Greenlight

Greenlight is a prepaid card account designed for younger users, offering up to 6% cash back on savings deposited to the card's savings pocket. Parents can fund the account, set spending limits, and earn modest interest on funds in the savings section, making it a teaching tool for both teens and college-bound students. The app includes chore tracking features that let parents tie allowance or earnings directly to completed tasks.

College students find Greenlight useful for managing money sent by parents while learning to budget independently. The savings rewards encourage putting money aside before spending it, and you get transparency into your account activity without constant parental hovering once you're in school. It's especially helpful if you're new to managing your own finances and want guardrails that also build good habits.