{"id":545266,"date":"2025-03-12T09:43:59","date_gmt":"2025-03-12T09:43:59","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=545266"},"modified":"2025-12-23T11:33:13","modified_gmt":"2025-12-23T11:33:13","slug":"monzo-under-16s-vs-go-henry","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/banking\/childrens-banking\/monzo-under-16s-vs-go-henry","title":{"rendered":"Monzo for Under 16s vs GoHenry (with a \u00a320 pocket money bonus!)"},"content":{"rendered":"Monzo for Under 16s is a newcomer to the children\u2019s finance space. We see how it compares with GoHenry, a veteran of 13 years.

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
\n
\nClaim offer<\/a>

Vital statistics<\/h3>
\n \n
Provider<\/th><\/td><\/td><\/tr>
Finder score<\/th>9.3<\/span><\/span>Excellent<\/span><\/span><\/td>9.4<\/span><\/span>Excellent<\/span><\/span><\/td><\/tr>
Customer satisfaction survey<\/th>Not yet rated<\/td>4.1 <\/span>
\u2605\u2605\u2605\u2605\u2605<\/div><\/td><\/tr>
Age range<\/th>6-15<\/td>6-18<\/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>Mastercard<\/td>VISA<\/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 has more than a decade of experience over Monzo when it comes to children\u2019s accounts. Since its launch in 2012 as a prepaid card and app to help children learn about money, it has grown and become popular among kids and parents alike.<\/p>

Monzo finally launched its Monzo for Under 16s account in 2025 and hopes to entice its following of loyal customers to try its option for kids.<\/p>

Monzo for Under 16s is, as the name suggests, for children aged 6\u201315. GoHenry is available for kids between 6 and 18.<\/p>

Both have an app for parents and a different version of the app for children, which is handy.<\/p>

As Monzo is a licensed bank, it offers FSCS protection<\/a> up to \u00a3120,000, but GoHenry doesn\u2019t.<\/p>

The other difference here is Monzo for Under 16s comes with a Mastercard, while GoHenry comes with a Visa. Though that\u2019s unlikely to be a distinction that will have much impact.<\/p>

Round 1: Account features<\/h3>
\n \n
Provider<\/th><\/td><\/td><\/tr>
How many child accounts<\/th>5<\/span><\/td>4<\/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>\u00a3100<\/td>\u00a3120<\/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>

Monzo allows up to 5 accounts, while GoHenry\u2019s limit is 4. If you have more kids and want to open an account for all of them, you\u2019ll have to look elsewhere.<\/p>

Something that both of these offer is a choice of card. Monzo\u2019s comes in yellow, blue or pink, while GoHenry\u2019s can come in over 45 customisable designs, for a fee. If you choose a non-customised version it\u2019s free.<\/p>

GoHenry accounts come with their own account number and sort code, while to pay into a Monzo for Under 16s account it has to go through the parent account or a dedicated payment link, which is useful for gifts.<\/p>

Monzo\u2019s daily ATM limit is \u00a3100, while GoHenry\u2019s is \u00a3120. With both you can lower the limit if you need to.<\/p>

If you\u2019re happy just using an app then Monzo will be fine, but if you think you want to access your account on a browser as well then you can do that with GoHenry.<\/p>