{"id":467112,"date":"2022-10-31T15:06:01","date_gmt":"2022-10-31T15:06:01","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=467112"},"modified":"2026-01-28T12:59:48","modified_gmt":"2026-01-28T12:59:48","slug":"gohenry-vs-hyperjar-kids","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/banking\/childrens-banking\/gohenry-vs-hyperjar-kids","title":{"rendered":"GoHenry vs HyperJar Kids (with a \u00a320 pocket money bonus!)"},"content":{"rendered":"

GoHenry<\/a> was set up in 2012 by a group of parents who wanted to encourage children to understand more about money. Meanwhile, HyperJar<\/a> is a prepaid card and budgeting app that enables you to organise money into different \u201cjars\u201d for different purposes, one of which can be your kids\u2019 pocket money. <\/p>

GoHenry's \u00a320 pocket money bonus for new accounts<\/h3>\nGoHenry is currently offering a \u00a320 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<\/strong> to get a \u00a320 pocket money bonus when opening a new account. \n
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\nClaim offer<\/a>

Vital statistics<\/h3>
\n \n
Provider<\/th><\/td><\/td><\/tr>
Finder score<\/th>9.4<\/span><\/span>Excellent<\/span><\/span><\/td>7.5<\/span><\/span>Great<\/span><\/span><\/td><\/tr>
Customer satisfaction survey<\/th>4.1 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td>
Not yet rated<\/td><\/tr>
Age range<\/th>6-18<\/td>6-17<\/td><\/tr>
App for parents<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
App for kids<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Network<\/th>VISA<\/td>Mastercard<\/td><\/tr>
FSCS protected<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Find out more<\/th>
Go to site<\/a>
Read review<\/a><\/div><\/td>
Go to site<\/a>
Read review<\/a><\/div><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

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. <\/p>

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\u2019s 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.<\/p>

Kids and parents alike can manage their money through the GoHenry and HyperJar apps. GoHenry\u2019s app is tailored to your kids\u2019 age and parents also have a companion app to help them track their kids\u2019 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\u2019 spending, including being able to set limits. <\/p>

Because both GoHenry and HyperJar Kids offer prepaid debit cards, there\u2019s no overdraft available so you don\u2019t need to worry about your kids getting into debt. <\/p>

However, as both GoHenry and HyperJar are e-money products, your funds will not be protected by the Financial Services Compensation Scheme<\/a>. 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.<\/p>

Round 1: Account features<\/h3>
\n \n
Provider<\/th><\/td><\/td><\/tr>
How many child accounts<\/th>4<\/span><\/td>No limit<\/span><\/td><\/tr>
Can non-parents gift money to child's account<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Customised card available<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Maximum daily ATM withdrawal limit<\/th>\u00a3120<\/td>ATM withdrawals not permitted<\/td><\/tr>
Make regular pocket money payments<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Web portal (desktop access)<\/th><\/use><\/svg><\/td><\/use><\/svg><\/td><\/tr>
Find out more<\/th>
Go to site<\/a>
Read review<\/a><\/div><\/td>
Go to site<\/a>
Read review<\/a><\/div><\/td><\/tr>\n <\/tbody>\n <\/table><\/div>

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 \u201cjars\u201d. <\/p>

Both HyperJar and GoHenry also allow other family members (not just parents) to pay money into your child\u2019s 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\u2019s card via Giftlinks. <\/p>

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\u2019t have a HyperJar account, they will need to transfer money to the parent\u2019s HyperJar account before it can be moved the child\u2019s account. <\/p>

ATM withdrawals are permitted up to \u00a3120 a day with GoHenry, but you cannot withdraw cash from an ATM with the HyperJar Kids card. <\/p>