Greenlight: fees, parental controls & FDIC status

CFPB agreement on file Kids (6–12) Teens (13–17) Last updated:

Greenlight is the largest family debit card program in the US. The Core plan is $5.99/month per family (up to 5 kids), with parental controls, chores and savings features; deposits are held at Community Federal Savings Bank (FDIC certificate 57129).

Every figure on this page is sourced to an official document — see how in our methodology. Research information only, not financial advice.

Fees

monthly
$5.99 (Core plan)
per child
Included (up to 5 kids)

FDIC coverage, verified

Partner bank
Community Federal Savings Bank
FDIC certificate
57129
Insurance status
Active

Checked against the FDIC BankFind registry by certificate number — not the app's marketing copy.

Change log

Detected from official filings and pricing pages — most recent first.

  1. New fee agreement filed with the CFPB — agreement 54347 effective 2024-08-19

CFPB complaints

37 complaints on record at the CFPB for Greenlight Financial Technology, Inc, by product:

  • Checking or savings account 16
  • Prepaid card 9
  • Credit card 5
  • Credit card or prepaid card 4
  • Money transfer, virtual currency, or money service 3

Frequently asked questions

Is Greenlight FDIC insured?

Deposits are held at Community Federal Savings Bank, FDIC certificate 57129 — an active FDIC member, verified against the BankFind registry.

How much does Greenlight cost per month?

The Core plan is $5.99 per month per family and covers up to five kids, per the pricing filed in Greenlight's CFPB prepaid account agreement.

Sources

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