Greenlight
Greenlight Debit Card for Kids & Teens
By Alex Compton · Last verified
Family money tools with chores and spending controls
Insurance: Card issued by Community Federal Savings Bank, Member FDIC; deposits FDIC insured through the partner bank
Account Terms History
A dated record of APY, fees and opening requirements. New changes append to this table; prior terms remain visible.
| Observed | APY / yield | Monthly fee | Minimum | Evidence |
|---|---|---|---|---|
| 2026-10-23 | 2% savings reward on Core, up to 6% on Family Shield (on up to $5,000 per family) | $5.99-$19.98 per family for direct plans; eligible bank-sponsored plans may be complimentary | Initial funding requirements apply; confirm during signup | Greenlight U.S. Bank Select eligibility and funding terms →Scoped pricing clarification: direct plans have subscription fees, while eligible U.S. Bank customers can receive sponsored Greenlight Select subject to funding conditions. Removed universal no-free-plan and unsupported comparative claims. October 22 full-record verification date preserved. |
| 2026-09-04 | 2% on Core; 3% on Max; 5% on Infinity; 6% on Family Shield, up to $5,000 per family | $5.99 Core; $10.98 Max; $15.98 Infinity; $19.98 Family Shield | None | Greenlight plan comparison and disclosures →Reconfirmed all four plan prices, savings-reward rates, five-child family limit, cash-back eligibility, and protection-tier features |
| 2026-06-11 | 2% on Core; 3% on Max; 5% on Infinity; 6% on Family Shield, up to $5,000 per family | $5.99-$19.98 per family | None | Archive record · no attached snapshotLegacy snapshot before event-level evidence attachments |
Primary-source verification log
Append-only evidence ledger- changed
Scoped pricing clarification: eligible bank-sponsored Select can be complimentary; direct-plan prices remain. Preserved October 22 full-record date and prior history.
Fields: monthlyFee, tagline, pros, ourTake, termHistory
Greenlight U.S. Bank Select eligibility and funding terms → - confirmed
Confirmed no Greenlight ATM fee and signup funding requirements; operator fees can apply.
Greenlight fees → - changed
Checked four plan prices, rewards, family cap, insurance and controls against plans; distinguished plan rewards from parent-paid interest and corrected opening-funding wording using no-hidden-fees page.
Fields: lastVerified, minimumOpen, features, pros, cons
Greenlight plans → - confirmed
Reconfirmed all four public plan prices, savings-reward rates, five-child family limit, cash-back eligibility, and protection-tier features
Fields: termHistory, lastVerified
Greenlight plan comparison → - confirmed
Official fee disclosure confirms no Greenlight ATM withdrawal fee, possible operator fees, and conditional pass-through FDIC eligibility at Community Federal Savings Bank
Fields: atm, fdic
Greenlight fee and FDIC disclosures →
Plan Options
Core
$5.99
2% savings reward
- ▸Debit cards for up to 5 kids with parental spend controls
- ▸Chores, allowance automation, and savings goals
- ▸Level Up financial literacy game
Max
$10.98
3% savings reward
- ▸Kid investing with parental approval on every trade
- ▸1% cash back on spending
- ▸Identity theft, phone, and purchase protection plus priority support
Infinity
$15.98
5% savings reward
- ▸Everything in Max
- ▸Family location sharing with SOS alerts and crash detection
- ▸Driving reports and real-time trip alerts for teen drivers
Family Shield
$19.98
6% savings reward
- ▸Everything in Infinity
- ▸Three-bureau credit monitoring, credit lock, and dark web monitoring
- ▸Up to $100k deceptive transfer fraud coverage and up to $1M identity theft coverage
Features
- ▸Parental controls down to the store level: set limits per spending category or block merchants
- ▸Automated allowance tied to chore completion
- ▸Savings goals with plan-based rewards on up to $5,000 per family; optional Parent Paid Interest is separate
- ▸Real-time purchase alerts and instant card lock from the parent app
- ▸Kid-facing investing (Max and up) where every trade requires parental approval
- ▸Direct deposit for teen paychecks
- ▸Family location sharing and driving safety tools on Infinity and up
Pros
- +Store/category spending controls and chore management in one family app
- +One subscription covers up to five kids
- +Plan-based savings rewards up to 6%, subject to the $5,000 family cap and eligibility requirements
- +Investing, credit monitoring, and driving safety make it a true family platform at the top tiers
Cons
- −Direct subscriptions cost about $72-$240 a year before applicable taxes
- −Savings reward only applies to $5,000 per family
- −Cash back requires the $10.98 Max tier
- −Easy to overbuy tiers; most families never use the safety add-ons
Our Take
Greenlight suits families who will use chore management, store/category spending controls and one subscription for several children. Check for a bank-sponsored plan before paying directly; eligibility and funding requirements vary. Compare a paid upgrade by the features you will use, not the headline savings reward alone. Capital One MONEY offers joint checking, automatic allowance and flexible deposits without a monthly fee, but does not advertise the same chore and store-control workflow.
Best for: Families with multiple kids who want serious parental controls and will use the platform features
Open at Greenlight →Last verified 2026-10-22
Head-to-Head Comparisons
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