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Parenting means making endless decisions on behalf of your child. Trust me, as a parent of two, I know. You’ve already made the wise choice to get your kid a debit card specifically designed for minors.

Now, you need to decide which kids’ debit card to get. Since you’re here, it’s safe to say you’re considering Greenlight or Jassby, but are unsure which to choose.

Good news! I’m going to make that decision much easier for you. I’ve been in your shoes and have already thoroughly analyzed the top kids’ debit cards on the market.

Today, I’m going to give you all the information you need on both Greenlight and Jassby. For each card, I’ll start with an overview, go over the costs, highlight key features, and more, before giving my recommendation. For those curious about what else is out there, I’ve also included my thoughts on a few other debit cards worthy of consideration.

Greenlight vs. Jassby Comparison


greenlight logo transparent text thin leftAffiliate CTA Apply Nowjassby logo transparent text thin leftAffiliate CTA Apply Now
WealthUp Rating☆ 4.8 / 5☆ 3.7 / 5
App Store Rating☆ 4.8 / 5☆ 4.4 / 5
Price*Core: $4.99/mo.
Max: $9.98/mo.
Infinity: $14.98/mo.
$5.95/mo.
BillingMonthlyMonthly
Special OfferFree 1-month trialMonthly fee waived during first month of service
Allowed Cards Per Subscription56 (across both adults and minors)
Minimum Age**NoNone
Features That Make This Card Stand ApartExceptional parent controls; Max, Infinity: Identity theft, purchase, and phone protectionRewards, financial literacy materials

Basics

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SpendingYesYes
SavingYesYes
InvestingCore: No
Max, Infinity: Yes (Stocks and ETFs)
No
Giving/DonatingYesYes

Funding

greenlight logo transparent text thin leftjassby logo transparent text thin left
Funding Source(s)Bank account, debit cardBank account, debit card
Direct DepositYesNo
AllowanceYesYes
ChoresYesYes
GiftingYes (Free)No
Cash Reload FeeN/A (No cash reload)N/A (No cash reload)

Saving/Spending

greenlight logo transparent text thin leftjassby logo transparent text thin left
Savings APYCore: 1.0%
Max: 2.0%
Infinity: 5.0%
N/A
Round-UpsYesNo
Other Savings FeaturesParent-Paid InterestNone
ATM NetworkNoneNo ATM access
ATM Transaction Fee$0 (Greenlight does not charge an ATM fee, but it is not part of an ATM network, so an ATM operator fee will apply)N/A
Card NetworkMastercardMastercard
Compatible Mobile WalletsApple Pay, Google PayApple Pay, Google Pay, Samsung Pay

Parents

greenlight logo transparent text thin leftjassby logo transparent text thin left
Parental ControlsHigh (Store-level controls and limit setting)Medium (Transaction type-level controls)
Parental MonitoringYesYes
Parental NotificationsYesYes

Other Features

greenlight logo transparent text thin leftjassby logo transparent text thin left
Cash BackCore: No
Max, Infinity: 1%
No
Builds CreditNoNo
Customization optionsAny image you wantNo
Refund PolicyNo refunds given, month-to-month pricingNo refunds given, month-to-month pricing
Affiliate CTA Apply NowAffiliate CTA Apply Now
* Prices do not include processing fees when applicable.
** Many cards have different suggested minimum ages. We are only listing any hard-and-fast minimum age requirements.

Greenlight Overview


greenlight sign up new
Greenlight

The Greenlight debit card allows kids to begin spending, but provides parents with peace of mind by giving them control over where their kids can spend money. Parents also can choose to receive alerts that tell them when, and how much, money is spent on the Greenlight debit card.

Greenlight works like a prepaid debit card, allowing you to transfer money onto the card for your child to pay for expenses at approved locations. You can choose how much money to load onto the card, and your child will be cleared to make approved purchases so long as a money balance backs up the card.

