Greenlight vs Acorns

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Acorns? Read our comparison chart below.

Greenlight is a comprehensive banking app for kids of all ages. It includes a debit card, savings with APY, allowance for chores, financial literacy games, and even investing for kids. Plans range from $4.99 - $14.98 per month for up to 5 kids.

While Acorns is geared towards young investors who have trouble saving. This investment app automatically rounds up and invests your spare change whenever you make a purchase. The service fee starts at $3/month for accounts. There is no minimum to open.

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

	Visit Site	Visit Site
	Greenlight	Acorns
	SPECIAL OFFER Greenlight Debit Card for Kids - Learn More Read Greenlight Review	SPECIAL OFFER $20 Investment Bonus - Learn More Read Acorns Review
	Benefits and Features
Savings	1% savings reward (2% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family	No
Stock Trading		Part of service fee. No add-on trading fees.
Options Trading		No
Annual Fee	Greenlight Core: $4.99/month Greenlight Max: $9.98/month Greenlight Infinity: $14.98/month	Acorns Personal ($3/mo) - includes personal taxable account, IRA, and checking account Acorns Personal Plus ($5/mo) - includes everything in Personal, emergency fund, and 25% match on rewards Acorns Premium ($9/mo) - includes everything in Personal Plus, investment accounts for kids, 50% match on rewards, custom portfolio, Trust & Will, $10K Life Insurance, and free GoHenry account
Minimum Deposit	$1	$0
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases	Yes
Mutual Fund Trading		No
Kids Debit Card
Banking		Included in Acorns Personal ($3/mo). Free metal debit card, no minimum balance, no overdraft fees, and 55,000+ fee-free ATMs nationwide.
Mobile App	iOS & Android	Yes
	CreditDonkey® Reviews
Savings
Minimum Deposit
Checking
Price
Mobile App
Customer Service
Ease of Use
Education
Annual Fee
Pros & Cons	Pros: Free one-month trial, then start at $4.99/month for whole family Great parental controls Teaches money management for kids Excellent education and savings tools Cons: Can't deposit physical cash Difficult to close account	Pros: No minimum to open account Invest with spare change Cash-back program Cons: Fees are high for small balances No tax benefits Limited investment options
Bottom Line	Solid financial literacy app and debit card for kids... Read full review	Investment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
	Visit Site	Visit Site
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids	$20 Investment Bonus Try Acorns Today! Acorns Invest: Invest Spare Change
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns: Pricing information from published website as of 09/28/2020.

Greenlight Debit Card for Kids

Get Started

All Ages - Banking and Invest in One App

Get Started

• Flexible controls, spending notifications, in-app chore list
• Age: No minimum age
• Fees: Starts at $4.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.

Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.

Greenlight Banking and Educational App for Kids

Get Started

• Spend, save, invest, and learn all in one app
• Cashback & up to 5% savings rewards
• Investing platform just for kids
• Financial literacy games for the real world
• Starts from $4.99/mo (1-month free trial)

Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.

$20 Investment Bonus

Get $20 Investment Bonus

• Open an Acorns account (new users only)
• Set up the Recurring Investments feature
• Have your first investment be made successfully via the Recurring Investments feature

Try Acorns Today!

Get Deal

Acorns Invest: Invest Spare Change

Automatically Save and Invest

Articles on 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.

• Greenlight vs goHenry
• Greenlight vs BusyKid
• Greenlight vs Chase First Banking

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 vs Copper
• Greenlight vs FamZoo
• Greenlight vs Step

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.

Articles on Acorns

Acorns App

Acorns automatically invests your spare change. But can it help make you money? Find out if this app is safe and legit.

• Acorns vs Stash
• Acorns vs Betterment
• Acorns vs Robinhood

Is Acorns Safe

Acorns lets you invest spare change from every purchase. But is it safe to use? Learn just how secure the micro-investing app is.

How to Make Money Using Acorns

Acorns "rounds up" everyday purchases and invests it for you. What's the catch? Read this review to find out how to make money using the app.

Comments

• Olivia Tabor from Texas
  on April 2019 said about Acorns:

  I have both Acorns and Robinhood and even though they each serve a different purpose I don't have the freedom of stock purchase that I really like. I believe Acorns diversifies for my needs more effectively.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. These responses are not provided or commissioned by bank advertisers. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Visitors may report inappropriate content by clicking the Contact Us link.

You Might Also Like

Stocks for Kids: Invest in Your Kid's Future

Teaching your kids about investing is easier with their own stocks. But which ones will grow with your child? Compare these top stocks for kids.

Best Debit Card for Teens

Is your teenager ready to have a debit card? Take a look at the pros, cons, and fees of the top 8 best debit cards for teens.

Best Free Debit Card for Kids and Teens

Are free debit cards for kids safe and legit? Compare the top 9 best free debit cards for teens and kids under 13.

How to Invest in Stocks as a Teenager

Investing isn't just for adults anymore. But how exactly do you go about investing when you're still in school? Find out in this detailed guide.

Best First Checking Account for Kids

Financial literacy doesn't happen overnight. Help your child develop good money habits with these starter checking accounts for kids.