Acorns Early (formerly GoHenry) vs Varo Bank
Acorns Early (formerly GoHenry) is a good banking app with fun educational content. How does it compare to Varo Bank? Read our comparison chart below.
Visit Site | Learn More | |
Acorns Early (formerly GoHenry) | Varo Bank | |
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Acorns Early Kids' Debit Card - | Varo Bank Account - | |
Benefits and Features | ||
Savings | Create savings goals; No APY (parent-paid interest only) | 3.00% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account. |
Checking | Debit card up to 4 kids (Family Plan); 1 debit card (Individual Child) | No monthly service fee; no minimum balance; no overdraft fees |
Monthly Fee | Individual Child - $5 per month Family Plan - $10 per month | |
Kids Debit Card | ||
Minimum Deposit to Open | ||
Mobile App | ||
ATMs | No fee for either domestic (US) or international ATM use. ATM owners may charge a fee. | over 55,000 fee-free AllPoint ATMs |
CreditDonkey® Reviews | ||
Savings | ||
Minimum Deposit | ||
Checking | ||
Price | ||
Mobile App | ||
Customer Service | ||
Ease of Use | ||
Education | ||
Pros & Cons | Pros:
| |
Bottom Line | Good banking app with fun educational content... | |
Visit Site | Learn More | |
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Acorns Early (formerly GoHenry): Pricing information from published website as of 11/30/2024. Varo Bank: Pricing information from published website as of 11/26/2024. |
Acorns Early Kids' Debit Card
- Real-time spend notifications.
- Block and unblock cards easily.
- Teach financial independence safely.
Acorns Early Debit Card for Kids and Teens
- For kids ages 6-18
- Customize chores and allowance
- Set spending controls and limits
- $5/mo per child
Acorns Early Debit Card for Kids 6-18
- Over 2 million members
- Customize chores and allowance
- Full parental controls - monitor transactions, set spending limits, block unsafe merchants
- Teach kids financial responsibility safely
- 30 days free; then $5/mo per child