Greenlight vs M&T Bank

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to M&T Bank? 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 $5.99 - $24.98 per month for up to 5 kids.

While M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.

Compare Greenlight with M&T Bank, side-by-side.

		M&T BankAcorns EarlyStepWells FargoKeyBankBank of America
	Visit Site	Learn More
	Greenlight	M&T Bank
	SPECIAL OFFER Greenlight Debit Card for Kids - Learn More Read Greenlight Review	SPECIAL OFFER Personal Checking Account - $200 Bonus - Learn More
	Benefits and Features
Savings	2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity, 6% for Greenlight Family Shield) on an average daily savings balance of up to $5,000 per family	0.01% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account
CD		Terms from 32 days to 72 months. Minimum opening deposit $1,000.
Checking	Debit card up to 5 kids. Greenlight Max, Infinity, and Family Shield plans also earn 1% cashback on purchases
Kids Debit Card
Mobile App	iOS & Android
ATMs	Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.	More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.
	CreditDonkey® Reviews
Savings
Minimum Deposit
Checking
Price
Mobile App
Customer Service
Ease of Use
Education
Pros & Cons	Pros: Great parental controls Teaches money management for kids Excellent education and savings tools Cons: Can't deposit physical cash Relatively high fees
Bottom Line	Solid financial literacy app and debit card for kids... Read full review
	Visit Site	Learn More
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Investing App for Kids and Teens	Personal Checking Account - $200 Bonus Personal Checking Account - $150 Bonus Personal Checking Account - $100 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M&T Bank: Pricing information from published website as of 11/13/2025 based on 14203 zip code

Greenlight Debit Card for Kids

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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 $5.99/month, per family (up to 5 kids). $10.98/month for Greenlight Max. $15.98/month for Greenlight Infinity. $24.98/month for Greenlight Family Shield.

Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.

Investing App for Kids and Teens

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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.

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Greenlight Alternatives

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

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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

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.

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