Greenlight vs TIAA Bank

Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to TIAA 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 $4.99 - $14.98 per month for up to 5 kids.

While TIAA Bank promises to deliver a yield in the top 5% of competitive accounts for their Yield Pledge accounts. Checking requires a minimum of $100. Money Market Account requires a minimum opening deposit of $500. High APY. All accounts have no monthly service fees.

Compare Greenlight with TIAA Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

		TIAA BankgoHenryBusyKidFamZooChase
	Greenlight	TIAA Bank
	SPECIAL OFFER Greenlight Debit Card for Kids - Learn More Read Greenlight Review	SPECIAL OFFER Yield Pledge Checking - Learn More Read TIAA Bank Review
	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
CD		Basic CD: 3.80% - 4.65% APY. Terms of 3 months to 5 years. Minimum deposit of $1,000. No monthly service fee.
Checking	Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases	Yield Pledge Checking: Up to 0.25% APY. Minimum deposit of $100. No monthly service fee.
Kids Debit Card
Money Market		Up to 3.55% APY. No monthly service fee. Minimum deposit of $500.
Minimum Deposit to Open	$1
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.
Monthly Fee	Greenlight Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month
	CreditDonkey® Reviews
Savings
Minimum Deposit
Checking
Price
Customer Service
Mobile App
Ease of Use
Education
CD
Money Market
Pros & Cons	Pros: Great parental controls Teaches money management for kids Excellent education and savings tools Cons: High fees Can't deposit physical cash Difficult to close account	Pros: High APY No monthly service fees Refund ATM fees Cons: Large minimum deposit
Bottom Line	Solid financial literacy app for kids but on the pricey side... Read full review	Online bank offering high rates if you have a large deposit... Read full review
	Greenlight Debit Card for Kids All Ages - Banking and Invest in One App Greenlight Banking and Educational App for Kids	Yield Pledge Checking Yield Pledge Money Market Bump Rate CD
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. TIAA Bank: Pricing information from published website as of 03/17/2023.

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 $4.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.

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

Greenlight Banking and Educational App for Kids

Get Started

• 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)

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

Which is Better: Greenlight or TIAA Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Greenlight or Chase.

In short: TIAA Bank's customer service is impressive.

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 vs goHenry
• Greenlight vs BusyKid
• Greenlight vs FamZoo

Greenlight Alternatives

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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

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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 TIAA Bank

TIAA Bank Review

If you have a large opening deposit, TIAA Bank provides a variety of options at high rates. But there are downsides. Read on to see if it's right for you.

• TIAA Bank vs Chase

Which Do You Think is Best?