How it works

Help build smart money habits early with Kit's nifty features for parents, carers, and your little grownups.

Parental controls with Kit's Boss Mode

Get peace of mind with parental controls

In Boss Mode, you can customise parental controls for each kid. 

  • Real-time money transfers to your kid with PayTo.
  • Set and manage spend controls and merchant blocks.
  • Real-time notifications of your kid's spending.
Spend mindfully

Help teach your kids to spend mindfully

Spend it with a prepaid physical and digital card available in-app.  

  • Let them choose a personalised card in one of four colours and set up their Kit card with Apple Pay or Google Pay™ across multiple devices.
  • View a detailed transaction history. 
  • Withdraw money from ATMs or tap to spend in store. 
Set up pocket money and jobs

Easily set up pocket money and jobs

Set up PayDay so your kid can earn pocket money for jobs they complete.
 
  • Customise pocket money with regular, one-off, or no jobs at all. 
  • Track and manage their completion of jobs. 
  • Automate PayDay with or without parental approval. 
Help your kids achieve savings goals

Help motivate your kids to achieve their savings goals

Stack it by creating savings stacks that encourage your kid meet their money goals. 

  • Create savings stacks and watch them fill up with a rising water level when money is added to the account. 
  • Get reminders about upcoming goal due dates. 
  • Your kids can customise their stacks with their favourite colours and stickers and give their goal a name.
Learn with Kit's Money Quests

In-app learning nudging real-world behaviour

Send your kid on Money Quests with their smart money sidekick Kit in our gamified learning. 

  • Quests take place in the Moneyverse and include mini games, rewards and nudges.  
  • Test their money savvy skills with fortnightly quizzes available in-app. 
Link a Youthsaver account to Kit

Now they can earn interest on their pocket money.*

With Youthsaver, your kids could start earning up to 5.00% p.a. interest on savings in their Youthsaver account.^ Link a Youthsaver account to Kit and your kids can:
 
  • Keep track of their Youthsaver savings within Kit.
  • Make transfers from Kit to their Youthsaver account.
Avatar Creator (1)-1

Let your kids express themselves

Our avatar creator lets your kid choose their own look in Kit's Money Quests. 

  • Unlock 70+ items for their avatar - because in the Moneyverse, creativity is limitless! 
  • Redeem more items with Winkits. The more your kid learns, the more they earn.

A pocket money app with purpose

83 %

Kit families having money conversations 

59 %

Kids on Kit earning money on their own

87 %

Kids on Kit buy things with their own money

80 %

Kids on Kit save their own money

More on how Kit is designed to build financial capability

*^Kit is built by CBA New Digital Businesses Pty Ltd ABN 38 633 072 830, which is wholly owned by Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (CommBank). Kit financial products including the Kit Account and the Kit Card are issued by our partner Hay Limited (AFSL 515459). Consider the PDS, FSG, TMD, T&Cs and other important information at Important Information . Any advice given is general in nature. Fees and charges may apply. ​​

CBA New Digital Businesses Pty Ltd (ABN 38 633 072 830), trading as Hey Kit, has been appointed as authorised representative (001296799) of Commonwealth Bank of Australia (ABN 48 123 123 124 AFSL 234945) who is the issuer of the CommBank Youthsaver account.​ 

Any advice provided is general only and does not take into account your objectives, financial situation or needs. Please consider the T&Cs, available here, and whether a Youthsaver account is appropriate for you.​ The target market for CommBank Youthsaver will be found within the product’s Target Market Determination, available here.​ Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.

Subject to eligibility criteria. 5.00% p.a. total variable rate when you make at least one deposit of any amount into your account and grow your balance (excluding interest and transactions initiated by the Bank) each calendar month on balances up to and including $50,000. The total variable rate includes 2.60% p.a. standard variable rate and 2.40% p.a. bonus variable rate when the above eligibility criteria is met. For the portion of the balance over $50,000 and/or if the bonus criteria isn't met, only the standard variable rate will apply. Interest is calculated daily and paid monthly. Rates effective 17 November 2023 but subject to change.​

The Bank is authorised under the taxation laws to collect a Tax File Number (TFN), an Australian Business Number (ABN) or an exemption code.  It is not an offence if you don’t provide a TFN, an ABN or an exemption code, but by law, we may be required to withhold a portion of your interest earned on the account.