Educational tool
MyFamilyBank is designed for learning money habits at home. It is not a licensed bank or financial institution.
Legal and privacy information
Built for family learning, not real banking.
MyFamilyBank is an educational family finance tool. It helps parents and children practise pocket money, saving habits, requests and simple agreements in a private family setting.
No direct identifiers
The product does not require email, phone, real names or real banking details for the family bank flow.
Audit summary
The summaries below are internal product self-assessments, not legal advice, certification or regulator approval.
Privacy approach
We avoid collecting information that identifies the family.
MyFamilyBank stores the information needed to run the family bank experience: profiles, PIN access, balances, agreements and requests. Those records are not connected to direct personal identifiers that would tell us which real family they belong to.
What we do not require
Email addresses, phone numbers, real names, home addresses, real bank account numbers or card details.
What may be stored
Family-bank profiles, PIN access data, pocket money settings, balances, agreements and requests.
How families should use it
Use nicknames or first names only. Do not enter real banking credentials, sensitive documents or private identity information.
Product commitments
Free core education and flexible family languages.
MyFamilyBank is built for families in different countries, languages and household cultures. A parent may support children who live in different places and use different everyday languages. The core educational flow should remain accessible, and the wording can be adapted without changing the underlying family money method.
Free core learning flow
The basic educational family bank is free for families: pocket money rules, balances, requests and parent approvals. Future paid features may exist, but they should extend the experience rather than remove the core learning flow.
Client-editable interface text
The PWA interface text can be edited by the client. This helps families, schools or partners adapt the wording to each child's language, culture and preferred family money terms.
GDPR self-assessment
Internal audit summary for GDPR principles.
This is a product-level self-assessment of how MyFamilyBank is designed around privacy-by-default and data minimisation. It is not a formal GDPR certification.
Data minimisation
The family bank flow does not require email addresses, phone numbers, real names or real banking details. Families can use nicknames and internal labels.
No direct family identification
The system stores operational family-bank data such as profiles, PIN access, balances, agreements and requests, but these records are not tied to direct personal identifiers that would tell us which real family they belong to.
Educational purpose limitation
Stored information is used to operate the family money learning experience, not to build credit profiles, sell financial products or run behavioural advertising.
Sandbox without real family data
The Sandbox can be explored with a demo family before a household creates its own family bank.
Financial education alignment
Internal audit summary for EU financial education expectations.
MyFamilyBank is aligned with the general EU policy direction of improving financial literacy, especially through practical learning, transparency and informed decision-making. It does not claim approval under a specific EU financial services licence.
Clear educational positioning
MyFamilyBank is presented as a financial education tool for families, not as a bank, e-money institution, lender, investment provider or payment service.
No real financial products
The service does not provide real bank accounts, cards, deposits, loans, investment products, payment execution or regulated financial advice.
Practical money literacy
The product supports age-appropriate learning around pocket money, saving habits, requests, family agreements and responsibility.
Parent-led decisions
Money rules, approvals and agreements remain within the family. The product structures the conversation but does not make financial decisions for the household.
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