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GoHenry is a popular debit card for kids designed to help children learn about money while providing them with useful saving and spending features—and allowing a trusted adult (usually a parent) to have plenty of oversight.

But is it the right choice for you and your child’s needs?

It very well might be—but if not, several rival debit cards might be a more appropriate fit. That’s why today, I’ll dive into GoHenry’s debit card, as well as the best GoHenry alternatives available. We’ll look at each card’s strengths and weaknesses, and highlight the situations where each card might be superior to the competition.

GoHenry Alternatives [Free + Paid]—Our Top Picks


Best Paid GoHenry Alternative
Debit Card for Kids + Teens
4.8
4.4
Core: $4.99/mo. Max: $9.98/mo. Infinity: $14.98/mo. (Each account supports up to 5 children.)
30 days free. Copper $4.95/mo. Copper + Invest: $7.95/mo.
Best Paid GoHenry Alternative
4.8
Core: $4.99/mo. Max: $9.98/mo. Infinity: $14.98/mo. (Each account supports up to 5 children.)
Debit Card for Kids + Teens
4.4
30 days free. Copper $4.95/mo. Copper + Invest: $7.95/mo.

Best GoHenry Alternatives


While GoHenry is an excellent debit card option for both kids and teens, it’s hardly the only one on the market. And depending on what features you value most, you might want to give a second look at some of its most competitive rivals. My top choices:

1. Greenlight (Best Paid GoHenry Competitor)


greenlight sign up new

  • Available: Sign up here
  • Price: Free 1-month trial. Core: $4.99/mo. Max: $9.98/mo. Infinity: $14.98/mo. (All plans include cards for up to 5 children)

The Greenlight debit card allows kids to begin spending, but provides parents with peace of mind by giving them control over where their kids can spend money. Parents also can choose to receive alerts that tell them when, and how much, money is spent on the Greenlight debit card.

Greenlight works like a prepaid debit card, allowing you to transfer money onto the card for your child to pay for expenses at approved locations. You can choose how much money to load onto the card, and your child will be cleared to make approved purchases so long as a money balance backs up the card.

If your child asks for extra money to get added to the card, you can have them take a photo of the purchase they want to make and receive your approval. This gives you control and allows you to have discussions with your child about why a purchase might be a good or bad idea.

And if your child has a job, they can add their own funds to the card as well.

Each monthly Greenlight subscription includes debit cards for up to five kids. Replacement cards cost $3.50 each but are free the first time. If you need to replace your card quickly, you can get express delivery for $24.99. The company also offers a personalized card, with your own photo or design, for $9.98 per year.

Greenlight boasts numerous other features, too. For instance, parents can open an investment account for kids to get their children investing in stocks and ETFs for the first time.

Greenlight also offers monthly savings rewards based on your tier: 1% per annum for Core members, 2% per annum for Max, and 5% per annum for Infinity. You may set up “Parent-Paid Interest” between you and your child. This allows you to foot the bill and pay interest on accounts for up to five kids.

The Greenlight debit card is a good choice for parents looking to teach their kids the importance of saving money and making prudent financial decisions. This financial product can be an effective learning tool for helping kids to understand why saving should be a priority and how to simplify paying an allowance or tracking chores.

Greenlight has no minimum age requirements but recommends starting at age 6 or older.

Read more in our Greenlight Card review.

 

2. Copper Card (Paid GoHenry Alternative With Investing)


copper banking

  • Available: Sign up here
  • Price: 30 days free. Copper $4.95/mo., Copper + Invest: $7.95/mo.

Copper Banking was founded on the belief that kids and teens should have equal access to financial education and should be empowered to learn by doing. Now, the company is on a mission to help children gain real-world experience by giving them access to their money in a way that traditional banks can’t.

The Copper app and debit card teaches your child how to make smart financial decisions by creating a platform where parents and their kids can connect. With the Copper app, you get easy snapshots of your accounts. And with the Copper Debit Card, it’s easy to shop in-store or online, including with Apple Pay or Google Pay.

Plus, users get exclusive access to engaging advice curated by a team of financial literacy experts who provide tips on how to take control of their financial future.

