How does the Greenlight debit card function?

The Greenlight debit card is designed for kids and is administered by parents. It functions similarly to a standard debit card but with enhanced parental controls that allow the managing of funds and the monitoring of spending. Parents can load money onto the Greenlight card through a linked bank account, set spending limits, and specify the stores where their children can make purchases. Additionally, parents can use the accompanying mobile app to pay allowances, divide money into spend, save, and give categories, and even set interest rates on their kids' savings as an educational incentive. This enables children to learn financial responsibility while making purchases under the guidance and boundaries set by their guardians.