Zefty

This website Zefty.com comes again from my GCT PLN from Cliotech

This online application that helps parents teach money-management to children and also track their allowance. Using Zefty, parents can set up virtual accounts for their kids and then specify how much allowance they get. The kids can then log in into their accounts and see how much money they have. The application works just like an actual bank account but everything is based on virtual money.

The Parent = the teller and has control over the safe. The student can even "write checks" to take to the banker for cash. After reading several of the forum posts, I also found that one parent found it handy because she used it on her web-enabled phone at the store to check balances before purchases were made!