Is there a monthly fee for GoHenry?

While GoHenry's offerings are robust, they do come at a price: A $4.99 monthly membership fee for each child, or a $9.98 monthly membership fee for families of up to four kids.

Why does GoHenry charge a monthly fee?

10-Nov-2023•gohenry Knowledge

Why do you charge a fee for loading the GoHenry account? We work hard to keep our membership fee and charges affordable. This means delivering a valuable service to our customers, while still covering the charges we incur from our banking providers (and other merchants).

Is there a free version of GoHenry?

Sign up for a free trial and get access to all GoHenry features free for 3 months. After your free trial, your monthly fee will start at £3.99 per child per month. Follow these simple steps: Sign up for your 3-month free trial online and choose your free card.

Is a GoHenry card worth it?

52,000+ 5 star reviews on Trustpilot and the Apple App and Google Play stores worldwide. GoHenry is well worth the small monthly fee for the independence and motivation it has given to my daughter. Worth every penny. Great app and great way for them to save and learn all about better money management.

Does GoHenry charge to take money out?

GoHenry doesn't charge a fee for either domestic (US) or international ATM use, although there may be a fee imposed by the ATM operator at some ATMs.

GoHenry Review: Financial Literacy and Debit Card for Kids

Which is better Greenlight or GoHenry?

Both GoHenry and Greenlight offer prepaid debit cards designed for children to help them learn about managing money. We prefer Greenlight because the basic plan is more cost-effective for families with multiple children. We also like that higher-priced Greenlight plans offer an investing component for families.

Why is GoHenry taking money from my account?

07-Sept-2022•gohenry Knowledge

When the free trial expires, if no request to cancel has been made, the subscription fee is then due. If there's not enough money on the card, the merchant will continue to request the money until the payment goes through.

What's better than GoHenry?

Is there a minimum spend on GoHenry card?

It only takes a minute to set up spending limits in your GoHenry app. If you're happy for your child to use an ATM, you can set spending limits from as little as £5, which is the minimum amount they can withdraw from an ATM. But if you've switched off ATM use, you can set the spending limit as low as you like.

Can I use GoHenry on Amazon?

Can you use your GoHenry card online? As long as your child is within their weekly spending limits, they can use their card online for gaming and several other sites. If they want to buy through large e-commerce sites like Amazon, eBay, Etsy and PayPal, kids ​​can only use these sites with the involvement of a parent.

What bank does GoHenry use?

Our bank. IDT Financial Services is the bank that issues our cards. They also enable us to operate our e-money service within government and industry regulations. IDT is a Visa member and issues our Visa Bank Identification Number and is licensed by the Financial Services Commission.

What is the point of GoHenry?

In the GoHenry app, kids can go on Money Missions. These are financial learning quizzes, videos and interactive lessons on everything from spending wisely to saving and planning for the future. Conquering a new skill means gaining experience points (XP) and badges, so they'll stay motivated and feel accomplished.

Does a GoHenry card build credit?

A prepaid debit card does not build credit as it isn't a credit card. This means that your child's use of a prepaid card will not have any impact on their credit score. Start your kids' money journey today!

Is there a GoHenry card for adults?

Can adults have a GoHenry card? GoHenryis designed specifically for children, and is not available to adults.

How do I pay money into a GoHenry account?

To do this, you'll need to log in on the website or mobile app and then click 'Top-up' on the homepage. Once you've confirmed the amount, click make payment to complete the top up. Account holders get one load per calendar month included in their GoHenry membership.

What is the maximum spending limit on GoHenry?

GoHenry has a default spend limit of £60 per week and £30 per single spend, but you can set your own limits when you activate your child's card. Limits can be changed anytime in your parent app, up to a maximum daily spend limit of £4,000.

Does GoHenry count as a bank account?

GoHenry isn't a bank, but we offer the same functionality you would expect with a traditional high-street bank account. Some of the key differences between GoHenry and a bank account are what we offer: An app with a separate parent and child view. Instant notifications about their child's spending.

Does GoHenry affect your credit score?

There is no credit check when you are setting up your gohenry account. We do not do anything that will show your credit score or have an effect on your score, we simply do identity checks to ensure we comply with the US Patriot Act.

Can a 7 year old have a bank account?

Usually, your child has to be at least 11 years old to open a child account. Some banks have a higher age limit of 16. You may also find that additional features are made available once your child turns 16. Prepaid cards are usually available to children aged 8 and above.

Can grandparents set up a GoHenry account?

It's an option ideal for grandparents and other family members who send your kids money regularly. Using Relatives, families can log into their account, view all the children using GoHenry in their family, and instantly transfer money or send a gift.

Why is GoHenry charging me 50p?

Any additional top-ups will incur a 50p service charge. This 50p fee covers the costs we incur from our payment processing and banking partners. To avoid it, we advise you to top-up your account with enough money to cover weekly allowances and tasks for the following month.

Is GoHenry legit?

Is GoHenry Trustworthy? GoHenry is a legitimate company that offers a debit card and financial app for kids. The educational app helps kids learn how to spend wisely and gain financial independence. With any app geared toward kids, safety is the biggest priority.

Can parents take money out of your GoHenry account?

09-Nov-2023•gohenry Knowledge

You can release money from your child's savings goals at anytime from your GoHenry parent account online or on the mobile app.