Greenlight vs. GoHenry vs. BusyKid vs. FamZoo: Best Debit Card for Kids?

What is the best debit card for kids? Is it Greenlight, GoHenry, BusyKid or FamZoo? Find out in our detailed review.

What are debit cards for kids? Debit cards for kids are debit cards designed for kids under 18 years old. There are various financial service providers that provide debit cards for kids, along with the accompanying financial learning apps, to allow your kids to learn about how to manage their money from an early age.

The good thing about debit cards for kids is that the parents will always get involved in the financial learning process of their kids. So, as their parents, you will always monitor your kids’ financial activities with their debit cards, as their accounts will get connected with your accounts. There are also various fun financial learning tools you can use together with your kids to build a better financial habit for them.

In this guide, we will talk about 4 popular financial service providers that offer debit cards for kids today, which are Greenlight, GoHenry, BusyKid, and FamZoo.

That said, here’s our summary of the debit cards available for kids.  

Let’s dive deeper into it.

Greenlight Review

Greenlight provides debit cards for kids, teens, and grownups, along with the banking and investing app that can help kids learn how to save and manage their money.

With Greenlight, parents can teach their kids to manage their money well, create good financial habits, and teach them how to save and invest their money.

The app offers various financial tools that can give your kids the ways to learn how to manage their finances while keeping it fun for them.

  • Greenlight provides personalized debit cards for your kids with their selfie on the card, so they can manage their finances with more confidence.
  • You can create chores from within the app and let your kids complete them, and you can also set their allowance on autopilot, whether per week or per month.
  • You will get real-time notifications every time your kids use their debit cards, and you can also send money to your kids’ debit card accounts anytime and anywhere.

GoHenry Review

GoHenry offers debit cards for kids aged 6-18, allowing them to become more aware of their finances.

With GoHenry debit cards, you can teach your kids about how to manage their finances, so that they can feel more confident in handling their everyday money matters, such as savings and spending.

It also comes with the financial learning app with various tools your kids can use to help manage their money better.

  • Your kids can use money missions on the GoHenry app to help them build better financial habits, while staying motivated when they do so.
  • The financial app from GoHenry can teach your kids about how to reach their own financial independence by learning how to budget, how to differentiate between wants and needs, how to save, how to invest, and so on. You will also get updates on how your kids manage their money, with real-time notifications.
  • Other features you can use from GoHenry include customizable debit cards, allowance on repeat, set tasks for your kids and get them paid when they do it, spending controls, and real-time updates. The debit card also comes with the Zero Liability Protection and $250,000 FDIC insurance.

FamZoo Review

FamZoo provides prepaid debit cards for kids, teens, and parents, and it also includes a financial app that allows the whole family members to learn about how to manage their money better.

With FamZoo, parents can educate their kids about how to spend, save, invest, and manage their money, so they can build better financial habits.

The financial app from FamZoo can also give them the tools to help your kids build their own financial freedom when they reach adulthood.

  • With FamZoo, you can teach your kids to take responsibility for their finances, and you can also help create budgets for your kids, create incentives for their money, and evaluate their progress on the app.
  • You don’t need to have a bank account to use the debit cards from FamZoo, as you can reload the funds on your FamZoo debit cards through certain government agencies or certain retailers. However, having a bank account with FamZoo will make everything simpler for you to manage your accounts.
  • FamZoo offers various features designed to help your whole family members be more aware of their finances, including automated allowance, chore review option, automated family billing, family loan tracking, direct deposit for teens, card activity alerts, detailed decline info, restricted child access, and more.

BusyKid Review

BusyKid provides a chore app for kids that will help parents teach the value of money in their kids’ life.

It also comes with prepaid debit cards your kids can use to spend their money after completing your chores.

The BusyKid app can help your kids learn how to earn money, how to manage their money, and how to save their money.

Their debit cards will get connected to your account, so you can send money to your kids whenever they complete their chores.

  • With BusyKid, your kids can earn money by completing the chores or tasks you set, such as finishing laundry, cleaning the house, and so on. You can send money to your kids right away after they complete their chores for the day.
  • There are four ways for your kids to manage their money with BusyKid, which include Earn, Save, Spend, and Donate. The app will teach your kids to manage their money, and you will also monitor their progress along the way.
  • BusyKid offers prepaid debit cards for your kids, which they can use to spend their money. Your kids can use the prepaid debit cards in various merchants, both online and offline. You will get notified every time your kids spend some money on their prepaid debit cards, so you can always get informed about their financial activities.

Which is the Best Debit Card for Kids?

These are the debit cards for kids you can use today. You can use these debit cards along with the accompanying apps to help your kids learn about how to manage their money, so they can build better financial habits for their future. As their parents, you can also monitor all their financial activities from your app interface, so you can always follow their progress.

Now, which debit card for kids is best for you to use? Let’s dive deeper to find the best debit card for kids you can use.

Best for Fees: GoHenry

Now, we are talking about the fees these debit cards offer for you.

