Gohenry Review
Get your kids money savvy with gohenry – the secure, easy-to-use prepaid card and app for kids.
Let’s take a look at the GoHenry app, a clever little platform and debit card for kids, digging into what it is, what features it offers, and whether it’s worth checking out for parents looking to start their kids on a financial education journey.
Gohenry is a personal finance app designed to help parents teach their children about money management.
It’s a prepaid debit card and app that allows parents to set up a secure account for their children, and manage their spending and saving. The innovative app provides a safe and secure way for children to learn about money management, while giving parents peace of mind – allowing parents to set up a budget for their children, and monitor their spending in real-time. Parents can also set up automatic top-ups, and set spending limits and restrictions.
The app also provides educational tools to help children learn about budgeting, saving, and responsible spending.
GoHenry also offers a rewards system, which allows children to earn rewards for responsible spending.
All of these features make gohenry a great tool for teaching children about money management in a safe and secure way.
GoHenry is a personal finance app designed to help parents teach their children about money management. It is a prepaid debit card and app that allows parents to set up a secure account for their children, and manage their spending and saving.
The app is designed to help children learn how to manage their money responsibly. Parents can set up a secure account for their children, and manage their spending and saving. They can set up a weekly allowance, and can also set up rules for their children to follow, such as setting a spending limit or blocking certain types of purchases. Parents can also monitor their children’s spending and saving, and can receive notifications when their children make a purchase.
GoHenry also allows parents to set up savings goals for their children, and to track their progress. Parents can also set up a ‘family account’, which allows them to transfer money to their children’s accounts, and to receive money from their children.
The app also has a range of features designed to help children learn about money management. These include a budgeting tool, which helps children to track their spending and saving, and a ‘savings challenge’, which encourages children to save money.
Pros
- Easy to Use:
GoHenry is an easy-to-use app that makes managing your finances simple. It has a straightforward interface that makes it easy to set up and manage your account. You can easily add money to your account, set up spending limits, and track your spending. - Secure:
GoHenry is a secure app that uses bank-level security to protect your data. All transactions are encrypted and your personal information is kept safe. You can also set up two-factor authentication to add an extra layer of security. - Parental Controls: GoHenry allows parents to set up spending limits and monitor their children’s spending. Parents can also set up tasks and rewards for their children to encourage them to save money.
- Budgeting Tools:
GoHenry has a range of budgeting tools that make it easy to track your spending and set up a budget. You can set up spending limits and track your progress towards your financial goals. - Savings Accounts:
GoHenry offers savings accounts that allow you to save money and earn interest. You can set up automatic transfers to your savings account to help you reach your financial goals. - Education: GoHenry offers educational resources to help users learn more about personal finance. They have articles, videos, and quizzes to help kids learn and understand how to manage their money.
- Free Trial:
GoHenry offers a free trial so you can try out the app before committing to a subscription. This allows you to see if the app is right for you before you make a purchase.
Cons
- High Fees:
GoHenry charges a monthly fee of £2.99 per child, which can add up quickly if you have multiple children. This fee is in addition to the cost of the card, which is £4.99. This can be a significant expense for families with multiple children, and may be too expensive for some. - No Interest:
GoHenry does not offer any interest on the money that is stored in the account. This can be a major limitation for those who want to earn interest on their money, as they will need to use a different payment method. - No Rewards:
GoHenry does not offer any rewards or cashback for using the card. This can be a major limitation for those who want to earn rewards or cashback, as they will need to use a different payment method.
GoHenry is a prepaid debit card and app designed to help parents teach their children about money management. It’s a great way to give children the freedom to make their own purchases, while still having control over their spending.
GoHenry’s pricing structure is simple and straightforward. There is a one-time setup fee of £3.99 per child, and then a monthly subscription fee of £2.99 per child. This subscription fee covers the cost of the card, the app, and all the features that come with it.
The card itself is free, and there are no additional fees for using it. You can use it to make purchases in-store, online, and abroad, and there are no transaction fees. You can also withdraw cash from ATMs, but there is a fee of £1.50 per withdrawal.
GoHenry also offers a range of additional features, such as setting up allowances, setting spending limits, and setting up savings goals. These features are all included in the monthly subscription fee.
GoHenry Pricing Structure
Setup Fee: £3.99 per child
Monthly Subscription Fee: £2.99 per child
Transaction Fees: None
ATM Withdrawal Fee: £1.50 per withdrawal
With no transaction fees and a fairly low monthly subscription fee, it’s a decent way to give children the freedom to make their own purchases, while still having control over their spending.
GoHenry is a popular app for parents to manage their children’s finances, but there are other options available. Here, we’ll look at some of the alternatives to GoHenry and how they compare:
RoosterMoney
RoosterMoney is a great alternative to GoHenry. It allows parents to set up an allowance for their children and track their spending. It also has a feature that allows parents to set up savings goals for their children and track their progress. The app also has a rewards system, which encourages children to save and spend responsibly.
Greenlight
Greenlight is another great alternative to GoHenry. It allows parents to set up an allowance for their children and track their spending. It also has a feature that allows parents to set up savings goals for their children and track their progress. The app also has a rewards system, which encourages children to save and spend responsibly. It also has a feature that allows parents to set up a debit card for their children, which can be used to make purchases online or in stores.
Current
Current is another great alternative to GoHenry. It allows parents to set up an allowance for their children and track their spending. It also has a feature that allows parents to set up savings goals for their children and track their progress. The app also has a rewards system, which encourages children to save and spend responsibly. It also has a feature that allows parents to set up a debit card for their children, which can be used to make purchases online or in stores. It also has a feature that allows parents to set up a checking account for their children, which can be used to make deposits and withdrawals.
All of the GoHenry alternatives mentioned above offer similar features, such as the ability to set up an allowance and track spending, set up savings goals, and offer rewards. However, GoHenry does have some unique features, such as the ability to set up a debit card and checking account for children.
Ultimately, the best app for you will depend on your individual needs and preferences.
Overall, GoHenry is a great way for parents to help their children learn about money management. It is a secure and easy to use app, and it has a range of features designed to help children learn about budgeting and saving. It is a great way for parents to help their children become financially responsible.
If you are looking for a personal finance app that is available in other countries, then you may want to consider an alternative – but for UK users, GoHenry is a great option for teaching your children about money management.