If your child asks for extra money to get added to the card, you can have them take a photo of the purchase they want to make and receive your approval. This gives you control and allows you to have discussions with your child about why a purchase might be a good or bad idea.

And if your child has a job, they can add their own funds to the card as well.

Greenlight boasts numerous other features, too. For instance, parents can open an investment account for kids to get their children investing in stocks and ETFs for the first time.

Greenlight also offers monthly savings rewards based on your tier: 1% per annum for Core members, 2% per annum for Max, and 5% per annum for Infinity. You may set up “Parent-Paid Interest” between you and your child. This allows you to foot the bill and pay interest on accounts for up to five kids.

The Greenlight debit card is a good choice for parents looking to teach their kids the importance of saving money and making prudent financial decisions. This financial product can be an effective learning tool for helping kids to understand why saving should be a priority and how to simplify paying an allowance or tracking chores.

Greenlight has no minimum age requirements but recommends starting at age 6 or older.

Each monthly Greenlight subscription includes debit cards for up to five kids. Replacement cards cost $3.50 each but are free the first time. If you need to replace your card quickly, you can get express delivery for $24.99. The company also offers a personalized card, with your own photo or design, for $9.98 per year.

Read more in our Greenlight Card review.

Related: 40+ Ways to Make Money as a Teenager

Greenlight Plans + Costs


Greenlight has three subscription tiers that unlock and/or upgrade various sets of features:

PlanMonthly FeeFeatures Offered Under Plan
Greenlight Core$4.99

    - Greenlight debit cards for up to five kids
    - Educational app
    - Core financial tools
    - Granular parental controls (store-level and category-level)
    - Savings Reward: Earn 1% on savings
    - Ability to earn, save, spend, invest and give
Greenlight Max$9.98Everything under the Greenlight Core plan, plus:

    - Savings Reward: Earn 2% on savings
    - Investing platform (parents must approve all individual stock and ETF investments)
    - 1% cash back on purchases
    - Priority customer support
    - Identity theft protection (identity theft monitoring, alerting and restoration for the whole family)
    - Cell phone protection (coverage for damaged, lost or stolen phones for up to five kids)
    - Purchase protection (repair or replace Greenlight purchases that are stolen or damaged)
    - Greenlight Black Card (modern, bold and black card)
Greenlight Infinity$14.98Everything under the Greenlight Max plan, plus:

    - Savings Reward: Earn 5% on savings
    - Family location sharing (can toggle on/off)
    - SOS alerts (swipe to send an alert to emergency contacts, 911, or both)
    - Crash detection (alerts 911 when a crash is detected)

Greenlight offers a free one-month trial for all plans.

One thing to note about Greenlight: It does not have a fee-free ATM network. So while Greenlight doesn’t charge ATM fees, your child likely will incur third-party charges whenever they withdraw money from an ATM.

Related: Best Investing Apps for Teens [Stock Apps for Teens]

Greenlight Features


family mom dad kids children smartphone

Greenlight is an app and debit card that’s rich in bells and whistles. Read on as I go through some of its most noteworthy features. (Note: Features available on all plans unless otherwise noted.)

Greenlight Card

Every Greenlight account comes with Greenlight cards—a Mastercard-branded prepaid debit card—for up to five kids.

In general, prepaid debit cards are an ideal solution for parents who want to start giving their kids some financial independence without completely opening the floodgates. With Greenlight, parents load the parent wallet via either a debit card or an ACH transfer from a checking account. (Neither loading method charges a fee.) Parents then load each child’s Greenlight card from the parent app, and their kids can only spend what’s on the card. This prevents common spending missteps such as getting hit with non-sufficient funds fees or overdraft charges.

The Greenlight card can be used virtually anywhere Mastercard is accepted, in-store and online, in the U.S. and more than 150 other countries worldwide. (And no foreign transaction fees, either!)

