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Best Z1 Alternatives ranked by AI · updated Sep 2026

Z1 was a digital banking service for teenagers that provided spending accounts, debit cards, and financial tools through a mobile app. It focused on giving Gen Z users more control over everyday money, but the service has been discontinued.

Developer: Z1 Price: Discontinued 🎯 z1.app

Top 6 Z1 alternatives

1

Greenlight

Greenlight Financial Technology

πŸ’‘ Pick it for the most complete parent-controlled replacement for Z1.

Greenlight is a family finance app with debit cards, parental controls, allowance tools, and investing features for children and teens. Parents manage...

Pros

  • More comprehensive parental controls and chore tools than Step
  • Includes investing education and custodial investing options on eligible plans
  • Supports multiple children under one family subscription

Cons

  • Costs more than free teen checking products such as Step
  • Some investing and premium safety features require higher-tier plans
  • Requires a parent subscription rather than offering a fully free core plan
2

πŸ’‘ Choose it for a free, teen-focused banking app with credit-building features.

Step is a modern, all-in-one financial services company that provides a free, FDIC-insured bank account and Visa card to teenagers. It aims...

3 Current logo

Current

Current

πŸ’‘ Pick it when you want a low-cost account that can grow with a teen into adulthood.

Current is a mobile banking platform for consumers seeking spending, savings, and credit-building features through an app and debit card. It focuses...

Pros

  • More focused savings automation and spending insights than Cogni
  • Offers credit-building tools and optional premium benefits
  • Designed for fast mobile account management and direct deposits

Cons

  • Premium features require a paid plan
  • Not a full-service alternative for investing or lending
  • ATM and cash-deposit coverage can be less convenient than branch banks

Free plan; premium features from $4.99/mo

4

πŸ’‘ Choose it for structured allowance, chore, and budgeting lessons at home.

FamZoo is a family finance app that helps parents teach kids good money habits.

Pros

  • Virtual family bank feature
  • Educational resources for kids

Cons

  • Less investment-focused than Littlefund
  • Subscription cost may be a barrier for some families

Subscription-based pricing.

πŸ’‘ Pick it for teen spending and family money management across multiple countries.

Revolut is a digital banking alternative that offers features like currency exchange, budgeting tools, and international money transfers.

Pros

  • Multi-currency support
  • Budgeting tools

Cons

  • Some features require premium subscription
  • Limited physical card availability

Free with premium options

πŸ’‘ Choose it for built-in financial lessons and tightly managed allowance payments.

GoHenry is a kid's money management app that helps teach young people between the ages of 6 and 18 how to earn,...

Pros

  • Parental controls and monitoring
  • Customizable chore and allowance features

Cons

  • Monthly subscription fee
  • Some features restricted to paid plans

Starting at $3.99 per month

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