How to keep your kids’ debit card information safe

Here’s a summer quarantine idea: Ask your kids if they know how to write a check (or maybe even see if they know what a check is). Most money managing tools are now digital, which is convenient — but it’s important to know how to keep it safe.

If your kids have their own debit cards and bank accounts, you’ll want to have a talk about online financial safety. Start with these five tips! 

Keep personal information…personal

Kids may talk to their friends about everything, but when they get their first debit card, they’ll have to keep some things private.

Explain to your kids that their debit card number, PIN number and login information should be kept a secret. And while you’re at it, help them come up with a trick to remember these numbers [1]. It’s a lot of information! 

Know when to spot a scam

With little exposure to the world of scamming, kids may not be able to spot something phishy. Have a talk about these possible scams: 

  • Scammers who act like your bank. Make sure your kids never give out personal information via phone, email, text or social media. Greenlight will never reach out directly to a child, so if they ever get a strange call from someone posing as Greenlight, they should politely decline and have a grownup reach out to our Customer Service team.
  • Shoulder surfing [3] is another thing to look out for. This is when a scammer peeks over someone’s shoulder to get their card information. Tell your kids that it’s easy to avoid — just keep your card to yourself and cover that PIN number! 
  • The too-good-to-be-true deals. When your kids start shopping online, have a safety session with them to point out offers that are trustworthy [4] and those that are not.

Practice safety at the ATM 

If your kids are making trips to the ATM, remind them to cover their PIN number. If the ATM has several failed attempts, tell them to head to another one. 

Or, skip the ATM trips altogether. Just turn off ATM spending access in your app. 

Have a safe place for your debit card

Like their candy stash or video game cabinet, kids need to have a safe spot for their debit card. Remind them that this card isn’t just a piece of plastic — it holds all of the money they’ve worked hard for. 

Lost card? It happens to the best of us. In the Greenlight app, you and your kids can turn off the card with the tap of a button. 

Learn about it together

Going through these tips gives you and your kids a chance to learn about financial safety together. Grownups make mistakes too, so it’s a learning moment for everyone. 

With Greenlight, your kids learn by doing. Lessons and conversations come naturally as you work together to keep track of their money, divvy up their earnings and map out their financial futures. Now that’s an offer that’s never too good to be true — sign up for Greenlight today!

 
[1] The balance [2] Nerd Wallet [3] LifeLock [4] WalletHub

Meet Brynn, a 12-year-old entrepreneur using Greenlight to help kids beat cancer

You’ve probably heard: If you have a talent, use it. But how about “Use it for good?” That’s exactly what 12-year-old Brynn G. is doing. Not only does she make and donate custom face masks to schools, she also sells them — and gives 20% of sales to St. Jude Children’s Research Hospital. Yep, that’s a whole lot of good.

Meet Brynn

Like most 7th graders, Brynn has plenty of energy. (Remember those days?) She spends her time cheerleading competitively, skateboarding and hanging out with friends — socially-distanced, of course. Here’s what makes her different: She runs a business. You heard that right — Brynn sews and sells face masks for her own company, B Creates. And she’s not planning on stopping any time soon.

How Brynn got started

Brynn honed her stitching skills alongside her grandma, who handed down the sewing machine she uses today. It wasn’t until the pandemic hit that Brynn turned sewing into a business. One day at home, she used the extra material from cropping a shirt to make a face mask. Her mom posted it on Facebook and word got out: This girl’s got talent. So, she started making and selling custom masks. And just seven weeks later, she had already sold 569 masks!

Brynn gives 20% of her sales to St. Jude Children’s Research Hospital — to help save kids’ lives. Did we mention she chose that charity all on her own? Major kudos. Brynn has also donated 20 masks to her local elementary and middle school… because everyone deserves a cool, custom mask, right? Think: colorful leopard, purple cosmic swirls and our personal favorite, llamas.

While Brynn sews the masks herself, she passes over the iron to her mom, Janice, who’s been supportive since the start. At first, Brynn wasn’t so sure about her business idea. She thought she’d get 20 orders, if that. Talking it over with her parents gave Brynn the confidence to really go for it.

