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. Read on for an in-depth look, including ratings, reviews, pros and cons.

		M&T BankAcorns EarlyFamZooStepChaseWells 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 - $350 Bonus - Learn More Read M&T Bank Review
	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 and Infinity 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
CD
Money Market
Pros & Cons	Pros: Great parental controls Teaches money management for kids Excellent education and savings tools Cons: Can't deposit physical cash Difficult to close account	Pros: Free checking option High APY for Promo CD Free savings with checking Cons: Fee heavy Subpar savings APY Limited branches
Bottom Line	Solid financial literacy app and debit card for kids... Read full review	Upper East Coast bank with free checking option and good promo CD rates... 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 - $350 Bonus Personal Checking Account - $200 Bonus Personal Checking Account - $150 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 09/14/2025 based on 14203 zip code

Greenlight Debit Card for Kids

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All Ages - Banking and Invest in One App

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• 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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Which is Better: Greenlight or M&T Bank?

In short: Greenlight's savings is noteworthy. M&T Bank's customer service is noteworthy.

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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Articles on M&T Bank

M&T Bank Review

If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?

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Which Do You Think is Best?