Greenlight vs Charles Schwab Bank

Greenlight is a solid financial literacy app and debit card for kids. 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 $5.99 - $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.

	Greenlight	Charles Schwab Bank

	Visit Site	Learn More
	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	2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family	0.15% APY
CD		Offers brokered CDs from other banks. Minimum deposit of $1,000.
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
Kids Debit Card
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.
	CreditDonkey® Reviews

Savings
Minimum Deposit
Checking
Price
Mobile App
Customer Service
Ease of Use
Education
Pros & Cons	Pros: 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 account minimum No service fees Refund all ATM fees Cons: Only checking or savings Must do banking online
Bottom Line	Solid financial literacy app and debit card for kids... Read full review	Popular brokerage with a free checking account that refunds ATM fees... Read full review
	Visit Site	Learn More
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Debit Card for Kids	High Yield Investor Checking – Unlimited ATM Rebates 1-Year CD - Up to 4.35% APY 3-Month CD - Up to 4.27% APY
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 04/18/2025.

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 $5.99/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 Debit Card for Kids

Debit cards for up to 5 kids per family
No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
Earn cashback and up to 5% savings rewards
Customize chores and allowance
Set spending limits and block unsafe merchants
Starts from $5.99/mo

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Which is Better: Greenlight or Charles Schwab Bank?

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.