
Greenlight Reviews
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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.
- First month is free
- No age restrictions
- Spending controls
- Beginner-friendly investment platform
- No overdraft or ATM fees
- 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
Cash-back credit card for parents
Flexible parental controls
Chore and allowance plans
Instant transfers
Savings tools
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
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 Company Information
- Company Name:
- Greenlight
- Website:
- greenlight.com








