Mydoh Smart Cash Card
- Prepaid Visa card
- Free 1 month trial
- Add up to 5 kids
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GoHenry is the kids money management app of choice for many parents in the US and UK. Find out if you can use GoHenry in Canada, and check out GoHenry Canada alternatives.
GoHenry is a debit card and spending app that teaches kids financial literacy using expert-designed games and quizzes. Kids follow videos, interactive lessons and quizzes to complete Money Missions and earn experience points and badges. Content is created by financial professionals and teachers following US educational guidelines.
The GoHenry debit card can be used to pay for purchases. Parents can transfer funds onto the card and control where and how much kids spend. It costs $4.99 USD per month for 1 user or $9.98 USD per month for up to 4 kids.
Looking for an alternative to the GoHenry card in Canada? Check out the following money management apps and accounts for kids.
|Foreign Transaction Fee||2.5%|
|Minimum Age Teen Account||4|
|# Included Account||5|
|Rewards||1-month free trial + $15|
|Foreign Transaction Fee||2.5%|
|Min. Age Teen Account||13|
|Transaction Fee||Free and unlimited, including e-transfers|
|Interac e-Transfer Fee||N/A|
|Transaction Fee||25/month, then $1.25 per transaction|
|Interac e-Transfer Fee||N/A|
|Min. Age Teen Account||12|
|Transaction Fee||free and unlimited|
|Interac e-Transfer Fee||free and unlimited|
GoHenry offers a 1-month free trial, after which a charge applies based on how many kids are on the account. Here’s its pricing:
|Plan||Monthly cost||Number of kids|
GoHenry features a suite of money management tools designed for kids and teens, but its gamified financial learning is the tool that deserves the spotlight.
Every kids’ debit card includes some kind of financial blog or learning content, but GoHenry stands our for its beautifully designed lessons in the form of videos, quizzes and bite-sized articles. Each lesson caters to your child’s age from 6 to 14 years old, with more teen content in the works.
Kids set out to complete each video or quiz “mission,” earning points and badges as they move through the game’s levels. The missions aren’t just created by marketers — they’re designed by financial experts and teachers to follow US K–12 Personal Finance Education National Standards.
Typically, kids’ banking platforms turn out articles without using many visuals. And while some competitors like Step cater to teens, few include lessons for younger kids the way GoHenry does.
Parents get automated allowance and chore-funding features offered by similar kids banking apps in the US. Kids get paid for chores weekly, giving them time to complete their list and get rewarded for the chores they finished.
Yet GoHenry dials in parental controls by giving the ability to set limits by the day, week and month. Then, parents can toggle on the limits for in-store or online purchases and ATM withdrawals. It’s one of the only US kids’ banking apps that grants such tight parental controls, with Greenlight as its rival offering store- and category-level controls.
Plus, a second parent can be added to GoHenry accounts to get notifications and manage chore lists. Every kids’ app is different in this area. Some don’t allow you to add another parent, while others let you customize different controls for each parent.
This is one of the only kids’ cards that offers customizable designs. Kids can choose from over 45 card designs, letting them customize their name and favorite picture or pattern. Only Greenlight rivals this level of customizing.
In addition to its cards, the app doesn’t hold back on using bold colour, avatars, icons and progress bars for an eye-catching look. It keeps tools simplistic with bite-sized financial lessons and suggested goals for savings, helping kids use the app with ease.
GoHenry’s pricing structure is its biggest downfall. It starts out at $4.99 USD per month for one child, which is comparable to other US kids’ debit cards. But it costs $9.98 USD a month to move to the family plan, which includes cards for up to 4 kids. Other competitors grant 4 to 5 cards on their standard plans for around $5 USD a month.
Secondary parents added to an account can’t send money, a problem if their child needs money and the main parent can’t be reached.
Most customers have a 5-star experience with GoHenry based on app and user reviews. Happy customers like the wealth of features the app offers, and they’re thrilled to see their kids successfully learning about finances.
Yet multiple people have said that they deal with glitches like the app not paying allowance, especially with the Android app which may be contributing to the lower customer rating there.
A few customers mention the requirement of setting up a weekly automatic allowance. However, our staff verified with customer support that parents can set the allowance to $0 USD if they don’t want to use the automated allowance.
GoHenry customer service can be contacted by phone 7 days a week from 9:00 am to 5:00 pm (EST). Account holders can also reach GoHenry via email, letter mail or by reaching out to the company on Twitter, Facebook, Instagram or YouTube.
GoHenry takes care to spell out exactly how it protects personal information using secure servers and encryption for payments. While it doesn’t sell your information, GoHenry shares necessary details with business partners or service providers like analytics sites to offer and improve its features.
Kids’ funds are insured by the US Federal Deposit Insurance Corporation (FDIC) up to $250,000 USD through Community Federal Savings Bank.
Children can withdraw cash from any ATM, though they’ll pay $1.50 USD fee for domestic and international ATMs. They may also pay an ATM owner fee on top of GoHenry’s fee. However, kids can’t make a balance inquiry via an ATM.
For international transactions, GoHenry doesn’t charge a foreign transaction fee. The GoHenry card should be accepted anywhere Mastercard is accepted. But, as with most cards, the following countries are blocked from transactions:
Here’s how to set up, pay and manage a GoHenry account after receiving a card:
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