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Greenlight vs BMO Harris Bank

Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to BMO Harris 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 BMO Harris Bank has 900 branches in the Midwest. Smart Advantage checking account has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.

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

 GreenlightBMO Harris Bank
 Visit SiteVisit Site
 

Greenlight

BMO Harris Bank

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

SPECIAL OFFER
BMO Harris Smart Advantage™ Account - $300 Cash Bonus - Learn More

Read BMO Harris Bank 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 family0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit.
CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchasesSmart Advantage, Smart Money, Premier
Kids Debit Card
Check
 
Money Market 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $10,000 minimum daily balance.
Customer Service Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
Minimum Deposit to Open
$1
 
Mobile App
iOS & Android
 
ATMsAny ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.40,000+ BMO Harris and Allpoint ATMs
IRA CD 0.05% - 5.10% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit
IRA Money Market IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee
Locations 
More than 500 branches
Monthly FeeGreenlight Core: $4.99 per month
Greenlight Max: $9.98 per month
Greenlight Infinity: $14.98 per month
 
 

CreditDonkey® Reviews

 GreenlightBMO Harris Bank
SavingsStarStarStarStarHalf StarStarStarEmpty StarEmpty StarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty StarStarStarStarStarEmpty Star
PriceStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarHalf Star
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
CDStarStarStarStarEmpty Star
Money MarketStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • 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:
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
Cons:
  • Limited branches
  • Low savings APY
Bottom LineSolid financial literacy app for kids but on the pricey side... Read full reviewMidwest bank with options for low and high-balance customers... 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.

BMO Harris Bank: Pricing information from published website as of 4/18/2023 based on 91107 zip code.

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.
BMO Harris Bank
Member FDIC

BMO Harris Smart Advantage™ Account - $300 Cash Bonus

Open a new BMO Harris Smart Advantage™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 9/15/2023
BMO Harris Bank
Member FDIC

BMO Harris Smart Money™ Account - $300 Cash Bonus

Open a new BMO Harris Smart Money™ Account online and get a $300 cash bonus when you have a total of at least $4,000 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 9/15/2023
BMO Harris Bank
Member FDIC

BMO Harris Premier™ Account - $500 Cash Bonus

Open a new BMO Harris Premier™ Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.

Expires 9/15/2023

Which is Better: Greenlight or BMO Harris 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: Greenlight's savings is noteworthy. BMO Harris Bank's customer service is notable.


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 and 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 BMO Harris Bank

BMO Harris Bank Review

BMO Harris offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

Is BMO Harris a Real Bank

BMO Harris, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

BMO Harris Routing Number

If you have a BMO Harris Bank account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

Which Do You Think is Best?





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