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Greenlight vs. Current: Which kids’ card is worth it?

Current teen banking is free, but Greenlight’s extra perks might make it worth the cost.

Greenlight costs $4.99 per month for its most basic plan, and Current’s teen account is free to open and maintain. If you want a free debit card for your teen, Current might win you over, but Greenlight’s savings rewards, granular parental controls, educational content and extra safety features can make it worth the cheddar.

Greenlight vs. Current: A quick comparison

Greenlight
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Current teen banking
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Finder score 4.6★★★★★ 4.8★★★★★
Fee $4.99 per month $0 per month
Age requirements Any age Any age
Bonus offer Get the first 30 days for free. After your one-month trial, plans start at just $5.99/month for the whole family. Includes up to five kids.
Card purchase fee $0 $0
ATM withdrawal $0 $0
ATM out of network fee $0 $0
Foreign ATM withdrawal fee $0 $3

How features compare

GreenlightCurrent teen banking
Free trialYes, 30-day free trialNo
Free reloadsYesYes
Custom spending limitsYesYes
Educational quizzes and gameYesNo
Chore assignment and allowance trackingYesYes
Design custom debit cardYesNo
Investing featuresYesNo
Credit building opportunitiesComing SoonNo
Savings rewardsYesNo
Cashback rewardsYesNo
$0 ATM withdrawalsYesYes
Free replacement debit cardNoNo

The similarities

Greenlight and Current are both mobile-only banking options. They’re also fintech companies, providing banking services through their partner banks.

Both Greenlight and Current have no specific age requirements, but Current is specifically designed with teens in mind. Current and Greenlight both offer chore and allowance tracking, tools for saving, customizable spending controls and free card reloads.

Which card is worth the cost?

Current is free to open and maintain and doesn’t have any paid membership plans. Parents are required to open a regular Current account to monitor and open the kids’ account, but it’s also free.

Greenlight costs at least $4.99 per month for Greenlight Core, giving you up to five debit cards per plan. If you want more safety features, the price can reach $9.98 for Greenlight Max or $14.98 per month for Greenlight Infinity. The higher-tier plans come with higher savings rewards, cash back, identity theft monitoring, priority customer support and family location sharing.

If you don’t mind paying a little extra, Greenlight’s additional perks could make it worth its cost. But if affordability is what you’re after, Current is the clear winner.

Which one’s safer?

Both Greenlight and Current’s accounts are covered under FDIC insurance up to the typical amount of $250,000. In the unlikely event of a bank failure, funds are protected up to that amount.

When it comes to overall safety features, Greenlight has more to offer, especially with Greenlight Infinity for $14.98 per month. You’ll get things like cell phone coverage for up to five phones, identity theft monitoring, family location sharing, SOS button with 911 dispatch and car crash detection.

Greenlight vs. Current: Which one is better?

Comparing features alone, Greenlight takes the win. You’ll get significantly more features than you would with Current, which includes financial games to teach your kid about money, an optional investing platform, granular spending controls, cash back and savings rewards. But if you just need a no-frills free teen banking option with chore and allowance tracking and strong parental controls, Current comes out on top.

Greenlight is best for:

  • Safety features
  • Cash back and savings rewards
  • Store- and category-level spending limits
  • Money games and education

Current is best for:

  • No monthly fee
  • Custom spending limits
  • Savings round-ups

Alternatives to Greenlight and Current

There are many other kids’ banking options to choose from.

  • Step. Just like Current, Step doesn’t have any monthly fees and is well-suited for teens and young adults. It’s a secured card that works like a debit card with credit-building opportunities, cashback rewards, savings rewards, educational features and more. However, Step doesn’t have chore or allowance tracking.
  • GoHenry. Greenlight and GoHenry are very similar in terms of pricing and features. GoHeny offers gamified educational content, investing, chore and allowance tracking, custom spending limits and more. But unlike Greenlight, GoHenry only offers one debit card per plan and is only available to kids between six and 18 years old.
  • BusyKid. A top contender, BusyKid costs $4 per month and offers an investing platform at no extra cost. You’ll also get chore and allowance features, savings and allows kids to donate to charity. However, there are no educational games or courses.

See how even more cards stack up:

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To make sure you get accurate and helpful information, this guide has been edited by Alexa Serrano Cruz as part of our fact-checking process.
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Written by

Editor, Banking

Bethany Hickey is the banking editor and personal finance expert 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, GOBankingRates, SuperMoney, 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. See full bio

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Bethany has written 398 Finder guides across topics including:
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