# Family wallets — Academium SMS

[View the HTML page](https://academium.com.ng/sms/features/family-wallets/)

> One balance per parent that pays fees, transport and hostel charges for the children linked to them.

Family wallets

## Siblings share more than a surname.

One parent’s balance can cover the children linked to their family, from school fees to bus fares and boarding.

[Download to get started](https://academium.com.ng/downloads?product=sms) [All SMS features](https://academium.com.ng/sms/features)

A fictional family wallet paying school, transport and hostel fees for three children.

Funding the wallet

## Funds ready when fees are due.

Record a top-up with its amount, payment method and the account it was received into.

-   **Posted to your accounts.** A top-up is held for the family, not counted as income until fees are paid from it.
    

A fictional top-up recorded against a parent.

Paying from the wallet

## School fees. Bus fares. Boarding.

Choose the family wallet as the payment method when collecting fees.

-   **The whole family, in one view.** Linked children’s bills come together, while each payment still belongs to the right child and the right fee.
    
-   **Checked against the balance.** The wallet balance is shown beside the payment, and SMS refuses a payment larger than the wallet holds.
    

Choosing the family wallet when collecting a fictional payment.

Wallet dashboard

## How much families are holding with you.

The wallet dashboard shows how many families have a wallet, the total balance held, top-ups and payments overall and this month, monthly trends and the families holding the most. A list of parents shows each family’s balance, with a top-up a click away.

-   **On the main dashboard too.** A Family Wallet panel shows the credit families hold before it is applied to an invoice.
    

Fictional figures and the families holding the most.

Transaction history

## Every movement leaves a record.

Top-ups, payments and the balance after each movement stay in the family’s history.

-   **Open any transaction.** See the detail behind each top-up or payment.
    

Fictional movements, each with the balance it leaves.

FAQs

## Family wallets questions

How family wallets work.

[Still have a question?](https://academium.com.ng/main/page-contact)

### Is a top-up counted as income?

No. A top-up is money held for the family. Fees paid from the wallet are what count as income.

### Which children can a wallet pay for?

The children linked to that parent’s record.

## Give families one balance in Academium SMS.

Download Academium SMS and set up your school, try a demo, or start in free mode.

[Download to get started](https://academium.com.ng/downloads?product=sms) [Explore other features](https://academium.com.ng/sms/features)