Greenlight debit card accounts are Federal Deposit Insurance Corporation (FDIC)-insured for up to $250,000 per individual through the card’s partner bank, Community Federal Savings Bank (CFSB). And because the Greenlight card is a Mastercard, you enjoy Mastercard’s Zero Liability Protection, which doesn’t hold cardholders responsible for any unauthorized transactions as long as they used reasonable care from protecting the card from loss or theft and promptly reported any fraud to Greenlight.

Want to shake things up? Your kid can upgrade to a custom Greenlight card for a one-time fee of $9.99. And Greenlight offers one of the most customizable cards, allowing people to decorate their card with a picture of themselves, a pet, a graphic, and other types of fun images.

Related: Best Money Apps for Teens

Parental Controls

I think parental controls are one of the most important features of a kids’ debit card, and Greenlight has them in spades. In fact, I think Greenlight is the industry leader in parental controls.

Greenlight uses a permission-based spending rules system that allows parents to set rules that limit not just spending amounts, but types of spending categories and even specific stores. (In my personal testing of this product, I was able to limit spending at a local creamery where my family celebrates weekly “Ice Cream Fridays,” effectively making any store, big or small, within reach of the robust parental controls offered through the Greenlight product.)

greenlight adding store specific spending controls meadowlark

Greenlight also offers spending notifications, real-time money requests and approvals if children don’t have enough money for a purchase, and the ability to freeze a kid’s debit card if the card is lost or stolen or the parents want to temporarily disable it for some other reason.

Chores + Allowance

Greenlight lets parents automate allowance, and even link it to chores.

The parent picks a frequency (monthly, biweekly, even weekly) and amount for allowance. Then, they can set up rules determining how much is paid out, and when:

  • The allowance is paid out with no connection to chores.
  • A percentage of the allowance will be paid out depending on what percentage of their chores they completed. (In other words, they can get part of their allowance if they do part of the chores.)
  • The allowance will only be paid out if all chores are completed.

Chores can be assigned on a one-time or recurring basis. And parents can help kids divvy up their allowance or earnings among Spending, Saving, Investing, and Giving.

Savings Reward

Earned interest on savings accounts is a great way to motivate children to save more. While Greenlight technically doesn’t offer interest, it offers something awfully close: the Savings Reward.

Your child receives a monthly savings boost—1% for Core plans, 2% for Max, and 5% for Infinity—based on the average daily savings balance in their Greenlight account, on up to $5,000 of savings. (So, kids can earn a maximum of $50, $100, or $250 annually depending on the plan.)

Parent-Paid Interest

Parents can also help their kids save faster by turning on Parent-Paid Interest.

With Parent-Paid Interest, a parent sets an annual interest rate between 1% to 100%, then every month, the applicable amount (based on the average daily balance of a kid’s Total Savings, which is whatever’s saved in both General Savings and Savings Goals) is paid from the parent’s wallet to the child’s General Savings area.

Round Ups

Greenlight offers yet another way to help their kids save even faster: Round Ups. Round-up apps all generally work the same: Whenever you spend, the purchase amount is rounded up to the nearest dollar (or some other preset dollar level or percentage), and the “spare change” is set aside in savings. Some round-up apps are more flexible and customizable than others; Greenlight’s Round Ups feature is pretty straightforward, rounding up purchases to the nearest dollar.

Investing (Varies by Plan)

Greenlight offers commission-free investing across all its plans, though there’s a significant step up from the Core plan to the Max and Infinity plans.

With the Core plan, parents have access to Investing for Parents Lite, which allows parents to invest via a handful of exchange-traded funds (ETFs).

The Max and Infinity plans open up the full Investing for Parents, as well as Investing for Kids. Both provide access to more than 4,000 stocks and ETFs, and thanks to fractional shares, children and parents can invest with as little as $1. When kids invest, parents must approve every trade placed.

Not sure what you should invest in? Take Greenlight’s personalized quiz, and Greenlight will recommend a fund for you.

Level Up

Kids can learn more money management techniques through the financial literacy game Level Up. This interactive game teaches both young children and teens budgeting, investing, and other money skills with a curriculum and educational challenges that go beyond the K-12 national standards for personal finance education.

