Pocket Monkey is free to download and use. If a bank account is connected to allow pocket money transfers then a $2 per month fee is charged.

No, Pocket Monkey is an educational app that lets kids experience owning shares and earning dividends without the risk

No, Pocket Monkey does not receive or hold your money. When automatic transfers are enabled a direct debit is initiated from the parent's bank account to the child's account.

All Australian banks are supported.

Each week, pocket money is transferred from the parent's account to the children's accounts. When a child chooses to save or invest more of their pocket money, the weekly transfer can be increased so the extra amount still comes from the parent—there is no magic money, just clearer rules you set together.

Parents choose how pocket money works: kids can earn more by completing jobs, and saving or "investing" in the app can increase next week's transfer using a growth rate you control. That makes the benefit of saving visible without exposing kids to real investment markets.

You set an annual growth rate on the amount your child chooses to invest in the app. That rate is applied inside Pocket Monkey only—it does not buy real shares or funds—so you can show compounding in a safe, age-appropriate way. For example, if a child invests about $50 of pocket money each week and you choose a high illustrative rate, their simulated balance grows week by week; the exact numbers depend on the rate and whether they keep investing. You can always adjust the rate to match the lesson you want to teach.