Greenlight
Greenlight offers a debit card and financial education tools for kids and teens, featuring an app that teaches earning, spending, saving, and investing, along with safety features and customizable options.
Services
Greenlight offers a suite of financial tools specifically designed for kids and teens. The core service is a debit card that helps young users learn smart spending. Supported by a comprehensive app, kids and teens can learn to earn, spend, save, invest, and build credit. Greenlight also includes a financial education game called Greenlight Level Up™, designed to teach critical money management concepts. Additionally, the service features built-in safety tools for families, such as location sharing, SOS alerts, crash detection, and driving reports. Custom card designs are also available for a personalized experience. Plans start at $4.99/month after a one-month trial, covering up to five kids per family.
Products
Greenlight's main product is a debit card tailored for young users, complemented by an app that facilitates financial education. The Greenlight card allows kids and teens to learn essential financial skills by earning, spending, saving, investing, and building credit. The app supports direct deposits for teens with jobs, enabling them to have their paychecks sent directly to their Greenlight accounts. Greenlight also offers custom debit card designs and access to its financial education game, Greenlight Level Up™. The service includes various tools for parents to assign chores, automate allowances, and monitor their children’s financial activities.
Financial Education Features
Greenlight prioritizes financial education through various features and resources. The Greenlight Level Up™ financial education game teaches young users critical money concepts in an engaging manner. The app also provides tools that allow kids and teens to learn to earn, spend, save, invest, and build credit. Parents can assign chores, automate allowances, and monitor financial activities through the app. Greenlight enhances financial literacy further by offering educational resources on its blog and learning center.
Safety Features
Greenlight includes several built-in safety features designed to protect families and young users. These features encompass location sharing, SOS alerts, crash detection, and driving reports. These tools ensure that parents can keep track of their children’s whereabouts and safety while using the Greenlight services. The safety features are integrated into the overall structure of the app and card services, providing an extra layer of security for families.
Plans and Pricing
Greenlight's services are offered through various plans starting at $4.99 per month after a one-month trial period. These plans cover up to five kids per family, making it a cost-effective solution for larger families. Additionally, Greenlight provides financial incentives such as earning up to 1% cash back on spending and up to 5% on savings, encouraging smart financial behavior among young users.