Greenlight Reviews

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Edited by: Tammy Burns

About Greenlight

Greenlight is a kids’ debit card and investing app. It allows adults to set up accounts for their children and control where and how they shop, as well as automate allowances and manage savings goals. The debit card can be used anywhere Mastercard is accepted, and parents can monitor their children's spending in real time.

Pros
  • First month is free
  • No age restrictions
  • Spending controls
  • Beginner-friendly investment platform
  • No overdraft or ATM fees
Cons
  • Requires a monthly subscription fee
  • No check or cash deposits

What is Greenlight?

Greenlight is a financial technology company that provides parents with a secure and convenient way to teach their kids about money. Greenlight offers a debit card and an accompanying mobile app that allows parents to monitor their kids' spending and savings, set up chore tracking and allowances and even teach them about investing.

Unlike the competition, Greenlight has robust parental controls and educational tools. Parents can set spending limits and restrictions on where the card can be used and even receive alerts when their child makes a purchase. The app also includes features like savings goals and financial literacy quizzes to help kids learn about money management.

Additionally, Greenlight offers an “investing for kids” feature, which allows parents to set up custodial investment accounts for their children and introduce them to the world of investing.

How does Greenlight work?

To get started with Greenlight, sign up through the app, enroll in a plan and fund your Parent’s Wallet. You’ll need to provide basic personal information as well as your Social Security number and a valid debit card or bank account. Your first month is free.

There are three Greenlight plans to choose from:

  • Greenlight Core is the company’s basic plan. It offers debit cards for up to five kids, app access, financial tools, parental controls, a cash-back credit card for parents and 1% savings rewards.
  • Greenlight Max includes everything in the basic Greenlight plan and adds 1% cash back, Greenlight Black cards, priority customer support, identity theft protection, cell phone protection and purchase protection. Savings rewards increase to 2% with Greenlight Max.
  • Greenlight Infinity is an upgrade from Greenlight Max that adds location sharing, SOS alerts and crash detection. Savings rewards increase to 5% with Greenlight Infinity.

Once you and your kids are set up on the Greenlight app, you’ll have different user experiences. Children can spend and set up savings goals with their parents' approval while earning money through allowances and completing chores. Parents can set up chores and allowances, track expenses and limit the stores where their kids can shop.

Greenlight is not a bank, so banking services are provided by Community Federal Savings Bank (CFSB), which also issues Greenlight debit cards. Because CFSB is a member of the Federal Deposit Insurance Corporation (FDIC), all Greenlight accounts are insured up to $250,000.

Greenlight products and services

Greenlight provides multiple benefits to help families understand and manage their finances. The specific features you can access depend on which plan you sign up for.

Prepaid debit card for kids
Your Greenlight debit card allows you to monitor and put limits on your child’s spending. You load the card with funds for transactions, and there is no required spending minimum. There are also no ATM, overdraft or trading fees.
Cash-back credit card for parents
The Greenlight Family Cash Card earns up to 3% cash back on purchases. There are three ways to redeem rewards: auto-invest them, apply them as a statement credit or instantly deposit them into your Parent Wallet. This card is available to parents on any Greenlight plan.
Flexible parental controls
Greenlight comes with multiple features to help you manage your child’s account, ranging from store-level controls to instant notifications any time they make a transaction. You can also activate or deactivate your child’s card on the app.
Chore and allowance plans
You can set up weekly, biweekly or monthly allowance payments as well as chore lists. Chore lists can feature recurring or one-time chores and automated payments once they’re complete.
Instant transfers
You can make instant transfers from your account to your child’s Greenlight card. Working teens can also set up direct deposits to receive payments from their employers straight to their Greenlight accounts.
Savings tools
Greenlight comes with a variety of saving and investing tools, depending on your plan. There are 1% to 5% savings rewards available, and you can set up Parent-Paid Interest to further encourage your kids to save.

Greenlight also offers 1% cash back on spending with the Greenlight Max and Greenlight Infinity plans. This gets deposited into your kid’s savings account each month.

