GoHenry was set up in 2012 by a group of parents who wanted to encourage children to understand more about money. Meanwhile, HyperJar is a prepaid card and budgeting app that enables you to organise money into different “jars” for different purposes, one of which can be your kids’ pocket money.
GoHenry's £20 pocket money bonus for new accounts
GoHenry is currently offering a £20 pocket money bonus when you open a new children's account, making it a strong sign-up incentive compared with any other provider. Use the code AFFFDR220 to get a £20 pocket money bonus when opening a new account.
GoHenry is a financial tool suitable for children aged between 6 and 18, while HyperJar Kids is aimed at children aged between 6 and 17.
GoHenry comes with a prepaid Visa debit card and your child can customise it by choosing from more than 45 different designs. HyperJar Kids comes with a prepaid Mastercard debit card that comes in standard colours of blue and yellow. There’s a card for kids aged 6 to 12 and another for teens, aged 13+. With the teen card, they can use their physical card for purchases, or pay with Google Pay or Apple Pay.
Kids and parents alike can manage their money through the GoHenry and HyperJar apps. GoHenry’s app is tailored to your kids’ age and parents also have a companion app to help them track their kids’ progress, set flexible boundaries and goals and get real-time spend notifications. With HyperJar, kids download the same version of the app as their parents, but with a few additional tweaks. Parents will still have full control of their kids’ spending, including being able to set limits.
Because both GoHenry and HyperJar Kids offer prepaid debit cards, there’s no overdraft available so you don’t need to worry about your kids getting into debt.
However, as both GoHenry and HyperJar are e-money products, your funds will not be protected by the Financial Services Compensation Scheme. Instead, your money will be held in segregated accounts governed by the e-money regulations of the Financial Conduct Authority (FCA), which means you should still get your money back if either company stopped trading.
GoHenry limits the number of accounts you can have per household to 4. With HyperJar, you can order as many cards for as many kids as you have living at home. Each prepaid card will be linked to one of your “jars”.
Both HyperJar and GoHenry also allow other family members (not just parents) to pay money into your child’s account. Relatives will need to create their own account with GoHenry to be able to do this, although it also lets relatives and friends send money to a child’s card via Giftlinks.
With HyperJar, if relatives have a HyperJar account themselves, they can create a Shared Jar and invite the child to join so they can transfer the funds. If they don’t have a HyperJar account, they will need to transfer money to the parent’s HyperJar account before it can be moved the child’s account.
ATM withdrawals are permitted up to £120 a day with GoHenry, but you cannot withdraw cash from an ATM with the HyperJar Kids card.
There are a number of similarities between the GoHenry and HyperJar apps but also some key differences. Both offer spending controls and card notifications for parents, and both let parents freeze a card if it is misplaced and unfreeze it again when found.
Both also include savings goals. GoHenry will calculate the amount your child should save based on the amount of pocket money they get and their end goal date (though you can amend this as required). With HyperJar, you can simply set up different money jars with different names and colours, plus targets for how much you want to save in each.
However, GoHenry’s app is a little more advanced as it also offers a “Money Missions” feature, with different levels of learning for different age groups. Through a combination of stories, videos and quizzes, your child will be able to learn more about managing their money from budgeting and planning to borrowing and credit.
Winner: Although it’s close, GoHenry’s app offers a wider range of features.
There’s no monthly fee to pay for HyperJar Kids, but with GoHenry, you’ll need to pay £3.99 a month (customers can take advantage of a 1-month free trial first). You can also upgrade to the Plus account that charges £5.99 a month or Max that charges £9.99 a month.
GoHenry also charges a card loading fee of 50p, although you’ll get 1 free load per month. There’s no loading fee with HyperJar Kids, but only because you can only transfer funds between jars. When moving money into an adult’s HyperJar account from a bank account, you have 10 free transfers per month (£1 fee applies after that).
Your first HyperJar Kids card will be free of charge, but replacements cost £4.99. Standard GoHenry cards are free, including replacements, but if you want to change the design, you’ll pay £4.99 for a customisable card or Eco Card.
In terms of using the card abroad, cash withdrawals are not permitted with HyperJar Kids, but there are no fees for card purchases. There are no fees for either cash withdrawals or purchases overseas with the GoHenry card.
Winner: HyperJar Kids because there are no monthly or loading fees to pay.
Round 4: Customer reviews
On reviews site Trustpilot, GoHenry scores 4.1 out of 5 from over 10,900 reviews. HyperJar scores 4.5 from around 2,800 reviews, but this is for the whole company, not just the kids’ account. We checked this in October 2025.
Customers said they like GoHenry’s financial education tools, but some reviews complained about delays with getting their money back when they closed the account.
HyperJar reviews said it’s easy to use, but there were some comments about accounts being closed without any notice.
Winner: HyperJar Kids, because it’s ahead on Trustpilot reviews.
Overall winner: Is GoHenry better than HyperJar Kids?
There’s a lot to like about both GoHenry and HyperJar Kids, which means this isn’t a straightforward decision. They are both great options if you’re looking for a way to help your child become more financially independent, while also maintaining an element of control over their spending.
However, we’d say GoHenry definitely beats HyperJar Kids in terms of offering a smarter app that will adapt and change according to your child’s age. It also lets your children withdraw money on their prepaid card, which you can’t do with HyperJar Kids.
That being said, GoHenry is relatively expensive compared to HyperJar Kids. This means if you’d prefer not to pay a monthly fee or if you’re not fussed about the extra features available on the GoHenry app, HyperJar Kids is likely to be the better option for you.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you. Most of the data in Finder's comparison tables is provided by Defaqto. In other cases, Finder has sourced data directly from providers.
Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time.
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Jason is a writer and editor. He worked as a senior subeditor for Finder for 5 years and in that time became familiar with a wide range of financial products and services. Before that, he worked for Australian Associated Press. He has a BA from Macquarie University in Australia. Jason loves to help other people find new ways to save money.
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