GoHenry Card: Helps Your Kids Learn About Money

Our review of the GoHenry Card

The GoHenry debit card and financial literacy app is a prepaid debit card and allowance/chore app designed for teens and parents. This comprehensive review will delve into the features, benefits, and drawbacks of the GoHenry program.

Who Is GoHenry for?

GoHenry is not just another debit card with a catchy name. It is specifically designed to help teach kids about finances. The program is suitable for kids aged 6 through 17, with unique materials and guides tailored to each age group. This wide age range showcases the program’s versatility and ability to grow with your children.

How Does GoHenry Work?

GoHenry offers a range of features including savings, checking, direct deposits, split pay, bill pay, money missions, educational videos, financial literacy articles, and goal-setting capabilities. The interactive content, including Money Missions, engages kids in learning financial responsibility in a fun and engaging way.

Full Parental Controls

One of the standout features of GoHenry is its robust parental controls. Parents can set limits on spending by day, week, and month, block specific merchants or spending categories, and apply spending limits for purchases and ATM withdrawals. Additionally, parents can add a second parent to the account for enhanced monitoring and notifications.

Choose from 45+ Card Designs

GoHenry offers over 45 card designs for kids to choose from, including collaborations, sports themes, and other cool designs. Premium card designs are available for a one-time fee of $4.99, allowing kids to customize their card with their name for a personalized touch.

Other Card Features

The GoHenry app also includes FDIC-insured accounts up to $250,000, real-time spending notifications, chip and PIN-protected transactions, secure PIN recovery in the app, and bank-level encryption. Kids benefit from Mastercard debit card protections including Mastercard Global Service, Mastercard ID Theft Protection™, Zero Liability Protection, and Mastercard Airport Concierge™.

What Does GoHenry Cost?

GoHenry plans start at $4.99 per month with a 30-day free trial available. Families with multiple children can opt for the family plan, covering up to 4 kids for $9.98 per month. The fee schedule includes monthly fees, transaction fees, cash reload fees, ATM withdrawal fees, and card purchase fees.

Allowance App Comparisons

Compare GoHenry to other popular kids’ debit card programs such as Greenlight, Current, and BusyKid based on cost, features, and network affiliation.

What We Like About GoHenry

GoHenry allows kids to take ownership of their financial growth by providing hands-on experience in budgeting, saving, and making spending decisions. The app helps young people develop essential financial skills and promotes financial independence through exposure to banking concepts and tools.

Things to Consider

While GoHenry offers numerous benefits, it is important to consider the associated fees and the reliance on technology for the app-based service. Parents should carefully evaluate these factors before deciding if GoHenry is the right choice for their family.

Should You Apply for the GoHenry Mastercard Debit Card for Teens?

Ultimately, GoHenry is a comprehensive and engaging financial education tool for kids and teens. With a focus on fun and interactive learning, robust parental controls, and a range of features, GoHenry is a strong contender for families looking to teach financial responsibility to their children.

Browse Other Offers

Explore alternative options such as the Klutch Card, Current Debit Visa Card, Aspiration Debit Card, and Greenlight Debit Card for additional choices in teaching kids about finances.