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. If your child loses his or her Greenlight card, you won’t pay for the first replacement.
Greenlight allows you to set up an allowance for your child. No, but they’ve partnered with Chase to offer. I hope all is well with you. The lady I spoke with was nice and even refunded the charges and sent me a "confirmation email" stating they had canceled my account. If you are unsure, you should get independent advice before you apply for any product or commit to any plan. There are other prepaid cards — such as BusyKid — that offer a lower fee. 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. I am not a financial adviser. Make Greenlight the focal point of that plan. The representative I spoke with (there were several), told me they were located in Salt Lake City, New Jersey! Absolutely terrible. Bottom Line: Yes, I would recommend this to a friend. Greenlight’s biggest downside is the flat monthly fee of $4.99. In addition to limiting spending, you can ban purchases at businesses and categories of companies you choose. The app lets you set spending limits for specific stores, plus you can indicate how much “fun money” they can spend out of their total account balance each month. Get up to five debit cards that you control from your main account — but it will come at a cost. While we receive compensation when you click links to partners, they do not influence our opinions or reviews.
I put $10 on each of my kids' cards so I could test them out. So I said and thought ok, it didn't go through. Together, these features help make Greenlight a safe option for your child. You can set up an unlimited number of chores in your child’s Greenlight account.
Many of the problems Android users complained about focused on laggy performance, random crashing, and login issues. I called and requested a cancellation again. I’m also pretty sure they have sold my information to a 3rd party. Show them how much you or you and your partner dedicate to spending and saving. Download the Greenlight app and set up a new account that includes you and up to five of your children. 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. Parents complained that it takes too long for checking account transfers to make it into their Greenlight wallet. Your child's debit card is linked to the Spend and Give accounts. 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). 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). Now that you have your card in hand, here’s how to make the most of it: You are about to post a question on finder.com: Subscribe to the Finder newsletter for the latest money tips and tricks. One, it is $4.99 per month, for what reason when you are adding funds to your kids' account? For an account I’m paying for a child to use as a prepaid account? If they start charging me like these other people have commented, I suggest we band together and seek a class action lawsuit. Then, you can make instant transfers. They will also learn how to build a budget, which is a great financial foundation for their future.
Share your experience to help others discover great products! 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. Aside from your operating system, there’s a consensus among parents and kids that the app and debit card are excellent. With the app, kids can earn, … Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. 30 reviews of Greenlight Networks "Greenlight doesn't seem to want me as a customer. New York, NY, 10016. NO, I am not satisfied with this card. Positive & Negative Reviews: Greenlight Debit Card For Kids - 10 Similar Apps, 4 Review Highlights & 85,171 Reviews. If you’re looking for a prepaid debit card with minimal to no fees, you’ll want to keep looking. I am totally dissatisfied with this card. 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.
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. I hope this helps.
This limit is pretty standard with most kids’ cards. You can set limits for the child to spend and the card WILL be declined if above that limit (unless you manually approve). Provides child a parent-controlled debit card, Android app isn’t as good as the iPhone app, 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, 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. Fish and Wildlife Service over its consultation of the Forest Service’s final environmental impact statement under the Endangered Species Act. (Here are our reviews of other online banks.) 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. This company has claimed this profile, is getting alerted on any new customer reviews entering this page, and may engage in dialogue with its customers to address their matters. We strive to ensure our content is clear and honest. It’s not the lowest, but it’s pretty average. Even if you don't use also, they charge you $5 on a monthly basis. 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. OK, so let’s say you’ve decided to get your child a card – or you’re at least open to the idea. Sort the table by monthly fee and ATM withdrawals to find a card that suits your needs. All Rights Reserved. This mutual appreciation for the app means Greenlight is meeting the needs of those who download 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. So I waited and did it again and of course, it said the same thing. Again, great concept and maybe I was just unlucky. I sent my grandson money to which he never received.
To get the most out of Greenlight, come up with a financial plan for your child before you sign up. (I always thought that city was in Utah!). However, all subsequent replacement cards will cost $3.50. Purchases they make at non-charitable organizations come from the Spend account. 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. All Rights Reserved, How to Maximize Credit Card Rewards on a Big Purchase.