GoHenry Kids Debit Mastercard®
Financial learning app and debit card for teens, kids and parents
Updated: Jan 21, 2025
GoHenry is a fintech company offering a Mastercard debit card for kids and a financial learning app. A group of parents formed it in 2012 to teach their children how to manage their own money and avoid debt. Consumers met the innovative idea of teaching children money responsibility on real-life examples with enthusiasm and support. As a result, the company has more than two million members across the USA, and the UK. The main feature of the GoHenry debit card for kids is that children aged 6-18 can use it. Of course, their parents monitor their accounts, but they give the children the necessary freedom and responsibility to manage the available funds independently.
ANNUAL FEE
See Terms
ONGOING APR
0% Fixed
INTRO APR
N/A

at GoHenry's Secured website
Apply NowApplication Fee
$0
Credit Reporting
No
Recommended Credit Score
Accepts All
Key Features
- 30 day free trial
- The debit card & app that helps kids learn about earning, saving, spending, giving, and more
- Set tasks and kids get paid when they're done, or set up weekly allowance transfers
- Kids can choose from 45+ designs and personalize their debit card
- Log into companion apps for parents, kids, and teens, with features tailored to the children's age
- Access in-app learning with brand new stories and bite-sized lessons for ages 6-18
- Get real-time notifications, set spending controls, and instantly lock and unlock the card
- The GoHenry card is issued by Community Federal Savings Bank, Member FDIC
- Accounts are FDIC-insured up to $250,000
Our Take
Unlike other children’s accounts, GoHenry Kids Debit Mastercard and app allow parents to track their kid’s spending activities first-hand. That enables parents to fully understand their children’s financial habits and intervene on time when necessary.
GoHenry Kids Debit Card is Best for
- Parents looking for a reliable financial platform for their children
- Teaching children the importance of money responsibility
- Accelerating learning with in-app Money Missions
- Tracking kids’ real-time spending
- Having a personalized card with customizable features
What Are GoHenry Mastercard Advantages?
This debit card for teens comes with numerous advantages for its users. Let’s go over some of the most important.
Free trial
With this card’s one-month free trial feature, you can access and experiment with all the available features for an entire month. If you like the service, you can begin paying the membership fee starting from the second month. The monthly membership fee is withdrawn from the attached debit card or the parent account.
Tracking spending
If you’re curious about what your kids spend their weekly or monthly allowance on, this platform will provide you with all the answers. It notifies parents about where and how much money their children spent, so tracking your kids’ spending with this Mastercard is a piece of cake.
App notifications & spending limits
Closely related to the previous point, the platform sends real-time app notifications. Besides helping parents track their kids’ spending, the app notifications are an easy and helpful way to find out where your children are once they head out.
The primary purpose of this account is to provide parents with the tools they need to nurture their kids’ healthy money habits. The parent account provides transparency into where your kid spends their money, and parents can set spending limits to manage their children’s finances seamlessly.
Automatic payments
Stop thinking about whether your children received their weekly allowance or not. With this platform, you can easily set up automatic payments and repeat them for as long as possible. Whether you want to automate your daily, weekly, or monthly payments, you will have all the customizable tools and features necessary to complete payment automation quickly.
No overdrafts
Most parents worry about overdraft fees and expenses once they get their kids a credit or debit card. However, that’s not the case with the GoHenry Mastercard. The company automatically declines transactions that the existing balance can’t cover, so there’s no way to spend more money than on the account.
Money Missions
Being financially conscious is highly important, and this fintech company understands that. That’s why children can find many interactive tools that will help them learn more about spending, saving, investing, and borrowing. Cardholders can educate themselves on the financial basics and earn valuable points, from fun videos to unique quizzes.
Custom tasks & saving goals
Completing chores and tasks for a small sum is the most popular method of educating children on the correlation between work and earning. You can now implement this feature in this company’s mobile app. Namely, you can set up one-time or repeating chores and tasks your children must complete. Each task can have a different payout amount you can transfer once you or your kid mark it complete.
Set unlimited saving goals and work together with kids to plan future purchases.
Co-parenting
The mobile app is helpful even if you’re co-parenting. Co-parenting can be less complicated and more streamlined since you can add more separate funding sources.
Does GoHenry Debit Card for Kids Have any Disadvantages?
Yes. Although the GoHenry Mastercard for kids has some of the most impressive features, it still isn’t perfect. Here are some of the disadvantages you should consider before applying for this kid’s debit card and app.
