GoHenry: Banking for Under-18s

Editor's Review

GoHenry by Acorns is the ultimate debit card and banking app designed to empower kids and teens aged 6-18 with essential financial skills! 💰 This innovative app combines learning and real-world practice, helping young people master earning, saving, and smart spending. With features like automated allowance, task lists, and engaging educational quizzes and videos, GoHenry makes financial literacy fun and accessible. 🚀

Kids get their own debit card to practice these skills in the real world, while parents maintain oversight with flexible parental controls. It’s no wonder 92% of parents report their children are more money-confident after joining GoHenry! 🌟

Key benefits include:

• Automated Allowance: Teach budgeting skills early.
• Savings Goals: Encourage saving habits with child-led goals.
• In-App Task Lists: Reward completed chores to teach the value of earning.
• Bite-Sized Lessons: Boost financial literacy with Money Missions.
• Prepaid Card: Practice real-world money skills.

Parents also enjoy benefits like quick transfers, spending visibility, and flexible controls. Teens gain independence with features like bill splitting, direct deposits, and compatibility with Google Pay™. 📱

Get started in just a few simple steps: sign up, download the app, set up allowance and chores, and activate the card when it arrives! 🎉

Features

• Automated allowance for budgeting skills

• Savings goals with parental controls

• In-app task lists for earning rewards

• Money Missions for financial literacy

• Prepaid card for real-world practice

• Fee-free overseas transactions

• Spending tracker to manage cash flow

• ATM withdrawal accessibility

• Quick and easy money transfers

• Spending visibility with notifications

• Flexible spending controls for parents

• Giftlinks and Relatives accounts for easy gifting

• Insights and tips for parents

• Charitable donations in-app

• Bill splitting with friends

Pros

• Automated allowance to teach budgeting skills

• Child-led savings goals with parental controls

• In-app task lists to teach the power of earning

• Financial literacy boosted with Money Missions

• Prepaid card for real-world practice

• Fee-free transactions overseas for family holidays

• Real-time spending notifications for parents

• Flexible parental controls for peace of mind

• Family & friends can easily send money

• Tips for financial education in Parent Space

Cons

• Requires a parent or guardian to sign up

• GoHenry is not a bank