Greenlight: The debit card for kids
Greenlight aims to teach children and teenagers financial literacy and responsibility early on. In a world where digital transactions are ubiquitous and understanding money management is crucial, the Greenlight debit card offers a fun introduction to finance. Our Greenlight review covers everything you need to know about this kid-friendly debit card - from features and sign-up to benefits.
What is Greenlight?
Greenlight is a financial company that has developed a debit card for kids, accompanied by an app. Parents can load money onto the card via the Greenlight app, while children learn to manage their finances responsibly. Since it's a debit card, not a credit card, kids can only spend what they have - a valuable life lesson.
Where is the card accepted?
The Greenlight Card is generally accepted wherever Mastercard is. This means your kids can pay in stores and online. Since cardholders are children, certain youth protection measures apply. The Greenlight kid's debit card works internationally in more than 150 countries, including Germany. The card is available for children and teenagers of all ages - Greenlight has no minimum or maximum age requirement.
Sign up: How to apply for the greenlight children's debit card
To sign up, you need to provide the following information:
Your email address and phone number
Your and your child’s first and last names
Your address
Your date of birth
Your social security number
A valid debit card or bank account
After you apply for the Greenlight Debit Card online, it will be sent to you within the next 7 to 10 business days. You can track the shipping status in the Greenlight app, which is available for iOS devices in the App Store and for Android devices on Google Play.
Greenlight app & debit card: features awaiting you
Greenlight is a popular and trusted banking app and debit card for children and teenagers, offering the following features:
Automatic allowance reloads
Linking allowance to chores, rewarding kids for their work
Kids can receive money from friends and family, with parental approval for each payment
Greenlight Level Up: Fun games teaching financial literacy
Up to 5% on savings, helping kids learn about compound interest and the value of saving
1% cashback on purchases with the Greenlight Card, credited to savings (Greenlight Max and Infinity models only)
Investment options to build long-term wealth (Greenlight Max and Infinity models only)
Find the right debit card for your family
Greenlight offers three models with varying features. Greenlight Core is the most affordable option, providing all basic functions but only 1% on savings and no cashback. Greenlight Max is more expensive, offering 2% on savings, 1% cashback, investment options, additional security measures like purchase protection and identity theft protection, and priority customer support. Greenlight Infinity provides 5% on savings and 1% cashback, along with features from Greenlight Max, including location sharing, SOS alerts, crash detection, and more to keep families safe and connected.
Benefits of the kid's debit card for parents
With the Greenlight kid's debit card, you can give your child more independence while maintaining control. Parents can benefit from:
Automatic allowance payments
Instant money transfers
Setting spending limits and locations
Real-time notifications of card use
Viewing spending history to monitor your child's budget
Deactivating the card via the app
Allowing money reception from friends and family with your approval
Managing chores and rewarding good work with money
How much does the debit card for children's cost?
Greenlight plans start at $4.99 per month and include debit cards for up to five children. The first month is free, and you can cancel anytime. Upgrading to Greenlight Max costs $9.98 per month, while Greenlight Infinity is $14.98 per month.
Greenlight Review
Greenlight is not just a debit card for kids but also a mobile app that allows parents to manage allowances easily and track where, when, and how much their children spend. Kids can earn, spend, save, and learn about finance along the way. Parents have various control options to help their kids towards financial independence. You can choose between three different Greenlight Cards: Core, Max, and Infinity. Pick the one that best fits your family and budget.
To find the right credit card for their children, parents should compare several providers. Find out what you need to consider in our guide!
What is the Greenlight Card?
Is the Greenlight kid's debit card safe?
How much does the Greenlight Debit Card cost?
- Greenlight Core: $4.99 per month
- Greenlight Max: $9.98 per month
- Greenlight Infinity: $14.98 per month