Here are the fees you need to pay for each debit card for kids:

  • Greenlight: Greenlight offers 3 subscription plans, which are Greenlight, Greenlight + Invest, and Greenlight Max. The Greenlight plan goes for $4.99/month, the Greenlight + Invest plan goes for $7.98/month, and the Greenlight Max plan goes for $9.98/month.
  • GoHenry. GoHenry offers an affordable pricing of $4.99/month per card, with the first month free. 
  • FamZoo. FamZoo also offers an affordable family plan, which is $5.99/month. You can also pay per 6 months, per year, or per 24 months, which will give you a cheaper fee per month.
  • BusyKid. BusyKid offers a $3.99/month subscription plan, with a cheaper annual subscription plan option available.

So, which one will you choose? When taking fees into consideration, GoHenry is the best way to go if you are looking for an affordable debit card for kids. GoHenry gives you the affordable $4.99/month plan for your kids, along with a 1-month free trial. It means you will get the best value out of your investment in this debit card for kids.

Best for Learning: FamZoo

Between Greenlight, GoHenry, FamZoo, and BusyKid, they offer the same type of financial learning tools for your kids. These financial learning tools can help your kids understand more about the value of money in their life and to help them manage their money better. There are various ways your kids can learn about financial management with these apps, which can pave their way to understand more about how to manage their finances when they reach adulthood.

Which one of these debit cards for kids is best for learning? The one which offers you the best learning features is FamZoo. FamZoo provides integrated financial learning tools between parents and kids, so you can connect with your kids’ accounts with ease. Also, with FamZoo, you can monitor and control the way your kids use their money through the app.

It provides conveniences for parents to help their kids understand more about money while keeping in control of their account access. The best learning features your kids can use in FamZoo include payment checklists, spending and saving, payment splits, parent-paid interest, savings goals, family billing, and informal loan tracking.

Best Overall: Greenlight

Considering the overall value you will get from these debit cards for kids, which one should you choose? Between Greenlight, GoHenry, BusyKid, and FamZoo, all services offer the affordable subscription plan per month, and they also offer apps you can use to help teach your kids about how to handle their finances. However, among all these options, Greenlight offers the best overall value for parents, as this platform offers both affordable pricing and feature-rich financial learning apps for kids.

Greenlight provides debit cards for kids and financial learning apps that cover basic money management education for kids, as well as a wealth of features for parents to help follow their kids’ progress. Not only that, Greenlight also provides a 1% savings reward for the savings your kids put on their accounts. You can even get a 2% savings reward if you subscribe to the Greenlight Max plan.

Also, Greenlight provides various security features that ensure your kids’ debit cards security, such as purchase protection, identity theft protection, cell phone protection, and more. So, it is the right platform to use if you want to give your kids a complete learning experience in their financial management.

Are Debit Cards for Kids Safe?

The answer is yes, debit cards for kids are secure to use. We have provided you with a comparison of the most popular ones you can use today, which are Greenlight, GoHenry, BusyKid, and FamZoo.

These service providers offer various security and privacy features for the debit cards for kids they release. So, you don’t need to worry about the privacy and security of these debit cards.

Also, there are other reasons that ensure the safety of these debit cards for kids:

  • The parents get full control of their kids’ accounts. The parental control settings allow the parents to set various options, limits, and boundaries that their kids can access on their accounts. For instance, you can limit your kids’ spending to a certain amount per week, restrict transactions in certain merchants, and so on.
  • Various transaction protections are in place. The debit cards for kids provide various protections for each transaction your kids make with their debit cards. These protections include identity theft protection, purchase protection, cell phone protection, PIN protection, and so on.
  • Instant notifications for the parents. Whenever your kids spend their money on their accounts, you will get notifications in real time. So, you always know the money your kids are spending every time they do it. You will also know how your kids invest, save, and manage their money on their accounts.
  • FDIC insurance. Each account has FDIC insurance for up to $250,000, so your funds are secure with these financial service providers. You don’t need to worry about sending money to your kids’ accounts, and you don’t need to worry about their account security.
  • Debit card security. The debit cards released by these financial service providers also have various layers of security that allow your kids to secure their transactions with any merchants. It has the chip and PIN technology to add extra layers of security to the debit cards.

Other Debit Cards for Kids to Consider

Although you may find these popular cards for kids on other websites, they didn't make the cut because they don't provide comprehensive features or unique educational tools for children.

Axos Bank First Checking Account + Debit Card

The Axos First Checking account is specifically designed for teens between 13 and 17 years old. Parents are required to facilitate account opening, making it a joint account. The account earns an annual percentage yield of 0.10% and has no minimum balance requirements or monthly maintenance fee. 

It has a daily transaction limit of $100 cash and $500 debit with no overdraft fees included. Additionally, account owners can get up to $12 domestic ATM fee reimbursements per month. 

