Savings Bank of Danbury Partners with Greenlight to Help Parents Raise Financially Smart Children
DANBURY, CT, ISSUED APRIL 12, 2024…Savings Bank of Danbury (http://sbdanbury.com) has partnered with Greenlight® Financial Technology, Inc. to offer access to Greenlight’s award-winning family finance app, available through Greenlight’s program for banks.
The program offers a debit card and app that teaches kids and teens how to earn, save, give and spend wisely – all with parental supervision. Using the app, parents can send money instantly, automate allowance payments, manage chores, set flexible spending controls, get real-time notifications of all transactions, and more. Kids get hands-on money management experience, along with access to Greenlight Level Up™, an in-app financial literacy game with a best-in-class curriculum, educational challenges, and rewards.
Savings Bank of Danbury customers who register for Greenlight and add their Savings Bank of Danbury account as a funding source will receive Greenlight at no charge for the promotional period. Parents can add up to five children, each with their own debit card. For more information, please visit: https://www.sbdanbury.com/personal/greenlight
“We are pleased to partner with Greenlight on this safe and educational program for our families,” said Martin G. Morgado, CEO at Savings Bank of Danbury. He added, “The importance of financial literacy is crucial in today’s world. Helping educate children make smart financial decisions is a wonderful habit to begin early in life.”
About Savings Bank of Danbury
Established in 1849 and headquartered at 220 Main Street, Danbury, Savings Bank of Danbury is a mutual savings bank with assets in excess of $1.4 billion. Savings Bank of Danbury has 16 branch offices in Bethel, Brookfield, Danbury, New Fairfield, New Milford, Newtown, Norwalk, Southbury, Stamford, and Waterbury. Stamford Mortgage Company, a division of Savings Bank of Danbury, has a local office on Summer Street in Stamford. Savings Bank of Danbury is committed to serving their community.
For more information about Savings Bank of Danbury, visit www.SBDanbury.com
About Greenlight
Greenlight Financial Technology is the family fintech company on a mission to help parents raise financially-smart kids. Its product, Greenlight, is an award-winning banking app, complete with a debit
card for kids and teens and safety features for the whole family. Parents can automate allowance, manage chores, set flexible spend controls, and invest for their family’s future. Kids and teens learn to earn, save, spend wisely, give, and invest. Together, families can also stay safe and connected with location sharing, SOS alerts, and crash detection with 911 dispatch.
Greenlight partners with more than 50 leading banks, credit unions, and employers to bring its family finance solution to more families through the Greenlight for Banks, Greenlight for Credit Unions, and Greenlight for Work programs.
The Greenlight Debit Card is issued by Community Federal Savings Bank, member FDIC, pursuant to license by Mastercard International. Greenlight Investment Advisors, LLC, an SEC Registered Investment Advisor, provides investment advisory services to its clients. Investing involves risk and may include the loss of principal. Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Greenlight's bank partners. For more information, please visit: greenlight.com.