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FamZoo vs Greenlight

FamZoo is a good value family finance app with robust features. How does it compare to Greenlight? Read our comparison chart below.

FamZoo is a virtual family banking app. It has more features than other similar apps, though there's no investing. Some unique features include IOUs, informal loans, first dibs chores, and parent-paid interest plans. The base cost is $5.99/mo per family, but you save more if you prepay.

While 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 $5.99 - $14.98 per month for up to 5 kids.

Compare FamZoo with Greenlight, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

 FamZooGreenlight
 Visit SiteVisit Site
 

FamZoo

Greenlight

SPECIAL OFFER
FamZoo Prepaid Card for Kids and Teens - Learn More

Read FamZoo Review

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

 

Benefits and Features

Minimum Age
No minimum age requirement
No minimum age requirement
SavingsParents can set up a custom interest rate to encourage kids saving2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family
CheckingPrepaid debit cards for multiple kidsDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases
Monthly Fee$5.99 per month, OR
$25.99 for 6 months
$39.99 for 12 months
$59.99 for 24 months
  • Greenlight Core: $5.99 per month
  • Greenlight Max: $9.98 per month
  • Greenlight Infinity: $14.98 per month
Kids Debit Card
Check
Check
Minimum Deposit to Open
$0
$1
Mobile App
iOS & Android
iOS & Android
ATMsAny ATM, but the ATM owner may charge a fee.Any ATM with a Mastercard, Visa Interlink or Maestro name or logo. But the ATM owner may charge a withdrawal fee.
 

CreditDonkey® Reviews

 FamZooGreenlight
Minimum DepositStarStarStarStarStarStarStarStarStarStar
PriceStarStarStarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarEmpty StarEmpty StarEmpty Star
Ease of UseStarStarStarStarEmpty StarStarStarStarStarStar
EducationStarStarStarStarStarStarStarStarStarStar
SavingsStarStarStarStarHalf Star
CheckingStarStarStarHalf StarEmpty Star
Pros & ConsPros:
  • One price for entire family
  • No bank account needed
  • Up to 60 day free trial
Cons:
  • No ATM network
  • No investing
  • App is dated
Pros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • Can't deposit physical cash
  • Difficult to close account
Bottom LineGood value family finance app with robust features... Read full reviewSolid financial literacy app and debit card for kids... Read full review
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FamZoo Prepaid Card for Kids and Teens

FamZoo: Pricing information from published website as of 05/01/2022

FamZoo Prepaid Card for Kids and Teens

FamZoo Prepaid Card for Kids and Teens

  • Order Online
  • No Credit Check
  • Try for Free
Your funds will be held at SouthState Bank, an FDIC-insured institution
Greenlight

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). $9.98/month for Greenlight Max. $14.98 per month for Greenlight Infinity.
Your funds will be held at Community Federal Savings Bank, an FDIC-insured institution.
Greenlight Debit Card for Kids

Greenlight Debit Card for Kids

  • Debit cards for up to 5 kids per family
  • No hidden fees - no ATM fees, overdraft fees, foreign transaction fees, or trading fees
  • Earn cashback and up to 5% savings rewards
  • Customize chores and allowance
  • Set spending limits and block unsafe merchants
  • Starts from $5.99/mo

Which is Better: FamZoo or Greenlight?

Still need help deciding which kids debit card is better? Read the in-depth reviews below. You may also be interested in comparing FamZoo or Acorns Early (formerly GoHenry).

In short: FamZoo's customer service is excellent. Greenlight's mobile app and ease of use are noteworthy. In particular, the ease of use is impressive.


Articles on FamZoo

FamZoo

FamZoo is a virtual family bank offering prepaid debit cards for kids. But is it worth the monthly fee? Find out how it stacks up in this review.

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.

Which Do You Think is Best?


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