Your child can make payments, get account alerts, automate bill payments and manage their debit card. The account is held secure by 2-step authentication, regular account monitoring, anti-virus, and malware protection, and it automatically logs out users during inactive sessions.


Another great checking account for teens is Current. Like most debit cards for kids, the account is linked to a parent’s bank account. The app lets you manage your kid’s account with features like the ability to set spending limits, block specific merchants, automate allowances and receive notifications on purchases they make. You’re also able to assign chores and reward them through the app. 

With Current, teens can use their debit card online or make in-store purchases. They’re able to learn the ins and outs of money management through the app by sending and receiving money, setting budgets, and having a savings plan. They can also learn about giving with the ability to donate to charity. 

A Current account costs $36 per year for one teen. There are no minimum balance requirements, overdraft fees, or transfer fees. Current also has no ATM fees at all their in-network Allpoint ATMs in the U.S.

M1 Finance

Instead of opening a traditional checking account for your kids, you can opt for an investment account with M1 Finance. First, you’ll need an M1 Plus account before you can open a custodial account for your child. You will then be able to manage their portfolio and build wealth for them. 

Your child is listed as the owner and beneficiary of the account, and when they’re of age, they’ll have complete control of the assets and can withdraw funds. 

Start investing by signing up for the M1 Plus account that costs $125 per year. The first year is free so you have enough time to use the account before making a long-term commitment. Through the account, you’ll be able to invest, borrow and spend cash through the M1 Spend Visa Debit Card.

Nationwide First Checking

The Nationwide First Checking account is primarily geared towards teenagers and helping them with money management. Parents are required to open an account on their behalf, but the kids will have full access to the account through a mobile banking app. Additionally, your child can learn the power of compound interest by earning 0.10% APY on their balance.

You’ll need a minimum balance of $50 to open an account, and there are no overdraft or maintenance fees. The account has a daily transaction limit of $100 cash and $500 debit. Finally, your child can get up to $12 ATM fee reimbursements per month.

Copper Banking

Mobile banking is easier for kids thanks to Copper Banking. It’s a prepaid debit card and app made for teens and managed by parents. You can instantly transfer money to your child’s account and set up automated payments for allowance as well. 

The app gives teens the knowledge and power to save, invest and manage their finances. They can also spend online, in-store, and use Apple Pay using the Copper debit card. There are no overdraft or minimum balance fees, and they can enjoy free withdrawals at Allpoint ATMs.

Once you’ve signed up, you can have up to five child accounts linked to your copper account. The good thing about Copper is that it doesn’t run a credit check when you sign up, so your credit score remains unaffected no matter what.


To be clear, RoosterMoney is primarily an allowance tracking app. This means that the free version isn’t meant for transferring funds — you’ll need to do that another way. Instead, it helps you manage your kids’ allowances: how often they receive it, how much they spend or give, and how much they save. 

Rooster PLUS, which is $18.99 per year, goes a step further by including a chore management system that encourages kids to earn money by doing their chores. Another interesting feature it offers is the ability to add interest to your kids’ savings. 

Lastly, the Rooster Card is a prepaid card with parental controls. It’s meant for kids ages six and up. The plan is $2.99 per month, and it includes all the features of Rooster PLUS.

Related: Can a 12 Year Old Have a Debit Card?


How can I set expectations with my child?

It’s best for you to set clear boundaries with your kids about the purpose of giving them the debit cards for kids. You also need to find out about what you can expect from the financial app that comes with the debit cards, so you will know what features you can use, how you can control your child’s accounts, how to use the app in the right way, and so on.

How do I learn what the company is doing with my child's information?

You can find out about the company’s privacy policy in their official website. All the companies we provide in this guide are legit companies that will keep all your data, along with your kids’ data, confidential, secure, and private.

How can I tell whether my child's personal data is compromised?

Their data will remain safe as long as you teach your kids to keep their account and debit card information confidential. However, you can always monitor the use of your kids’ debit cards to determine if they keep their personal data secure and private. You should report any suspicious activity to the financial service provider right away.

What if I still have questions?

You can get in touch with the customer service department of Greenlight, GoHenry, BusyKid, or FamZoo, depending on which service you are using.

Best Debit Card for Kids Conclusion

You have learned about Greenlight, GoHenry, BusyKid, and FamZoo debit cards for kids. We recommend you to use Greenlight if you want to give the full financial learning experience for your kids, and best of all, they also offer affordable subscription plans you can choose.

It’s always best to teach your kids about how to manage their money as early as possible, so they can build positive financial habits when they grow up toward adulthood. A good financial habit can set them to reach their financial freedom in the future. As their parents, it’s always a good thing for you to provide the best financial education for your kids with the use of debit cards for kids.

That said, here’s a list of some of the best debit cards available for kids.  

Brian Meiggs
Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of Smarts, a personal finance site helping you easily explore your best money options. He helps readers follow the smart money in order to increase their earning potential and start building wealth for the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Business Insider, Yahoo! Finance, NASDAQ, Discover, and more.
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