Is Greenlight a prepaid card?
Is Greenlight a debit card or prepaid
Greenlight App and Debit Card for Families. Greenlight is a debit card and money app for families, managed by parents. Greenlight gives parents the tools to manage and monitor spending as well as pay allowance, assign chores, set savings goals, donate to charity and more.
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What type of card is Greenlight
Using the Greenlight card for kids, parents can teach their children about budgeting, spending wisely, saving and investing. The Greenlight debit card is a secured debit card for kids, tweens and teens. This debit card bears the Mastercard logo and can be used anywhere Mastercard is accepted.
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Is Greenlight card accepted everywhere
You can use your Greenlight Card everywhere Mastercard is accepted, online and in store (as long as your parents approve). However, for privacy and security of our customers, Greenlight cards will not be accepted for the following transactions: Wires or money orders. Security brokers or deals.
How much does Greenlight cost per month
Monthly subscription fees range from $4.99 to $14.98, depending on which features you want access to. Many families who sign up for a Greenlight subscription find value in the included services, like the debit card and an education app for kids that provide parental controls and monitoring of spending.
Can I use my Greenlight card at ATM
Yes! Your child can use their Greenlight card at any ATM with a Mastercard, Visa Interlink or Maestro name or logo. The Greenlight card can also be used at any international ATM bearing these logos.
How much money can you put on a Greenlight card
Load Limits for Greenlight Prepaid Mastercard
| Load Limits | Amount |
|---|---|
| Maximum Debit Load Amount per Day per Primary Account | $1,500.002 |
| Maximum Debit Load per Month3 per Primary Account | $7,500.00 |
| Maximum ACH Load per Rolling Three Day Period per Primary Account – New Registration4 with Manual Verification5 | $300.002 |
Does Greenlight count as a bank account
Greenlight is a debit card issued from Community Federal Savings Bank. The bank is FDIC insured. But as noted earlier, FDIC insurance does not apply to investments.
Can Greenlight card be used at ATM
Yes! Your child can use their Greenlight card at any ATM with a Mastercard, Visa Interlink or Maestro name or logo. The Greenlight card can also be used at any international ATM bearing these logos.
How do I put money on my Greenlight card
The Greenlight Card can be loaded by connecting your bank account or debit card to the Greenlight app and then making an instant transfer to your Greenlight Parent's Wallet. Cash can be deposited into your individual bank account and then transferred.
Should a 12 year old have a debit card
Giving your 12-year-old a debit card is fine if they demonstrate the maturity and ability to handle money responsibly. However, it may not be a good idea if they still need help managing their savings or if they lose their wallet frequently.
How can I take money out of my Greenlight card
How to Transfer Money Out of a Greenlight CardGo to the online contact form.Fill out your information.Choose "Refund To My Bank"Include a description of your refund request.A support member will get in contact with you ASAP.
Can money be taken out of Greenlight
The maximum daily amount that can be withdrawn per card is $100/day, and the monthly maximum amount that can be withdrawn per family is $500 per rolling 30 day limit. Most ATMs charge a withdrawal fee – these fees are charged, per withdrawal, by the banks that operate the ATMs.
Where can I put money on my Greenlight card
The Greenlight Card can be loaded by connecting your bank account or debit card to the Greenlight app and then making an instant transfer to your Greenlight Parent's Wallet. Cash can be deposited into your individual bank account and then transferred.
Can anyone add money to a Greenlight card
With a Greenlight pay link, friends and family can safely and securely contribute money directly to a Greenlight child's account using their card, Apple Pay, or Google pay. Learn more about sending money with pay link here.
What is the youngest age to get a debit card
Teaching Your Teen to Use a Debit Card
If the teen is under 18 years of age, there typically needs to be a joint account holder (parent or guardian) who is at least 18 years old to sign up for an account.
At what age can a kid get a debit card
13
You can get a debit card from the age of 13 at most US banks when a parent or guardian opens a joint checking account on the child's behalf. These typically come with a contactless debit card or a cash card they can use to make ATM withdrawals.
How much money can you hold on a Greenlight card
Greenlight Fee Schedule and Balance Limits
| All Fees | Amount |
|---|---|
| Maximum card balance | – $10,000 per parent account – $5,000 per child account |
| Maximum daily and monthly spend limits (families) | – $1,000 per day per family – $5,000 per month per family |
| Maximum purchase limit | – $1,000 per day per family – $5,000 per month per family |
Is it OK for a 12 year old to have a debit card
Teens must share a joint account with a parent or guardian, since many banks require students to be 18 before getting an account on their own (although some banks, like Citizens, will open a standalone account for a 17-year-old; learn more here).
Is it OK for a 13 year old to have a debit card
What age can you get a debit card A child can typically get a teen debit card at 13 years old when a parent or legal guardian opens a teen checking joint account on their behalf. Teen checking accounts are typically available until the child turns 18.
How do I add money to my Greenlight card
The Greenlight Card can be loaded by connecting your bank account or debit card to the Greenlight app and then making an instant transfer to your Greenlight Parent's Wallet. Cash can be deposited into your individual bank account and then transferred.