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Greenlight vs Betterment

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Betterment? 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 Betterment offers automatic investing starting at $4/month for accounts with less than $20,000. There is no fee to open an account and no minimum deposit required. All balances get automatic rebalancing, tax loss harvesting, and access to financial experts.

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

 Greenlight
 Visit SiteLearn More
 

Greenlight

Betterment

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

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Compare Pricing - Learn More

Read Betterment 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
Check
Annual Fee
  • Greenlight Core: $4.99/month
  • Greenlight Max: $9.98/month
  • Greenlight Infinity: $14.98/month
    • Digital: 0.25% annual fee for accounts with $20,000 or more or with monthly recurring deposits of $250 or more, $4/month for accounts with less than $20,000
    • Premium: 0.40% for accounts $100,000 or more
    Minimum Deposit
    $1
    $0
    CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
    No-Fee Checking
    Kids Debit Card
    Check
     
    Mobile App
    iOS & Android
    Yes
     

    CreditDonkey® Reviews

     Greenlight
    SavingsStarStarStarStarHalf Star
    Minimum DepositStarStarStarStarStarStarStarStarStarStar
    CheckingStarStarStarHalf StarEmpty Star
    PriceStarStarStarEmpty StarEmpty Star
    Mobile AppStarStarStarStarEmpty Star
    Customer ServiceStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
    Ease of UseStarStarStarStarStar
    EducationStarStarStarStarStar
    Annual FeeStarStarStarStarHalf Star
    Human AdvisorsStarStarStarEmpty 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
    Cons:
    • Can't deposit physical cash
    • Difficult to close account
    Pros:
    • No minimum investment
    • Customized portfolios
    • Automatically invest extra funds
    Cons:
    • Limited investment options
    • High fees for large investors
    Bottom LineSolid financial literacy app and debit card for kids... Read full reviewGreat robo-advisor for beginners with low fees, good tools, and tax strategies... 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.

    Betterment: Pricing information from published website as of 04/04/2018

    Greenlight

    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

    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.

    Which is Better: Greenlight or Betterment?

    In short: Betterment'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.

    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 Betterment

    Betterment

    Betterment offers low fees and good returns. But there are risks you should NOT ignore. Read this review to see if Betterment is better.

    Betterment Fees

    Betterment offers no minimum deposit and good returns. But are the fees worth it? Read on to learn about this robo-advisor's costs.

    Is Betterment Safe

    Betterment offers low fees, no minimum balance and good returns. But is it a good idea? Find out if it's safe to invest your money with this robo-advisor.

    Is Betterment Worth The Fee

    Betterment will manage your investments, but they charge a fee. Is Betterment worth the fee? Read on to answer all your questions.

    Betterment Roth IRA

    Is Betterment a good way to invest for retirement? What about the fees and withdrawals? Read on to learn how Betterment's Roth IRA account works.

    Betterment vs Wealthfront

    Betterment and Wealthfront are two of the oldest and most popular robo-advisors. Is there a difference? Which is better for you? Read on to find out.

    Which Do You Think is Best?





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