Family Cash Card

All Greenlight subscription tiers allow users to qualify for the cash-back Family Cash Mastercard. Parents can add their kids as authorized users to help them learn how credit cards function and establish a credit history. Building a credit history early on can make it easier for children to qualify for their own unsecured credit cards or other loans when they’re older.

You get a competitive 3% back when you spend at least $4,000 per billing cycle. Spending of more than $1,000 but below $4,000 earns 2% cash back, and spending of below $1,000 earns 1%. There is no limit to the cash-back rewards you can earn. Users can also auto-invest their cash-back rewards.

You can sign up for Greenlight here.

Related: Best Credit Cards for Kids

Jassby Overview


Jassby signup

Jassby is a mobile wallet app that families can use to manage chores, allowance payments, and money spent on the company’s flexible virtual and physical debit cards.

When you open a Jassby account, you receive digital debit cards that can be used online, as well as in-store anywhere Apple Pay, Google Pay, or Samsung Pay is accepted. But for extra flexibility, parents can order physical debit cards for their children that are good to use anywhere Mastercard is accepted.

Parents transfer money to their children’s Jassby debit cards via a linked bank account or debit card. Parents can receive real-time spending notifications, monitor the account, track purchases, block certain spending categories, and instantly lock or unlock their kids’ debit cards as needed.

The app also allows parents and guardians to share money with their kids while teaching them valuable financial literacy skills. Jassby offers courses, videos, games, and more through its Jassby University feature.

Jassby has an easy-to-use allowance function—just pick the amount, distribution (Spending and/or Saving account), frequency, and day of the week or month. Kids can also learn the merits of earning through Jassby through Activities (chores), or they can earn Jassby Rewards by logging into their accounts, receiving allowance, or even by completing Jassby University courses. (100 points = $1, which can be automatically transferred to the Jassby Spending account.)

There is no minimum age requirement to use the Jassby card, but Jassby says most kid members are between the ages of 8 and 17.

Related: Best Savings Accounts for Kids [Children’s Bank Accounts]

Jassby Plans + Costs


Jassby has just one paid subscription tier.

PlanMonthly FeeFeatures Offered Under Plan
Jassby$5.95/mo.

    - Jassby card for up to six family members
    - Parental controls
    - Financial literacy materials
    - Giving/donating capabilities
    - Rewards program

The monthly fee is waived for the first month of service. Those who created Essential Plan accounts before April 1, 2023, are grandfathered in at a rate of $3.95 per month.
Replacement cards cost $4.95 plus tax.

Related: 25 Best Jobs for 15-Year Olds

Jassby Features


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These are some of the most prominent features of Jassby. The account aims to be easy to use for both kids and adults.

Jassby Card

The Jassby card you receive upon opening your account is digital-only—you can receive a physical Mastercard debit card for free, but you must request it. Both forms are accepted anywhere Mastercard is accepted.

The digital card can be used online, and it can also be added to Apple Pay, Google Pay, and Samsung Pay for use in stores and other in-person locations. The physical card can be used both online and at in-store locations.

One Jassby account allows you to have up to six cards. And unlike many accounts that provide one parent card and all remaining cards for kids, you can spread Jassby’s six cards across multiple children and multiple adults.

Parental Controls

Jassby has several parental controls worth mentioning.

Jassby automatically restricts kid spending for anything categorized as dating services, liquor stores, lottery/gambling, and money transfers. Parents can also manually restrict certain spending categories, including clothing stores, digital goods, restaurants, and retail stores.

Parents can monitor transactions, receive spending notifications, and quickly lock and unlock the card from the app.

Jassby doesn’t offer dollar-amount controls. But because kids can only spend what’s in the account, parents can limit spending simply by managing how much money is in their children’s accounts.

Financial Literacy

Jassby University is the app’s robust financial literacy feature. Lessons include topics on saving, budgeting, and more. This all feeds a proprietary Jassby Financial Literacy score that reflects their progress, and kids are rewarded with points as they learn.

