It depends on whether you use Gimi with a linked bank account or a demo account.
Linked bank account: Yes, real money
If a parent has linked their child’s bank account to Gimi, the actual balance of the bank account will be shown in the app. Any deposits made through the app will be transferred as real money to the linked bank account.
However, Gimi is not a bank and does not hold your child’s money. The money remains in the linked bank account.
See which banks support bank linking here.
Demo account: No, not real money
The demo account is a fictional account that helps you keep track of your child’s weekly or monthly allowance. For example, when your child buys something, the parent can pay for the purchase and then deduct the corresponding amount from the demo account using the minus button. When the parent wants to add money to the demo account, they can use the plus button. The child can also manage their balance themselves in their app.
No real money is transferred, deposited, or withdrawn when using the demo account. The demo account is simply a way to practise managing money in Gimi – until the child is ready to get their own bank account!