Greenlight is a great option for parents looking to teach their children about responsible financial habits and how money works in the real world. However, just because Greenlight stands atop the debit card for kids market doesn’t mean it is always your best choice. Other prepaid cards offer similar features at different price points better adjusted to your needs and situation.
A prepaid card is a type of payment card that can be loaded with funds in advance and then used to purchase goods or services without incurring debt from the issuer.
The Greenlight app offers a feature-filled financial platform meant to help parents teach their kids important personal finance skills and build useful money habits including how to save, earn, invest, spend and give money responsibly.
We’ve compiled a list of the best alternatives to Greenlight that should work for your needs. Look at each and compare which one makes the most sense for your needs.
What are the Best Greenlight Alternatives to Consider?
Need insight and oversight into your child’s spending and saving? You can set spend alerts and limits as well as specific locations all in your Chase Mobile® app.
The account competes with Greenlight by working as a joint account between a parent or guardian and their teen, allowing for easy-to-set, customizable parental controls with a debit card dashboard.
goHenry is a banking app for minors that competes with Greenlight debit card and comes paired with prepaid debit cards for parents to oversee and manage their children’s account balance.
BusyKid is an award-winning, parent-approved app that educates kids about money and personal finance while competing with Greenlight debit card. It’s a way to teach your children how to manage their allowance and learn important money lessons.