Greenlight vs. Current: Which is better for your teen?

Greenlight and Current are both designed to help kids save. Greenlight offers a savings reward of up to 2% per year — on its dime — to help jumpstart your child’s savings goals. Current takes a slightly different approach by rounding up your kid’s purchases and depositing the difference into your child’s savings goals. Another feature that sets these two platforms apart is the ability to add cash. While this feature is unavailable for Greenlight accounts, Current lets you add cash at over 60,000 stores nationwide.

Our Verdict

Greenlight and Current aim to help teens earn and save money through direct deposit and savings incentives, making them both top choices for a kids debit card. While Greenlight uses a savings reward and a cashback incentive, Current uses automated savings to move money to your savings goal every time your teen swipes their debit card. Greenlight is a better option overall for its bountiful features, including balance tracking and zero foreign transaction fees. It’s also more cost effective for multiple children — $4.99 per month for up to five kids compared to Current’s $36 per year or $3 per month for each teen. But if you’re looking for a cash friendly platform, Current may be a better option.