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Greenlight vs Robinhood

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to Robinhood? Read our comparison chart below.

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.

While Robinhood offers $0 stock trades by cutting out physical offices and manual account management. Only basic stock trading can be performed on the mobile app. There is no minimum deposit or maintenance fee, though there is an optional paid premier customer tier starting at $5/month.

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

 GreenlightRobinhood
 Visit SiteVisit Site
 

Greenlight

Robinhood

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

OFFER
Get a Free Stock (worth between $5 and $200) - Learn More

Read Robinhood Review

 

Benefits and Features

Savings2% savings reward (3% for Greenlight Max, 5% for Greenlight Infinity) on an average daily savings balance of up to $5,000 per family 
Stock Trading 
$0
Options Trading 
$0
Annual Fee
  • Greenlight Core: $5.99 per month
  • Greenlight Max: $9.98 per month
  • Greenlight Infinity: $14.98 per month
None
Minimum Deposit
$1
$0
CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases 
Mutual Fund Trading 
No
Kids Debit Card
Check
 
Banking Offers Robinhood spending account with Robinhood Cash Card issued by Sutton Bank
Mobile App
iOS & Android
iOS & Android
Forex Trading 
No
Futures Trading 
No
 

CreditDonkey® Reviews

 GreenlightRobinhood
SavingsStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStarStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty Star
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Customer ServiceStarStarEmpty StarEmpty StarEmpty StarStarStarStarStarEmpty Star
Ease of UseStarStarStarStarStarStarStarStarStarStar
EducationStarStarStarStarStar
Stock TradingStarStarStarStarStar
Options TradingStarStarStarStarEmpty Star
Commissions and FeesStarStarStarStarStar
ResearchStarEmpty StarEmpty StarEmpty StarEmpty Star
Pros & ConsPros:
  • Great parental controls
  • Teaches money management for kids
  • Excellent education and savings tools
Cons:
  • Can't deposit physical cash
  • Difficult to close account
Pros:
  • Commission-free trades
  • No minimum
  • Extended trading hours
Cons:
  • Limited research
  • No mutual funds & bonds
Bottom LineSolid financial literacy app and debit card for kids... Read full reviewFree way to trade stocks with limited bells and whistles... Read full review
 Visit SiteVisit Site

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Robinhood: Pricing information from published websites as of 01/25/2025.

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
Robinhood

Commission-Free Trades

Trade stocks, funds, options, and cryptocurrencies

Robinhood

Buy and Sell Cryptocurrency

Robinhood Crypto offers commission-free cryptocurrency investments 24/7. Some of the cryptocurrencies available are Bitcoin, Dogecoin, Ethereum, and Litecoin. This offer is currently available to selected states.

Which is Better: Greenlight or Robinhood?

In short: Robinhood's customer service is noteworthy.


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 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.

Articles on Robinhood

Robinhood

Robinhood lets you trade stocks commission-free and has no account minimums. Is it safe? Are there hidden fees? Read on for the pros and cons.

Robinhood Alternatives

Looking for apps like Robinhood but with a twist? Find the best alternatives with superior features. Do better in online trading with these apps.

Robinhood Free Stock

Robinhood offers a promo to get up to $1,700 in your first year. But how does it work, and is it worth your time?

Robinhood 24/7 Trading

Unfortunately, Robinhood doesn't offer 24/7 trading. Luckily, it comes close: 24/5. Does it fit you and your trading style?

Robinhood vs Fidelity vs Vanguard

Robinhood, Fidelity, and Vanguard are great options if you're looking for an investment platform to grow your money. But which one is right for you?

Robinhood vs Public vs Webull

Robinhood, Public, and Webull are all great options for growing your money. But which one will suit you the most?

Fidelity vs Webull

Robinhood, Webull, Fidelity - three big investing platforms, but which is best for you? Find out in this detailed comparison guide.

Robinhood IRA Review

Robinhood offers some of the most unique IRAs on the market. But are they any good? Read on to find out.

Is Robinhood Safe

Are you worried about the safety of your investments? Let's examine the security features of Robinhood to determine if it's a reliable choice. Read on.

How Does Robinhood Make Money

Robinhood earns money through payment for order flow, interest rates, and subscriptions. Learn how these factors contribute to Robinhood's success.

Buy Bitcoin on Robinhood or Coinbase Pro

Robinhood and Coinbase Pro are two of the biggest names in retail investing and crypto trading. But which is best for buying Bitcoin?

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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