GoHenry is a financial tool designed to help families nurture money confidence in young people aged 6-18. It offers a debit card with smart parental controls and a companion app that provides real-time notifications whenever the card is used. With the GoHenry debit card and app, young people can learn important financial skills such as budgeting, earning money through chores and allowance, setting savings goals, spending wisely, making donations to charity, and gaining real-world experience with money. This not only promotes independence in young people but also provides peace of mind for parents.
GoHenry's in-app money lessons, known as Money Missions, further enhance financial education by teaching young people about saving, investing, and more through interactive quizzes and videos. By conquering new skills, they can earn points and badges, which helps to keep them motivated and feel accomplished. The customizable GoHenry debit card is connected to an app that offers various parental controls, allowing parents to teach financial responsibility while giving their children the independence to learn without the risk of accruing debt. The card also provides features such as real-time spending notifications, secure PIN recovery, and the ability to block and unblock cards, ensuring the safety and security of young users.
GoHenry has gained popularity, with 1.5 million members and counting. According to a survey, 92% of parents reported that their family felt more confident about money after using GoHenry. The platform offers safe spending for kids through chip and PIN protected purchases, bank-level encryption, and automatic blocks on unsafe spending categories. Additionally, GoHenry includes Zero Liability Protection by MasterCard and FDIC-insured accounts up to $250,000, providing further security for families using the service.