Payment Services

Can you Transfer Money from Greenlight Card to Bank Account?

Greenlight debit card is an app that teaches kids about money management in a real-world setting. With all of the improvements in E-banking, one of the most frequently asked questions is, can you transfer money from a Greenlight card to a bank account? Let’s find out!

What Will We Talk About Here?
  • You can not transfer funds from Greenlight card to bank account directly but you can contact customer support team for the request.
  • Greenlight card allows you to cash out at ATMs after you have been approved for such withdrawals.
  • Greenlight card is easy to use and it helps in savings.

…and Much More!

Can You Transfer Money From Greenlight Card to Bank Account? 

Many parents wish there were an easy way to teach their children money management. Not only does the Greenlight Debit Card provide this option, but it also allows you to transfer money to your bank account.

  • Even though you cannot transfer funds straight from your green light to your bank account, you can contact authorities for assistance.

The only method available for the transfer is to contact customer care and request to move money from Parent’s wallet back to a linked bank account.

You can reach out to customer service either by calling at 888-483-2645 or texting at 404-974-3024. Alternatively, you may also fill out a brief form with your credentials to send an email request. 

Attention! It can take up to 7 business days for funds to be transferred to the other account.

How To Transfer Money From Greenlight Card Back To Your Bank Account

A Bank account or a debit card can be used as a funding source for a Greenlight account. However, to move money back into the funding source, you must contact the support team via a short form online.

  1. Open the Greenlight online contact form and fill out the required information.
  2. Choose the Refund to My Bank option.
  3. Then, include a description of your refund request and wait for a support team member to contact you.

Steps To Transfer Money From Child’s Greenlight Account to Parent’s Wallet

Greenlight allows you to move money back to your parent’s wallet. The process is relatively simple. Check it out below!

  1. Open your kid’s Spend Anywhere tab and click on the three dots at the top of the screen.
  2. Then select Move Money. Choose the amount you want to transfer and click on Money Money again.

How To Transfer Money From Greenlight to Cash App

As luck would have it, prepaid cards don’t work with Cash App. Therefore, you can’t use a Greenlight card to transfer money to Cash App.

Although there are other ways to add funds to your Cash App account, you can use a workaround if it is necessary to transfer money from Greenlight to Cash App.

You can link your Greenlight card to a bank account and then use the bank account to send the funds to the Cash App. The process is lengthy and can take up to 7 days.

How To Transfer Money From Greenlight To PayPal

You can transfer money from the Greenlight card to PayPal once you have added the prepaid debit card as an accepted payment method to your PayPal account. Following this, you can use the card to make PayPal purchases.

You can also directly transfer funds from Greenlight to your PayPal balance.

How To Transfer Money From Greenlight To Venmo

Like Cash App, a Greenlight account can not be used to send money to Venmo directly or vice versa.

The only workaround you have for this is to link a bank account. Then, you can send money from Greenlight to the bank account and transfer the funds from bank to Venmo.

Other Ways To Move Money From Your Child’s Account

Greenlight Account has separate sections for spending, saving, and giving. You can move funds between these categories as per your need.

Move Money Into Spending Category

  1. Open the category you want money into and tap Move $ In. 
  2. Then, choose the amount you wish to transfer and select Move Money. 

Move Money Out of Spending Category

  1. Open the category you want to move money from and tap Move $ out. 
  2. Then, choose the amount you wish to transfer and select Move Money. 

Invest Money

  1. Open the child’s account dashboard and choose Investing.
  2. Then tap on the Cash to Invest option.
  3. Select the Move $ In choice and choose the amount you want to invest. Confirm by clicking on Move Money. 

Can You Cash Out From a Greenlight Card at an ATM? 

Kids can use their Greenlight card at any ATM that displays the names or logos of Mastercard, Visa Interlink, or Maestro. 

Alternatively, parents need to alter the settings of their “Any ATM” Spend Control if they want their child to be able to withdraw money from their “Spend Anywhere” category at an ATM. Here’s how it is done.

