greenlight prepaid mastercard
Other factors, such as our own proprietary website rules and the likelihood of applicants' credit approval also impact how and where products appear on this site. In the app, kids and parents create their own logins with two different experiences. We can make no representations and warranties about the nature of your Invest Account(s) which will be held by DriveWealth, and we encourage you to review all of the DriveWealth agreements and disclosure documents further described under Invest Account Services below. Debit Card for Kids and Teens | Greenlight Get started Learn to earn, save, and invest together. While the Greenlight monthly fee may be too much for some families, other families may find the value Greenlight provides including parental controls and the ability to limit spending to be well worth the cost. Children over 16 years old can use their Greenlight debit cards to make purchases through Google Pay. ADDITIONALLY, COMMUNITY FEDERAL SAVINGS BANK IS NOT RESPONSIBLE FOR ANY FUNDS UNTIL SUCH FUNDS ARE ACTUALLY RECEIVED BY US FOR THE CREDIT TO YOUR CARD ACCOUNT. However, the company doesn't have a Greenlight credit card because the card is for children, and they can't spend money they don't have in their accounts. It includes parental controls to help manage money as well as financial tools for teaching children about budgeting and saving. By authorizing a Secondary Cardholder to load by direct deposit, the Primary Accountholder, or an Authorized Approver, is authorizing the employer to deposit funds into the Secondary Account. Get $20 this season when you make two new direct deposits of $500+ by 6/30/22.*. Set flexible parental controls that are right for your family and get real-time notifications every time your kids spend money. If there are insufficient funds in the Primary Account, the Monthly Fee will be withdrawn from your Funding Account, pursuant to the authorization provided by the Primary Accountholder to the Issuer in this Agreement. The fee is $4.99 per child per month (or $9.98 . Secondary Cardholderis any individual authorized to use a Secondary Account by the Primary Accountholder. For purposes of this Agreement, the term Claim shall have the broadest possible meaning. Works with existing iOS and Android phones. If (i) after an initial load your Card Account balance is $0.00 and your Card has been inactive for three (3) or more months; or (ii) your initial load was unsuccessful and you havent completed any loads from any other sources within two weeks following your initial load attempt, then your Card Account may be closed. The Brink's Prepaid Mastercard provides cardholders with an easy way to pay and manage money prior to opening a credit card or secured card account. Credit card reviews and listings express the opinions of the author alone, and not those of any credit card issuer. 2022 Greenlight Investment Advisors, LLC (GIA), an SEC Registered Investment Advisor provides investment advisory services to its clients. 1-888-483-2645. FOR THE AVOIDANCE OF DOUBT, THE INVEST ACCOUNT IS NOT MAINTAINED BY COMMUNITY FEDERAL SAVINGS BANK, AND ANY SECURITIES OR FUNDS IN THE INVEST ACCOUNT ARE NOT DEPOSITS OR OTHER OBLIGATIONS OF COMMUNITY FEDERAL SAVINGS BANK, ARE NOT GUARANTEED BY COMMUNITY FEDERAL SAVINGS BANK, AND ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION. The debit card is a prepaid card with funds loaded by the parent. After your one-month trial, plans start at just $4.99/month for the whole family. March 2020 Greenlight Customer Satisfaction Survey. Cardholder Services Physical Card. If we decide that there was no error, we will send you a written explanation. Some merchants do not allow cardholders to conduct split tender transactions where you would use the Card as partial payment for goods and services and pay the remainder of the balance with another form of legal tender. Any Secondary Cardholder may load their account by direct deposit of wages or salary paid by an employer of such party. If you request a Physical Card, your Physical Card will automatically be activated when you select a PIN following Physical Card receipt in the manner described under Personal Identification Number below. The Brinks Prepaid Mastercard is our top overall pick for reloadable cards, as its simple online interface and market-leading mobile app make it super . Essential reads, delivered straight to your inbox. Families who sign up for one of the higher-tier Greenlight plans will gain access to a kid-friendly investing platform that can help your children learn how to evaluate risk, choose diversified investments and track investment returns. Greenlight kids set their own goals, make tradeoff decisions and learn the power of saving. Write down your Card number and the customer service phone number provided in this Agreement on a separate piece of paper in case your Card is lost, stolen, or destroyed. This Agreement will be governed by the law of the State of New York except to the extent governed by federal law. However, you may visit "Cookie Settings" to provide a controlled consent. How can I contact Greenlight's customer support? Parents can preapprove where their kids spend money, so $300 earmarked for school supplies can only be spent at a campus bookstore, for example. Restrictions on Preauthorized Debits from Card Account, Fee Schedule and Balance/Transfer Limitations.. Greenlight monthly fees range from $4.99 to $9.98 depending on which of the three plans you choose. Funds transferred from your Card Account