Rewards

Speaking of points, Jassby Rewards are a great motivator. Kids can earn points by doing basic financial actions such as logging into their accounts every week, making transactions, and receiving allowance. Plus, as I just mentioned, they can also earn points by learning about money. Jassby’s points system allows a kid to redeem 100 points for $1, which is put into their Jassby Spending account.

Giving Back

Through Jassby, kids can see how donating small amounts of money to a charity can make a difference, helping parents teach their children the importance of giving back. (Note: When kids go to the Charity section of the app, they will be sent to an external link listing charities—so don’t be surprised when it seems like you’re exiting.)

You can sign up for Jassby here.

Related: Should You Open a Child Bank Account With a Debit Card?

Greenlight vs. Jassby: Our Editors’ Choice Is …


Once you compare Greenlight and Jassby side-by-side, it becomes clear that Greenlight offers everything Jassby does—and more.

Both accounts make it easy for parents to send money to their kids and they stand out from other debit card competitors with their focus on building kids’ financial literacy skills through games and courses.

But Greenlight offers additional features you don’t want to miss. Users earn interest on their savings, get ATM access, roundups, and those with the Max or Infinity plan can even invest. Plus, you can get up to five cards per subscription, which can save families money.

While Jassby is a solid option, Greenlight is one of the best kids’ debit cards available today and the clear winner.

If you’d like to start a trial to see how the card fares for yourself, you can get started with your free Greenlight trial here.

Our Pick: Greenlight
Runner-Up: Jassby
4.8
3.7
Our Pick: Greenlight
Runner-Up: Jassby

Related: 26 Best Online Jobs for Teens [Earn Money at Home, Age 13+]

Other Debit Cards for Kids to Consider


If you’re still not convinced on Greenlight or Copper, you might want to look at these other highly rated options:

AppApple App Store Rating
+ Best For
FeesPromotions
greenlight transparent logo thinGreenlight☆ 4.8 / 5
Customer rating and parental controls
1 month free. Core: $4.99/mo. Max: $9.98/mo. Infinity: $14.98/mo. (Each plan supports up to 5 children.)Free 1-month trial
copper logo thinCopper Banking☆ 4.9 / 5
Teen financial independence
Copper $4.95/mo., Copper + Invest: $7.95/mo.30-days free
gohenry logo thinGoHenry☆ 4.6 / 5
Accessible customer service support
1 month free. Individual: $4.99/mo. Family (supports up to 4 children): $9.98/mo.1 month free
revolut logo thinRevolut <18☆ 4.7 / 5
Parent-paid bonuses
No monthly feesNone
Axos Bank logoAxos First Checking☆ 4.7 / 5
Teens ready to learn about money management
Free (no monthly fees)None
*Apple App Store Rating as of April 1, 2024.

Related:


Revolut <18 Disclosure

The Revolut prepaid card is issued by Community Federal Savings Bank, Member FDIC, pursuant to license by Visa.

About the Author

Riley Adams is the Founder and CEO of Young and the Invested. He is a licensed CPA who worked at Google as a Senior Financial Analyst overseeing advertising incentive programs for the company’s largest advertising partners and agencies. Previously, he worked as a utility regulatory strategy analyst at Entergy Corporation for six years in New Orleans.

His work has appeared in major publications like Kiplinger, MarketWatch, MSN, TurboTax, Nasdaq, Yahoo! Finance, The Globe and Mail, and CNBC’s Acorns. Riley currently holds areas of expertise in investing, taxes, real estate, cryptocurrencies and personal finance where he has been cited as an authoritative source in outlets like CNBC, Time, NBC News, APM’s Marketplace, HuffPost, Business Insider, Slate, NerdWallet, Investopedia, The Balance and Fast Company.

Riley holds a Masters of Science in Applied Economics and Demography from Pennsylvania State University and a Bachelor of Arts in Economics and Bachelor of Science in Business Administration and Finance from Centenary College of Louisiana.