FAMILY MONEY MANAGEMENT is an app that helps families manage their finances. It allows users to send and receive money instantly, set up direct deposit for working teens, and gives parents flexible controls over their kids' and teens' banking. The app also offers the ability to set savings goals and earn rewards, keep track of chores and pay automated allowances, and learn about investing. With Greenlight's debit card for kids and teens, users can receive real-time spending notifications and set spending limits. The app also features a money game to boost financial literacy and offers protection plans for purchases, identity theft, and cell phones.
The app has been praised by trusted sources such as The New York Times and Parents Magazine for its ability to facilitate important conversations about money and values between parents and children. With over 6 million kids and parents using the app, it has received positive reviews for its ease of use and convenience. Users have expressed appreciation for the app's ability to teach kids and teens about managing money and making financial decisions.
Greenlight offers three different plans to fit the needs of every family. The Greenlight Core plan includes a debit card and educational app for kids and teens, with the added benefit of earning 2% on savings. The Greenlight Max plan includes all of the features of the Core plan, plus 1% cash back on purchases, 3% on savings, and protection plans. The Greenlight Infinity plan offers all of the features of the Max plan, with the added benefit of earning 5% on savings and access to location sharing, SOS alerts, and crash detection.
For those in need of assistance, Greenlight offers 24/7 support and a help center. The app also prioritizes user privacy and offers options for California residents to protect their privacy and opt out of data sharing. Greenlight is not a bank, but rather a financial technology company that facilitates banking services through Community Federal Savings Bank. The app is also backed by Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor.
Overall, FAMILY MONEY MANAGEMENT is a comprehensive app that offers a variety of features to help families manage their finances. With its user-friendly interface and educational tools, it is a valuable resource for parents and children alike.