Is Greenlight considered a prepaid card?

Yes, Greenlight is considered a prepaid card. Specifically designed for families, Greenlight offers a prepaid debit card alongside an app with parental controls intended to educate children about money management. The card allows parents to transfer money to their children's accounts, set spending limits, and monitor transactions. Additionally, it provides the option to reward children for chores or good behavior with financial incentives. Greenlight ensures a secure way for kids to learn how to handle finances while also giving parents peace of mind through oversight and control of spending habits.