Greenlight vs Bank of America

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Bank of America? 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 Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

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

	Greenlight	Bank of America
		Member FDIC
	Visit Site	Learn More
	SPECIAL OFFER Greenlight Debit Card for Kids - Learn More Read Greenlight Review	OFFER Bank of America Advantage Banking - $200 Bonus Offer Read Bank of America 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
CD
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
Monthly Fee	Greenlight Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month
Kids Debit Card
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.	Approximately 16,000+ ATMs
Customer Service		Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
IRA CD
Locations		3,922 financial centers
	CreditDonkey® Reviews

Savings
Minimum Deposit
Checking
Price
Mobile App
Customer Service
Ease of Use
Education
CD
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: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	Solid financial literacy app and debit card for kids... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Visit Site	Learn More
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Bank of America: Pricing information from published website as of 04/26/2024 based on 91107 zip code.

Greenlight Debit Card for Kids

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All Ages - Banking and Invest in One App

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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

Bank of America Advantage Banking - $200 Bonus Offer

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Expires 5/31/2024

The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
The offer is for new checking customers only.
Offer expires 5/31/2024.
To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
Bank of America will attempt to pay bonus within 60 days.
Additional terms and conditions apply. See offer page for more details.
Bank of America, N.A. Member FDIC.

Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

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Expires 6/30/2024

Earn a cash bonus in three steps:

Open a new eligible business checking account by June 30, 2024
Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**

*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC

Member FDIC

Bank of America Advantage SafeBalance Banking®

Banking that helps you stay within your balance.
No monthly maintenance fee each statement cycle when you meet one of the following: an owner of this account is under the age of 25 or maintain a minimum daily. balance of $500 in your account or are a member of Bank of America Preferred Rewards®.
Bank of America, N.A. Member FDIC.

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Which is Better: Greenlight or Bank of America?

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: Greenlight's savings is noteworthy. Bank of America's customer service is noteworthy.

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.