Greenlight vs FamZoo
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 | | |
Greenlight | FamZoo | |
|---|---|---|
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:
| 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... |
| | |
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
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 Legit and 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 FamZoo
FamZoo Review
FamZoo is a virtual family bank offering prepaid debit cards for kids. But is it worth the monthly fee? Find out how it stacks up in this review.
Which Do You Think is Best?
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