Nearly two-thirds (63 per cent) of eight to 15-year-olds are completing chores in exchange for financial gain.
Halifax's Pocket Money survey discovered youngsters are keen to raise the cash to buy items they want, while 17 per cent get paid to complete their homework.
Some 40 per cent tidy their bedroom in exchange for cash, which makes it the most popular domestic job, followed by washing up (25 per cent) and cleaning (21 per cent).
Head of Halifax Savings Richard Fearon said: "In finding ways to earn, spend and save their own money, children are able to understand the value of money more easily. They can learn how to be responsible for managing their money."
Across the UK, children in Wales (71 per cent) were found to be the most likely to carry out chores to get cash, while those in the north-west (57 per cent) did the least.
In terms of who they want to get their advice from, 59 per cent of children feel their mums and dads should instruct them.