Greenlight

First Peoples has partnered with Greenlight to help parents raise financially-smart kids. Greenlight is the loved, trusted financial education app and debit card for kids and teens that allows parents to quickly send their kids money, set up chores & allowance, create savings goals and more. Families who register for Greenlight via the unique link and add your First Peoples account as a funding source will receive Greenlight for free.

Parent’s can add up to 5 kids, each with their own debit card. Once registration is complete, debit cards will be shipped out for each child. When the cards arrive in the mail and are activated they are ready for use!

 

• Use their own debit card (with parental controls in place).
• Swipe their card wherever Mastercard is accepted (including most countries!).
• Set and achieve Savings Goals.
• “Level Up” their money knowledge with Greenlight’s financial literacy game.
• Receive payments from friends and family with Pay Link.
• Earn allowance or payments for completing chores.
• Set up Direct Deposit for an after-school job.
• Add their card to their virtual wallet (Apple Pay®, Google Pay™, Samsung® Pay).

How do I verify my funding source?
Bank Account
If you are prompted to verify your Bank Account when manually adding your funding source, you will receive 2 small deposits of $1.00 or less in your bank account within 1-2 business days. To verify your bank account as a funding source, you will need to input the 2 micro deposit amounts into your Greenlight app when prompted to verify.

If you do not see these deposits within 3 business days, please contact your banking service provider directly and have them take a look at the status of your bank account. Once you complete verification, the 2 micro deposits will be removed from your bank account to offset the deposit amounts.

Debit Card
Once you add your debit card as a funding source and make your initial funding load, you should see 2 transactions on your debit card that add up to the initial load amount. You will need to confirm these transactions within 3 business days in the Greenlight app to verify your debit card.

If you do not see these transactions within 4 business days, please contact your banking service provider directly and have them take a look at the status of your bank account.

How do I activate my child’s Greenlight card?
When your child's card arrives, follow these simple steps to activate it right away:

1. Open your Greenlight app. From your Parent Dashboard, you should see a notification prompting you to activate your child’s card.
2. Tap on the notification and input the card's expiration date and security code in the app to activate it.
3. Next, visit your child's dashboard by clicking their square at the top of your Parent Dashboard.
4. Select "Manage Card" then "Set debit card PIN." After the PIN is set, your physical card is activated and ready to use!

How can I check my child's spending history?
We have made it super easy to check your child's spending history.

1. Navigate to your child's dashboard.
2. Click on the Spending tile.
3. At the top right, click on "History."

You then have the ability to filter the view to see spending history for the last 30 days, 90 days, or 12 months as well as grouping transactions by stores.

How does money movement work with Greenlight?
In general, funds deposited would be made quickly available to the child given that there’s sufficient funds in the source checking account. The transaction is conducted via ACH transfer and typically would settle the next business day. All funds moved into the Greenlight ecosystem are moved from an externally linked account into the Parent Wallet. These funds can then be distributed, or allocated to children through internal Greenlight fund transfers. Withdrawals are similar, in that funds are removed from the Greenlight ecosystem through the parent wallet. In both cases, funds are moved into or out from the parent wallet via an ACH or debit transaction, using a payment processor. All money transfers within the Greenlight account happen instantaneously.

 

More Questions? Visit our Help Center here.