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Greenlight Debit Card for Kids & Teens vs Acorns Early (formerly GoHenry)

By Alex Compton · Updated

Greenlight and Acorns Early (the former GoHenry) are the two big subscription kids' money apps, and both sell the same core loop: debit cards, chores, allowance, and parental controls. The differences are what each pays the kid and what each bundles for the parent.

Greenlight Debit Card for Kids & TeensAcorns Early (formerly GoHenry)
APY2% savings reward on Core, up to 6% on Family Shield (on up to $5,000 per family)None
Monthly Fee$5.99-$19.98 per family (up to 5 kids), no free tier$8 (Early Lite) or included in the $12 Acorns Gold subscription
Minimum to OpenNoneNone
ATM AccessNo Greenlight fee at ATMs, but operator surcharges are not reimbursedATM withdrawals supported; operator fees apply and are not reimbursed
InsuranceCard issued by Community Federal Savings Bank, Member FDIC; deposits FDIC insured through the partner bankCards issued by nbkc Bank, Member FDIC (Visa) and Community Federal Savings Bank, Member FDIC (Mastercard)
Our Rating8.57.5

Where Each Wins

Price

Greenlight

Greenlight Core is $5.99 for up to 5 kids. Acorns Early Lite is $8 for up to 4 kids with fewer features, and the interesting Acorns tier is the $12 Gold bundle.

Savings rewards

Greenlight

Greenlight pays 2% on Core up to 6% on Family Shield, on up to $5,000 per family. Acorns Early pays no interest or savings reward on kid balances at any tier.

Cash back

Greenlight

Greenlight pays 1% cash back on the $10.98 Max plan and up. Acorns Early has no cash back at any tier.

Chores and allowance

Tie

Both automate allowance against completed chores and both do it well. Acorns Early carries over GoHenry's Money Missions financial literacy content; Greenlight counters with its Level Up game.

Investing

Acorns

Acorns Gold includes real UGMA/UTMA custodial accounts with a 1% match on the first $7,000 invested per year, plus the full adult Acorns suite. Greenlight's kid investing on Max is a teaching tool with parental approval on every trade, with no match.

Parental controls

Greenlight

Greenlight's per-store and per-category limits remain the deepest in the category. Acorns Early covers real-time alerts, per-kid limits, and instant card lock, solid but a tier lighter.

The Verdict

Head to head on kid banking alone, Greenlight wins: cheaper entry, savings rewards Acorns doesn't pay, deeper controls, and one more kid per subscription. The case for Acorns Early is really the case for Acorns Gold at $12, where the kid cards ride along with custodial investing, a 1% contribution match, and the parent's own robo-investing. If your family already pays for Acorns, take Early. If you are buying a standalone kids' money app, take Greenlight.

Updated July 2026

Common Questions

Is Greenlight Debit Card for Kids & Teens or Acorns Early (formerly GoHenry) better?

Head to head on kid banking alone, Greenlight wins: cheaper entry, savings rewards Acorns doesn't pay, deeper controls, and one more kid per subscription. The case for Acorns Early is really the case for Acorns Gold at $12, where the kid cards ride along with custodial investing, a 1% contribution match, and the parent's own robo-investing. If your family already pays for Acorns, take Early. If you are buying a standalone kids' money app, take Greenlight.

Does Greenlight or Acorns charge a monthly fee?

Greenlight Debit Card for Kids & Teens: $5.99-$19.98 per family (up to 5 kids), no free tier. Acorns Early (formerly GoHenry): $8 (Early Lite) or included in the $12 Acorns Gold subscription.

Which earns a higher APY, Greenlight or Acorns?

Greenlight Debit Card for Kids & Teens pays 2% savings reward on Core, up to 6% on Family Shield (on up to $5,000 per family) APY. Acorns Early (formerly GoHenry) pays None APY.

Which is better for price?

Greenlight. Greenlight Core is $5.99 for up to 5 kids. Acorns Early Lite is $8 for up to 4 kids with fewer features, and the interesting Acorns tier is the $12 Gold bundle.

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