Swiss Kids PFM App Like GoHenry?

Hello

I read with interest your moneyland.ch reports and gain lots of useful insights.
Whilst in the UK recently I saw a pocket money app called GoHenry which tracks pocket money expenditure and teaches money skills to kids whilst giving parents full transparency on their Child's spending.

It raised the question on how financial institutes here in Switzerland are helping young people and families learn essential financial skills as transactions become increasingly intangible.
Do you know of any Swiss app or bank which are leading the market in this area?

We have elementary age kids aged 9 and 11 and whilst we give them cash to spend and cash to save - I feel increasingly they need something more sophisticated to cope with the reality of the world they will be operating in.

Gohenry was an app I learnt about in the UK and parents rave about it!

Interested to hear your thoughts or ideas for an upcoming article on teaching the next generation about money skills.

Have a great day.

Options for personal finance management tools for children are still limited in Switzerland.

Currently, Viva Kids from Credit Suisse is the only solution I know of which gives you the same functions as GoHenry (and more). It has major advantages over Gohenry in that it includes both cash and book money and offers full-service bank accounts at a bank with branches across Switzerland. The product combines:

• A high-yield account (5% interest p.a. for up to 1000 francs, 1% p.a. for between 1000 and 25,000 francs).
• A no-annual-fee private account (checking account) with a linked debit card.
• A physical piggy bank (Digipigi) which is linked to a mobile app. The piggy bank tracks cash deposits and is synchronized with the mobile apps via the Internet. Its wi-fi connection automatically switches off at night. It can only be opened by parents (via the parent app) or by a Credit Suisse branch when money is deposited into the linked account.
• A parents app which lets parents define allowances and set out chores which must be completed for allowance transactions to occur, track children's spending and open the physical piggy bank.
• A children’s app which lets kids track both cash held in the physical piggy bank and book money held in their bank accounts. Children can set savings goals, follow growth (savings and interest) and track their spending via the app. Children can also view the chores which must be completed before their allowances are authorized.

The disadvantage of the Viva Kids solution is that it is only available to children of Credit Suisse account holders. The full package (including the Digipigi piggy bank) is only available free of charge to children of Credit Suisse bundled banking packages. The cheapest package (Silver) cost 15 francs per month (180 francs per year!). Holders of stand-alone Credit Suisse private accounts (5 francs per month, 60 francs per year) can open Viva Kids accounts for their kids, but must pay a one-time fee (100 francs) per Digipigi. It is worth noting that you as the parent have full access to and control over your child's private and savings accounts within your Credit Suisse online banking.

Take a look at the Finny app from Fintune. It's bank-independent so it can be linked to whichever bank account you use for your child. You have the option of paying your child interest when they save their pocket money, etc.