Greenlight

What is Greenlight?

Greenlight is a family finance application that combines a debit card for children with parental controls over spending, saving, and investing. The documentation describes it as a tool for teaching money management, offering features such as automated allowance, chore tracking, and goal-based savings. Parents can set spending limits, receive real-time notifications, and choose which merchants or categories their kids can use. The service also includes an investing component, allowing older children to buy fractional shares with parental approval. Greenlight operates on a paid subscription model, with plans starting at $5.99 per month for the whole family and supporting up to five children per account.

Who is Greenlight for?

Greenlight is designed for parents who want to introduce their children to digital money management in a controlled environment. It targets families with kids and teenagers, typically ages 6 to 18, although the documentation notes that there is no strict age cut-off. The app is used by households that want to automate allowances, track spending habits, and offer early exposure to saving and investing. Because each subscription covers up to five children, it suits families with multiple kids. The higher-tier plans include additional benefits that may appeal to parents concerned about fraud or identity theft, as these plans offer coverage up to $100K for deceptive transfer fraud and up to $1M for identity theft.

How much does Greenlight cost?

The pricing page lists four subscription tiers, all billed monthly:

• Core – $5.99/mo with 2% savings rewards
• Max – $10.98/mo with 3% savings rewards
• Infinity – $15.98/mo with 5% savings rewards
• Family Shield – $19.98/mo with 6% savings rewards; includes up to $100K deceptive transfer fraud coverage and up to $1M identity theft coverage

All plans cover the whole family and include up to five children. The higher tiers offer progressively higher savings rewards rates on balances, as well as additional security features for Family Shield. No free tier is available. The prices cited are from the company’s public pricing page as of July 2026.