Greenlight for Kids and Teens

Greenlight for Kids and Teens

Making it easier to raise financially savvy children.

At Savings Bank of Danbury, we understand the importance of teaching smart money habits to our children. That's why we have teamed up with Greenlight to assist you in educating your children on money management. Greenlight is a financial education app and debit card for kids and teens, allowing parents to instantly transfer money, set up chores and allowances, establish savings goals, and more. Plus, Greenlight is complimentary for Savings Bank of Danbury customers who sign up using this exclusive link and use their Savings Bank of Danbury account as a funding source.

If you don't currently have a checking account with us, explore your account options here or visit any of our branch locations.

More Questions? Visit the Greenlight Help Center or contact Greenlight at 1-800-822-2651


Watch our video to learn more about Greenlight

Or see our Frequently Asked Questions to learn even more.

Cashless Convenience

With the Greenlight app, you can manage chores and allowances and instantly transfer funds to your children. Each child (up to 5) will also receive a personalized debit card, accepted wherever Mastercard is welcomed.

Peace of Mind

Greenlight accounts are insured up to $250,000, offer enhanced card controls, along with Mastercard's Zero Liability Protection, providing security and peace of mind.

Financial Advantage

Educate your children with a financial goal through savings rewards³ and engaging financial literacy games and quizzes, enabling them to become financially successful.

1 The Greenlight® prepaid card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International.     

2 Savings Bank of Danbury customers are eligible for the Greenlight Select plan at no cost or a $4.99 discount on the plan of their choice when they connect their Savings Bank of Danbury account as the Greenlight funding source for the entirety of the promotion. Upgrades will result in additional fees. Plans start at $4.99/mo. Upon termination of promotion, customers will be responsible for associated monthly fees. See terms for details. Offer ends 12/20/2024. Offer subject to change. Upgraded plans may include Invest Account Services, which are the investment advisory services provided by Greenlight Investment Advisors, LLC, a wholly-owned subsidiary of Greenlight, as a Registered Investment Advisor, and the brokerage services provided by DriveWealth, LLC as a broker-dealer. Investments are not a deposit and are not FDIC Insured. Investing involves risk, including potential loss of principal.

3 Greenlight Core, Greenlight Select, and Greenlight + Invest families can earn monthly rewards of 1% per annum, Greenlight Max families can earn 2% per annum, and Greenlight Infinity families can earn 5% per annum on an average daily savings balance of up to $5,000 per family. Only Greenlight Max and Infinity families can earn 1% cash back on spending monthly. To qualify, the Primary Account must be in Good Standing and have a verified ACH funding account. See Greenlight Terms of Service for details. Subject to change at any time.

4 International Card transactions will be subject to the currency conversion rates of the card network operator (Mastercard).

5 Greenlight issued debit cards will be charged an ATM surcharge fee when using a Savings Bank of Danbury ATM. This fee will be displayed on the ATM before you complete your transaction.