Tech Tip Tuesday: Greenlight Debit Card for Kids

April 30, 2019

 

 

This is a little different from our normal Tech Tip as it teaches kids how to be financially responsible.

 

With Greenlight®, the money you give your child is divided into two categories: money they can Spend Anywhere, and money they can spend ONLY at a store (or a kind of store) you’ve approved in advance. They call these permission-based spending opportunities “a greenlight.” The amount of money put into each category is controlled by the parent only, and you can change it any time.

 

If your child tries to spend at a store you haven’t approved in advance, and they don’t have enough Spend Anywhere money, then their card will be declined. Ouch! Fortunately, kids get a version of the app too, so they can check their balances and permissions before they walk into a store.

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