Greenlight vs FamZoo
Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to FamZoo? 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 $4.99 - $14.98 per month for up to 5 kids.
While FamZoo is a virtual family banking app. It has more features than other similar apps, though there's no investing. Some unique features include IOUs, informal loans, first dibs chores, and parent-paid interest plans. The base cost is $5.99/mo per family, but you save more if you prepay.
Compare Greenlight with FamZoo, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Greenlight | FamZoo | |
|---|---|---|
Greenlight Debit Card for Kids - | FamZoo Prepaid Card for Kids and Teens - | |
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 | Parents can set up a custom interest rate to encourage kids saving |
| Checking | Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases | Prepaid debit cards for multiple kids |
| Kids Debit Card |  | |
| 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 Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 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... | Good value family finance app with robust features... |
| | |
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). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Greenlight Banking and Educational App for Kids
- 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)
FamZoo Prepaid Card for Kids and Teens
- Order Online
- No Credit Check
- Try for Free
Which is Better: Greenlight or FamZoo?
Still need help deciding which kids debit card is better? Read the in-depth reviews below. You may also be interested in comparing Greenlight or goHenry.
In short: Greenlight's mobile app and ease of use are noteworthy. In particular, the ease of use is impressive. FamZoo's customer service is excellent.
Articles on Greenlight
Greenlight
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.
Greenlight Alternatives
Check out the top alternatives to Greenlight Debit Card for Kids to help you save money and enjoy similar features as Greenlight.
How to Delete Your Greenlight Account
Don't want a Greenlight account anymore? Here's how to delete your Greenlight account and get your money back.
How to Transfer Money from Greenlight Card
Want to transfer money from your Greenlight card? Find out how to withdraw your funds and send them back to your bank, step by step.
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.
Articles on FamZoo
FamZoo
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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