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Greenlight vs Chime


 Greenlight
 Visit SiteLearn More
 

Greenlight

Chime

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

SPECIAL OFFER
Get Started - Learn More

Read Chime Review

 

Benefits and Features

Savings1% APY (2% APY for Greenlight Max families) on an average daily savings balance of up to $5,000 per family0.50% Annual Percentage Yield (APY). The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest.
CheckingDebit card up to 5 kids. Greenlight Max plan also earns 1% cashback on purchasesNo monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Customer Service 
24/7
Minimum Deposit to Open
$1
$0
Mobile App
iOS & Android
iOS & Android
ATMsAny ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.Over 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Locations 
Online only
Monthly FeeGreenlight: $4.99 per month
Greenlight + Invest: $7.98 per month
Greenlight Max: $9.98 per month
$0
 

CreditDonkey® Reviews

 Greenlight
SavingsStarStarStarStarHalf StarStarStarStarStarStar
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty StarStarStarStarStarStar
PriceStarStarEmpty StarEmpty StarEmpty Star
Customer ServiceStarEmpty StarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarStar
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
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:
  • No account fees
  • Get paycheck 2 days early
  • Up to $200 overdraft coverage
Cons:
  • Hard to deposit cash
Bottom LineSolid financial literacy app for kids but on the pricey side... Read full review 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.

Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.

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). $7.98/month for Greenlight + Invest
Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.

Articles on Greenlight

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 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.

Greenlight Alternatives

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

Articles on Chime

Chime Reviews

Chime has no monthly fees, so what's the catch with the app? Find out how you can get paid two days early and grow your savings.

Chime Alternatives

Chime offers a convenient and rewarding mobile app. But can you earn better rewards and get more account options with one of Chime's top competitors?

Which Do You Think is Best?





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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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