What is Greenlight? Greenlight Review, Features

Greenlight was founded in 2014 and is headquartered in Atlanta, USA. It is a youth financial services platform in the United States. Its main business is personal financial services for teenagers.

About Greenlight

• Greenlight, founded by Timothy Sheehan, is a provider of smart debit cards for children. The debit cards are issued by Community Federal Savings Bank. Parents can top up the cards through a mobile app. There are also restrictions on the types of goods that children can buy, and the children's spending records can be checked.
• Greenlight's debit card is connected to the parents' bank account. Parents can set the amount on the card and divide the money into two parts. One part is at the child's disposal, and the rest can be set to be used only in designated places, such as shopping malls, bookstores, schools, etc. These operations can be completed on the application developed by Greenlight for parents. In addition, the child will also have another version of the application to check the balance and spending limit on the card.
• Greenlight and Greenlight + Invest households earn 1% monthly rewards annually, and Greenlight Max households earn 2% annually on average daily savings balances up to $5,000 per household. Only Greenlight Max households earn 1% cash back monthly. To qualify, the primary account must be in good standing and have a verified ACH funding account.