally and cannot be used to pay for any purchases. The guardian/adult must pay for purchases using their preferred method of payment.