Investing tools
With the Greenlight Max and Greenlight Infinity plans, your child can invest in exchange-traded funds (ETFs) with your approval. That means they can learn how to invest and pick up some fundamental financial skills under your guidance, and because they can buy fractional shares, they can get started investing with as little as $1.

Greenlight fees

To use Greenlight, you’ll need to subscribe to one of its plans:

  • The basic Greenlight Core plan costs $4.99 per month.
  • The Greenlight Max plan costs $9.98 per month.
  • The Greenlight Infinity plan costs $14.98 per month.

All prices are accurate at the time of publishing. Each plan can accommodate up to five kids and two adults. Debit cards arrive in seven to 10 business days if you choose free shipping.

In addition to monthly fees, Greenlight charges for the following:

  • $9.99 for personalized cards with a custom image
  • $3.50 per replacement card (first replacement card is free)
  • $24.99 for expedited shipping (arrives in 2-3 days instead of 7-10 days)

Greenlight FAQ

Which bank owns Greenlight?

Greenlight is not owned by a bank. It is a private financial technology company founded by Tim Sheehan and Johnson Cook. However, Greenlight’s banking services and debit cards are provided by Community Federal Savings Bank, Member FDIC.

What age is the Greenlight card for?

There is no minimum or maximum age for using Greenlight. However, younger kids may require more parental guidance to get started.

Is Greenlight free?

Costs for Greenlight plans range between $4.99 and $14.98 per month.

Where is Greenlight accepted?

Greenlight debit cards are accepted almost anywhere Mastercard is accepted. Greenlight cards also work in most countries, with no foreign transaction fees.

There are some protections in place to keep underage users safe, so you can’t use a Greenlight card for certain financial actions, such as gambling or other potentially illicit purposes. You can also customize where your child can shop in the app.

Is Greenlight a prepaid card?

Yes, Greenlight is a prepaid debit card. You load money onto the card and set the limits for your child’s spending.

Still have questions?

Is Greenlight legit?

Greenlight is a legitimate financial technology company that offers one of the best debit cards for kids. The accompanying app offers a range of features that can help parents teach their children good financial habits, including setting spending limits, creating savings goals, investing and monitoring transactions in real time.

Greenlight accounts are insured by the FDIC for up to $250,000 each, and Greenlight debit cards come with Mastercard’s Zero Liability Protection against unauthorized transactions. Greenlight also blocks spending in unsafe categories and lets you pick and set limits for where you want your kids to shop. You’ll get real-time notifications every time your child spends money with their card, and you have the ability to disable the card with your app if it gets lost or stolen.

Overall, Greenlight is best for families with children or teenagers who are starting to manage their own money but still need some parental oversight and financial education.

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Greenlight Reviews

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    Page 1 Reviews 0 - 20
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    Customer ServiceStaff

    Reviewed May 22, 2026

    Would give zero stars if possible. Automated text back feature stops responding without reason. Customer service reps can do literally nothing. US bank (who set this up for me) didn’t tell me that it would take 4 days to clear the deposit when I specifically said it was needed asap, nor did the greenlight app. The customer service rep was unable to say anything except, “Sorry, it takes 3-4 days. You could use Paypal instead.” Nowhere did it mention a subscription fee when setting up the account. I cannot hate this company more.

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    Maureen increased rating by 2 stars.
    Sales & MarketingStaff
    After a positive interaction with Greenlight, Maureen increased their star rating on May 13, 2026.

    Updated review: May 13, 2026

    Customer service apologized for the misunderstanding and did refund my installation fee.

    Original Review: May 12, 2026

    Installed today, nightmare. I was told by sales rep that I could keep my Xumo boxes through Spectrum, not true. It took him 3 hours to install. Now I have to have them uninstall it because I was given misinformation and to top it off I have to pay to have them uninstall it.

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      Verified purchase
      Customer ServiceRefunds & Payouts

      Reviewed April 22, 2026

      Complete rip off! The GPS device used to track my dogs was 4 houses away from my home location and the dog was literally in my lap when I tracked him! highly inaccurate and useless device! When I requested a refund, GREENLIGHT told me I had to ask SHOPIFY for a refund. SHOPIFY HAS NO CUSTOMER SERVICE AND NO ABILITY TO GET A REFUND! Beware of SHOPIFY and GREENLIGHT! They have a complete lack of customer service and they do not stand behind their products! I will never buy anything from either again nor will I recommend them to anybody! It feels like I’m doing business in China!

