Greenlight vs FamZoo
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Greenlight | FamZoo | |
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Greenlight Debit Card for Kids - | FamZoo Prepaid Card for Kids and Teens - | |
Benefits and Features | ||
Savings | 1% APY (2% APY for Greenlight Max families) on an average daily savings balance of up to $5,000 per family | Parents can set up a custom interest rate to encourage kids saving |
Checking | Debit card up to 5 kids. Greenlight Max plan also earns 1% cashback on purchases | Prepaid debit cards for multiple kids |
Minimum Deposit to Open | ||
Mobile App | ||
ATMs | Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee. | Any ATM, but the ATM owner may charge a fee. |
Monthly Fee | Greenlight: $4.99 per month Greenlight + Invest: $7.98 per month Greenlight Max: $9.98 per month | $5.99 per month, OR $25.99 for 6 months $39.99 for 12 months $59.99 for 24 months |
CreditDonkey® Reviews | ||
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Savings | ![]() ![]() ![]() ![]() ![]() | |
Minimum Deposit | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Checking | ![]() ![]() ![]() ![]() ![]() | |
Price | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Mobile App | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Ease of Use | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Education | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Pros & Cons | Pros:
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Bottom Line | Solid financial literacy app for kids but on the pricey side... | Basic prepaid card account for kids, but not the cheapest option... |
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FamZoo: Pricing information from published website as of 05/01/2022 |
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