It’s never too early to start teaching your kids good financial habits. Greenlight and GoHenry are two kids’ banking apps with a myriad of features, both offering kids their own debit card with chore and allowance features, companion apps with parental controls and much more.
Here’s how two of the best kids’ banking apps stack up against each other.
Greenlight Finder Rating: 4.6 / 5: ★★★★★
Fee
$4.99 per month
$4.99 per month
Age requirements
6 to 18 years old
Any age
Bonus offer
Get an extended 2-month free trial of the GoHenry kids' debit card and app when you sign up with Finder's exclusive code: AFUSS171.
Get the first 30 days for free. After your one-month trial, plans start at just $4.99/month for the whole family. Includes up to five kids.
Card purchase fee
$0
$0
ATM withdrawal
$1.50
$0
ATM out of network fee
$1.50
$0
Foreign ATM withdrawal fee
$2
$0
Our verdict: Greenlight wins
GoHenry and Greenlight are both among the best debit cards for kids, but Greenlight‘s wealth of features makes it the clear winner for most families.
Greenlight is better for bigger families
Greenlight is a no-brainer for families with multiple children because you can get up to five cards with any of its plans, costing between $4.99 and $14.98. In contrast, you’ll pay $4.99 for one child or $9.98 for a family of four kids with GoHenry. Greenlight also has no minimum age requirements for kids, whereas GoHenry requires kids to be at least six.
Greenlight is full of features
The basic Greenlight plan is full of perks, such as chore and allowance features, a financial literacy game, 1% savings rewards and investing. And If you upgrade to Greenlight Infinity for $14.98 per month, there are even more perks, such as identity theft protection, higher savings rewards, family location tracking and even car crash detection.
While GoHenry has many of the core features we expect to find with top kids’ banking apps, Greenlight simply goes above and beyond the perks it offers when compared to other competitors.
Greenlight has fewer fees
Both Greenlight and GoHenry have an unavoidable monthly fee, but Greenlight has fewer fees for parents to worry about on a daily basis. Greenlight doesn’t charge any ATM withdrawal fees, out-of-network fees or foreign ATM withdrawal fees.
While GoHenry has ATM access, there’s a $1.50 fee for both domestic and international ATMs.
Bottom line
There’s no doubt that GoHenry and Greenlight are two of the best kids’ banking apps in the market. But when it comes down to the details, Greenlight has more features and is cheaper for larger families.
GoHenry and Greenlight aren’t the only kids’ debit cards, though. For more options, compare the best debit cards for kids.
Bethany Hickey is a personal finance writer at Finder, specializing in banking, lending, insurance, and crypto.
Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt.
Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others.
Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine.
How likely would you be to recommend finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
