Compare the options
Selected products, in an editorial order. No paid ranking. Costs shown for one child, excluding usage fees.
GoHenry Everyday
Pocket money, chores and educational activities
- Age at opening
- 6–18
- Product type
- Prepaid card
- Monthly subscription
- £3.99
- Annual subscription
- £47.88 on monthly billing
- Parent bank requirement
- A GoHenry parent profile and funding method are needed; no specific parent bank required.
- Parent controls
- Parent app; Card controls
- App
- Parent and child apps
- Savings
- Savings goals; interest savings belong to higher-priced plans
- Spending controls
- Parental card controls
- Cash withdrawals
- Availability and fees: confirm with provider
- Apple Pay
- From 13
- Google Pay
- Not confirmed
- Learning
- Everyday: introductory Money Missions; Plus and Max include the wider library
- Money protection
- GoHenry is not a bank. Its terms describe different arrangements for card funds, top-up e-money and separate savings products; check the applicable terms rather than assuming bank deposit protection.
Other costs: Everyday includes one free top-up a month; additional top-ups cost 50p. Optional card designs cost extra.
One-month trial, then automatic paid renewal
Who it suits and what to check
May suit: Parents who will regularly use chores and learning activities.
Consider: Consider which learning tools your plan includes, and the top-up fees. Plus costs more; Max has family pricing.
Plus is £5.99/month per child; Max is £9.99/month for up to four children. These are different feature bundles.
No interest rate quoted: the pricing page contains mixed plan labels.
Monzo Under 16s
No subscription, with daily spending controls
- Age at opening
- 6–15
- Product type
- Parent-owned bank account
- Monthly subscription
- £0.00
- Annual subscription
- £0.00 on monthly billing
- Parent bank requirement
- Parent or guardian needs a Monzo current account.
- Parent controls
- Spending notifications; Card freeze; Daily spending limits
- App
- Child app and parent Monzo app
- Savings
- Pots, goals and a separate Under 16s savings account
- Spending controls
- Switch online payments and cash withdrawals on or off
- Cash withdrawals
- Cash withdrawals available, subject to limits
- Apple Pay
- From 13
- Google Pay
- From 13
- Learning
- Dedicated learning programme not confirmed
- Money protection
- The parent legally owns the balance. Eligible deposits count towards the parent’s personal FSCS allowance across Monzo accounts.
Other costs: Lost or stolen replacement card: £5. Check ATM and overseas limits before travelling.
Who it suits and what to check
May suit: Families happy to use Monzo for the parent account.
Consider: This is a parent-owned account. It is not a current account owned independently by the child.
New accounts open at ages 6–15; existing cards can continue after 16 until expiry, but are cancelled at 18.
What will it cost your family?
GoHenry Everyday
£3.99/month
£47.88/year
Monzo Under 16s
£0.00/month
£0.00/year
FamilySave difference: £47.88 a year — Monzo Under 16s has the lower subscription cost
1 child · 12 monthly payments. A normal paid year; excludes trials, card delivery, top-ups and other usage fees. Each product’s features differ.
For two children
GoHenry Everyday
£7.98/month
£95.76/year
Monzo Under 16s
£0.00/month
£0.00/year
FamilySave difference: £95.76 a year — Monzo Under 16s has the lower subscription cost
2 children · 12 monthly payments. A normal paid year; excludes trials, card delivery, top-ups and other usage fees. Each product’s features differ.
Which suits which family?
Lowest ongoing subscription cost: Monzo. Parent controls: both have them; Monzo publishes daily limits and switches for cash and online payments. Education and chores: compare GoHenry’s actual plan entitlements, because its Everyday and Plus learning content differ.
Already bank with Monzo? Its parent app may make money management simpler. Prefer to keep your existing bank? GoHenry does not require you to open a current account at a particular provider.
Will you use what you pay for?
Try building a pocket money routine before subscribing: one regular payment, one savings goal, and a short weekly chat about spending. If chore tracking or structured lessons would make that routine easier, a paid app may be useful.
The calculator compares Everyday with Monzo over a normal paid year. It excludes introductory trials and usage fees. GoHenry Plus and Max are different bundles, so do not assume their features are included in Everyday.
Check ownership and the next birthday
Monzo Under 16s is owned by the parent, including the balance. Its new-account age range ends at 15. GoHenry’s published age range extends further; check opening eligibility and transition terms for an older teenager.
Both offer ways to organise money, but a savings goal is not the same as a separate interest-bearing account. Check the terms of any separate savings product.
Questions parents ask
Can I use Monzo Under 16s without a Monzo account?
No. The parent or legal guardian needs a Monzo current account to open and manage the Under 16s account.
Does GoHenry Everyday include all Money Missions?
The provider pricing distinguishes introductory missions on Everyday from the wider library on Plus and Max. Confirm the selected plan’s current entitlements before paying.
Keep comparing
Back to the cards and accounts parent guide · Try the Money Finder · Explore FamilySave Money
Sources for this comparison
5 links
- www.gohenry.com/uk/pricing (opens in a new tab)
- www.gohenry.com/uk/terms-and-conditions/ (opens in a new tab)
- monzo.com/current-account/under-16s (opens in a new tab)
- monzo.com/help/monzo-for-under-16s/under-16s-understanding-account-web (opens in a new tab)
- monzo.com/help/monzo-for-under-16s/under-16s-fscs (opens in a new tab)
Official product, pricing and help pages checked for this guide. Unconfirmed details are labelled in the comparison.
FCA: payment providers and safeguarding · Tell us about a correction