Greenlight Debit Card Review - Should Your Kids Use It?

By J.R. Duren
HighYa Staff
Updated on: Feb 10, 2020

Greenlight teaches kids how to manage their money via a debit card and app that their parents fund and set limits for.

The beauty of Greenlight is that you can unify all the aspects of your child’s financial life—spending, saving, giving, chores, and allowance—in one platform. So, instead of hoping that your child picks up good financial habits, you can take control of their learning with one easy-to-use system.

Use our review to understand how Greenlight works and the ways that you can leverage it to teach your child the basics of financial literacy.

  • Provides child a parent-controlled debit card
  • Low monthly fee
  • Has allowance and chore features
  • Android app isn’t as good as the iPhone app
  • Bank transfers take 3 to 5 days
  • Can’t deposit cash via ATM’s

How It Works

Download the Greenlight app and set up a new account that includes you and up to five of your children.

Within the app, your child will have three accounts where they can store money: Spend, Save, and Give.

During the set-up process, you’ll provide Greenlight with a debit card or checking account you’ll use to fund your accounts.

When it’s time to send money to your child’s account, you initiate a transfer that sends money from your connected account to your Greenlight wallet.

From there, you can transfer money to your child’s Spend, Save or Give account. Your child then uses their debit card to spend the money they accumulate in their accounts.

Greenlight does not allow parents or children to put money to the card via an ATM cash deposit.


Three Accounts for Kids

Your child gets a Spend, Save, and Give accounts they access through the app. Your child's debit card is linked to the Spend and Give accounts.

Purchases they make at non-charitable organizations come from the Spend account. Purchases they make with charitable organizations automatically come from your child’s Give account.

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.

A good technique would be to talk with your child about how they should divide up the money they earn from allowances and chores.

Show them how much you or you and your partner dedicate to spending and saving. Challenge them to adopt the same techniques you do.

If they agree to it, you can go into the app together and set savings goals as well as deposit money into your child’s spend and give accounts.

Spending Control

You can regulate how much your child spends at specific stores (Walmart, Target, etc.) and certain types of businesses (gas, theater, groceries, clothes).

For example, you can limit the amount your child spends at AMC theaters to $20 a month. The transaction will be declined if they spend more than that.

In addition to limiting spending, you can ban purchases at businesses and categories of companies you choose.

Also, you can set the app to send you notifications when your child makes purchases with their Greenlight debit card.

Additional control options you have as a parent and through Greenlight’s default settings include:

  • Choosing to allow/disallow ATM withdrawals
  • Turn off the card in the case of a lost card or suspicious spending
  • Wire transfers, money orders, and gambling deposits aren’t allowed
  • No cash back during purchases

The control you have over your child’s spending should be part of your overall strategy for teaching them about money.

Rather than using the app like a watchdog, pair it with weekly discussions about smart spending and budgeting.

Your child will learn why specific categories have spending limits. They will also learn how to build a budget, which is a great financial foundation for their future.


Greenlight allows you to set up an allowance for your child. Payment frequencies include:

  • Weekly
  • Every two weeks
  • Monthly
  • One-time

You set the frequency and amount, and you can tell the app where to send the money (Spend, Save, or Give).

Also, you can automate the allowances to withdraw from your Greenlight parent account without asking you for permission.


You can set up an unlimited number of chores in your child’s Greenlight account. Choose the chore, the dollar amount, and the date by which the task should be completed.

When your child finishes the chore, he or she can mark it completed. Greenlight will send you a notification and ask you if you want to fund the payment now or later.

One of the key financial principles your child needs to understand is the concept of income versus spending.

Allowances and chores are your child’s primary income source aside from any jobs they have. Your child’s Spend, Save, and Give accounts are where they spend/save their money.

Talk with them about how their spending and saving compares. Look over the past few months of their transactions and show them how much they spend, per month, and how much they earn.

If their past spending will exceed what they earn this month in allowances and chores, work with them to come up with a realistic spending plan.

Savings Interest

Greenlight lets parents set up interest payouts on their child’s savings account. You can choose a rate that you’d like to pay and then automate the interest payments.

This simple feature is an excellent tool for showing your kids how interest works and why it’s essential to save.

Fees and Limits


Greenlight is $4.99 per month per family with no additional fees. If your child loses his or her Greenlight card, you won’t pay for the first replacement. However, all subsequent replacement cards will cost $3.50.


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:

  • Max balance in parent’s account: $10,000
  • Max balance in child’s accounts: $5,000
  • First deposit into parent account: At least $20
  • Max monthly debit card deposits to the parent’s account: $2,500
  • Max daily ACH transfer amount to parent’s account: $100
  • Max monthly direct deposit amount for the family: $5,000
  • Max purchases per day: $1,000
  • Max purchases per month: $5,000

Analysis of Customer Reviews

We read through reviews in the iTunes and Google Play stores to discover trends that are important to your experience as a Greenlight user:

Makes Spending Easier

  • Parents and children commented that the Greenlight debit card makes spending much more comfortable than if kids had to carry around cash.
  • Multiple parents noted that the debit card eliminates the possibility of kids losing money they get from birthdays and holidays.

