GoHenry
UK parents crowdfunded a kids' money app that taught a generation pocket-money-by-chores.
Kids' money app; acquired by Acorns.
- Who holds it
- A sponsor bank behind the brand — not the app you signed up with — Partner bank (Community Federal Savings Bank, US); UK cards via FCA-regulated e-money issuer.
- The ledger
- Split between a program manager and the sponsor bank — the modular setup that broke in Synapse.
- If it fails
- Any claim runs through the sponsor bank, and only works if the two ledgers reconcile.
Derived from GoHenry’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | traditional · gen alpha · kids & family |
| HQ | New York/London |
| Founded | 2012 |
| Custody | Custodial |
| Regulation type | Partner-bank model |
| License detail | Partner bank (Community Federal Savings Bank, US); UK cards via FCA-regulated e-money issuer |
| Card | Visa/MC · Debit |
| Stablecoins | No |
| KYC | Yes |
| Active regions | North America |
| Countries | United States, United Kingdom |
| Founders | Louise Hill, Dean Brauer |
| Funding | Acquired by Acorns (2023) |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @gohenry ↗
Common questions about GoHenry
What is GoHenry?
GoHenry is a fiat neobank built for gen alpha · kids & family, headquartered in New York/London and founded in 2012. Your money is held custodially, so GoHenry or its partner bank holds the balance and you hold a claim on it. It operates on a partner-bank model (Partner bank (Community Federal Savings Bank, US); UK cards via FCA-regulated e-money issuer).
Does GoHenry have a card, and where can you use it?
It issues a Visa and Mastercard debit card. It is available in 2 countries, across North America.
Does GoHenry require KYC?
Yes. GoHenry requires identity verification (KYC) to open an account, as a partner-bank model.
Head-to-head
GoHenry vs Greenlight · GoHenry vs Copper
Peers
Chime · Wise · Varo · Current · SoFi · Ally Bank
GoHenry appears in
Neobanks running on someone else’s banking license (81) · Neobanks available in North America (126) · Neobanks for kids and family (7) · Neobanks that issue a Visa card (182) · Neobanks that issue a Mastercard (150)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.