Overview

With the Greenlight® debit card and app, kids earn money through chores, set savings goals, spend wisely and invest. Parents set flexible controls and get real-time notifications every time their kids spend money.

Greenlight celebrates smart money management by rewarding kids with up to 1% Cash Back and 2% on their Savings balances.*

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Pros:

• Industry-leading parental controls.
• Chore and allowance setup, administration and oversight.
• Real-time alerts, spending notifications and access controls.

Cons:

• Cost is higher than we'd like on the Greenlight + Invest and Greenlight Max products.
• No parent / child lending.
• No cash reload options.

Best For

Greenlight uses a permission-based spending rules system whereby parents can set rules for specific stores and spending categories.

When parents set these controls over spending, this allows them to place their preferred limits on their child’s spending at a particular store or within a particular spending category.

Bottom Line

The Greenlight app and card function as a purpose-built solution for families to learn about money through use of a prepaid debit card with parental controls, notifications and safety features.

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