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goHenry vs Ally Bank

goHenry is a good banking app with fun educational content. How does it compare to Ally Bank? Read our comparison chart below.

goHenry is a financial learning app for ages 6-18. It lets kids spend with a debit card, set savings goals, get paid for chores, and more. The app evolves with kids to suit their needs at different ages. Plans start from $4.99/mo per child.

While Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.

Compare goHenry with Ally Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 goHenry
 Visit SiteLearn More
 

goHenry

Ally Bank

SPECIAL OFFER
GoHenry Kids' Debit Card - Learn More

Read goHenry Review

SPECIAL OFFER
Online Savings Account - 4.20% APY - Learn More

Read Ally Bank Review

 

Benefits and Features

SavingsCreate savings goals; No APY (parent-paid interest only)
4.20% APY
CD 3.00% to 4.85% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50%
CheckingDebit card up to 4 kids (Family Plan); 1 debit card (Individual Child)0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000
Monthly FeeIndividual Child - $4.99 per month
Family Plan - $9.98 per month
 
Kids Debit Card
Check
 
Money Market 
4.20% APY
Minimum Deposit to Open
$5
 
Mobile App
iOS & Android
iOS & Android
ATMsNo fee for either domestic (US) or international ATM use. ATM owners may charge a fee.
43,000+ no-fee Allpoint ATMs
Customer Service 
24/7
Locations 
Online only
 

CreditDonkey® Reviews

 goHenry
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
PriceStarStarHalf StarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Customer ServiceStarStarStarHalf StarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
Money MarketStarStarStarStarEmpty Star
Pros & ConsPros:
  • App evolves with your child
  • Flexible parental controls
  • Game-like educational tools
Cons:
  • Accounts don't earn interest
  • Can't cancel through the app
Pros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Bottom LineGood banking app with fun educational content... Read full reviewSolid online bank with a great user-friendly website and customer service... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

goHenry: Pricing information from published website as of 03/01/2024.

Ally Bank: Pricing information from published website as of 05/14/2024.

GoHenry Kids' Debit Card

GoHenry Kids' Debit Card

  • Real-time spend notifications.
  • Block and unblock cards easily.
  • Teach financial independence safely.
GoHenry card is issued by Community Federal Savings Bank, member FDIC
GoHenry Debit Card and Education App for Kids

GoHenry Debit Card and Education App for Kids

  • Spend, save, and learn all in one app
  • Chores and allowance tools
  • In-app money lessons for the real world
  • Evolves with kids as they grow
  • $4.99/mo per child
GoHenry card is issued by Community Federal Savings Bank, member FDIC
GoHenry Debit Card for Kids 6-18

GoHenry Debit Card for Kids 6-18

  • Over 2 million members
  • Customize chores and allowance
  • Full parental controls - monitor transactions, set spending limits, block unsafe merchants
  • Teach kids financial responsibility safely
  • 30 days free; then $4.99/mo per child
GoHenry card is issued by Community Federal Savings Bank, member FDIC

Which is Better: goHenry or Ally Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing goHenry or Chase.

In short: Ally Bank's savings, mobile app, and customer service are worth mentioning. In particular, the mobile app and customer service are outstanding.


Articles on goHenry

GoHenry

GoHenry offers kids a debit card and fun money lessons. But is it worth the monthly fee? Find out the pros, cons, and whether it's safe for your child.

GoHenry vs Greenlight

GoHenry vs Greenlight: Which is the best debit card for kids? Find out the pros, cons, and differences between GoHenry and Greenlight.

How Much Does GoHenry Cost

Is GoHenry worth the monthly fee? Find out if GoHenry is a good debit card for kids. Plus, check out the best free GoHenry alternatives.

Is GoHenry Legit

GoHenry offers financial education in a banking app and debit card for children. But is it safe and secure?

Articles on Ally Bank

Ally Bank Review

Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.

Ally Bank Locations

Ally is an excellent online bank with no physical locations. So, how can you access your funds? Read on to find out.

Ally High Yield Savings

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Money Market vs Savings

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Which Do You Think is Best?





Which Bank Account is Right for You?


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