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BusyKid vs Greenlight

BusyKid is a low-cost intro to basic money management. How does it compare to Greenlight? Read our comparison chart below.

 BusyKidGreenlight
 Visit SiteVisit Site
 

BusyKid

Greenlight

SPECIAL OFFER
BusyKid Prepaid Card for Kids - Learn More

Read BusyKid Review

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

 

Benefits and Features

SavingsParents can add interest or matching on kids savings1% APY (2% APY for Greenlight Max families) on an average daily savings balance of up to $5,000 per family
CheckingUp to 5 BusyKid Spend Cards per familyDebit card up to 5 kids. Greenlight Max plan also earns 1% cashback on purchases
Minimum Deposit to Open
$0
$1
Mobile App
iOS & Android
iOS & Android
ATMs55,000+ Allpoint ATMs; $1.50 withdrawal fee, plus ATM owners may also charge a fee.Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.
Monthly Fee
$3.99 per month (or $38.99/yr)
Greenlight: $4.99 per month
Greenlight + Invest: $7.98 per month
Greenlight Max: $9.98 per month
 

CreditDonkey® Reviews

 BusyKidGreenlight
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
CheckingStarStarStarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
PriceStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarEmpty StarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty StarStarStarStarStarStar
Pros & ConsPros:
  • Solid chores and allowance functions
  • Save, invest, and donate money
  • Great value for large families
Cons:
  • Limited spending controls
  • No educational content
  • $0.50 declined transaction fee
Pros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • High fees
  • Can't deposit physical cash
  • Difficult to close account
Bottom LineLow-cost intro to basic money management... Read full reviewSolid financial literacy app for kids but on the pricey side... Read full review
 Visit SiteVisit Site

BusyKid Prepaid Card for Kids

BusyKid: Pricing information from published website as of 05/01/2022

BusyKid Prepaid Card for Kids

BusyKid Prepaid Card for Kids

For $3.99/month, your family will gain access to entire app including charities, chores and up to 5 BusyKid Visa® Prepaid Spend Cards (one card per child).

Greenlight

All Ages - Banking and Invest in One App

  • Flexible controls, spending notifications, in-app chore list
  • Age: No minimum age
  • Fees: Starts at $4.99/month, per family (up to 5 kids). $7.98/month for Greenlight + Invest
Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.

Which is Better: BusyKid or Greenlight?

Still need help deciding which save money is better? Read the in-depth reviews below. You may also be interested in comparing BusyKid or Capital One Shopping.

In short: BusyKid's price and customer service are noteworthy. Greenlight's savings and education are noteworthy. In particular, the education is impressive.


Articles on BusyKid

BusyKid Review

BusyKid lets your child earn, save, and invest their allowance. But is it safe? Find out if the app is worth the cost.

Articles on Greenlight

How to Delete Your Greenlight Account

Don't want a Greenlight account anymore? Here's how to delete your Greenlight account and get your money back.

How to Transfer Money from Greenlight Card

Want to transfer money from your Greenlight card? Find out how to withdraw your funds and send them back to your bank, step by step.

How to Add Money to Greenlight Card

There are lots of ways to fund your Greenlight account. Find out how to add, transfer, and gift money to your child.

How Much Does Greenlight Cost

Is a Greenlight debit card for kids worth the cost? Learn more about Greenlight's plans, fees, and common complaints.

Is Greenlight Safe

Greenlight offers a financial app and debit card with no hidden fees. But is it safe for kids? Learn more about Greenlight's security features below.

Greenlight Alternatives

Check out the top alternatives to Greenlight Debit Card for Kids to help you save money and enjoy similar features as Greenlight.

Greenlight Review

Looking to teach your kids or tweens how banks and debit cards really work? Greenlight may be for you. Learn the pros, cons, fees, and more in this review.

Which Do You Think is Best?





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