Greenlight is a financial technology company that creates innovative solutions for parents and children to manage money together. The debit card account is FDIC-insured through the company’s partner Community Federal Savings Bank.
If you are looking for an easy way to transfer money from your Greenlight Card account to your bank account, you’re in luck!
This blog post will show you how to do just that. So, whether you need to send money to a friend or pay a bill, follow these simple steps, and you’ll be good to go.
How to Transfer Money From Greenlight To Bank
Many parents wish there were an easy way to teach money management to their children. The Greenlight Debit Card not only allows you to do this, but it also allows you to transfer money to your bank account.
Although you cannot transfer funds directly from your Greenlight to your bank account, you can seek assistance from customer service.
The only way to make the transfer is to contact customer service and request that funds be transferred from Parent’s wallet to a linked bank account.
You can contact customer service by calling 888-483-2645 or sending a text message to 404-974-3024. You can also send an email request by filling out a brief form with your credentials.
How long does it take for money to transfer from a Greenlight Card to a bank account?
It typically takes two to three business days for the money to transfer from a Greenlight Card to a bank account. However, this may vary depending on the bank’s processing time.
If you have any other questions about transferring money from your Greenlight Card to your bank account, be sure to contact customer service for assistance. They will be more than happy to help!
Which Banks can I transfer money from Greenlight?
You can transfer money from a Greenlight account to any bank account in the United States. The only catch is that the bank account must be linked to the Parent’s wallet on your Greenlight Card.
If you don’t have a bank account linked, now is a great time to get one! Many banks offer free checking and savings accounts, and they make it easy to manage your money.
To find a bank that’s right for you, be sure to check out the list of partners on Greenlight’s website. You can also search for banks near you by using the bank locator tool on Greenlight’s website.
Can You Cash Out From a Greenlight Card at an ATM?
Greenlight cards can be used at any ATM that accepts Visa Interlink, Maestro, or MasterCard credit cards or debit cards.
If you want your child to be able to withdraw money from their “Spend Anywhere” category at an ATM, you can change the settings of your “Any ATM” Spend Control. The parent will be able to see how much their children spend money. This is how it’s done.
- By clicking on your child’s name, you’ll be taken to their Dashboard.
- From the drop-down menu, choose the Spending tile.
- Scroll down to the Control you want to change, either Spending Category or Specific Store. To use the Control, simply tap it.
- From the drop-down menu, select the word Settings.
- “Pull Overages from Spend Anywhere” should be enabled.
Your child’s first transaction cannot be at an ATM for security reasons. Furthermore, keep the following points in mind when using the Greenlight card.
- After your child’s card has been successfully used online or at a sales register, they can withdraw money from an ATM if funds are available in their “Any ATM” Spend Control.
- Many ATMs require your child to choose a checking or general checking account to withdraw funds.
- Per card, the daily maximum withdrawal amount is $105 per day.
- The maximum monthly withdrawal amount per family is $525 ( up to five kids).
- A withdrawal fee is charged by the banks that operate the ATMs, and it must be paid at each withdrawal.
Note: You are allowed to withdraw cash up to $100 from an ATM per day with your Greenlight card. There is also a monthly maximum amount of $500. So, if you need to withdraw more than the daily or monthly maximum, you can do so by visiting a bank or other financial institution.
How To Apply for the Greenlight Card?
You must first sign up for the Greenlight program to apply for a Greenlight card as a parent, guardian, or Primary Accountholder. Then, as a parent or legal guardian, you can create an account. You will need to provide the following information for this purpose.
- Name in its entirety.
- The address of your home.
- Date and place of birth.
- Social security number.
Your kids’ cards will be made as soon as you sign up, and they will arrive in 7-10 business days.
Your Greenlight account can only have up to 5 children. If your child is under 18, you will only receive a Standard Card.
It can, however, be upgraded to a Custom Card after reaching a certain age limit. Furthermore, each child you enroll will automatically receive their own Greenlight debit card after applying for one.
Greenlight card is FDIC-insured through the company’s partner Community Federal Savings Bank member fdic pursuant.
You can easily Transfer Money from Greenlight Card to Bank Account. All you need is the bank account number and routing number for the account you wish to transfer funds to. You can also use this information to make a payment from your bank account using Greenlight.
The Greenlight debit card is a great way to teach your children about money and good spending habits. Greenlight Savings Reward allows kids to earn up to 2% on their savings balances. It’s easy to transfer money from Greenlight card to any bank in U.S.
We hope this article was helpful. Thank you for reading!
James Allen is a Certified Financial Education Instructor (CFEI), financial advisor, and Certified Public Accountant (CPA).
He created BillPin to give people the financial tools they need to make more informed financial decisions.
After listening to his mother tell stories about her frugal upbringing and his own experiences working as a financial advisor for almost two decades, James is on a mission to help people change their relationship with money.
Content Disclaimer: Opinions expressed here are the authors alone, not those of any companies mentioned, and have not been reviewed, approved, or otherwise endorsed by any of these entities.