Greenlight vs Varo Bank
Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Varo Bank? Read our comparison chart below.
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| Visit Site | Learn More | |
Greenlight | Varo Bank | |
|---|---|---|
Greenlight Debit Card for Kids - | Varo Bank Account - | |
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 | 2.50% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account. |
| Checking | Debit card up to 5 kids. Greenlight Max, Infinity, and Family Shield plans also earn 1% cashback on purchases | No monthly service fee; no minimum balance; no overdraft fees |
| Monthly Fee |
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| 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. | over 40,000 fee-free AllPoint ATMs |
CreditDonkey® Reviews | ||
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| Savings |   | |
| Minimum Deposit | | |
| Checking |  | |
| Price | | |
| Mobile App | | |
| Customer Service | | |
| Ease of Use | | |
| Education | | |
| Pros & Cons | Pros:
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| Bottom Line | Solid financial literacy app and debit card for kids... | |
| Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Varo Bank: Pricing information from published website as of 12/10/2025. | ||
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). $10.98/month for Greenlight Max. $15.98/month for Greenlight Infinity. $19.98/month for Greenlight Family Shield.
Articles on Greenlight
Greenlight Review
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 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.
Which Do You Think is Best?
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