Compare Suits Me and GoHenry

How do Suits Me and GoHenry compare?

Suits Me and GoHenry are two mobile banks that cater to specific client needs with distinct features and services.

Suits Me is an inclusive banking solution targeting temporary, freelance and shift workers, domestic and overseas staff who typically have trouble opening traditional bank accounts. It provides immediate access to online banking features, mobile app, contactless Visa debit card, choice of personal IBAN and UK sort codes and lets users get paid directly into their account. Users can manage money in real-time, make digital payments, automate bill payments, track expenses, and save conveniently. Suits Me offers cashback rewards at major UK retailers, which maximizes savings for its users. It does not conduct credit checks and features multilingual customer support, catering to a broad demographic.

On the other hand, GoHenry is a pocket money management tool designed for families, aiming to educate children and teens about money. It provides customizable prepaid Visa debit cards for children above six years, and gives parents control over their child's spending, saving, and giving habits. It enables parents to set weekly spending limits, automate weekly pocket money, block & unblock cards and receive real-time notifications on expenditures. Moreover, GoHenry's 'tasks' feature motivates children to earn their pocket money by completing tasks or chores. It also promotes saving through its 'savings goals' feature. As a learning tool, GoHenry is devoid of overdrafts, debt risks, and doesn't affect the child's credit score.

While both mobile banks promote the convenience of digital banking, Suits Me primarily serves adults facing banking access barriers, while GoHenry focuses on financial literacy for young generations. Suits Me allows for receiving incomes and flexible money management with added market-related bonuses. In contrast, GoHenry strives for controlled spending, earning, saving and responsible financial behaviour, making it an ideal choice for families with kids and teenagers.