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Best Pocket Money Apps UK

There are now several pocket money apps available, designed to help teach children how to manage their finances. I’ve taken the time to look at each one, including the cost, features, and pros and cons, to identify the best pocket money apps available to parents.

Pocket money apps have made keeping track of children’s allowances and cash flow quick and painless, as well as providing a means for children to spend their money in a safe and controlled way. In their simplest form, they are a digital piggy bank, and in a world where all banking is moving online, these apps may be providing children with an invaluable education on how to manage their finances as adults as well as providing families with a convenient way to manage pocket money and encourage savings.

List of best pocket money apps UK in May 2024

In my list below you will find the best pocket money apps available for those based in the UK.

GoHenry Logo


  • £2.99 per child
  • Comes with a pre-paid card
  • Includes a stocks and shares ISA
Revolut Junior logo

Revolut Junior

  • Free version available
  • Good parental controls
  • Ability for more than one parent to manage the account
Nosso logo


  • Can be managed by more than one parent
  • Great customer support
  • Comes with a unique link for family and friends to contribute
Rooster Money logo

NatWest Rooster Money

  • £1.99 p/month
  • Set and track chores
  • Good parental controls

What is a Pocket Money App?

A pocket money app acts much like a first bank account for a child however, it is usually linked to a parent account for instant notifications on transactions and spending limits, and often comes with a prepaid debit card with restrictions on where the child can spend their money. These apps provide a means from which to pay your children pocket money and can effectively act as a savings account although you won’t usually get interest. More often than not, they come with an adult app, whilst children have their own app from which to view their spending history and balance.

Which Pocket Money App is Best?

I’ve compared the costs and services of most of the major online children’s accounts available to UK residents so you can make an informed decision as to which of the money management apps would be best for your family.

GoHenry: Best for range of tools and features

GoHenry Logo


GoHenry was the winner of Best Children’s Financial Provider 2021 at the British Bank Awards and they definitely have a decent range of tools and features to help children learn good financial habits. The major concern for parents considering GoHenry is the higher than average monthly fee.

Parent app:

  • View available funds on all linked children’s accounts
  • Load money onto any child’s accounts
  • Set up weekly allowance transfers for pocket money
  • Add a co-parent for the setting of boundaries, notifications and management of chores
  • View breakdown of all transactions
  • Set tasks for earning pocket money
  • Set savings goals
  • Transfer money instantly
  • Receive notifications every time a child spends using their GoHenry card
  • Place spending limits and controls on your child’s spending
  • Retrieve lost PINs
  • Order and block/unblock card
  • Add up to four children per account

Childs app

  • View balance
  • View chores
  • Create savings goals and automatically save a percentage of pocket money each week
  • Recieve notifications when money is gifted to the account
  • Split the Bill with friends
  • Recieve a prepaid Visa debit card
  • Link card to ApplePay for children 13+

After the initial one month free trial, all account holders can expect to incur the following charges:

Monthly Fee £2.99 per child
Card fee Free
Transaction fee Free
UK ATM fee Free
Loading fee 1 free top-up per month, 50p thereafter
Card replacement fee Free


  • Friends and family can gift directly into the child’s account
  • Comes with a pre-paid card
  • Good range of features designed to help children manage their finances
  • Includes a stocks and shares ISA


  • One of the most expensive options at £2.99 a month
  • No interest available on savings
  • Only one free top-up per month

Revolut Junior: Best for low cost and spending abroad

Revolut Junior logo

Revolut Junior

For people looking for the lowest cost option, Revolut Junior comes with a completely free version that can be accessed for one child and allows parents to pay in pocket money whilst providing a debit card for the child. It is also one of the most cost-effective ways of spending money abroad.

However, to unlock some of the more advanced features, or to open a Junior account for more than one child, there is an associated cost. In addition, the limit of £40 per month for free ATM withdrawals may be prohibitive for older children.

Parent app

  • Instant notifications on all spending using the Revolut Junior card
  • Ability to set custom controls for online and contactless payments
  • Instant top-ups
  • Instantly freeze lost or stolen cards
  • Retrieve forgotten PINs
  • Add a co-parent providing they have an adult Revolut account
  • Set goals and tasks (paid accounts only)

Child app

  • View balance and transaction history
  • Receive a unique card with a number on the back for additional security
  • Link card to Apple or Google Pay (13+)
  • Free ATM withdrawals up to £40 per month

The fees associated with Revolut Junior are in relation to the tier you have selected on your parent account. Therefore it is important to know the features you will access on both accounts for each tier. For more information please refer to my full Revolut review here.

