Greenlight vs Chime

Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to Chime? Read our comparison chart below.

	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
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	2.00% 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 17, 2022. No minimum balance required. Must have $0.01 in savings to earn interest.
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases	No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Kids Debit Card
Customer Service		24/7
Minimum Deposit to Open	$1	$0
Mobile App	iOS & Android	iOS & Android
ATMs	Any 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 Fee	Greenlight Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month	$0
	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 fees Get paycheck 2 days early Up to $200 overdraft coverage Cons: Hard to deposit cash
Bottom Line	Solid financial literacy app for kids but on the pricey side... Read full review	Read full review

	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids	Get Started Deposit a Check Using a Mobile App (No Monthly Fees) Free Mobile Checking
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 Debit Card for Kids

Get Started

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 Chime?

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: Chime's checking and mobile app are excellent.

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.