Patent attributes
The invention is directed to an electronic toy bank. The electronic toy bank may be utilized by a child to learn how to manage funds corresponding to an external account and may also be associated with a payment device operated by a child. The child may utilize a transfer device to communicate information to the electronic toy bank, where the information can indicate an amount to be transferred from a first external account to a second external account associated with the child. Upon authorization of the transfer, the electronic toy bank may send instructions to a remote server computer to update information associated with the first external account and the second external account according to the amount. The electronic toy bank can update information displayed on its display screen to reflect a balance associated with an external account, allowing the child to easily see their current savings.