gohenry

gohenry review

Children love having their own payment card. With gohenry you can give them one but still keep all the control you need.

4.1 ★★★★★ (188 reviews) Write a review
Finder award badge
81% of gohenry customers in our survey would recommend the brand to a friend
You only get one free card load within the monthly subscription fee

Set up by a group of parents who wanted to help children learn about money, gohenry gives financial independence to kids and full oversight to parents. We look at how it works, its features and if it’s worth the fee.

Promoted
gohenry

Exclusive offer: FREE custom card (usually £4.99)
Finder Award

  • Join 2 million happy customers.
  • A debit card for young people aged 6 to 18.
  • No obligation. No upfront payment.
  • Choose where your kids can spend.

What is gohenry?

gohenry is a financial tool for children aged 6 to 18 (as well as for their parents). It consists of:
  • A parent account. Parents can access it through an app, use it to top up the child’s account and to apply parental controls on their children’s spending habits.
  • A child account. Children can see their balance and the spending limits parents have established for them in the app.
  • A Visa prepaid card. The card can be used by children to make purchases in shops and online, as well as withdraw cash from ATMs.

gohenry was founded in 2012, by a group of parents “who wanted to help young people learn about money safely”. gohenry has been featured on our best debit cards for kids page.

How does gohenry work?

Picture not described
Most high street banks offer some kind of children’s bank account, but the main difference between their products and gohenry is in the depth of parental controls. With gohenry, this includes:

  • Instant notifications. Every time your child uses the card, you get a notification on your own app.
  • Custom cards. gohenry offers a special custom card where you can get the name of your child on the front of the card, for example, goben or gosarah.
  • Spending limits. You can decide that your kid isn’t allowed to spend more than £10 a week and the card won’t work beyond that.
  • Rewards in return for completed tasks. You can set up the app so that money is paid into the child’s account only if they have cleaned their rooms, done their homework or walked the dog.
  • Control over where the card is used. You can block both the online purchases and the ATM withdrawals.
  • Transactions from age-restricted stores are automatically blocked. gohenry won’t allow the card to be used at betting shops, pubs, off licences, pornography websites and so on. However, don’t forget that alcohol, for example, can be bought at regular grocery stores and gohenry won’t be able to automatically block age-related transactions from shops that also sell other kinds of products.

That’s the oversight stuff that parents will love. Here’s what’s in it for the children:

  • Financial independence. They’ll have a “real” spending account, just like mum and dad!
  • Personalised cards. The standard card is included in the monthly fee, but for £4.99 your child gets to choose from a set of colours and designs.
  • Learning experience. Children will learn budgeting from a young age, so they’ll be more likely to turn into financially responsible adults (that’s the theory).

What does the gohenry app look like?

GoHenry app
GoHenry app
GoHenry app

How much does gohenry cost?

After a one-month free trial, gohenry costs £2.99 a month for each child. Certainly not the cheapest option, but it does include free payments and ATM withdrawals in the UK and abroad, plus one free load from the parent account to the child account each month (after that it’s 50p per load). And there are educational resources for kids to use to learn about managing their money, including the new “Money Missions” feature, which is an interactive tool featuring videos, quizzes and guides on financial skills.

gohenry customer reviews

In our independent 2022 Customer Satisfaction Awards, gohenry won the kids’ card category with 4.5 out of 5 stars and 81% of its users saying they would recommend the service.

The gohenry app has a rating of 4.6 out of 5 from over 26,400 reviews on the App Store. On Google Play, gohenry has a score of 3.9 from around 22,100 Android app users (August 2022).

On Trustpilot, gohenry received an average mark of 4.2 out of 5, and a rating of Great, from over 6,800 reviews. Users praised the customised kid’s card, app functionality and ability to teach children good money habits, although there was some criticism of gohenry’s fees.

Is gohenry safe?

gohenry isn’t a bank, so deposits aren’t protected by the Financial Services Compensation Scheme (FSCS). However, gohenry cards are issued by IDT Financial Services, which is regulated by the Financial Conduct Authority (FCA) and its funds are held in NatWest segregated accounts, which means that even if something goes wrong with gohenry, your money can’t be touched.

The card is protected by a PIN and can be instantly blocked through the app if it gets lost or stolen.

gohenry’s fees and features

gohenry
gohenry
Monthly fee£2.99
Card delivery feeFree
Card transaction feeFree
Cash withdrawal feeFree
Loading fee50p (one top-up free per month)
Replacement card fee£4.99
NetworkVISA
Account typedebit

The gohenry junior ISA

gohenry launched a new junior ISA in 2022. Parents can open one for their children with as little as £1 and deposit up to £9,000 per year through monthly contributions or one-off payments, without paying any tax on the interest or investment returns up to the annual limit.

This junior ISA must be opened before a child turns 16. It is then managed through the parent’s account as part of their regular gohenry membership, and the ISA money is locked away until the child turns 18.

The junior ISA that gohenry offers is a stocks and shares ISA (rather than a cash ISA), which means that the money is invested in stocks, shares, bonds and other assets. As the value of this investment can go down as well as up, bear in mind that your capital is at risk.

gohenry junior ISA investments are managed by Vanguard, which means that unlike with general gohenry spending accounts, ISA funds are FSCS protected up to the value of £85,000.

Pros and cons of gohenry

Pros

  • Full parental control thanks to instant notifications and spending limits
  • One-month free trial
  • It can be used by children as young as six
  • Rewards system for completed tasks
  • Children learn about personal finance in a controlled environment
  • Relatives can also send money to the child’s account
  • You can manage up to four child accounts from the same parent account
  • Option to open a junior ISA

Cons

  • Monthly fee that’s higher than some
  • Only one free top-up to the child account a month
  • Funds in gohenry accounts are not FSCS protected
  • You cannot load physical cash onto the account
  • It doesn’t pay any interest

The bottom line

When it comes to deciding whether gohenry is the right solution for your family, there are two main factors to take into account: price and parental control.

First of all, gohenry is relatively expensive: there are similar apps, that come for a smaller monthly fee, while most children’s bank accounts are free. Only one top-up to the child account a month is free, which is kind of annoying because, let’s face it, everyone expects pocket money to be paid weekly. So you need to think carefully about whether gohenry is what you and your children actually need. However, gohenry allows free ATM withdrawals in the UK and abroad, which isn’t to be taken for granted.

Secondly, the parental control features are really thorough and if you turn off the cash withdrawals, your children won’t be able to spend a penny without you knowing what it was for. Which is amazing if you want to initiate your six-year-old in personal finance in a super-safe environment. On the other hand, your children will probably grow out of gohenry well before they turn 18 and expect you to grant them some actual independence and privacy, for which a regular children’s bank account is probably more suitable.

Get started by visiting gohenry's website and ordering a card. If you have read this review and decided that gohenry’s card is not for you, you can also discover other prepaid cards for kids on the market.

Frequently asked questions

Kids' cards ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our customer satisfaction scores ("Customers say") are based on a survey of 526 customers carried out in December 2021.

Learn the details of our methodology and scoring.

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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site