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      Profile pic of the author.
      Refunds & Payouts

      Reviewed Dec. 1, 2025

      HORRIBLE. I canceled this multiple times and they even agree and won't give me my money back. HORRIBLE! They even agreed I canceled and the guy keeps saying the max money he can give me back is 3 months.

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      Profile pic of the author.
      Customer ServiceStaff

      Reviewed Nov. 14, 2025

      Awful company with a terrible product, poor customer service, and ridiculous policies. They hold your money for up to a week instead of making it available within 24 hours like competitors (Truelink). It's impossible to get to a customer service agent and when you do their service is inaccurate and poor. The functionality of the card is very limited -- they only offer 5 preset categories for spending, and no way to create new categories. Avoid this product if you can.

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      Price

      Reviewed Oct. 2, 2025

      Deactivated card and still charges $5.99 for 18 months following cancellation. Card of file expired, and still charged my replacement card. Scary that they were able to charge a card I did not give them access to.

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      Customer ServiceStaffBilling

      Reviewed Sept. 17, 2025

      The worst customer service and irrational rules. It took 2 weeks to change my address. They are under the impression they are the Federal Reserve or something. Incompetent staff claiming my request was complete. Changing the requirement each time. We can't accept a photo you will need to upload a PDF of a utility bill and use this new link instead of the old. They verified my name, bday, SSN, email, old zip, sent a code and still can't take my word that I moved. The text chain was really insane. There are better options for your kids.

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      Reviewed Aug. 17, 2025

      Do not use. They take money from your account without authorization. Had to change all my banking information and red flag them with my bank. Do not use this company. Other prepaid debit cards out there.

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      Reviewed Aug. 10, 2025

      Terrible experience. I got this card for my son who has disabilities so that he always had available money for gas. He was never able to use the card as it was declined every time he attempted to use it. When I complained and closed the card, I was told their fees were not refundable, even though the card was useless. I was also told that I could add money and put "on hold" since when a gas station get's "pre-authorization", it may be refused if the balance is small. Total waste of money. I need to find a more reliable card. Shell was great, but is no longer available.

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      Customer ServiceSales & MarketingPriceOnline & AppRefunds & PayoutsBilling

      Reviewed Aug. 2, 2025

      I agree with every other person who stated that this company was a scam. Do not sign your children up for this. My kids were on this for a couple years and every time we turned around there was some weird charge. After dealing with that for a long time I went through the app to close the account about a year ago. I checked my account recently and noticed they had been billing me the entire time that I thought it was closed. I called to complain and have them refund my money. They told me that they could not because I should have called to close the account. Even though it literally gives you the option to close the account through the app...

      They told me that even after you close your account utilizing the application or online you still have to call and verify that it's been closed with them.

      I was told tough luck they are not refunding me any of my money that they had charged. I told them to delete all of my children and my information from their system and they better send me a refund for the overcharges. I repeat do not sign your children up for this. I regret it. I wish I had never given any of the information for myself and my children to these scam artists....

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      Verified purchase
      Sales & MarketingOnline & App

      Reviewed July 8, 2025

      Method to abuse someone by controlling them with an app. I randomly got a card from my mother and wasn’t sure what for until I found the capabilities of the app to be her source of manipulation. Good thing I discovered the app and ordered my own damn kid a card on an account I created.

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      Punctuality & Speed

      Reviewed July 2, 2025

      Greenlight puts 2 holds on your debit card. There is no way to cancel. I exited immediately. I did not finish sign-up. I had to wait days to get my $10 dollars back. Why 10 dollars and both withdrawals. I will tell everyone to stay away from Greenlight. Jeri

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      CoverageRefunds & Payouts

      Reviewed June 3, 2025

      Greenlight stole money from my children and then blamed me for it and never reimbursed my kids or me. I had to close the account before they rendered me bankrupt! Every month I put enough to cover the kids’ allowances and every month GL would pay them from my account. Every month just a day or two after that my son would text me saying “they took $50 from me” or “they took all my money again mom”. I contacted them and they explained to me how it’s my fault because I didn’t have enough money in my account? It doesn’t make sense! The money was there. The kids got paid. GL took the money and didn’t give it back. I’m over it and reporting them to the BBB and fbi cybercrimes.

