Greenlight vs Charles Schwab Bank

Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to Charles Schwab 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 Charles Schwab Bank offers an Investor Checking account with unlimited ATM fee reimbursements worldwide and no foreign transaction fees. No minimum to open and no service fee. It is tied to a brokerage account but you don't have to use it.

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

		Charles Schwab BankgoHenryFamZooChase
	Greenlight	Charles Schwab Bank
	SPECIAL OFFER Greenlight Debit Card for Kids - Learn More Read Greenlight Review	SPECIAL OFFER High Yield Investor Checking – Unlimited ATM Rebates - Learn More Read Charles Schwab 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	0.48% APY
CD		Offers brokered CDs from other banks. Terms range from 1 month to 20 years. Minimum deposit of $1,000.
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases	0.45% APY, $0.01 account minimum
Kids Debit Card
Customer Service		24/7 Live Customer Service (Telephone and Chat)
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.	Unlimited ATM fee rebates when used with ATMs with the Visa, Interlink logo. Available worldwide.
Locations		345 branches across the country. You may also open an account online.
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
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: No account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online
Bottom Line	Solid financial literacy app for kids but on the pricey side... Read full review	Popular brokerage with a free checking account that refunds ATM fees... Read full review
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids	High Yield Investor Checking – Unlimited ATM Rebates
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Charles Schwab Bank: Pricing information from published website as of 03/23/2023.

Greenlight Debit Card for Kids

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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.

Which is Better: Greenlight or Charles Schwab 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: Charles Schwab Bank's customer service is notable.

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 vs goHenry
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Greenlight Alternatives

Check out the top alternatives to Greenlight Debit Card for Kids to help you save money and enjoy similar features as Greenlight.

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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 Charles Schwab Bank

Charles Schwab Bank Review

Charles Schwab is more than a brokerage. It also offers high yield checking and savings interest rates that might far surpass your local bank. Read on to learn the pros and cons.

• Charles Schwab Bank vs Chase

Charles Schwab Routing Number

You'll need the right routing number to transfer money in or out of your Charles Schwab bank account. Find yours and learn more about money transfers in our guide.

Which Do You Think is Best?