Refasy Kids Electronic Piggy Bank ATM Cash Coin Bank with 4-Digit Password (Age 3–12)
Reviews
Product description
What this is for (and why kids actually use it)
This Refasy electronic piggy bank is built around one simple idea: make saving feel like a small “ATM” game. Kids drop coins into the top area and, for paper money, they use the slot that automatically rolls bills into the money chamber. The electronic-style lock adds structure too—no random access, and no “oops, I opened it” moments.
It’s not perfect for every household (more on that below), but as a kid-focused money box, it does a lot of the right things on paper: it’s designed to be opened only with a password, it supports both coins and paper money, and it’s made from ABS plastic meant to handle daily kid handling.
Key takeaways for buyers
If you’re considering a piggy bank for a child aged roughly 3 to 12, this one leans more “interactive toy” than a plain ceramic jar. The 4-digit password is the centerpiece: the safe only opens after you enter the code, a green light turns on, and then you use the knob to open the door. That setup can help you hand over responsibility without giving away access.
There’s also a practical upside for parents: it’s not only about saving coins in a container—it’s about a routine. Kids are more likely to use it when it feels like a mini ATM action rather than “drop and forget.”
One limitation to keep in mind: the paper money feature may be picky. The instructions say it doesn’t work well if bills are too old or too soft, and you’ll want to straighten bills to avoid jams.
What you’ll notice day to day
Using it is straightforward once you’re set up. Coins go in where the unit is designed for coin storage. For paper money, you insert the bill into the top slot and it automatically rolls into the internal compartment instead of sliding in. That “scrolling” motion is part of the fun—kids can see the money get processed.
A small pre-use step is mentioned for better rolling: before using the product, you can use a card to slide forward and backward on the banknote entrance. After that, keep bills straight when inserting.
For storage expectations, it’s rated to hold a lot of coins or a smaller number of paper bills. That matters if you want it to work for real saving, not just a few coins.
Key takeaways: security and materials
The password protection is the main safety angle. It uses a 4-digit code and a default password (“0000”) that you can change. The box is designed so no one can open the safe without that password.
For construction, it’s described as ABS plastic that’s non-toxic, odorless, and not meant to break easily. That’s a sensible choice for a kids’ money toy—less worry about minor bumps than with fragile materials.
Tech summary
- Type: electronic piggy bank / ATM-style coin & cash bank
- Material: ABS plastic
- Password protection: 4-digit password (default noted as “0000” and changeable)
- Battery required: 3 x 1.5V AA batteries (not included)
- Coin storage capacity: up to 600 coins
- Paper money capacity: up to 100 bills
- Paper money handling: automatic paper money scroll/roll feature
Who it suits best (and who should skip it)
This is a solid pick if you want a kids money bank that encourages saving with an interactive mechanism and password access. It’s especially aligned with families who like the idea of a “safe” feel without moving into complicated electronics.
Worth considering if your child enjoys hands-on toys and you want to reinforce good habits. The target age range given is 3–12, and it’s framed as a gift for birthdays and holidays.
You may want to skip it if your priority is frictionless cash insertion. The paper roll mechanism can be finicky with paper that’s too old or too soft, and you’ll need to straighten bills to avoid jamming. Also, because it requires batteries (not included), it’s one extra thing to sort out before the first use.
Mini FAQ
Does it open without the password?
No. The safe is designed to open only after entering the 4-digit password.
Can you change the password?
Yes. The instructions note a default password (“0000”) that you can change.
What happens if paper money jams?
The guidance suggests straightening the paper before rolling it, and it also notes the feature may not work with paper that’s too old or too soft.
Do I need batteries?
Yes. It requires 3 x 1.5V AA batteries, and they’re not included.
Is it only for coins?
No. It supports coins and also includes an automatic paper money scroll feature for bills inserted at the top slot.
When it makes sense
Buy the Refasy electronic piggy bank if you want a kids’ ATM-style money box that adds password security and an automatic paper money roll feature to make saving feel game-like. It’s best when you’re comfortable with a little setup (like inserting batteries and following the straightening/card guidance for bills).
Don’t buy it if you mainly expect to toss in wrinkled, old, or very soft paper money and have it always behave perfectly—this design can be selective with bill condition, and that can slow things down. If you’re aiming for simple, low-maintenance saving, you might be happier with a more basic money bank approach.