Kids Love It

  • Many kids say they like the convenience the card offers.
  • They expressed excitement about receiving the card.

Bank transfers are slow

  • Parents complained that it takes too long for checking account transfers to make it into their Greenlight wallet.
  • While it takes 3 to 5 days to do an ACH transfer, you can skip the wait by connecting a debit card. Then, you can make instant transfers.

Multiple issues for Android users

  • Greenlight’s average Google Play review is nearly a full star lower than its iTunes average.
  • Many of the problems Android users complained about focused on laggy performance, random crashing, and login issues.

Review Takeaways

Reviews are clear that the iOS experience is a much better one than the Android experience. So, if you’re an iPhone user, there’s a good chance you’ll have a pleasant experience.

Aside from your operating system, there’s a consensus among parents and kids that the app and debit card are excellent. This mutual appreciation for the app means Greenlight is meeting the needs of those who download it.

If you choose to use Greenlight, leverage its useful function with an overall financial literacy strategy for your child. Teach them about the importance of budgeting, spending wisely, saving, and charitable giving.

The Bottom Line

Greenlight’s popularity among parents and kids is an excellent indication that it can be a fun, manageable way you can teach your children about how to be smart with their money.

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.

To get the most out of Greenlight, come up with a financial plan for your child before you sign up. Make Greenlight the focal point of that plan. Incorporate the app’s features into your explanations of budgeting, spending, saving, and giving.

Customer Reviews

Start your review of Greenlight:
  • 50 Customer Reviews
  • 42% Recommend This Company
2.8 out of 5
5 star: 42% 4 star: 2% 3 star: 2% 2 star: 0% 1 star: 54%

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  • No complaints whatsoever

    • By Jamie K.,
    • Austin, TX,
    • Sep 10, 2020
    • Verified Reviewer
    • Length of Use: 2+ years
    Overall Experience:

    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. I am reading the complaints from everyone on this site and most of what they are describing can be easily addressed by setting up the profile/settings properly.

    1. You can set limits for the child to spend and the card WILL be declined if above that limit (unless you manually approve).

    2. Each child has their own login/passcode - they do not have access to my parent wallet.

    3. You have to set an ATM limit if you want them to be able to pull cash out of an ATM (super simple in the app).

    We are super happy with the service - and if the card isn't working properly, I would recommend checking your settings, etc.

    Pros and Cons:

    • 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)
    • Parent Paid Interest for their Savings
    • Notification of purchases
    • 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)

    Bottom Line: Yes, I would recommend this to a friend

  • Not user-friendly

    • By Mia H.,
    • Jacksonville, FL,
    • Jun 28, 2020
    • Verified Reviewer
    • Length of Use: Less than 3 months
    Overall Experience:

    I am totally dissatisfied with this card. One, it is $4.99 per month, for what reason when you are adding funds to your kids' account? 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. 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. Example, I added $30 to my child's wallet, and every time I entered the amount it said unable to reach Greenlight. So I said and thought ok, it didn't go through. So I waited and did it again and of course, it said the same thing. Well, later when I checked, it went through each time I added it.

    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. When trying to go to an ATM you can only withdraw $105 a week. I can just add my child to my account and transfer money to the checking account and it won't charge $5 a month for them to have a card. NO, I am not satisfied with this card.

    Bottom Line: No, I would not recommend this to a friend

  • Bogus security hold

    • By Roland B.,
    • Folsom, CA,
    • Jun 24, 2020
    • Verified Reviewer
    • Length of Use: Less than 3 months
    Overall Experience:

    Absolutely terrible. 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 prefer to teach my grandson how much things cost. He understood he was using his money for something he wanted. He didn’t understand why (for the second time, btw) that the bank wouldn’t give him his money. He has special needs and this capricious action by this horrible bank or money laundering outfit greatly disappointed a young child. I guess he should learn early on that there are rip-off artists everywhere.

    Pros and Cons:

    • No “pros” were specified in this review
    • Poor customer service
    • Judgements capricious decision making

    Bottom Line: No, I would not recommend this to a friend

  • Sent money to grandson who never received funds

    • By Jennifer T.,
    • Phoenix, CA,
    • Jun 16, 2020
    • Verified Reviewer
    Overall Experience:

    I sent my grandson money to which he never received.

    I emailed the support group (oh my, imagine, they won't answer their phones due to COVID), requesting the funds be returned to my account that were taken out immediately.

    The only response I have received is they are working on it, this was 3 days ago.

