Greenlight vs Axos Bank

Greenlight is a solid financial literacy app for kids but on the pricey side. 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 $4.99 - $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.

	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
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	0.61% 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
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback
Kids Debit Card
Money Market		0.25% APY
Minimum Deposit to Open	$1
Mobile App	iOS & Android
ATMs	Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.
Monthly Fee	Greenlight Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month
	CreditDonkey® Reviews

Savings
Minimum Deposit
Checking
Price
Customer Service
Mobile App
Ease of Use
Education
CD
Money Market
ATMs
Locations
Pros & Cons	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	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches
Bottom Line	Solid financial literacy app for kids but on the pricey side... Read full review	Full-service online bank with excellent cashback and interest checking... Read full review

	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids	Rewards Checking - Up to 3.30% APY Basic Business Checking - $200 Bonus Essential Checking
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 02/21/2023.

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.

Member FDIC

Rewards Checking - Up to 3.30% APY

Get Deal

Use the promo code RC100 when you apply for a Rewards Checking account by 3/31/2023. Then have qualifying direct deposit(s) to earn a $100 welcome bonus!
Up to 3.30% APY
Zero monthly maintenance fees
Zero overdraft or NSF fees
Zero minimum monthly balance reqs
Unlimited domestic ATM fee reimbursements
Online debit card management
Simple, 3-step process for direct deposit
Only $50 to open an account

Member FDIC

Basic Business Checking - $200 Bonus

Get Deal

New business owners get a $200 welcome bonus!
Zero monthly maintenance fees
Unlimited Transactions
Unlimited domestic ATM fee reimbursements
$0 Minimum Opening Deposit requirement
2 Free Domestic Wires, monthly
Cash Deposit capability via MoneyPass and AllPoint networks

Member FDIC

Essential Checking

Unlimited domestic ATM reimbursements
No monthly maintenance fees
No annual fee
No overdraft or non-sufficient funds fee

Get Deal

Which is Better: Greenlight or Axos Bank?

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

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.