Monthly fee
After the first free month, the monthly fee for using the services is $4.98 per child or $9.98 for Family Plan. While the monthly fee exists, the GoHenry cost isn’t very high compared with other similar apps.
Limited daily load
Parents using this service are limited to $500 a day for financing their subaccounts. In addition to the maximum daily load, only three per day are available, so parents might need to plan their payments to get the most out of them.
Limited subaccounts
One parent account can have only four subaccounts. While having four accounts for children is enough for most families today, that’s not the case for larger families. Therefore, if you have five kids or more, you need to open an additional primary account.
Call to cancel
Although the app’s primary purpose is to help children aged 6-18 manage their spending, your kids can still use the platform after they turn 18 but only until their card expires. Canceling the account requires parents to call customer support and avoid unnecessary membership fees. Being unable to do it online or in the app may not be very convenient.
How Much Does GoHenry Cost?
GoHenry only costs $4.99 per month, including a card for children, a free downloadable parent app, and fun incentives for kids to earn, save, and give.
FREE TRIAL | Individual Plan | Family Plan |
---|---|---|
YES | $4.98 per month | $9.98 per month |
All Plans | For 1 child | Up to 4 children |
What Makes GoHenry Mastercard Different
Parents created this debit card for kids with a unique concept in mind, and most of its features are different from other platforms and apps on the market. What makes it different are the 3 following features:
- A single app designed for the whole family, although tools differ for parents, kids, and teens;
- Encouraging children and teens to learn about saving and spending through interactive in-app lessons;
- Providing transparency into children’s spending habits through real-time notifications.
How GoHenry Compares to Other Teen Cards
GoHenry vs Greenlight
These are two popular and competing options for kids and teens to manage their money. Greenlight Mastercard offers 3 plans for the entire family, whereas GoHenry charges a fee of $4.98 per month per child or teen or $9.98 per month per family. When it comes to features, both services offer parental controls, transaction tracking, and educational apps. However, Greenlight has more advanced features such as investing and cashback which makes it a better educational tool for kids. GoHenry is focused exclusively on helping children master money management with banking products such as spending, saving, or giving money. Both services have 30-day free trials available so parents can decide which one is best suited for their family’s needs. Read the full Greenlight Review article.
FamZoo vs GoHenry
GoHenry and FamZoo are both excellent options for families who want to help their kids manage their money. The GoHenry is an affordable entry-level debit card with a great mobile app and a no-cost first month, while FamZoo Debit Card also offers an affordable family plan that includes multiple kids even at the basic level. GoHenry lets parents choose whether the card is used for spending or earning, while FamZoo helps kids learn financial responsibility with its parental controls, transaction limits, and rewards system. Both products have their own strengths, so it’s important to evaluate which one best fits your family’s needs. Read the full FamZoo Review article.
Gohenry Free Alternative
Till Financial is the perfect way to teach kids about money management and financial independence. The app and Till debit card is free, and it’s designed for kids of any age. Parents can easily send money to their kids, and kids can use a debit card to manage their funds with no ATM fees. With direct deposits, parents can also set up regular payments for their kids so they’re always on top of their finances. Plus, Till Financial also offers tons of educational resources to help teach kids about investing and budgeting so they can make smarter financial decisions now and in the future. All in all, Till Financial, is a great way to give your kids financial freedom and the tools they need to make wise spending decisions.
Other Options
Bottom Line
GoHenry is one of the fastest-growing apps and kids debit cards for parents and children. However, it can do much more than provide parents with transparency in tracking their kids’ spending activities. Namely, this platform is the perfect tool for teaching your children the importance of carefully managing their funds. The app offers educational material and numerous helpful videos and quizzes suitable for different ages. The app and the GoHenry Kids Debit Mastercard can serve as your foundation for building a reliable, honest, and healthy relationship with your kids when it comes to finances.
Frequently Asked Questions
Issuer: | Community Federal Savings Bank |
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Network: | Mastercard® |
Category: | Consumer (Stored Value) |
Best Used For: |
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Rewards: | Yes |
Reward Types: |
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Reward Units: | Cash |
Annual Fee: | See Terms |
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Opening Min: | $1 |
Application Fee: | $0 |
ATM Fee: | $1.5 |
Other Fees: |
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GoHenry Kids Debit Mastercard® Alternatives
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APPLY NOW |
Annual Fee See Terms |
Regular APR 0% |
Intro APR N/A |
Rec. Credit Score Accepts All |
GoHenry Kids Debit Mastercard®
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