The Good
- Powerful Parental Controls
- Financial Education Tools
- Chore and Allowance Management
- Savings Goals & Parent-Paid Interest
- Investing for Kids (Max & Infinity Plans)
- Mobile Wallet Support
- Nationwide and International Use
Powerful Parental Controls
Set spending limits, approve transactions, and receive real-time alerts.
Financial Education Tools
Includes interactive learning through the Level Up game to teach budgeting, saving, and investing.
Chore and Allowance Management
Assign chores, set rewards, and automate weekly or monthly allowance.
Savings Goals & Parent-Paid Interest
Kids can set savings goals and earn interest paid by parents.
Investing for Kids (Max & Infinity Plans)
Kids can invest in stocks and ETFs with parental approval—rare in this space.
Mobile Wallet Support
Works with Apple Pay and Google Pay for contactless payments.
Nationwide and International Use
Accepted anywhere Mastercard is accepted, including abroad.
The Bad
- Monthly Subscription Fees
- No ATM Fee Reimbursements
- Too Restrictive for Older Teens
- No Real Bank Interest
- No Cash Deposits or Direct External Bank Transfers
Monthly Subscription Fees
Plans start at $4.99/month, which can be costly over time.
No ATM Fee Reimbursements
Greenlight doesn't cover out-of-network ATM fees.
Too Restrictive for Older Teens
Teens seeking more freedom may find the controls limiting.
No Real Bank Interest
Savings balances don't earn actual interest—only parent-funded incentives.
No Cash Deposits or Direct External Bank Transfers
Parents must fund the account through the app; direct bank-to-card transfers aren't supported.