to your Invest Account will be available within two business days although, in many cases, transfers may be available much quicker. Limitations on amounts that may be added to your Primary Account and associated fees may be found on the Fee Schedule table below. The app lets you keep an eye on the balance and add money as necessary. Primary Accountmeans the Primary Accountholders Card Account. If you provide this information orally, we may require that you send us your complaint or question in writing within ten (10) business days. The Primary Accountholder or an Authorized Approver may load funds to the Primary Account by authorizing Greenlight and/or the Issuer to initiate a debit card transaction or receive an ACH transaction from any Funding Account for a specified amount either on a one-time or a recurring basis. Greenlight is a debit card specifically designed for kids. If your Card Account is closed, your Invest Account will also be closed in accordance with the Advisory Agreement and the Greenlight Advisors Invest Terms of Service. COMMUNITY FEDERAL SAVINGS BANKS SOLE OBLIGATION WITH RESPECT TO THE INVEST ACCOUNT SERVICES IS TO OBEY YOUR AND/OR GREENLIGHT ADVISORS INSTRUCTIONS TO TRANSFER FUNDS TO THE INVEST ACCOUNT AND TO RECEIVE FUNDS FROM THE INVEST ACCOUNT, SUBJECT TO THE TERMS OF THIS AGREEMENT. Our Liability for Failure to Complete Transactions, Your Liability for Unauthorized Transfers, Information About Your Right to Dispute Errors, Information About Your Right to Dispute Errors, No Warranty Regarding Goods or Services as Applicable, Fee Schedule and Balance/Transfer Limitations. In addition, the ACH Authorizer provides Greenlight and the Issuer with a Single Entry Authorization to debit the Funding Account(s) for the amount of any unpaid Monthly Fees if such amounts are not available in the Primary Account. Arbitration is started by initiating an arbitration or required by giving written notice to the other party requiring arbitration. Greenlight + Invest: This plan adds . Teach your kids smart money management. Otherwise as necessary to fulfill our obligations under this Agreement. *Well send you a confirmation code to get started we dont believe in spam! All ATM transactions are treated by us as cash withdrawal transactions. Stay up-to-date on the latest credit card news from product reviews to credit advice with our newsletter in your inbox twice a week. Greenlight My Card My Card I received my child's card and their name is misspelled, what do I do? At the timely request of either party, the arbitrator must provide a brief written explanation of the basis for the award. Choose where your kids can spend and set spending limits. Greenlight costs $4.99 per month for up to five separate cards for kids. If you notify us within two (2) business days of any unauthorized transactions, you can lose no more than $50.00 if someone used your Card without your permission. Customize chores by age, pay allowance, and stick it on autopilot. If you do not notify us in writing within sixty (60) days after you become aware of the transaction and/or after the transaction history was made available to you, you may not get back any value you lost after the sixty (60) days if we can prove that we could have stopped someone from taking the value if you had notified us in time and you are grossly negligent or fraudulent in the handling of your Card. Greenlight stands out from its competitors by offering an investment platform that allows kids to become familiar with investing, evaluating risk and tracking compound growth. articles. Set Savings Goals together and reward their good money habits. You may request this number not be used. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. Furthermore, in the event that the balance of your Primary Account and any Secondary Accounts is insufficient to cover the amount owed,whether such amount is owed to the Issuer or Greenlight, the Primary Accountholder authorizes Greenlight to debit the Funding Account for the amount owed. The Greenlight card is a prepaid debit card to educate children about basic financial concepts. Unlike many competing debit cards for kids, Greenlight also gives your children the opportunity to learn about the fundamentals of investing. Use of your Card is subject to all applicable rules and customs of any clearinghouse or other association involved in transactions. Greenlight Customer Service agents are available 24 hours per day, 7 days per week, in order to respond to your inquiries. Subject to minimum balance requirements and identity verification. Debit cards arrive in seven to 10 . If your Physical Card is replaced with another Physical Card having a new PAN, then your Virtual Card will also be replaced with a new Virtual Card displaying the same new PAN. Looks like a debit or credit card, but that only has funds available to spend that someone physically loads onto it. The Invest Account Services are marketed by Greenlight Advisors with different features depending on your Card Plan under the following names: (i) Investing for Kids; (ii) Investing for Parents, and (iii) Investing for Parents Lite. Access to certain app features will depend on your monthly plan. If AAA and JAMS cannot or will not serve and the parties are unable to select an Administrator by mutual consent the Administrator will be selected by a court. In such event, and if you have established an Invest Account at DriveWealth, you hereby authorize Community Federal Savings Bank to instruct DriveWealth to debit such amounts from your Invest Account at DriveWealth. Greenlight Financial Technology, Inc. company offers the following services: Financial Services, Mobile Apps, Prepaid Credit Cards Business Details Location of This Business 303 Peachtree St. Greenlight Prepaid Mastercard Best for parents (tie) Greenlight stands out for a feature that other prepaid cards lack: store-specific spending controls. Read how we use and collect your information by visiting our Privacy Policy. Every swipe earns 1% Cash Back to Savings.