How NuMoola Works
Parents can contribute to kids’ savings by setting missions, tracking progress, and rewarding successes. True financial literacy comprehension takes place as kids apply the skills they’ve learned with the secure NuMoola app.
Parents & Guardians
Download the NuMoola app to begin teaching your kids valuable lessons about Mission management, financial literacy, and entrepreneurship.
Kids login to their parent-guided NuMoola Account to complete parent-assigned Missions, watch their earnings grow, and achieve their individual Goals.
Families learn together about money management and accountability, with reinforced learnings from financial literacy lessons and tips.
Moola is easy to grow, easy to track.
NuMoola’s Account ledger and analytics make it exciting for kids to learn about money management with guidance and oversight from the key adults in their life. Simply contribute to your kid’s NuMoola Account and watch their savings grow!
- Savings 70% 70%
- Spending 20% 20%
- Giving 10% 10%
Kids securely earn real money.
Using our FDIC-insured* savings account, Parents will have peace of mind that their kids are watching their money grow and working to achieve their Missions in a safe and secure finance app.
Financial Literacy is all about fun.
It’s not just about earning Moola! NuMoola has partnered with Amazon Alexa to offer exciting educational games focused on all aspects of personal finance and entrepreneurism.
From Cosmic Challenges to NuMoola Smart Star Tips of the Week, NuMoola works with Alexa to enable your learner to use tools that best match their financial literacy learning preferences.
*Any balances you hold with nbkc bank, including but not limited to those balances held in NuMoola accounts are added together and are insured up to $250,000 per depositor through nbkc bank, Member FDIC. If you have funds jointly owned, these funds would be separately insured for up to $250,000 for each joint account owner. nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your NuMoola accounts may be placed into and held beneficially in your name at other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). For a complete list of other depository institutions where funds may be placed, please visit https://www.cambr.com/bank-list. Balances moved to network banks are eligible for FDIC insurance once the funds arrive at a network bank. To learn more about pass-through deposit insurance applicable to your account, please see the Account Documentation. Additional information on FDIC insurance can be found at https://www.fdic.gov/resources/deposit-insurance/.