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Greenlight vs Axos Bank

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Axos Bank? 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 $5.99 - $14.98 per month for up to 5 kids.

While Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

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

 GreenlightAxos Bank
Member FDIC
 Visit SiteLearn More
 

Greenlight

Axos Bank

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

SPECIAL OFFER
Rewards Checking - Up to 3.30% APY - Learn More

Read Axos Bank Review

 

Benefits and Features

Savings2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)
CD 0.20% APY. Terms of 3 months to 5 years. $1,000 minimum
CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchasesRewards Checking: Up to 3.30% APY
Cashback Checking: Up to 1% cashback
Kids Debit Card
Check
 
Money Market 
0.25% APY
Mobile App
iOS & Android
iOS & Android
ATMsAny ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.approximately 91,000 partner ATMs
 

CreditDonkey® Reviews

 GreenlightAxos Bank
SavingsStarStarStarStarHalf StarStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty StarStarStarStarStarStar
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Customer ServiceStarStarEmpty StarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
CDStarStarStarEmpty StarEmpty Star
Money MarketStarStarStarStarHalf Star
ATMsStarStarStarStarHalf Star
LocationsStarStarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • Can't deposit physical cash
  • Difficult to close account
Pros:
  • Checking with rewards
  • No monthly fee
  • Domestic ATM rebates
Cons:
  • Low CD rates
  • No physical branches
Bottom LineSolid financial literacy app and debit card for kids... Read full reviewFull-service online bank with excellent cashback and interest checking... 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.

Axos Bank: Pricing information from published website as of 09/27/2024.

Greenlight

All Ages - Banking and Invest in One App

  • Flexible controls, spending notifications, in-app chore list
  • Age: No minimum age
  • Fees: Starts at $5.99/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 Debit Card for Kids

Greenlight Debit Card for Kids

  • Debit cards for up to 5 kids per family
  • No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
  • Earn cashback and up to 5% savings rewards
  • Customize chores and allowance
  • Set spending limits and block unsafe merchants
  • Starts from $5.99/mo
Axos Bank
Member FDIC

Rewards Checking - Up to 3.30% APY

  • Build your own APY with up to 3.30% APY*
  • Zero monthly maintenance fees
  • Zero overdraft or NSF fees
  • Zero minimum monthly balance reqs
  • No initial deposit requirement
  • Unlimited domestic ATM fee reimbursements
  • Online debit card management
  • Simple, 3-step process for direct deposit
Axos Bank
Member FDIC

Axos ONE - Earn up to 4.66% APY

  • Earn up to 4.66% APY* on savings, and 0.51% APY* on checking when you meet requirements.
  • Get your money up to 2 days early.
  • No monthly maintenance, minimum balance, account opening, or overdraft fees.
Axos Bank
Member FDIC

Basic Business Checking - Up to $400 Bonus

Expires 9/30/2025
  • Business owners get up to $400 welcome bonus!* Open a business checking account by September 30 and get up to $400 when you use promo code NEW400 on your application.*
  • No initial deposit requirement
  • No minimum balance requirement
  • No monthly maintenance fees
  • Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
  • Unlimited domestic ATM fee reimbursements
  • Unlimited item processing (debits, credits, and deposited items)
  • Cash deposits via MoneyPass and AllPoint networks

Which is Better: Greenlight or Axos Bank?

In short: Axos Bank's checking is excellent.


Articles on Greenlight

Greenlight

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 Legit

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 Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Which Do You Think is Best?





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