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Greenlight vs ZacksTrade

Greenlight is a solid financial literacy app and debit card for kids. How does it compare to ZacksTrade? 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 ZacksTrade offers stock trades starting at $3 per trade, and options trading at $3 + $0.75 per contract. This discount broker is known for its robust research tools. There is an account minimum of $2,500, no maintenance fee, and no inactivity fee.

Compare Greenlight with ZacksTrade, side-by-side.

 Greenlight
 Visit SiteLearn More
 

Greenlight

ZacksTrade

SPECIAL OFFER
Greenlight Debit Card for Kids - Learn More

Read Greenlight Review

Get Up to $150 Transfer Fee Credit - Learn More

 

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 Greater than $1 per share: $0.01 per share, $1 minimum; Less than $1 per share: 1% of Trade Value, $1 minimum
Options Trading $1 for First Contract + $0.75 per additional
Minimum Deposit
$1
$2,500
CheckingDebit card up to 5 kids. Greenlight Max and Infinity plans also earn 1% cashback on purchases 
Mutual Fund Trading $27.50 (Greater than $1 per share)
Kids Debit Card
Check
 
Banking 
No
Mobile App
iOS & Android
Yes, iOS & Android
Forex Trading 
No
Futures Trading 
No
 

CreditDonkey® Reviews

 Greenlight
SavingsStarStarStarStarHalf Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarHalf StarEmpty Star
PriceStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarEmpty StarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
EducationStarStarStarStarStar
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
Bottom LineSolid financial literacy app and debit card for kids... Read full review
 Visit SiteLearn More

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

ZacksTrade: Pricing information from published website as of 07/10/2020

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

Articles on Greenlight

Greenlight Review

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

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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