Greenlight Kids & Teen Banking 6.8.0
Greenlight Financial Technology, Inc. – Freeware – Android iOSout of 417892 votes
6.8.0 Safe to install
Empowering Financial Literacy in Kids and Teens with Greenlight
Greenlight Kids & Teen Banking offers a robust platform for parents to teach their children about managing money through real banking capabilities, making it a standout choice in financial education tools.
Greenlight is a family-oriented online banking app that provides a platform for parents and children to learn about money, earn, save, and invest together. With a user base of over 6 million parents and kids, Greenlight offers a range of features and benefits for family money management.
- Instantly receive and send money, set up direct deposit for working teens
- Flexible parent controls for kids banking and teen banking
- Set savings goals and earn rewards of up to 5%
- Teens can build credit while parents enjoy up to 3% cash back on purchases with Greenlight's credit card
- Track chores and automate allowances
- Opportunity for kids and teens to learn about investing or invest directly with approval
- Real-time spending notifications and spending limits with Greenlight's debit card for kids and teens
- Financial literacy boost with the Level Up™ money game
- Purchase, identity theft, and cell phone protection
- Safety features like location sharing, SOS alerts, and crash detection
Greenlight has received recognition from trusted sources:
- The New York Times: "Every conversation about money is a conversation about values waiting to happen, and these products can help inspire those discussions with your child."
- Parents Magazine: "Greenlight allows some independence for kids and teens to manage their money."
- CNBC: "The Greenlight Family Cash Card's up to 3% return on everyday purchases is extremely lucrative — whether you're a parent or not."
Testimonials from more than 6 million kids and parents further demonstrate the benefits of Greenlight:
- "My teen is learning to manage his own money. I wish Greenlight was around when I was a kid! I tell my friends & family about it all the time!" – Patricia A.
- "I love Greenlight. As a mom of 4 kids, it makes paying allowances & spending money for trips so easy." – Samantha B.
- "Traditional banks don't make it nearly as easy." – Shannon M.
Greenlight offers different plans to suit every family's needs:
- Greenlight Core: Includes a debit card and educational app for kids and teens to earn, save, spend, and give. Also provides 1% cash back on savings ($4.99/month)
- Greenlight Max: All features of Greenlight Core plus 1% debit cash back, 2% on savings, protection plans, and more ($9.98/month)
- Greenlight Infinity: All features of Greenlight Max plus 5% on savings, location sharing, crash detection, and more ($14.98/month)
For more information on finding the right plan for your family, visit https://greenlight.com/plans.
Greenlight also provides reliable customer support and assistance 24/7. If you need help or have any questions, visit https://help.greenlight.com.
To learn about your privacy rights in California, please visit: https://greenlight.com/privacy/#your-california-privacy-rights.
If you prefer not to have your information sold, you can make a request at: https://greenlight.com/data-request/Greenlight.
<!-- Additional Context Information -->¹ Greenlight is a financial technology company and not a bank. It works in partnership with Community Federal Savings Bank, Member FDIC, to provide banking services. The Greenlight card is issued by Community Federal Savings Bank, Member FDIC, under a license from Mastercard.
² The qualification for rewards depends on the Primary Account's Good Standing. Details can be found in the Greenlight Terms of Service and are subject to change.
³ The percentage earned on purchases varies based on spending during a billing cycle. Full details can be found in the Credit Rewards Terms and Conditions: http://greenlight.com/cardholder-terms.
⁴ Cell phone protection is provided by Virginia Surety Company, Inc. (excluding residents of New York).
⁵ Family location sharing, SOS alerts, and crash detection features require mobile data or WiFi connection, as well as access to sensory and motion data from the cell phone. Additional messaging, data rates, and terms may apply.
⁶ Available with Greenlight Infinity plan.
© 2023 Greenlight Investment Advisors Investment Advisors, LLC. Greenlight Investment Advisors provides investment advisory services to clients. Investing carries risk, including potential loss of capital. The Value of Investment displayed in the app store screen is for demonstration purposes only.
Overview
Greenlight Kids & Teen Banking is a Freeware software in the category Business developed by Greenlight Financial Technology, Inc..
The latest version of Greenlight Kids & Teen Banking is 6.8.0, released on 08/03/2024. It was initially added to our database on 09/08/2023.
Greenlight Kids & Teen Banking runs on the following operating systems: Android/iOS.
Users of Greenlight Kids & Teen Banking gave it a rating of 5 out of 5 stars.
Pros
- Designed specifically for children and teens to learn money management skills
- Parents can set up spending controls and monitor transactions in real-time
- Allows for custom debit cards that kids can personalize
- Offers features such as goal setting and savings accounts for different purposes
- Educational resources and money management tools integrated into the app
- Compatible with a mobile app that is easy to navigate for both parents and kids
- No monthly fees for the basic plan, making it accessible to families with different budgets
Cons
- Transaction fees on certain services may apply depending on the plan
- Limited customer support options for troubleshooting
- Some features may require premium plans which have monthly fees
- Potential for kids to misuse their debit cards if not properly supervised
- Requires a smartphone or tablet, which may not be accessible to all families
FAQ
What is Greenlight Kids & Teen Banking?
Greenlight Kids & Teen Banking is a financial technology platform that allows parents to manage their children's spending, saving, and earning. It provides tools for teaching kids about money management.
How does Greenlight help teach kids about money?
Greenlight provides a debit card for kids and teens, an app for tracking expenses, automatic savings features, and budgeting tools that help parents guide their children in making responsible financial decisions.
At what age can my child start using Greenlight?
Children can start using Greenlight at any age, but the service is typically recommended for kids aged 6 and up.
Is there a fee for using Greenlight?
Yes, there is a monthly subscription fee for Greenlight, which varies depending on the plan you select.
Can I set spending limits on my child's card?
Yes, parents can set customizable spending limits on their children's cards through the Greenlight app.
Does Greenlight offer any educational resources?
Yes, Greenlight includes a variety of educational resources within the app to teach children about money management concepts like saving, budgeting, and investing.
Can I monitor my child’s spending in real-time?
Yes, parents can see real-time updates of their child's transactions through the Greenlight app.
Is there an option for my child to earn interest on their savings?
Yes, Greenlight offers an interest-earning savings account feature allowing children to save money while earning interest.
Does Greenlight support investment options?
Yes, Greenlight provides investment options where parents can allow their children to invest in stocks and ETFs with parental oversight.
How do I cancel my Greenlight subscription?
You can cancel your Greenlight subscription at any time through the app or by contacting customer support.
Elena Angelini
I'm Elena, your go-to software reviewer at UpdateStar and tech enthusiast. Whether you're a user seeking the latest software titles or software news I've got you covered. When I'm not diving into the latest software, you can find me exploring nature trails, camping under the stars, or competing in online multiplayer games. My reviews are designed to be fun, engaging, and packed with all the details you need to make informed decisions.
Latest Reviews by Elena Angelini
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