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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.

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Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

$20 Investment Bonus - Learn More

Read Acorns Review


Benefits and Features

Savings1% savings reward (2% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family
Stock Trading Part of service fee. No add-on trading fees.
Options Trading 
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
    CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
    Mutual Fund Trading 
    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

    CreditDonkey® Reviews

    SavingsStarStarStarStarHalf Star
    Minimum DepositStarStarStarStarStarStarStarStarStarStar
    CheckingStarStarStarHalf StarEmpty Star
    PriceStarStarStarEmpty StarEmpty Star
    Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
    Customer ServiceStarStarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
    Ease of UseStarStarStarStarStarStarStarStarStarStar
    Annual FeeStarStarStarEmpty StarEmpty Star
    Pros & ConsPros:
    • 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
    • Can't deposit physical cash
    • Difficult to close account
    • No minimum to open account
    • Invest with spare change
    • Cash-back program
    • Fees are high for small balances
    • No tax benefits
    • Limited investment options
    Bottom LineSolid financial literacy app and debit card for kids... Read full reviewInvestment app that automatically invests your spare change. Good for young investors to get into the habit... Read full review
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    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.


    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). $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

    • 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

    • 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

    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 Alternatives

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

    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.

    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.


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