Qwifyu Electronic Auto-Scroll Cash & Coin Kids’ ATM
Last updated: October 9, 2023
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We looked at the top Piggy Banks and dug through the reviews from some of the most popular review sites. Through this analysis, we've determined the best Piggy Bank you should buy.
If your little one is fascinated by ATM machines, then this piggy bank is the way to go. It has a slot in the front that pulls in dollar bills and a slot on top for dropping in coins. It's outfitted with a keypad for creating a passcode so your child can rest assured his money is safe.
In our analysis, the Qwifyu Electronic Auto-Scroll Cash & Coin Kids' ATM placed 6th when we looked at the top 14 products in the category. For the full ranking, see below.
From The Manufacturer
High Quality: Made of high-quality environmentally ABS plastic, safe and durable. Qwifyu attaches great importance to product quality, this has passed multiple safety test certifications. Digital Password Lock: It requires a 4-digit password protection lock to open the piggy bank (Default password is 0000), and children can also set their own favorite password. Applicable batteries: 3 * AA batteries (not included). Money Storage Method: ① Put the banknotes on the reel opening of the piggy bank, it will be automatically rolled in; ② There is a coin slot on the top to put coins to save money. Large Capacity: Size: 5.1 * 4.6 * 7.5 inch, product net weight: 1.5 lb. It can store 600 coins or 100 banknotes, greatly help improve children ’s financial awareness, and let your child develop the best habit of saving money. What You Get: Piggy Bank * 1,Screwdriver * 1, User Manual * 1, Gift Wrap * 1. 3 months free return, if you have any questions, please contact Qwifyu, we will resolve and reply within 24 hours.
Piggy Bank Rankings
Whenever you need a place to conveniently put your loose change, a piggy bank has long served as a classic solution for kids and adults alike. This container makes it easy to save up your money since you simply insert your money in the piggy bank’s slot. When you want to use the money or deposit it into a bank account, you just find the opening and get your cash.
Piggy banks come both in simple and high-tech forms so that you have many choices. These differ in factors such as design, usability, maintenance and suitability for users of different ages. Also, some are reusable while others need to be broken to access the money.
Traditional piggy banks may take the actual shape of an actual pig or another animal or object. Others look like round or square containers with fun graphics like princesses and unicorns. These types of piggy banks are especially popular for kids since they’re fun, simple and creative. Simple piggy banks targeting adults may instead resemble small square safes without any electronic components and may be transparent.
The most sophisticated piggy banks require batteries and offer additional functionality to count or protect your money. Some look like plastic jars with a special counting sensor on the lid where you insert the coins, and these have a small display that shows the current balance. More complex piggy banks look like small ATMs and may accept an electronic code to access the money inside. These often display the balance on a small screen and may even speak the balance when you deposit money or press a button.
When choosing a piggy bank, keep the user in mind. For example, a large electronic piggy bank will be easier for older children and adults than for small kids. Plus, simple piggy banks made of plastic or metal are a more durable choice for kids than those made of easily breakable materials. In addition, consider how easily the piggy bank opens since you might find unscrewing a lid or removing a stopper easier than remembering and entering a code.
- Any piggy bank will accept coins, but you’ll need to shop around if you also want to insert bills. Some models have a large slot that can take either coins or bills, while others have separate coin and bill slots. Although the jar-style banks usually just take coins, you can always unscrew the lid and put bills inside; however, any electronic sensor won’t detect the extra money to update the balance.
- To get started using your piggy bank, you could simply stash away extra coins from your everyday cash purchases. You could also look around the house to find spare change.
- If you want to help your child develop money management skills, you could offer them some starter change and encourage them to put away part of their allowance or special occasion money in the piggy bank. It also helps to encourage your child to save for some specific goal, whether that’s to buy a new bike or an upcoming video game. When your child reaches an appropriate age, you might get them a bank account where they can deposit their piggy bank funds occasionally.
- Keep in mind that non-tech piggy banks come with the downside of needing to physically count what’s inside to know the balance. While this may be inconvenient for adults, it can help children improve their math skills.
- Some manufacturers list the piggy bank’s capacity in terms of bills and coins.
If you have a larger budget, you might consider advanced electronic piggy banks with features such as a security alarm, automatic bill feeder and savings goal tracker. These models might have a fake debit card or fingerprint reader to let you more conveniently access money than by entering a code. They might also keep a record of who last opened the bank.
- Forgetting your electronic piggy bank’s code can be frustrating, but manufacturers usually put a simple reset button somewhere on the back or bottom. Pressing this with something sharp like a paper clip should reset the bank’s settings so you can choose a new code. The downside, however, is other information like the balance and savings goal gets lost as well.