For rewarding your child, giving them their allowance, and letting them make a purchase, you can use Apple Cash Family. This feature arrived with iOS 14 as a way for parents to digitally send money to their children and teens.
This is convenient for families who don’t walk around with wads of cash, whose kids use their money for apps or games, or spend money in stores; all with their parent’s permission of course. Here, we’ll show you the requirements for using and how to set up Apple Cash Family.

Apple Cash Family requirements
The first and biggest requirement is that you must be usingFamily Sharing. Remember, with a Family Sharing group you can share your Apple subscriptions,personal hotspots, and apps that other family members purchase.
In addition to your Family Sharing, here are the other requirements for Apple Cash Family:

It might look like a lot of requirements, but if you already use Family Sharing then you likely have most of this, if not all, in place already.
Set up Apple Cash Family
You can set up Apple Cash Family from your Wallet or Settings. Once you get started, the steps are the same in each spot.
In the Wallet app: You may see a notice right at the top for the feature, tapStart Now. Alternatively, selectApple Cashin your Wallet and tapSet Up NowunderApple Cash Family.

In the Settings app: Tap yourprofileat the top and selectFamily Sharing. Scroll down and chooseApple Cashand tapSet Up Apple Cash.
Then follow these steps with the screen prompts:
1)Select thechild’s nameand selectSet Up Apple Cash.
2)Follow the prompts toContinueand select theApple Cash Recipientsyou want to allow for your child. You can pick Everyone, Contacts Only, or Family Members Only.
3)Read andAgreeto the Terms and Conditions and tapDone.

Once you set up Apple Cash Family, the rest is a breeze. Send your child their weekly allowance or your teen money for that new game they want.
As the family organizer, you can view and manage your child’s Apple Cash account:
If you are a parent or guardian who isnotthe family organizer, you may do all of the aboveexceptlock the child’s account. For more on managing your child’s Apple Cash account once set up, visit theApple Support pagefor the feature.
Wrapping it up
If you’re a digital family and do things like share Apple subscriptions and apps anduse chore appsand ashared calendar, then Apple Cash Family might be ideal. Are you going to set it up for your family? Let us know!