*. 1. All Rights Reserved. What Claims Are Covered:Claimmeans any claim, demand, dispute or controversy between you and us that in any way arises from or relates to your Card Account (whether past, present, or future). Community Federal Savings Bank does not serve as an investment advisor or a broker dealer in connection with the Invest Account Services; any securities that are acquired by a Primary Accountholder are not deposits or other obligations of Community Federal Savings Bank, are not guaranteed by Community Federal Savings Bank, and are not insured by the Federal Deposit Insurance Corporation (FDIC). She spent five years as a writer and editor at The Billfold, a personal finance site where people had honest conversations about money, and she regularly teaches classes on how to build your income as a freelancer. We may cancel or suspend your Card or this Agreement at any time. The Primary Accountholder, or an Authorized Approver, may load the Primary Account by debit card. Their tagline is "the debit card for kids, managed by . The Greenlight card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Some merchants may require payment for the remaining balance in cash. the "Apply Now" button, you can review the credit card terms and conditions on the issuer's web site. Never share your PIN with anyone. Any other exception stated in our Agreement with you. From time-to-time, we may monitor and/or record telephone calls between you and us to assure the quality of our customer service or as required by applicable law. You may also use your Physical Card with PIN to obtain cash at any Automated Teller Machine (ATM) displaying the Mastercard name or logo, the Visa Interlink name or logo, or the Maestro name or logo. We may refuse to process any transaction that we believe may violate the terms of this Agreement. You must be at least 18 years old to open a Cash App account, and Cash App doesnt accept unaffiliated prepaid debit cards as methods of funding transactions. If you notify us to revoke another persons use of a Card, we may revoke that Card and issue a new Card with a different number. *, Big money aspirations? Investing for Kids is primarily an educational tool for Secondary Cardholders, which provides kids with access to research on more than 4,000 stocks and ETFs that can be purchased (collectively, Equities), pop-ups inside the Greenlight application that explain investing concepts and provide a glossary of commonly used investing terms, and short videos or educational nuggets which explain investing concepts. The first month is free. Smart spending doesnt go unnoticed. Your cancellation of this Agreement will not affect any of our rights or your obligations arising under this Agreement prior to termination. The party asserting the Claim (theClaimant) may select the Administrator. General:This Arbitration Provision describes when and how a Claim (as defined below) may be arbitrated. Greenlight will send the Primary Accountholder an electronic notification, which will state the amount to be debited to satisfy the negative balance. This will give you control over exactly how the card is used. Plans start at $4.99 after the first month. See Greenlight Terms of Service for details. In the event that your Card Account is cancelled, closed, or terminated for any reason, you may request that the unused balance be returned to you, which will be processed by us either by refund to your Funding Account or via a check to the mailing address we have in our records. You agree that we may contact you from time to time regarding your Card Account in any manner we choose unless the law says we cannot. ADVERTISER DISCLOSURE CreditCards.com is an independent, advertising-supported comparison service. In addition to the three Card Plans listed above that are available for enrollment at any time pursuant to the terms and conditions set forth in this Agreement, there are also two other Card Plans, the Greenlight Select Plan and the Greenlight + Invest Plan that are restricted by Greenlight and can only be selected under the limited circumstances outlined in this Agreement. Children can use the Greenlight mobile app to track their balance, create savings goals and set aside money for charitable giving. From industry experts to data analysts and, of course, credit card users, were well-positioned to give you the best advice and up-to-date information about the credit card universe. MasterCard, Visa and American Express [] Greenlight, a three-year-old, Atlanta, Ga.