Skip Nav
Automatically Enrolled in Your Company 401(k)? Here’s What You Need to Know
Transformative Career Advice From 1 of Kate Spade New York's Boss Ladies
8 Female-Led Podcasts to Fire Up Your Professional Life

ATM Machine Toy

ATM Machine Bank: Kid Friendly or Are You Kidding?

Money, money, money — do kids like playing bank? The invention of plastic cell phones and mini laptops were somewhat expected, but the Summit ATM ($30) caught me by surprise. Tots can play drive–through, only instead of just sitting pretty, this box of plastic is actually a working bank. Kids can store their dollars and coins while the machine keeps tabs of the amount.

Are you all for teaching youngsters about money or do you think an ATM machine seems a tad extravagant?

Join The Conversation
The-Crisseys The-Crisseys 7 years
With 5 kids you look for value for the dollar. We got this for one of our son's (Joseph 8) Christmas 2008, he has taken very good care of it. His brothers and sisters has had fun with it also (13,11,10 & 5). Used it almost daily, has helped him with money counting. The keypad just stopped working today (October 09). Not bad all things considered. He has saved enough to take Mom on dates this past year, even let Dad borrow some for coffee. So I think he's in line for a new one. Dale, Carla, Sarah, Hannah, Adam, Joseph, Daniel, The Crissey's
roxyb roxyb 9 years
Looks cool to me!
darlene darlene 9 years
sounds cool
MandeeLei MandeeLei 9 years
If the parent introduces the toy properly it can be used as an educational tool as well to teach kids about money and savings.
CaterpillarGirl CaterpillarGirl 9 years
Mishell, it doesnt just teach kids that its easy to get cash from a credit card! It isnt a machine that they put a plastic card in and it gives out money. Its a "bank" to put thier real coins and cash in, and keep track of what they put in there and what they take out. My niece has this and she has become very conscience of how much she has earned (she doesnt get allowance) how much things really cost and the value of savings. It has also taught her that when mom goes to the ATM machine its not just "free money" she is spending what whe has put into the bank.
jillerin457 jillerin457 9 years
Why do people say "ATM Machine"? What do you think that "M" stands for? Sorry, little pet peeve, just trying to fix the world...
pinkprincess1101 pinkprincess1101 9 years
i got one for my daughter last christmas and she loves it she has saved $300.00, plus what i put in there from child support i think it is teaching her the value of money, she has a goal and she reaches her goal, and then sets a new goal to save more and she says its for college which is very surprising coming from an 8 year old, she was never forced to save it was more a toy when we got it for her she was into playing store, some may think it may send the wrong message i think as long as you take the time to direct your children the right way than your good, i doubt i bought it with the intention for this toy to teach my child, i bought it so my daughter can learn the value of money
chasingjamie chasingjamie 9 years
I don't think that's the case, Mishell. All the parents have to do is explain that you can't get money out if you don't put money in. I had one of these (or something very similar) when I was in my early teens and too young to have my own account, but pretty much only because it kept track of how much money I had.
Mishell Mishell 9 years
All this teaches kids is it's easy to get cash from a credit card. It teaches nothing about the value of money. That takes work from the parents. But it's so much easier to buy a toy to do the job for you, isn't it.
Pallas-Athena Pallas-Athena 9 years
There were things like this when I was little. When I was little I didn't think of it as my bank like the one my parents go to. I just thought of it as a really awesome piggy bank that made cool sounds and stuff. This isn't the first time something like this has been made.
Njoyu Njoyu 9 years
I got this for my son a year ago (he was seven) and he loves saving money because it actually works! And he learns about interest because when he reaches $50, he gets to put it in his actual bank account.
ohjeeze ohjeeze 9 years
There is a difference between showing your kids how to be responsible with money and reinforcing the money hungry society we live in. I'm not sure which one this toy does although it is probably doing both.
LiLRuck44 LiLRuck44 9 years
Put it in a real account and teach them about interest.
Gabriela14815884 Gabriela14815884 9 years
I love it!
stephley stephley 9 years
I looked at it a couple of times, but decided the price tag sent the wrong message - you can teach your child getting them a piggy bank and talking to them when you go to the bank or use the atm.
Frank-y-Ava Frank-y-Ava 9 years
I think it's freaking awesome, I love it. Just a fancier version of a piggy bank!!
Megatron Megatron 9 years
That's a fantastic idea! I had NO concept of money when I was a child. My aunt tells the story of when I would go to the mall with her and when she would run out of money, I told her to go to "the machine" (ATM) and get more. This could teach kids to be financially responsible from a young age.
Saving Tips For Every Age
What Should I Do With Extra Money?
The Most Common Money Mistakes
How to Save Money Without Trying
From Our Partners
Latest Career & Finance
All the Latest From Ryan Reynolds