greenlight reviews

Please appreciate that there may be other options available to you than the products, providers or services covered by our service. But it has an unavoidable monthly fee. Regarding your question, the answer is no. Teach them about the importance of budgeting, spending wisely, saving, and charitable giving. We may receive payment from our affiliates for featured placement of their products or services.

Within the app, your child will have three accounts where they can store money: Spend, Save, and Give. Greenlight teaches kids how to manage their money via a debit card and app that their parents fund and set limits for. Allowances are transferred on a weekly basis (without much effort on my part at all), Allowances will not be paid if I have not transferred the amount to my parent wallet (if the the parent wallet balance is below the transfer), Not sure how to move money from the parent wallet back to my account if needed (I have a teen that pays me back for items I purchase). They will also learn how to build a budget, which is a great financial foundation for their future. Meanwhile, my grandson and I are out the money. I am totally dissatisfied with this card. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. WRONG, it did go through, so if you were adding only $50 to your child's wallet, however many times it says "unable," it actually went through.

I have 3 kids (17, 14, 12), all have their own Greenlight card and have been using it without issue for about 2.5 years.

You can regulate how much your child spends at specific stores (Walmart, Target, etc.)

The app is not good, every time I go to add money it always says unable to reach Greenlight, so you automatically think your transfer did not go through. You can set up an unlimited number of chores in your child’s Greenlight account.

New York, NY, 10016. Your child can freely move money from their spend-anytime account to savings, but to move money from savings, they’ll have to send you a request. $1.67 per month ($19.99 annually) includes free card; $0.67 per month ($7.99 annually) for additional cards. The app also comes with a savings account that has parent-paid interest, so you can reward your kid for choosing to save vs. spend.

I agree to the Privacy and Cookies Policy, finder.com Terms of Use and to receive emails from Finder. Greenlight has a series of limits on how much money you can have in your wallet, how much your child can have in his or her account and other restrictions: We read through reviews in the iTunes and Google Play stores to discover trends that are important to your experience as a Greenlight user: Reviews are clear that the iOS experience is a much better one than the Android experience. Even if you don't use also, they charge you $5 on a monthly basis. Your child will learn why specific categories have spending limits. BusyKid Review: Is It Effective for Your Kids? I certainly wish I had never provided our personal information to them.

Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. Rhys Subitch is a writer and editor at Finder who tackles topics across the site. I have been getting unsolicited calls, emails, and text after dealing with this company.

As a parent, you can set spending controls that are just right for your child, and you’ll get instant notifications each time they spend money. All Rights Reserved, How to Maximize Credit Card Rewards on a Big Purchase. Make Greenlight the focal point of that plan. We may rely on information that is provided to us. You can set limits for the child to spend and the card WILL be declined if above that limit (unless you manually approve). Please tick the box if you wish to continue with newsletter subscription. With the app, kids can earn, … Debit Card for Kids and Teens that parents manage through an app. This simple feature is an excellent tool for showing your kids how interest works and why it’s essential to save. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Finder.com LLC.

Aside from your operating system, there’s a consensus among parents and kids that the app and debit card are excellent. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. Optional, only if you want us to follow up with you.
The content on this site is for informational and educational purposes only and should not be construed as professional financial advice.

As a parent, you want to set your kids up for success any way you can — and that likely includes teaching the value of earning and saving money. Also, you can automate the allowances to withdraw from your Greenlight parent account without asking you for permission. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Also, I don't want to have to go to the app each time he goes to a different store to change it to spend anywhere. Challenge them to adopt the same techniques you do. The Greenlight card has several features I really like that likely would appeal to other parents, too, all managed via the parent version of the Greenlight app. Unlike a credit card, at its core Greenlight is a prepaid debit card like any other. During the set-up process, you’ll provide Greenlight with a debit card or checking account you’ll use to fund your accounts. The primary accountholder needs to meet these requirements: The primary accountholder will give the following information when they sign up: The child’s prepaid debit card can be funded by: The card should arrive five to seven business days after the parent account is verified and approved. Each child has their own login/passcode - they do not have access to my parent wallet. Finder is committed to editorial independence. Hmm, how long does it take to pull up an account see that the funds are not there and see that they did take the money out of mine; I am in finance, not long. One of the key financial principles your child needs to understand is the concept of income versus spending. All Rights Reserved. So, if you’re an iPhone user, there’s a good chance you’ll have a pleasant experience. Within the app, your child will have three accounts where they can store money: Spend, Save, and Give. Show them how much you or you and your partner dedicate to spending and saving. To ensure you have the most up to date information, you should verify relevant information with the product or service provider and understand the information they provide.

Learn how we make money. Bottom Line: Yes, I would recommend this to a friend. The ability to assign chores, provide allowances, and regulate where and how much your kids can spend their money creates a positive environment for financial understanding. What countries can the Greenlight card be used in? It’s not the lowest, but it’s pretty average. When trying to go to an ATM you can only withdraw $105 a week.
This limit is lower than what you’ll find with other cards. To get the most out of this feature, use the three-account system in Greenlight to help your child understand the principles of spending, saving, and giving. If your child loses his or her Greenlight card, you won’t pay for the first replacement. I was told it was suspicious that the first transaction, which was taking my grandson to the ATM to withdraw $20 so he could buy a scooter the neighbors were selling at a yard sale, they told me I should have just given him the money. I guess he should learn early on that there are rip-off artists everywhere.

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