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GoHenry Review: A Comprehensive Review of the GoHenry Kids' Banking App

What is GoHenry?

GoHenry is a digital banking app designed specifically for children and teenagers between the ages of 6 and 18 years old. Its primary goal is to help young people develop healthy financial habits by providing them with a secure, easy-to-use banking solution. The app comes with a prepaid debit card and an accompanying mobile app, which enables parents and guardians to set boundaries and teach their children essential money management skills.

How Does GoHenry Work?

The GoHenry banking app offers a three-step approach to help empower today's digital-savvy young generation in managing their money responsibly:

Step 1: Sign up and create an account
Parents or guardians start by creating a GoHenry account and ordering a personalized debit card for their child. There are several card designs available for kids to choose from, making it a fun and customizeable experience.

Step 2: Load money onto the debit card
Parents can easily transfer money onto their child's GoHenry debit card through the app. This can be done through convenient one-time transfers or by setting up regular allowances, which can be helpful in automating the process.

Step 3: Teach and manage through the app
The GoHenry app puts the control in the hands of parents, who can set limits on their child's spending, restrict access to certain types of merchants, and monitor transactions. Additionally, the app has a built-in task and chore management system where parents can assign chores and reward children with monetary incentives upon completion of their tasks.

Key Features

The GoHenry banking app comes packed with a variety of features aimed at helping young people navigate their finances. Some of these key features include:

Parental Controls
The app enables parents to set spending limits, control where the card can be used, and view real-time transaction updates. Alerts can also be set up so that parents are notified when their child’s card is used.

Customizable Debit Card
GoHenry offers a range of card designs for kids to choose from, allowing them to personalize their banking experience.

Tasks and Chores Management
Parents can assign tasks and chores to their children through the app and provide monetary rewards upon completion. This helps teach responsibility and instill the value of earning money.

Savings Goals
Children can set up their own savings goals within the app, giving them a sense of accomplishment as they work towards the goals and save money.

Instant Money Transfers
Parents can quickly transfer money to their child’s GoHenry card in just a few taps, making it ideal for emergency situations or last-minute spending requirements.

Real-time Transaction Monitoring
Both parents and children can view real-time transactions, making it easy to track spending and identify unauthorized purchases.

Security Features
The GoHenry app employs advanced security measures, including biometric authentication, 3D Secure technology, and 128-bit encryption to ensure that your child's financial information remains safe and secure.

GoHenry Pricing

GoHenry offers a transparent and affordable pricing model. Here's a breakdown of GoHenry's fees:

  • Monthly Fee: GoHenry charges a monthly fee of $3.99 per child, which covers account maintenance, customer support, and app usage. Parents are not charged a separate fee.
  • Card Replacement Fee: If your child loses their GoHenry debit card or a replacement is needed for any reason, there is a $4.99 fee for each replacement.
  • Custom Card Fee: For a more personalized card design, you can opt for a custom card for a one-time fee of $4.99.
  • ATM Fee: GoHenry is part of the Visa network, which means you may incur a $1.50 fee for each withdrawal made from non-GoHenry ATMs.

Pros and Cons of GoHenry

To help you make an informed decision about whether GoHenry is right for your family, here's an overview of the app's pros and cons:

  • Ease of use for both parents and children, making it convenient to teach kids about money management.
  • Real-time transaction monitoring and account alerts, enabling parents to stay informed about their child's spending habits.
  • Customizable debit card designs that can make the banking experience more engaging for children.
  • Comprehensive parental controls, allowing you to set spending limits, manage tasks, and monitor transactions.
  • No credit checks are required to sign up, making it accessible to a wide range of families.
  • FDIC-insured up to $250,000, ensuring that your child's money is safe and secure.

  • Monthly fee, which can be a drawback for some families.
  • Limited to children aged 6 to 18, so it may not be suitable for those who fall outside of this age range.
  • ATM fees for non-GoHenry withdrawals, which may be inconvenient for users who do not have access to a GoHenry ATM nearby.
  • No interest is earned on balances held within the GoHenry account.

Alternatives to GoHenry

If you are considering other options for children's banking solutions, here are three alternatives:

1. Greenlight
Greenlight is a popular children's banking app that offers similar features to GoHenry, including customizable debit cards, money transfers, parental controls, and real-time transaction monitoring. Greenlight also provides an interest-earning savings account and the ability to invest in stocks, making it a more comprehensive financial education platform.

2. FamZoo
FamZoo is another children's banking app that provides a prepaid debit card, money transfers, and parental controls. FamZoo's unique selling point is its emphasis on financial education, offering resources and quizzes to help teach children about money management and personal finance.

3. Current
Current is a fintech company that offers both adult and teen banking solutions. Their teen checking account comes with a customizable debit card, real-time transaction alerts, parental controls, and instant money transfers. Current also offers a savings feature called "savings pods," where teens can set up multiple savings goals.


Ultimately, GoHenry is a user-friendly and comprehensive banking solution designed to help parents teach their children about responsible money management. The app boasts a range of features, such as customizable debit cards, real-time transaction monitoring, parental controls, and chore management, which make it an appealing choice for families looking to instill financial discipline in their children.

However, it's essential to consider the recurring monthly fee and evaluate whether GoHenry's offering justifies the cost. If you're looking for a more feature-rich platform, alternatives like Greenlight and Current may be worth considering.

Weighing the pros and cons and considering your family's specific needs and goals are crucial steps in determining if GoHenry is the right fit to help your children develop healthy financial habits.

Follow @JalingoHQ on twitter.

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