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      Sales & MarketingPriceBilling

      Reviewed May 22, 2025

      I signed up for the month ‘risk-free’ trial and was immediately charged $10. When I contacted the company…which is difficult to do, they told me that I would be charged after 7 days…even though it said one-month free. When I signed up for the ‘free trial’ i selected the $3.99 monthly payment option thereafter- so I don’t even know how I was charged a $10 fee. I will be canceling asap and wish they never had received access to my checking account.

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      Sales & MarketingPriceMaintenance

      Reviewed Feb. 24, 2025

      This company is a complete scam. I set up a spending and investing account for my son. The only thing consistent about these accounts was Greenlight's fees and funding. Over the course of several months I noticed a disparity of hundreds of dollars between Greenlight's funding from my bank account and the money that was actually being moved into my son's account. They break federal law by not providing access to monthly statements, so it is basically impossible to track and then have the gall to charge a $10 monthly subscription fee.

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      Customer ServiceStaffRatesCommunication

      Reviewed Dec. 31, 2024

      Used this for a few years but now I got a new phone and had to log in to app. However, I failed to change my phone number in their system and I can no longer log in. I tried emailing, texting, going online and email responses state I have to call only to change the phone number. But the automated system will not allow me to speak to a human being and keeps sending codes to the old number. the automated responses are in codes and are not understandable. So now, I cannot even cancel my card or make any changes as they won't answer the phone!!! Also they raised rates and never notified me. So I cannot even cancel this card ever as I cannot reach a person.

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      Customer ServiceSales & MarketingPrice

      Reviewed Oct. 31, 2024

      How about negative stars? This company is a scam - do not use it. I plan on reporting their practice to the Consumer Protection Agencies. I opened an account with a debit card for my teen back in 2021. There was no mention of a monthly fee or overdraft fees. We never received any emails or text notifications of any fees throughout this entire time. I recently looked through our history transactions and lo and behold! I discovered that we've been charged a monthly fee of $14.98 month plus a $25 overdraft each week (for internal auto-transfers between the parent wallet and the child wallet). This added up to hundreds of unauthorized fees. In addition, it is not easy to talk to a person to dispute these transactions. You can not even download the transaction history. Stay away!

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      Customer ServiceSales & Marketing

      Reviewed Oct. 10, 2024

      The WORST. I transfer $300 from my bank to my child. Greenlight took the money out of my account 2x and even though I called seconds after I noticed this they won't GIVE IT BACK FOR 5 BUSINESS DAYS... SCAM actions at its finest. Don't trust them. CANCEL THIS ASAP!

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      Customer ServicePriceRefunds & Payouts

      Reviewed Oct. 3, 2024

      I woke up to my account being overdrawn by $229.01. I called Greenlight to make a fraud claim to get my money back. Even though I stated I am not in San Francisco eating at Jack in the Box and that the other four charges were also not me, they REFUSED to give my money back or take my claim. DO NOT GET AN ACCOUNT WITH THEM unless you want your money stolen.

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      Customer ServiceSales & MarketingStaff

      Reviewed Sept. 9, 2024

      My son had accumulated over $1000 in investments through his "Greenlight Investing" account, that is managed by Drivewealth. He turned 18 and wanted to transfer the securities to a Robinhood account so that he could manage his investments independently. As soon as we initiated the transfer, Greenlight/Drivewealth liquidated the positions (and he had accumulated quite a bit of stock in NVDA, AAPL, and others) and has refused to credit us for the full amount of the value of the securities that were held in his investment account as of market-close on Friday - about $200 is missing, of my son's money. DO NOT USE GREENLIGHT TO TEACH CHILDREN INVESTING! They are operating some kind of criminal scam and they took my son's hard-earned money instead of operating as a prudent fiscal custodian.

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      Greenlight Company Information

      Company Name:
      Greenlight
      Website:
      greenlight.com