GoHenry vs Revolut
Side-by-side comparison — pricing, features, ratings, use cases. Find which Neobanks fits you best.
🔍 Independently researched ·
📊 Data-driven
51/100
175 Kč starting
GoHenry is best for parents who want an easy-to-manage prepaid card with chore-based allowances and built-in financial e
💰 Pricing
Starting at 175 Kč (flat_fee)
Fee notes:
- Monthly fee: £5.99 per child (Standard) and £9.98 per child (Premium) in the UK; US pricing differs (approx $5.99/month per child).
- Additional children: discount on multiple children (e.g., second child at 50% off in some markets).
- FX conversion fee: 1.5% above interbank rate for non-GBP transactions.
- International ATM withdrawal fee: £1.50 per withdrawal outside the UK/EU.
- UK ATM withdrawals: free.
⚠ Watch for:
- Inactivity fee: charged if the child's card is not used for 90 days.
- International ATM withdrawal fees: £1.50 per withdrawal outside UK/EU.
- Currency conversion fee: 1.5% above interbank when spending abroad in a different currency.
- Card replacement fee: £3.99.
🔧 Features
✓ Youth Focus✓ Parental Controls✓ Financial Education✓ Chores✓ Uk Us
📋 Assessment
💪 Strengths
- The parental controls are among the most granular in the industry. From a parent’s app, you can set a daily or monthly spending limit (even per-merchant), restrict ATM withdrawals entirely, and block specific merchant categories like 'gambling' or 'unhealthy food'. The instant card freeze is a lifeline—if your teen loses the card or makes a questionable purchase, you can lock it in seconds. This level of control gives parents the confidence to let their kids spend independently without fearing catastrophic mistakes.
- GoHenry’s 'Money Missions' is a standout educational feature. It’s a structured curriculum that turns financial topics into bite-sized lessons and quizzes, covering everything from budgeting and saving to understanding credit and investments. Kids earn points for completing them, which feeds directly into their GoHenry app, making learning feel like a game. Parents can tailor the lessons by age group, and the progress is tracked. This is more than a high-level ‘money tips’ section—it genuinely teaches kids real-world concepts in a format they'll engage with.
- The chores and allowance system is frictionless. You can create a recurring allowance (set a weekly amount and payment day) and a separate chores list with custom amounts per task. When your child marks a chore as done, you get a notification; you can approve or deny it, and upon approval, the amount is transferred instantly to their balance. This merges household responsibilities with financial education, teaching kids the value of work. It’s the kind of automation that saves parents time and reinforces good habits.
- The app is polished and intuitive for both kids and parents. The kid-facing app shows their balance, payment history, spending insights (categorized automatically), and a simulation of what they can afford. It's colorful and motivating without being childish. The parent app provides a clear dashboard to switch between children, view recent transactions, and manage all settings. Even if you're overwhelmed by the number of features, the UX design keeps things accessible.
- Instant payments and push notifications keep everyone informed. Every time your child uses the card, you receive a real-time notification (if enabled), including the merchant and amount. This transparency is crucial for building trust and having conversations about spending. You can also pay your child instantly from the parent app for odd jobs or birthday money, which is a welcomed convenience.
⚠ Watch out for
- The monthly fee per child is a significant drawback. In the US, it’s $4.99 per child per month; in the UK, it’s £4.99. For a family with two kids, that’s $119.76 per year—and with three kids, it reaches $179.64. Many competitors, like the free tier of Greenlight (though with less advanced control), or traditional custodial accounts, offer basic functionality at a lower cost. Parents should calculate whether the features justify the recurring expense.
- GoHenry is a prepaid card, not a bank account. That means you cannot set up direct deposits, write checks, or build credit history. The card has no billing address, so kids can’t use it for online purchases that require a verification (like some subscription services). There’s also no interest paid on balances, so any saved money is idle. For teens needing a 'real' bank account for a job, this is a limitation.
- The card declines when funds run out, which can be embarrassing for a teen in a checkout line. Unlike a credit card, there's no grace or protection—the balance is the limit. While this enforces budgeting, some teens may feel it's 'not cool' compared to a standard debit card. Additionally, there's no way to enable overdraft protection from a parent’s account, which could be a safeguard option.
- Customer support is decent but not stellar. GoHenry offers email support and an extensive help center (with FAQs and guides), but there is no live chat or phone line during business hours in the US (UK has phone support). Email responses can take up to 24 hours, which is frustrating if you need a quick resolution on a card declined abroad or a technical issue. In-app help is limited to articles, so live assistance is lacking.
🎯 Best for
GoHenry is best for parents who want an easy-to-manage prepaid card with chore-based allowances and built-in financial education to teach kids (ages 6-18) smart money habits.