Copper Banking features

  • Send/Request: Kids and parents can easily send and receive money all at the touch of a button.
  • Spend: Spend using Apple or Google Pay, or using the Copper Debit Card.
  • Withdraw: Access your money from more than 55,000 fee-free ATMs.
  • Monitor: Get a snapshot of all your child’s spending in an easy-to-read dashboard.
  • Save: Gain quick snapshots of your child’s savings and helpful tips on how to save even more. Set up savings buckets and save for the things that you want.
  • Learn: With the help of Copper’s team of financial literacy experts, gain bite-sized tips on how you can maximize your money and prepare yourself for your financial future.

The basic Copper account includes the above banking features. With Copper + Invest, your child also gets access to automatically curated smart portfolios built with their preferences in mind. Your child is given a questionnaire that helps Copper determine a portfolio based on their age, income, net worth, investment objective(s) and investment horizon. Copper then recommends one of three ETF portfolios—Moderately Aggressive, Aggressive, and Extra Aggressive—made up of thousands of stocks. Parents can review the portfolio to ensure it matches with not just your child’s preferences, but your family’s. (Portfolios can be changed later on by accessing the Support chat.)

Your child can begin investing for as little as $1, then add more contributions down the road. Copper will automatically rebalance the portfolio as needed to make sure it always keeps up with your child’s investment preferences.

Copper is available to kids 6 years and older. Read more in our Copper Banking review.

 

3. Revolut <18 (Best for Parent-Paid Bonuses)


revolut under 18 signup

Revolut <18 is a prepaid debit card for kids designed to teach them money skills for life. Aimed at building healthy money habits from an early age, the unique, customizable card empowers parents to have full insight into their kids’ card activity through providing instant spending alerts and parental controls.

You can choose to freeze the card, set controls on how they use the cards online and with contactless payments through your Revolut app. Further, you can set spending limits on how much your child can use with the prepaid card.

Parents use the card and accompanying app to teach kids about earning, budgeting, saving and even investing money (depending on the plan chosen). You can also use the card to manage chores and allowance, set savings goals as a family and help your children manage their money.

And if your child did something deserving of a reward? You can send parent-paid bonuses when they complete specific tasks. Simply add money to their digitized piggy bank through the app. You can send and receive money in seconds through Revolut’s Payments feature, which allows instant transfers between account holders and also global transfers at transparent rates.

Of note: You must have a personal Revolut account before you can open a Revolut <18 account for your children. You can add up to five Revolut <18 accounts per parent account.

To learn more about Revolut <18, consider visiting their site and opening an account for yourself and your child.

 

4. FamZoo (Best for Financial Education)


famzoo sign up

  • Available: Sign up here
  • Price: Free trial. Then $5.99/mo., $25.99/6 mos., $39.99/12 mos. or $59.99/24 mos. (all per family)

FamZoo is another service for parents interested in opening prepaid debit cards to manage their children’s spending.

Parents can fund a FamZoo account through numerous routes, including bank transfers, Direct Deposit, even cash. Typically, parents will load their primary funding card, then they will transfer those funds onto their kids’ cards. But you do have the option of directly funding kids’ cards.

There are plenty of safety features, too. And there’s no risk of having your bank account information stolen from FamZoo—because FamZoo never asks for it. Adults can monitor transactions, you can temporarily lock and unlock cards, and you can set up real-time alerts for card activity and remaining balances.

After a free trial, this app costs $5.99 per month, but the price goes down if prepaid in advance.

However, FamZoo rates as our top education choice because of its robust financial education library. Many of the functions have financial literacy in mind, too. For instance, payment checklists teach kids the value of a dollar by tying chores and odd jobs to rewards and penalties.

Spend, Save, and Give accounts separate funds into different purposes. And with “Parent-Paid Interest,” you can teach your kids the power of compound interest over time.

FamZoo has no minimum age requirements but recommends starting earlier rather than later.

 

What Is GoHenry?


gohenry logo large left

GoHenry is a debit card company that originated in the United Kingdom but soon expanded to the United States. The company offers a feature-rich prepaid debit card and app that lets an adult link their bank account to a GoHenry child’s account. Once the account is loaded with money, the adult can receive transaction notifications, set spending limits on the debit card, and even administer allowance payments.

This kid money management app helps develop a child’s financial literacy, from when they start earning “pocket money” (allowance, on this side of the pond) to when they get a job during their teenage years. In fact, GoHenry is designed to grow with the child and even offers customizations that allow them to reflect their unique personality.

