Greenlight vs Wells Fargo
Greenlight is a solid financial literacy app for kids but on the pricey side. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and 12,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.
Compare Greenlight with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.
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Greenlight | Wells Fargo | |
|---|---|---|
Greenlight Debit Card for Kids - | Savings Account - $525 Bonus - | |
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 | 0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. |
| CD | Standard Term CD: 0.50% to 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.01% APY if you maintain a linked Portfolio by Wells Fargo relationship. | |
| Checking | Debit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases | Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo |
| Kids Debit Card |  | |
| Money Market | Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship. | |
| Customer Service | Available 24 hours a day, 7 days a week. | |
| 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. | More than 12,000 ATMs across the country. |
| IRA CD | Standard Term CD: 0.01% to 2.00% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.01% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. | |
| IRA Money Market | 0.01% APY. $100 minimum opening deposit. | |
| Locations | Approximately 4,500+ retail banking branches coast to coast. | |
| Monthly Fee | Greenlight Core: $4.99 per month Greenlight Max: $9.98 per month Greenlight Infinity: $14.98 per month | |
CreditDonkey® Reviews | ||
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| Checking |  | |
| Price | | |
| Customer Service | | |
| Mobile App | | |
| Ease of Use | | |
| Education | | |
| Pros & Cons | Pros:
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| Bottom Line | Solid financial literacy app for kids but on the pricey side... | |
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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. Wells Fargo: Pricing information from published website as of 03/22/2023 based on 91107 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 $4.99/month, per family (up to 5 kids). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Greenlight Banking and Educational App for Kids
- 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)
Which is Better: Greenlight or Wells Fargo?
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.
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 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 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 Wells Fargo
Wells Fargo Bank Review
Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.
Wells Fargo Bank Hours
Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.
Wells Fargo Routing Number
Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.
Which Do You Think is Best?
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