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For parents, teaching their kids the value of saving and spending wisely may be a tall order to fill. Fortunately, the Greenlight app was developed with parents in mind to distill good spending habits within their kids at a young age.
With Greenlight app, parents now have the power to nudge their kids into the right direction when it comes to valuing money.
- What is Greenlight?
- How to use Greenlight for beginners tutorial
- Greenlight app screenshot example
- Frequently Asked Questions
What is Greenlight?
Greenlight is a fintech company that provides children debit card designed to help parents monitor their children’s spending habits. Greenlight was founded in 2014 and created to empower parents with convenient controls to safely manage family finances and create teachable moments around earning, spending, saving and giving. Greenlight is easier and more flexible than cash, with parental controls that allow families to manage exactly where, and how much their kids can spend.
Is Greenlight safe?
Greenlight has built in safety measures to ensure your financials are safe.
- Every Greenlight account is FDIC-insured through our partner, Community Federal Savings Bank, to protect your kids’ earnings.
- As with all debit cards, Greenlight requires you to set a 4-digit PIN after activation.
- Greenlight use state-of-the-art encryption, firewalls and VPNs.
- Greenlight block unsafe spend categories and don’t let kids get cash back at the register.
Parents now have a powerful tool in their arsenal to teach their kids at a young age the value of saving, spending, and using a debit card in society today.
- Child allowance feature
- Blocking feature
- Spend monitoring
- Investing feature
- Assign chores for allowance incentive straight through the Greenlight app
- Ability to donate to a charity
How to use Greenlight for beginners tutorial
The first step to getting started with Greenlight is to sign-up for a Greenlight account as the parent/guardian main account.
Once the parent account has been set-up, you will be able to set-up the child’s account. Note that for every child added, each child will have their own individual custom debit card from Greenlight.
Shortly after, you will be asked to fund at minimum $10 to your parent account to start allocating funds to your child’s debit cards.
Greenlight app screenshot example
Frequently Asked Questions
What age is best for kids to get a Greenlight card?
Earlier the age the better to teach kids the value of saving and spending. Legally, there is no minimum age requirement restriction to get started with Greenlight.
When will I receive my child’s debit card after signing up for Greenlight?
It may take anywhere between 5 – 10 business days for the Greenlight debit card to come in the mail.
How do I receive the $30 Greenlight referral code sign-up bonus?
According to Greenlight’s referral program, for every family or friend referral, you and your family or friend are eligible for a $30 bonus cash.
What type of card is the Greenlight card?
The Greenlight card is classified as a prepaid debit card.
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