Users should know that the company was acquired in 2023 by Acorns—a popular investing app for young adults who invest spare change through Round-Ups and recurring investments. However, for now, it still operates as GoHenry, and as of this writing, I’ve seen no announced changes that would suggest it will stop operating as normal.

GoHenry Overview


gohenry signup acorns new

  • Available: Sign up here
  • Price: 30 days free. Individual: $4.99/child/mo. Family: $9.98/mo. for up to 4 children

I think of GoHenry as more than just a way to spend—it’s a financial solution for minors that includes an account, prepaid debit card, app, even financial lessons. Parents are given an online account that’s linked to, and allows them to oversee and manage, individual accounts for each of their children via both the GoHenry app and the online account portal.

Each child will receive their own GoHenry debit card; you can choose from 45 different designs or create your own customized card for $4.99. And each card is governed by parental controls you can set for your children.

What I like about GoHenry is that kids can only spend whatever money is available on the card. That means parents don’t have to worry about costly overdraft fees or their kids running up a debt.

When you open a GoHenry account, you should receive your children’s debit cards in the mail seven to eight business days later. Once you do, you can set up events and controls, including:

  • Automatic weekly allowance transfers into your children’s accounts
  • Real-time spending alerts
  • One-off or weekly spending limits
  • Choosing the stores where your kids can shop

You can even block and unblock the card as needed from your parent account. So, let’s say your child has lost their card—you can block any expenditures on it until it’s found, then unblock it once it’s back in your child’s care.

GoHenry has no minimum age requirements but recommends starting at age 6 or older. Your child will be able to do plenty with the card from the onset—and plenty more as they grow up to be teens. Not only can they receive an allowance, but they can also get paid by employers through their account. They can use that money to reach savings goals or shop within the limits you’ve set. Your teen can even receive money from (or send money to) friends!

With time, a combination of your parental guidance and the app’s features should help your kids develop good money habits around earning, saving, spending, and giving.

But GoHenry really sticks out to me as one of the best prepaid debit cards for kids because of their customer service. They offer everyday phone availability, email access, and social media engagement, ensuring users can solve their problems quickly and with little hassle.

Read more in our GoHenry debit card review.

 

GoHenry Alternatives: FAQs


questions and answers large

Should you give your kid a debit card or open a bank account?

A lot of parents like to start out with savings accounts for their children because it limits their ability to spend. With a children’s bank account, your kid usually will be limited to withdrawing cash in person or at an ATM, but they won’t be able to spend money at stores or online.

That said, many kid-focused debit cards and connected apps provide some functions similar to children’s savings accounts, but they go a step above—not just allowing your child or teen more spending flexibility, but also allowing you to set up the parental guardrails you need.

What happens if my child loses a debit card?

Years ago, the thought of your child losing a debit card would be enough to make you shriek.

Thankfully, financial technology has made the consequences much less severe.

Even traditional banks allow you to quickly shut down debit cards over the phone or via an app. But kids’ debit cards are keenly aware of how often children can lose things, so many have made it super-simple to lock (and unlock) child accounts and replace their cards.

Typically, the lock/unlock feature is free, but card replacement fees will vary by provider. GoHenry, for instance, will let you replace a card with the same design for free, but you will need to pay $4.99 for a replacement card with a different design.

About the Author

Riley Adams is the Founder and CEO of WealthUp (previously Young and the Invested). He is a licensed CPA who worked at Google as a Senior Financial Analyst overseeing advertising incentive programs for the company’s largest advertising partners and agencies. Previously, he worked as a utility regulatory strategy analyst at Entergy Corporation for six years in New Orleans.

His work has appeared in major publications like Kiplinger, MarketWatch, MSN, TurboTax, Nasdaq, Yahoo! Finance, The Globe and Mail, and CNBC’s Acorns. Riley currently holds areas of expertise in investing, taxes, real estate, cryptocurrencies and personal finance where he has been cited as an authoritative source in outlets like CNBC, Time, NBC News, APM’s Marketplace, HuffPost, Business Insider, Slate, NerdWallet, Investopedia, The Balance and Fast Company.

Riley holds a Masters of Science in Applied Economics and Demography from Pennsylvania State University and a Bachelor of Arts in Economics and Bachelor of Science in Business Administration and Finance from Centenary College of Louisiana.