🚫 Who should skip
Parents looking for a free or low-cost money management tool, or those who only need a simple minor savings account with no subscription, should skip GoHenry.
📚 Learning curve
Minimal — the setup is straightforward for both parents and kids; most users can start using the card and app within 10 minutes of activation.
🧑⚖️ Verdict
GoHenry is an excellent choice for parents who want to actively teach kids about money through hands-on controls and structured lessons. It's ideal for families with one or two kids, given the per-child fees. If you have three or more children or need a more robust bank-like account with direct depo
76/100
Free tier
Revolut is ideal for travelers, freelancers, and digital nomads who need a cheap, flexible, multi-currency spending card
★ Best
💰 Pricing
🆓 Free tier available
Standard plan is free, but limited to $1,000/month ATM withdrawals (2% fee after), 3 free currency exchanges per month, and 0.5% FX fee after limit. Crypto and stock trading have fees.
Fee notes:
- FX markup: 0% on weekdays within free exchange allowance (Standard: 3 free per month, then 0.5% markup; Premium and Metal: unlimited, but weekend markup of 0.15% for Premium/Metal, 0.5% for Standard).
- ATM fee: 2% of withdrawal amount after exceeding monthly free limit (Standard: $1,000; Premium: $2,000; Metal: $3,000; Ultra: unlimited).
- International transfer fee: Standard: 0.5% (min $0.50, max $50?) ; Premium: free up to $10,000/month, then 0.5%; Metal: free up to $20,000/month, then 0.5%; Ultra: free unlimited.
- Card replacement fee: Standard: $10 (or local equivalent) if lost or stolen; Premium: free (one per year) then $10; Metal: free (one per year) then $10; Ultra: free.
- Crypto trading fee: variable, typically 1.5% per trade (standard) or lower (0.75% for metal/ultra?)
⚠ Watch for:
- Weekend FX markup: Revolut applies a 0.5% markup on weekend currency exchange for Standard, and 0.15% for Premium/Metal (Ultra: 0%) – even if you have exceeded your free exchange allowance.
- ATM fee after limit: 2% after free monthly limit; some ATMs may charge their own fee, which Revolut does not reimburse.
- Card delivery fee: Standard may charge for delivery (e.g., $10) unless you upgrade or order during promotional period.
- Inactivity fee: Not charged monthly, but if you don't use the card for 12 months, card might be deactivated (with reactivation fee?).
🔧 Features
✓ Free Tier✓ Mobile App✓ Multi Currency✓ Crypto Support✓ Stock Trading✓ Virtual Cards✓ Insurance
📋 Assessment
💪 Strengths
- Revolut's multi-currency accounts with local IBANs are a massive advantage. You can open a EUR account with a Lithuanian IBAN, a GBP account with a UK IBAN, and a USD account with a US account number (in some regions). This makes it seamless to receive salary or payments in different currencies without paying high conversion fees. For freelancers and remote workers, this is a killer feature.
- The interbank exchange rate on weekdays is a huge cost saver. Unlike traditional banks that add a 2-3% margin, Revolut uses the actual market rate. On the free plan, you can exchange up to £1,000 per month without extra fees, which is plenty for most travelers. The app also shows you the exact rate before you confirm, so there are no surprises.
- The budgeting tools are surprisingly robust for a digital bank. You can categorize transactions (groceries, transport, entertainment) automatically or manually, set monthly budgets, and get spending insights. This is on par with dedicated budgeting apps like YNAB, and it's built-in for free.
- Virtual cards are a standout security feature. You can create a virtual card for online shopping, and even disposable virtual cards that generate a new card number each time. This protects you from fraud if a merchant's database is compromised, and it's a feature that traditional banks rarely offer for free.
- The crypto and stock trading features are convenient for beginners. You can buy Bitcoin, Ethereum, and dozens of other coins directly in the app, and trade US stocks with fractional shares. However, spreads are wider than on dedicated exchanges like Coinbase or Degiro, so serious investors should look elsewhere.
⚠ Watch out for
- Customer support is a major pain point. In-app chat is the primary channel, and response times can be hours or even days for anything beyond basic questions. There's no phone support on most plans, and the chatbot often fails to handle complex issues like account freezes or disputed charges. This has led to numerous complaints on Trustpilot and social media.
- Account freezes for compliance checks are a real risk. Revolut's automated anti-fraud algorithms can flag unusual activity (like large transfers or new login devices) and freeze your account for weeks while they investigate. While this is a legal requirement in some cases, the lack of proactive communication and slow resolution times is frustrating for users who rely on the account for daily spending.