  Cost Number of Children Full access to Junior Features
Standard FREE 1 No
Plus £2.99 per month 2 Yes
Premium £6.99 per month 2 Yes
Metal £12.99 per month 5 Yes

In addition to this, the following fees apply:

  • Card delivery fee: £4.99
  • Replacement card: £5
  • Overseas transaction fees: FREE for first £250 per month
  • ATM withdrawal fee: FREE for first £40 per month, 2% thereafter

Pros and cons


  • Free version available
  • Good parental controls
  • Ability for more than one parent to manage the account


  • Parent must have an adult Revolut account to access Revolut Junior
  • Friends and family unable to gift money directly into the child account
  • Very limited features on the free version

Nosso: Best for investments

Nosso logo


Nosso is a different offering from the other children’s apps on this list as it is specifically designed to help parents save and invest for their children’s future. Anyone can contribute to the child’s investments, however, there is no payment card with this solution as it is not intended as an account.

Investment accounts

  • Stocks and shares ISA
  • General investment account


  • Nosso Core Portfolio
  • Carbon Cutter
  • Water World
  • Health Heros

Nosso gifting 

A unique link that allows friends and families to contribute to the child’s investments.

Nosso is a low-cost option with an annual platform fee of 0.50% and a fund charge of 0.25% – 0.30% depending on the fund you select.


  • Can be managed by more than one parent
  • Great customer support
  • Comes with a unique link for family and friends to contribute


  • Limited products
  • No card or spending opportunities
  • Limited opportunities for experienced investors

Rooster Money – Best for younger children

Rooster Money logo

NatWest Rooster Money

The free version of Rooster money is ideal for very young children who are gaining a grasp on the basics of managing their own money. Whilst the free version is only virtual, this can provide a means of keeping track of your child’s pocket money and help develop good money habits.

  • Schedule your child’s allowance to be automatically paid in with weekly or monthly transfers
  • Encourage your child to save money with saving pots and saving goals
  • Set chores to be completed before allowance can be paid in
  • Utilise the educational content to encourage good money habits
  • Set interest rates to help your child understand the value of compounding
  • Use the reward chart to encourage good behaviour
  • Teach children how to set recurrent payments to pay for subscription items
  • Add multiple parents and guardians to manage the app
  • Virtual Tracker – FREE
  • Rooster Plus – £14.99 /yr with 1-month FREE trial
  • Rooster Card – £19.99 /yr
Spending online FREE
Foreign transactions FREE up to £50 per month 3% thereafter
Debit card loads FREE for 3 a day or 10 per month
CHAPS transfer £10
Bank transfer out FREE
Rooster card replacement FREE for 1, £5 thereafter


  • Set and track chores
  • 3 free loads per day
  • Good parental controls


  • Subscription fee to access features
  • Only 1 free replacement card, £5 thereafter
  • Free account is only virtual

Pocket Money Apps Comparison Table

Pocket Money App Age Cost (per month) Extra accounts Child’s app Top-up fees
GoHenry 6-18 £2.99 £2.99 Yes 50 pence
Revolut Junior 7-17 Free up to £12.99 Yes None
Osper 8-18 £2.50 £2.50 Yes 50 pence
NatWest Rooster Money 6-17 Rooster PLUS: £14.99 p/yr or 99p p/month
+ 1 month free trial.
Rooster Card: £19.99 p/yr or £1.99 p/month
+1 month free trial
£1.99 Yes 50 pence
HyperJar 6-17 Free Free No None
nimbl 6-18 £2.49 £2.49 Yes None

FAQs about Pocket Money Apps

Is there a free alternative to GoHenry?

Yes, Revolut account holders can access Revolut Junior for free although you won’t get the same level of features that you can access at GoHenry. Rooster Money also has a free virtual account that can help keep track of your children’s pocket money.

Can a 12-year-old have a debit card?

Absolutely, children aged as low as 6 can access a prepaid kids debit card which can be used to spend the money in their children’s bank accounts. Kids prepaid cards are an excellent way to introduce children to money management without the risk of them going overdrawn.

Which money app is the best?

This depends on your requirements. GoHenry seems to be loaded with the most features and educational content however, it is also the most expensive option available. For parents who already have a Revolut account, the obvious choice would be the Revolut Junior children’s bank account. Revolut Junior is also an excellent option for spending money abroad.
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