Greenlight Reviews
Greenlight Customer Reviews (7)
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Greenlight Features and Benefits
Greenlight.com offers a prepaid kid's debit card that links to a parent's bank account or debit card. The key features and benefits include:
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Parental Controls and Spending Limits: Parents can limit where their child can use the Greenlight Debit Card and how much money they can spend. If a child tries to spend more money than they have for a specific category and spending controls are set, their debit card will be declined. Parents can also get notifications for spending and temporarily freeze a debit card.
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Chores and Allowance: Parents can create a list of chores for their child to complete. They can also set up automatic dates for allowance based on a flat rate, partial payment, or all-or-nothing payout.
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Savings and Spending: Kids use the Greenlight Debit Card to make purchases. They can also set savings goals to help save money for something in the future, like a trip or upcoming event. Users can earn up to 5.00% APY on Savings Goals and General Savings (for average daily balances of up to $5,000) through the Greenlight Savings Reward.
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Investing education and tools: Greenlight offers investing education and tools with their Greenlight + Invest plan.
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Family location sharing, SOS alerts, Crash detection with 911 dispatch, Driving reports, Real-time trip alerts: These features are included in the Greenlight Infinity subscription.
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Cash back and savings rewards: Users can earn 1% cash back on debit card purchases.
These features provide a comprehensive financial education platform for kids, while giving parents the tools they need to guide their child's financial journey. It's a great way to teach kids about personal finance and monitor their activity, especially if parents want to use savings and investing tools.
Greenlight Pricing
Greenlight offers several plans with transparent pricing. Here are the details:
- Greenlight Core: This plan costs $4.99 per month.
- Greenlight Max: The cost for this plan is $9.98 per month.
- Greenlight Infinity: This plan is priced at $14.98 per month.
The monthly fee covers up to 5 children and 2 adults per family. The first month is on us, and you can cancel at any time. If you would like to upgrade to a Custom Card, there is just a one-time fee of $9.99. Any subsequent replacement cards you might need will be $3.50 each. If you select expedited (2-3 business day) shipping for your custom card, there is an additional one-time fee of $24.99.
Payment Method
Greenlight.com offers various payment methods for its services. Users can make payments using credit or debit cards, and the platform supports Apple Pay, Google Pay, and Samsung Pay. To set up these payment methods, users need to activate their Greenlight card in the app and follow the respective setup instructions for each payment method. Additionally, users can schedule payments to their Family Cash Card through the Greenlight app.
For those looking for more advanced payment solutions, Greenlight Payments provides tailored options for businesses, including the SMARTaccept™ API technology. This allows businesses to send an amount and wait for a response from the proprietary SMARTaccept™ device.
If there is any other specific information needed, please let me know.
Greenlight FAQs
Greenlight Alternatives
Top 10 Greenlight.com alternatives:
- Copper Teen Banking: Offers $0 minimum balance, automated allowance payments, and financial education tools.
- GoHenry: Features real-time spending notifications, parental spending controls, and direct deposit capabilities.
- Mazoola: Provides secure digital wallet for kids with parental controls.
- Current: Includes savings goals, spending insights, and instant transfers.
- BusyKid: Allows kids to earn, save, spend, and invest their allowance.
- FamZoo: Offers prepaid cards for kids and teens with financial education.
- M1 Finance: Combines banking and investing with no fees.
- Acorns Family: Provides investment accounts for kids with financial literacy tools.
- Axos First Checking: Features no monthly fees, no overdraft fees, and parental controls.
- Chase First Banking: Offers customizable alerts, spending limits, and savings goals.
Greenlight Return Policy?
Greenlight.com has a return policy that is valid for 30 days from the date of purchase. Returns are only accepted if the product is defective, damaged, or expired. If 30 days have passed since the purchase, returns are no longer accepted. For purchases made with the Greenlight card, refunds will be transferred back into the Spend Anywhere balance or the Greenlight Spend Control for that particular store. If the funds are not transferred back, contacting the merchant directly is recommended.
How To Open A Greenlight Account?
To open an account on Greenlight.com, follow these steps:
- Visit Greenlight.com and click on the sign-up button.
- Sign up as a parent or guardian. This involves providing personal information such as name, address, date of birth, and Social Security Number for identity verification.
- Add your children to the account. Up to 5 kids can be added, and each child will receive their own Greenlight debit card.
- Set up the Parent’s Wallet by linking a debit card or bank account. This virtual wallet is used to load money and cover the monthly subscription fee.
- Verify the bank account and complete the registration process.
- Download the Greenlight app to manage the account and help kids set up their profiles.
If there is any other specific information needed, please let me know.
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