- Hidden fees can sneak up on you. The free plan has a £200/month ATM withdrawal limit, after which you'll pay 2% (or more on weekends). If you exchange on weekends, there's a 1% fee. Crypto trades have spreads that are 1-2% above the market rate, which is higher than dedicated exchanges. You need to read the fee schedule carefully to avoid surprises.
- Revolut is not a full replacement for a traditional bank. Deposits are not covered by the UK's Financial Services Compensation Scheme (FSCS) in the same way — only up to £85,000 for money in your e-money account under certain conditions (actually, Revolut is a licensed bank in Lithuania, but the protections differ in other countries). You also can't get a mortgage or overdraft from Revolut, and there's no option for physical cash deposits beyond loading with cash at certain partner stores.
🎯 Best for
Revolut is ideal for travelers, freelancers, and digital nomads who need a cheap, flexible, multi-currency spending card with manageable FX and global payments.
🚫 Who should skip
People looking for a full-fledged primary bank with reliable customer support, complete deposit protection, and comprehensive financial products (mortgages, large loans) should skip Revolut. Also, active traders are better off with dedicated stock/crypto brokerages.
📚 Learning curve
Minimal — the app has a modern, intuitive interface and you can start using core features within minutes. Understanding the exact pricing structure and country-specific features may take some digging.
🧑⚖️ Verdict
Revolut is an excellent choice for travelers, freelancers, and digital nomads who need flexible multi-currency capabilities and low FX fees. However, if you require reliable human support, robust deposit insurance, or the stability of a traditional bank for all your banking needs, you should keep a
📊 Use Case Suitability
Higher score = better fit. Scores from editorial review.
Use CaseGoHenryRevolut
Teaching Kids Financial Responsibility95—
GoHenry combines a prepaid card, chores-based earnings, and structured financial
Managing Family Allowances and Chores90—
Parents can automate allowance, assign paid chores, and track task completion—al
Parental Oversight of Teen Spending88—
Real-time alerts, spending controls, and the ability to freeze the card give par
Providing a First Prepaid Card for Kids92—
The physical card is a kid-friendly, contactless prepaid debit card, ideal as a
Youth Savings Goals80—
Kids can set savings goals within the app, and parents can encourage contributio
Travel & Foreign Currency Spending—95
With multi-currency accounts, competitive interbank-ish exchange rates, and no h
Freelancer Multi-Currency Invoicing & Receiving Payments—88
Freelancers can receive payments in multiple currencies with local IBANs, hold b
Budgeting & Expense Tracking—80
Built-in budgeting tools, spending categorization, and real-time notifications h
🧭 Which One Should You Pick?
Choose GoHenry if...
- You are: GoHenry is best for parents who want an easy-to-manage prepaid card with chore-based allowances and built-in financial e
- 👍 Very strong parental controls: instant card freeze, custom spending limits, ATM restrictions, and me
- 👍 Built-in financial education with bite-sized lessons, quizzes, and 'Money Missions' that actually re
- 👍 Chores and allowance features are well-integrated—parents can assign tasks, approve them, and pay au
- 💰 From $7.6/mo
- ⚠ Trade-off: Monthly subscription fee per child adds up fast—a family with three kids pays ne
Choose Revolut if...
- You are: Revolut is ideal for travelers, freelancers, and digital nomads who need a cheap, flexible, multi-currency spending card
- 👍 Real multi-currency accounts with local IBANs in many countries, making international transfers and
- 👍 Competitive FX rates (interbank rate on weekdays) with a user-friendly app that shows real-time conv
- 👍 Extensive feature set even on the free plan: virtual cards, budgeting, crypto, stocks, and peer-to-p
- 💰 Free tier available
- ⚠ Trade-off: Customer support is notoriously slow in many regions, with in-app chat often bei
❓ Frequently Asked Questions
How much does GoHenry cost?
GoHenry is a subscription service: it costs $5.99/month per child in the US and £2.99/month per child in the UK after a 30-day free trial. The fee is per child, so families with multiple kids pay multiple monthly fees.
What age is GoHenry for?
GoHenry is designed for kids and teens aged 6 to 18. The card is a prepaid debit card, and the app includes financial education lessons appropriate for that age range.
Is GoHenry safe and is my money protected?
GoHenry is not a bank, but funds are held with regulated partner banks. In the US, card balances are FDIC-insured up to $250,000; in the UK, funds are FSCS-protected up to £85,000. Parental controls also add a layer of safety.
Can parents really control where and how the card is used?
Yes. Parents can switch the card on/off instantly, set spending limits, choose ATM withdrawal limits, and block certain merchant types or stores. They also get real-time notifications whenever the card is used.
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