GoHenry (gohenry.com) is welcoming new parent customers with a $30 cash bonus (referral link required). You’ll get another $30 cash bonus for every person who uses your unique referral link to claim their welcome reward. See more referral promotions here.
GoHenry is a financial education tool designed to help kids and teens learn money management skills through hands-on experience. With over 2 million members and a strong focus on safety and security, GoHenry has become a popular choice for parents seeking to teach their children about personal finance.
Designed by parents, GoHenry helps kids learn about earning, saving and spending money. You’ll get an online bank account, plus a linked account for each of your children.
GoHenry gives kids their own prepaid cash card, while adult members enjoy advanced parental controls, automatic savings goals, and instant notifications when their child has used their card. Parents can also set up weekly and one-off chores, each with its own payout amount.
You set the rules and spending limits, and your kids get a little independence to manage their money.
- 45+ customizable debit card designs for kids and teens
- Comprehensive app for kids, teens, and parents with custom tools
- In-app lessons and activities to teach financial responsibility
- Chore management with task completion rewards
- Easy-to-set-up weekly transfers for allowances
- Real-time notifications and spending controls for parents
- In-app learning opportunities, including investing and credit education
- 30-day free trial, followed by plans starting at $4.99/month
Pros & Cons
- Interactive and educational in-app lessons
- Customizable debit card designs
- Real-time notifications for spending and account activity
- Built-in chore management system
- FDIC-insured accounts up to $250,000
- Mastercard® Zero Liability Protection
- Bank-level encryption and security features
- Monthly fee after the initial 30-day free trial
- May not be suitable for younger children who are not yet ready for a debit card
GoHenry’s Money Missions: Accelerating Financial Learning
GoHenry’s Money Missions is a unique feature that aims to make financial learning enjoyable and engaging for kids and teens. Through interactive in-app activities and challenges, children can learn essential money management concepts, such as budgeting, saving, and smart spending.
The Money Missions offer age-appropriate content that adapts to the user’s age and financial knowledge, ensuring a personalized learning experience.
Empowering Kids to Give Back: GoHenry’s Charity Integration
GoHenry encourages kids to develop empathy and a sense of social responsibility by integrating charity options directly into the app.
Children can choose to donate a portion of their earnings to various charities, fostering an early understanding of the importance of giving back to their communities. This feature helps to teach valuable life lessons beyond just personal finance, shaping well-rounded individuals with a strong moral compass.
GoHenry’s Giftlinks: A Unique Way for Family and Friends to Contribute
With GoHenry’s Giftlinks, family members and friends can securely send money directly to a child’s GoHenry account.
This feature allows loved ones to celebrate special occasions or support the child’s financial goals without needing to purchase a physical gift. Giftlinks create a more meaningful gifting experience, encouraging kids to save and spend wisely while also providing an opportunity to send thank-you messages through the app.
GoHenry’s Teen Account: Growing with Your Child
Understanding that teenagers have different financial needs than younger children, GoHenry offers a Teen Account tailored to the challenges and responsibilities that come with adolescence.
This account provides more advanced financial education, such as lessons on investing and credit, and allows for increased spending autonomy. By adapting to a teenager’s growing independence, GoHenry’s Teen Account supports their financial journey, equipping them with the skills they need for future success.
A GoHenry subscription costs $9.98 per family (for up to 4 children), and the individual child will be priced at $4.99. Parents that are new to GoHenry can access the platform without paying the monthly fee for their first month.
Beginning from the second month, the membership fee will be withdrawn from the parent account or the attached cash card. Other fees include:
|Foreign transaction fee||2.75%|
|International ATM withdrawal fee||$2|
To sign up for GoHenry, parents must be a U.S. citizen or legal resident, and at least 18 years old. Subaccounts can be made for children from age six to 18. To register for a GoHenry account, you’ll need to provide:
- Your first and last name.
- Your email address and phone number.
- Your date of birth and SSN.
- Your child’s first and last name, as well as date of birth.
GoHenry $30 Welcome Bonus
Get a $30 cash bonus when you use a referral link to open a parent account. To qualify you must enter your child’s information and activate your card. You’ll receive your welcome bonus within minutes. This offer is valid for new users only.
Users are welcome to post your referral details in the comments section below.
Give $30, Get $30 Referral Program
If you refer someone to GoHenry, both you and your friend will receive a $30 cash bonus to your parent accounts. You’ll receive your referral reward once your friend has activated their card. To participate:
- Log into your GoHenry account.
- Select “Refer a friend” from the menu.
- Choose how you’d like to share your unique referral link with your friends.
- Ask your friend to sign up with the link you provided.
There is no limit to how many people you can refer, nor how many referral bonuses you can earn.
After exploring GoHenry in depth, it’s clear that this financial tool offers a unique and engaging way for kids and teens to learn about money management. With customizable debit cards, an intuitive app, and educational in-app lessons, GoHenry provides a hands-on learning experience that can help build financial confidence.
Parents can appreciate the peace of mind provided by real-time notifications, spending controls, and top-notch security features, while children can benefit from the interactive learning opportunities and chore management system.
However, it’s important to consider whether your child is ready for the responsibility of a debit card, as well as the monthly fee associated with the service.
Weighing both the pros and cons, GoHenry can be a valuable resource for families looking to instill positive financial habits in their children, but it’s essential to assess if it’s the right fit for your family’s needs.
You might also want to consider Greenlight, a debit card for kids. They’re currently offering a 30-day free trial.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
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