Need to update an app for work and it’s saying I have a balance.
OK, so see -> Check your Apple ID balance -> Check your Apple ID balance – Apple Support (UK)
Over $600 I know it was my child and I can’t afford to pay it now.
Your message is a bit confused / unclear.
What do you mean by that?
Is your Apple ID balance over $ 600?
Or has your child buy stuff over $ 600?
If you can’t afford to pay it now, don't buy anything.
See -> Request a refund for apps or content you've bought from Apple – Apple Support (UK)
If you have requested a refund, you must wait until Apple has approved. Then you will receive a message from Apple.
Refunds are not guaranteed. For more information, see the Terms & Conditions.
Is there any way to update the app?
If you want to make purchases or update apps, including free apps, you need to update your payment method or add a new one.
Or do you know if they allow you to make payments?
Yes, if you purchase a paid app, you have to pay.
If you have secured your iPhone with a passcode, then your child will not have access to your iPhone, right?
Check ⤵️
Manage App Store purchases, subscriptions, settings, and restrictions on iPhone
Manage App Store purchases, subscriptions, settings, and restrictions on iPhone – Apple Support (UK)
Prevent in-app purchases from the App Store
Prevent in-app purchases from the App Store – Apple Support (UK)
Require a password for App Store and iTunes purchases
Require a password for App Store and iTunes purchases - Apple Support
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