Greenlight is a financial technology company that offers debit cards for kids and an app with kid-friendly educational information, savings tools and investing options. With Greenlight, parents can oversee their kids' money habits, set spending limits and restrict certain spending categories.

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.

Greenlight is a family fintech company that provides a debit card and money app designed to help parents raise financially-smart kids.

Cash Mastercard The Greenlight Family Cash Mastercard is part of a growing group of credit cards that can help parents turn rewards into education funds for their children. The basic premise is, earn cash back on everyday spending and deposit those rewards into an investment account such as a 529 plan.

Greenlight could be a good option if you want to teach your child about personal finance and monitor their activity, especially if you want to use savings and investing tools. There isn't a free option, though. Some of the best kids' debit cards may offer free plans or lower monthly fees.

Whether your child has a smart phone or not, they can download the Greenlight app onto any app-enabled device, such as a cell phone, iPad, or tablet and use it to view their account, chores, and make requests. Kids cannot access your Parent's Wallet or funding source with their account.

The best debit cards for kids and teens, compared

It's a way for kids and teens to learn a variety of important financial skills through hands-on experience. Greenlight isn't a traditional custodial account (it's a standard brokerage account for parents), but the Investing for Parents feature allows you to invest in a variety of assets to benefit your kids.

The Greenlight card is an excellent way to introduce kids to the world of personal finance and money management. Giving them their own card to spend or save with makes it easier to understand concepts like the difference between wants and needs in a hands-on way.

The Greenlight Debit Card is easily one of your best options thanks to an impressive feature set that helps you not only monitor spending, but also teach your child about money through budgeting, saving, earning rewards and even investing.

The immediacy of debit card transactions may encourage kids to budget and be intentional with their spending. And because debit card purchases are made with money that already sits in a checking account, you won't have to worry about paying interest on unpaid balances.

The Greenlight Debit card is no doubt one of the best debit cards for kids thanks to its comprehensive features and rewards opportunities. Though fees are unavoidable, they should be easy to justify if teaching your child good money habits is a top priority.