-based startup, is trying to solve a problem that any parent of . You acknowledge and agree that the value available in the Card Account is limited to the funds that you have loaded into the Card Account or have been loaded into the Card Account on your behalf, including any transfers from your Invest Account (as described under Loading Your Card below), less the amount of any claims against the Card Account. Greenlight Prepaid Mastercard (prepaid debit card) Greenlight Family Cash Mastercard (credit card) Invest Account, Safety Features and Other Products and Services. In many cases, these changes will involve adding new features and functionality to a particular Card Plan. Patents Pending. Parents, check it out! 2022 Greenlight Financial Technology, Inc. VISIT SITE. The Card is not designed for business use, and we may close your Card Account and require the return of your Card if we determine that it is being used for business purposes. Get real-time notifications any time the card is used. Parents can deposit money into their kids' Greenlight accounts and help them set savings goals, make charitable donations and budget for everyday purchases. PayPal is among the most popular online money sending platforms, so the company came up with PayPal prepaid MasterCard for customers who prefer using cards instead of using the online platform. Atlanta, GA 30308 The Greenlight card is a prepaid debit card that attaches to an app. a. Spending control. Investing involves risk and may include the the loss of capital. If you elect to switch to a more expensive Card Plan, the Card Plan features applicable to the new Card Plan will become effective on your Card Account on or before the next business day following such election, but your Card Account will not be assessed the applicable Monthly Fee for the more expensive Card Plan until your next monthly renewal date. If your Physical Card is declined, even though you have sufficient funds available, you should pay for your purchase inside with the cashier. The Primary Accountholder (and any Authorized Approver) is encouraged to use the Greenlight application to confirm when fund loads are available. Finally, the Greenlight Infinity Plan includes all of the features and functionality included under the Greenlight Max Plan, together with all of the additional features and functionality of the Greenlight Infinity Plan Services as described in the Greenlight Terms of Service, which is available in the Policy Center link of the Greenlight website at www.greenlight.com. Under the Investing for Parents Lite feature, the Primary Accountholder will solely be able to invest in a select number of Exchange Traded Funds (ETFs) (initially 10) that have been chosen by Greenlight Advisors to represent different levels of risk matching the different risk tiers that are recommended by Greenlight Advisors based on the Primary Accountholders responses to initial screening questions regarding risk tolerance and investment horizon. Both the Primary Accountholder and any Authorized Approver may authorize a load from any Funding Account used to add funds to the Primary Account. Greenlight Prepaid Mastercard Cardholder Services 303 Peachtree Street NE, Suite 4300 Atlanta, GA 30308 1-888-483-2645. Learn how we collect and use your information by visiting our .css-p4wmxw{color:#1D252C;font-weight:400;font-style:underline;-webkit-transition:0.2s color ease;transition:0.2s color ease;}.css-p4wmxw:hover{color:#035C67;}@media (min-width: 768px){.css-p4wmxw{color:#1D252C;}}@media (min-width: 1024px){.css-p4wmxw{color:#1D252C;}.css-p4wmxw:hover{color:#035C67;}}Privacy Statement. The Greenlight Prepaid Mastercard is a compelling option for parents who want to teach their children about money. Greenlight debit cards also cannot be used to purchase wire or money orders or to receive cash back at the point of sale. For example, we may contact you by mail, telephone, email, fax, recorded message, text message, or by using an automated dialer device. The Primary Accountholder or an Authorized Approver (each, individually, an ACH Authorizer under this ACH Debit Authorization), authorizes Greenlight and the Issuer to initiate a single (one-time) debit entry (each, Single Entry), recurring debit entries, such as a recurring monthly load for the same amount on the same date each month (each, a Recurring Entry), and subsequent debit entries (under a standing authorization) (each, a Standing Authorization) in each case by using the Greenlight application to direct the date and amount of the entry to the selected Funding Account(s) (and, if necessary, electronically credit the Funding Accounts to correct any erroneous debits) for the amounts requested by the ACH Authorizer for purposes of funding the Card Account from time to time using the Automated Clearing House (ACH) electronic funds transfer network. Features Options Learn Who We Are Get started The money app for families. This Cardholder Agreement (Agreement) outlines the terms and conditions under which the Greenlight Prepaid Mastercard has been issued to you by Community Federal Savings Bank (Community Federal Savings BankorIssuer). The Greenlight + Invest Plan is no longer available to new customers, but will remain available to any customers with existing subscriptions to this Card Plan. An Invest Account is a Primary Accountholders broker-dealer account established with DriveWealth with the assistance of Greenlight Advisors as registered investment advisor. This includes fees not charged by a court. However, notwithstanding any language in this Arbitration Provision or this Agreement to the contrary, the Class Action Waiver is not severable from the remainder of this Arbitration Provision and, in the event that the Class Action Waiver is held to be invalid and unenforceable, and subject to any right of appeal that may exist with respect to such determination, any class action or representative proceeding shall be determined in a court of law and will not be subject to this Arbitration Provision. 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