  1. Go to your child’s Dashboard by clicking on their name.
  2.  Select the Spending tile from the drop-down menu.
  3. Scroll down to the Spending Category or Specific Store control you want to modify. Tap the control to activate it.
  4. Select the word Settings from the drop-down menu.
  5. Enable “Pull Overages from Spend Anywhere’.

The first transaction your kid makes cannot be at an ATM for security reasons. Moreover, the following points should be kept in mind while using a Greenlight card

  • If funds are available in your child’s “Any ATM” Spend Control after the card has been successfully used online or at a sales register, they can withdraw money from an ATM.
  • Many ATMs need your child to select an account from which to take money, either a checking or general checking account.
  • The daily maximum withdrawal amount per card is $105 per day. 
  • The monthly maximum withdrawal amount per family is $525 per month.
  • The banks that run the ATMs levy a withdrawal fee, which is payable at every withdrawal.
Attention! Since most ATMs charge a fee for each withdrawal, make sure your child has enough money in their “Any ATM” Spend Control to cover the whole withdrawal amount plus any additional costs.

Greenlight Card – Perks and Features

One of the most critical skills you can help your children learn is money management. The Greenlight debit card is one of the tools you may use to educate your children to understand money. Take a look at the perks and benefits of the Greenlight card.

Simple to Use

The green light card is straightforward to use. You have to provide basic credentials to sign up for an account. This includes names of the child or children, date of birth, mailing address, SSN, and a valid bank account or debit card number.

Anyone above the age of 18 and a legal citizen in the US can open a primary account with Greenlight. Both parents and children have easy access to the Greenlight card. However, there are some restrictions on the age limit.

Helps In Savings

With Greenlight, it is easier for parents to encourage their children to create healthy and long-lasting financial habits. This will motivate and focus their children on money management.

At any time, your children can transfer money from other approved Spend Controls or their General Savings into Savings Goals. Greenlight Savings Reward allows kids to earn up to 2% on their savings balances.

Designed for Families

Greenlight is a debit card explicitly created for families. Unlike other debit cards, it’s a parent-controlled debit card for kids.

This will provide parents and their children with a complete picture of their finances, including spending, saving, and giving, while educating them about money management.

How To Apply for the Greenlight Card

If you’re a parent, guardian, or Primary Accountholder and wish to apply for a Greenlight card, first, you must sign up for the Greenlight program. Then, you can create an account as a parent or legal guardian. For this purpose, please provide the following information.

  • Full name. 
  • Residential Address.
  • Date of birth.
  • Security Social number.
Attention! Greenlight does not conduct a credit card check on its users.

Your children’s cards will be created immediately after you sign up, and they will arrive in 7-10 business days.

  • You can only add up to 5 children to your Greenlight account. If your child is under 18, only a Standard Card will be issued.

However, after reaching a particular age limit, it can be upgraded to a Custom Card. Moreover, after applying for a greenlight card, each child you enroll will receive their own Greenlight debit card automatically. 

The Bottom Line

Greenlight is an excellent learning tool for children of all ages, though there is no age restriction except when applying for a standard credit card. Parents should read the satisfactory print purchase and withdrawal rules before signing up so they know what they’re getting into.

Greenlight customer service can help you transfer money from your Greenlight to your bank account. Due to its distinct features, Greenlight stands out among other apps.

Frequently Asked Questions 

What is the procedure for withdrawing funds from my greenlight card?

Many ATMs require you to select an account from which to take funds. At the ATM, your child must choose “Checking” or “General Checking.” T

The maximum daily withdrawal amount per card is $105 per day, while the maximum monthly withdrawal amount per family is $525.

Are there any routing numbers on Greenlight cards?

Call Greenlight at 1-888-483-2645 to acquire your Sub-account Account’s number and routing number.

Can you get your money back from your Greenlight card?  

Unfortunately, Greenlight does not allow minors to withdraw cash from the register (apart from an ATM) at this time because it avoids the parental safeguards we put in place