After seeing how much money Brynn was making from masks, Janice decided to open her a Greenlight account to track it all. Janice can transfer money from Facebook sales right to Brynn’s Spend or Save accounts — empowering her to take matters into her own hands. So while Brynn is in the business of creating, she’s also learning. And you can’t put a price on that.

What’s next?

Right now, Brynn is using her Greenlight account to save up for a new sewing machine, so she can make more masks and raise more money for St. Jude Children’s Research Hospital. The jury is still out on where she’ll buy the new machine, so Janice set her Greenlight account to Spend Anywhere, giving Brynn the “green light” to exercise responsible spending
 
If you’d like to support Brynn’s mask-making business, head to the B Creates Facebook Group. All of her masks are washable, reversible and only $5. And remember: 20% of sales go to help kids who are battling cancer.

6 signs your kids are ready for their first debit card

Letting your kids graduate from handling cash to carrying a debit card is a big milestone. And that leaves us with a big question: When’s the right time?

With the holidays around the corner and gifts to be bought, we’d venture to say right now is the perfect time. If you’re still on the fence, look out for these 6 signs that your kids are ready for their first debit card.

Sign #1: They’re always asking for cash (or worse, your debit card)

Hand them cash and they spend it. Lend your debit card and they lose it. Okay — we’ll give them more credit than that, but you can probably relate. While these options may get the job done, they don’t give you a long-term solution for sending money to your kids. 

With cash, kids won’t learn how to track their balances and set a budget. That’s where a debit card comes in handy — but instead of lending yours, you can get them a special one made just for them.

Sign #2: They’re starting to earn money

Vacuuming once a week or making the bed every day? We’ll leave that up to you. If your kids are starting to earn money — whether it’s an allowance or a part-time job —  they’re going to need a place to put it. And no, we’re not talking about piggy banks.

As soon as your kids start to earn, get them set up with the Greenlight card and app so they can complete chores and get paid an automated allowance. Ready for the best part? When they earn on their own, they’ll start to learn why it’s important to take good care of their money.

Sign #3: They’ve got spending down, but they could use help with saving 

Alright, so they’ve started spending money. That’s great! Spending wisely is a big life lesson on its own. But we have to ask… How are they doing with their savings?
 
The good news is you don’t have to have a long lecture about saving. They’ll learn all about it when they get a debit card and start handling money on their own. Plus, you can help them make saving a habit with automatic saving tricks, like Round Ups (so they send extra cents into savings) and Parent-Paid Interest (so you can set an interest rate on their savings).

Sign #4: They’re ready to buy things on their own

When your kids are starting to order pizza delivery or buy things online, they’ve already made the first step at managing their money. The next step is letting it happen — and putting guardrails in place to make sure they’re spending wisely and safely.
 
Every family is different, so you can use your Greenlight app to set spending limits that will work best for your kids. Let’s say one of your kids is already driving. You can set spending limits for gas only (no sneaky snacks from the gas station). Or maybe you have a child who loves spending at Target. You can set spending limits so those shopping trips don’t get too out of hand.

Sign #5: They’re thinking ahead

Ask your kids if they have anything big they’d like to save up for. Who knows? They may have big plans for their money. If they don’t, help them come up with savings goals. These savings goals can be short-term or long-term. 

Not sure where to start? Here are some of the most popular savings goals from our Greenlight families:

  • AirPods
  • Car 
  • Sneakers
  • College
  • Video games

Sign #6: They’re ready for the money talk

They’re asking you the difference between debit and credit. They’re wondering how much money you make. They’re buying you gifts for your birthday.

While these things may feel uncomfortable at first (talking about money is hard!), this is actually a sign that your kids are ready and willing to learn. Kids learn by doing, so there’s no need to sit down and have a napkin-math lesson on money management. That’s boring! Instead, get your kids their own debit card and let the learning happen naturally — with the help of Greenlight’s balance monitoring, real-time alerts and automated allowance to make your life easier at the same time.