Greenlight Debit Card for Kids

Prepaid Mastercard with low monthly account fee made for kids and teens

Updated: Apr 02, 2021

Advertiser Disclosure

Greenlight Mastercard issued by Community Federal Savings Bank is a perfect kid debit card for families with teenage children. With plenty of spending controls, work chores, and a real-time notification system, this card can help you teach your kids financial responsibility. Beautiful and intuitive mobile apps make using this card engaging and fun. The Greenlight card is part of the Mastercard network. It can be used on all terminals that accept Mastercards. It is also suitable for online shopping, given that it comes with additional safeguards to keep children from spending on sites inappropriate for their age.

ANNUAL FEE

See Terms

ONGOING APR

0% Fixed

INTRO APR

N/A

138 User Ratings

Greenlight Debit Card for Kids

at Greenlight Secured website

Apply Now

Application Fee

$0

Credit Reporting

No

Minimum Credit Needed

Accepts All

Key Features

  • Greenlight helps to raise financially-smart kids
  • The first month is free. No contracts.
  • Full parental control
  • Real-time notifications
  • Automated allowances
  • Instant transfers
  • Fully personalized prepaid Mastercard - selfies, sketches, the family pet or any art can be used as a card design
  • Greenlight Chores - manage weekly or one-time chores and motivate kids to get them done
  • Greenlight Mastercard is issued by Community Federal Savings Bank, Member FDIC

Our Take

Greenlight Mastercard debit card is a popular teen’s card available to families with kids who are otherwise underaged to apply for credit cards. The card is operated by Greenlight and issued by Community Federal Savings Bank. The requirements and qualifications for the Greenlight are minimal. Any family with access to a valid debit card and with a Social Security number can apply for it. The application is easy and very fast – the service approval and card delivery take anywhere from 5 to 10 days. The process can be expedited, but it costs more. This Greenlight value lies in its features built to help you automate allowance and teach your kids responsible spending and how to save money.

Who Is the Greenlight Card for?

This card is for any family with a child or several children. It provides an efficient way to manage allowances. It comes with an average monthly fee and no contract whatsoever. You can cancel it anytime you see fit. The card has no ATM withdrawal and foreign transaction fees. Thanks to an abundance of money management features, this card is perfect for families with young teens who need to learn the healthy principles of financial life. The issuer will supply up to 5 cards per family account for a fixed monthly fee.

RELATED: Famzoo vs Greenlight

What are the Benefits of Greenlight Debit Card for Kids?

  • Trial Period. New members get 1st month free. There is no contract – you can cancel anytime.
  • Multiple cards. Membership includes prepaid debit cards for up to 5 kids.
  • Full card personalization. Optional custom card design for $9.99.
  • Little fees. No transaction or overdraft fees. No International transactions fee
  • Straightforward application. The application is fast and is done all online. No minimum age. No minimum balance.
  • Financial education. Membership allows access to countless financial lessons for kids and parents
  • Referral Bonus. Every time a family you invite gets approved and funds the account, you will receive a symbolic bonus.

Are There Any Disadvantages

There are several disadvantages to keep in mind here.

  • No credit reporting. The cards are prepaid debit cards and do report activity to credit bureaus. Greenlight does not help to build credit.
  • No Rewards. Members do not earn rewards while using the app and the debit card. However, there is a referral bonus, which is a great perk of the service,
  • Limited direct deposit. Parents and kids are limited when it comes to direct deposit options. A family can make deposits via another debit card or bank account. If a child has a job, it can deposit the paycheck to the card. However, PayPal, Venmo, and Apple Cash remain unsupported.

What are Greenlight Fees and Plans?

PlanMonthly FeeBonusDetails
Monthly Fee – Greenlight$4.991st month is Free$4.99 per month, per family (up to 5 kids)
Monthly Fee – Greenlight + Invest$7.981st month is Free$7.98 per month, per family (up to 5 kids)
Monthly Fee – Greenlight Max$9.981st month is Free$9.98 per month, per family (up to 5 kids)
Only one fee plan, as selected by the primary accountholder, applies per monthly billing period

What are Greenlight Account Perks?

  • Weekly or monthly allowances. The other benefit is hidden in the features of the card support via a mobile app. Parents can automate allowance. Kids will be able to receive their funds on a weekly or monthly basis.
  • Chore List. In-app chore lists tied special to perks.
  • Real-time card usage notifications. Parents also have the kill switch of sorts in their hands. They can turn off the card at any given time. The built-in notification system lets parents find out how and where their kids spend money.
  • Parental Control & Fraud Protection. Parents can blacklist certain shops to prevent kids from purchasing there. When it comes to online shopping, there are several safeguards to prevent the card from being used on suspicious and inappropriate websites.
  • Savings Option. The saving feature is extremely beneficial in terms of helping the young ones appreciate the process of saving for the future. Parents can facilitate the decision by providing interest on the amount saved.
  • Investment Options. Upgraded membership plan allows access to investment features. Kids can invest their earn money in stocks.

Should You Use the Greenlight Debit Card for Kids?

If you have kids on a regular allowance rotation schedule and have little to no control of how they use the cash, this card is perfect for you. The issuer has removed all obstacles from the application process and has low requirements. It comes from a reputable issuer and with FDIC insurance. The great mobile app, no fee other than a monthly one, and dozens of features make it an excellent teen’s card.

Best Greenlight Alternatives Available for Application

Frequently Asked Questions

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Basic Information
Issuer: Other Issuers
Network: Mastercard®
Category: Consumer (Stored Value)
Best Used For:
  • Instant Decision
  • Prepaid & Debit
  • Teen Debit
  • Young Adults
  • Debit Card
Rewards: Yes
Reward Types:
  • Other Rewards
Reward Units: Cash
Rates & Fees
Annual Fee: See Terms
Opening Min: $1
Application Fee: $0
ATM Fee: $0
Other Fees:
  • Monthly Fees: $4.99, 7.98 or $9.98
  • Purchase fee: $0
  • ATM balance inquiry: $0
  • ATM withdrawal fee: $0
  • Customer service: $0
  • Card replacement: $3.50
  • Regular shipping (7-10 days): $0
  • Express card delivery: $24.99
  • Custom card fee (optional): $9.99

Greenlight Debit Card for Kids Alternatives


Greenlight Debit Card for Kids

Greenlight Debit Card for Kids

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Annual Fee

See Terms

Regular APR

0%

Intro APR

N/A

Min. Credit Level

Accepts All

IMPORTANT
*The information provided for Greenlight Debit Card for Kids is believed to be accurate at the time of evaluation or recent update on April 02, 2021. However, we strongly advise visitors to review the card fees and Terms & Conditions on the issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.

Greenlight Debit Card for Kids

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Greenlight Debit Card for Kids

Greenlight Debit Card for Kids

Min. Credit Required: Accepts All

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