Greenlight vs TD Bank
Greenlight is a solid financial literacy app and debit card for kids. How does it compare to TD 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 - $14.98 per month for up to 5 kids.
While TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.
Compare Greenlight with TD Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
Visit Site | Learn More | |
Greenlight | TD Bank | |
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Greenlight Debit Card for Kids - | TD $300 Beyond Checking Bonus - | |
Benefits and Features | ||
Savings | 2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family | 0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older. |
CD | 1.00% APY (up to 4.50% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account). | |
Checking | Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases | TD Complete Checking, TD Beyond Checking, TD Essential Banking |
Kids Debit Card | ||
Mobile App | ||
ATMs | Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee. | 2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida |
CreditDonkey® Reviews | ||
Savings | ||
Minimum Deposit | ||
Checking | ||
Price | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Education | ||
CD | ||
Money Market | ||
Pros & Cons | Pros:
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Bottom Line | Solid financial literacy app and debit card for kids... | East Coast bank with relatively low minimum balance requirements... |
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Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TD Bank: Pricing information from published website as of 09/27/2024 based on 08034 zip code. |
All Ages - Banking and Invest in One App
- Flexible controls, spending notifications, in-app chore list
- Age: No minimum age
- Fees: Starts at $5.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Greenlight Debit Card for Kids
- Debit cards for up to 5 kids per family
- No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
- Earn cashback and up to 5% savings rewards
- Customize chores and allowance
- Set spending limits and block unsafe merchants
- Starts from $5.99/mo
Which is Better: Greenlight or TD Bank?
In short: Greenlight's savings is noteworthy. TD Bank's checking and customer service are worth mentioning. In particular, the customer service is outstanding.