    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.

    Meanwhile, my grandson and I are out the money.

    Pros and Cons:

    • Sounds like a good idea
    • No way to talk to anyone
    • Doesn't return unreceived funds

    Bottom Line: No, I would not recommend this to a friend

  • Terrible

    • By Shannon N.,
    • California,
    • Jun 3, 2020
    • Verified Reviewer
    • Length of Use: Less than 3 months
    Overall Experience:

    Horrible experience with Greenlight. I’m also pretty sure they have sold my information to a 3rd party. I have been getting unsolicited calls, emails, and text after dealing with this company. I certainly wish I had never provided our personal information to them. The representative I spoke with (there were several), told me they were located in Salt Lake City, New Jersey! (I always thought that city was in Utah!). Have not spoken to even 1 American citizen since dealing with them. Not sure what this company is up to, but something sure doesn’t feel right.

    Pros and Cons:

    • No “pros” were specified in this review
    • The misinformation
    • Lack of professionalism
    • Disregard for customers

    Bottom Line: No, I would not recommend this to a friend

  • Charged before completing registration

    • By Sharity M.,
    • Kentucky,
    • Apr 21, 2020
    • Verified Reviewer
    Overall Experience:

    I was reviewing several cards to decide which to get for my teen, and Greenlight was one of them. Their website is very unclear and ambiguous. I was only searching for info, and did not intend to settle on a card yet, but in order to get more info, I put in my information, and ended up getting charged $17.93, and I didn't even complete the registration! Plus, it's supposed to be free anyway. They sneak that $20 fee in the fine print, even though it says free on every "page" of the site, their ads say free, the info that Google gives you when comparing it to similar cards says free! I emailed them and told them that I do not want a card with them, requested a refund, and let them know that their site is ambiguous and misleading. I guess we'll see how it goes. If they start charging me like these other people have commented, I suggest we band together and seek a class action lawsuit.

    Bottom Line: No, I would not recommend this to a friend

  • Terrible experience

    • By Shanda V.,
    • Arizona,
    • Apr 10, 2020
    • Verified Reviewer
    Overall Experience:

    I tried registering for this card for my son a few months back and it kept kicking me back to the main page not saying I was registered or not. I just retried to sign up again and it did the same thing and I contacted customer service and they want me to send in a copy of my DL and a copy of my utility bill? For an account I’m paying for a child to use as a prepaid account? Nah, not sending all my personal information for a prepaid account that couldn’t be registered. If registration is hard to get through I know that customer service for this will not go smoothly either.

    Bottom Line: No, I would not recommend this to a friend

  • Fine while I used it - but continued to charge after "confirming" my requested cancellation

    • By Carol W.,
    • Florida,
    • Oct 11, 2019
    • Verified Reviewer
    Overall Experience:

    This service was ok while I used it. I canceled it - or at least tried to - TWICE after my kids got their "grown-up" bank accounts.

    The first time, I was charged for a few months before I realized it. I called and requested a cancellation again. The lady I spoke with was nice and even refunded the charges and sent me a "confirmation email" stating they had canceled my account. But lo and behold! The very next month, I was CHARGED AGAIN!

    This is getting pretty ridiculous.

    Bottom Line: No, I would not recommend this to a friend

  • Greenlight Card is waste of investment

    • By Vijay K.,
    • Palm Beach Gardens, FL,
    • Jul 25, 2019
    • Verified Reviewer
    Overall Experience:

    Greenlight card is a scam. Even if you don't use also, they charge you $5 on a monthly basis. Also, they tell you that you would get $20 as part of joining which is total lie. They hide all these while issuing the card. Later you will be shocked to know all these things.

    Please do not get this waste card!

    Bottom Line: No, I would not recommend this to a friend

  • Wish I had researched it more

    • By Crystal O.,
    • Pittsburgh, PA,
    • Jun 19, 2019
    • Verified Reviewer
    Overall Experience:

    I thought it sounded simple enough and a great way for kids to have money for the summer. I put $10 on each of my kids' cards so I could test them out. I cannot get either card to work at three separate locations. If an adult cannot easily use this then how can a child? Considering that every store's register system is different, it's too difficult to explain to a kid when to hit debit/charge red/green, yes/no, enter pin.

    Bottom Line: No, I would not recommend this to a friend

  • Card activation

    • By Pedro M.,
    • Florida,
    • May 18, 2019
    • Verified Reviewer
    Overall Experience:

    The concept and the marketing are great. My experience was negative just because it took soooo much back and forth to get the card activated and then did not recognize my debit card even though I had to verify that very same card in order to activate it. I don't normally write reviews since I don't have time to do so, but I wasted so much time with Greenlight that I thought I needed to share my experience. Again, great concept and maybe I was just unlucky.

    Bottom Line: No, I would not recommend this to a friend

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