Greenlight Kids & Teen Banking offers a variety of features that make it easy for parents to monitor their children's financial activities while providing young users with the tools they need to learn about money management. Below are some of the key features and functionalities:

1. Prepaid Debit Card for Kids: Greenlight offers a prepaid Visa debit card for kids and teens. This card can be used for online and in-store purchases, helping children learn how to spend money responsibly. The card can be customized with the child’s name and can be used at millions of locations that accept Visa.

2. Parental Controls: Parents can easily manage and monitor their child’s spending through the Greenlight app. They can set spending limits, approve or decline purchases, and track transactions in real-time. This ensures that parents have full control over where and how their children spend money.

3. Allowance Management: Greenlight allows parents to set up recurring allowances for their children, with the flexibility to adjust amounts and frequencies. Parents can automate allowance payments, making it easy for kids to manage their funds and understand the importance of budgeting.

4. Savings Goals: Greenlight allows kids and teens to set and track savings goals for specific items or experiences they want to purchase. Whether it's saving for a new toy, game, or a larger purchase, the app helps teach kids how to set, track, and achieve financial goals.

5. Earn Interest: Greenlight offers kids the opportunity to earn interest on their savings. By depositing money into their savings account through the Greenlight app, kids can watch their savings grow over time, providing them with an early introduction to the concept of earning interest.

6. Cash Gifts: Parents and family members can send cash gifts to children through the Greenlight app. This feature is useful for birthdays, holidays, or other occasions where family members may want to contribute to the child’s savings or spending account.

7. Spend Anywhere: With the Greenlight debit card, kids can make purchases online or in physical stores at any location that accepts Visa. This gives children the flexibility to make purchases within the boundaries set by their parents, while also giving them the experience of handling money in different environments.

8. Real-Time Notifications: Parents receive real-time notifications whenever their child makes a purchase or transaction. This ensures that parents are always in the loop and can quickly address any concerns or provide guidance on spending.

9. Greenlight App for Teens: Greenlight offers a teen-specific version of the app, which provides teens with more independence while still maintaining parental oversight. Teens can manage their own savings, view their spending history, and set financial goals, all within a secure environment that promotes responsible decision-making.

10. Educational Tools: Greenlight offers a range of educational resources and features within the app to help children learn about money management. These tools teach financial literacy concepts such as budgeting, saving, and investing in a fun and interactive way.

In conclusion, Greenlight Kids & Teen Banking provides a unique, comprehensive platform that combines real-world financial experience with parental control. The app helps kids and teens learn about money management, budgeting, and saving in a safe and controlled environment, while giving parents the tools they need to guide and supervise their children's financial activities.

For families looking to teach their children financial literacy in a hands-on way, Greenlight is an excellent option. Its prepaid debit card, savings goals, real-time notifications, and educational tools help children develop a healthy understanding of money. With Greenlight, parents can ensure that their kids learn good money habits that will benefit them well into adulthood.

Whether you're looking to help your child manage their allowance, teach them to save for a specific goal, or encourage smart spending, Greenlight offers an ideal solution. Download the Greenlight app today to get started on empowering your child with the skills they need to make confident financial decisions.