First Horizon Bank (NYSE: FHN) (or "First Horizon") today announced a partnership with Greenlight Financial Technology, Inc. ("Greenlight") to give First Horizon clients and their families access to Greenlight's family financial app and safety tools.
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The platform combines debit cards, money management tools and financial education for kids and teens with resources that help parents and caregivers manage family finances.
Greenlight teaches kids and teens how to build healthy money habits by giving them hands-on tools to learn how to earn, save, spend and manage money. Parents and caregivers get greater visibility and control over how their children use and learn about money, and can monitor and protect senior loved ones from financial fraud and theft.
Eligible clients who connect a First Horizon account as their funding source can access Greenlight's Select subscription at no cost. Enhanced Greenlight plans are available at a discount for additional features and family protection.
Greenlight Options and Key Features
Select (free) includes:
• Debit cards for up to five children
• 2% savings reward through Greenlight
• Automated allowance and chore management
• Quick and easy family money transfers
• Interactive financial literacy games
Infinity Select (discounted) adds:
• Investing for kids
• Family location sharing
• Driving reports
• SOS alerts
• Crash detection
Family Shield Select (discounted) adds:
• Account monitoring
• Suspicious activity alerts
• Identity protection for up to two senior family members
"Many of our clients are looking for ways to help their children build smart financial habits from an early age," said Erin Pryor, Senior Executive Vice President, Chief Marketing and Experience Officer at First Horizon Bank. "Through our partnership with Greenlight, we're excited to offer tools to help children develop healthy finance habits, while providing parents and caregivers resources to support their families and aging loved ones. Together, these solutions can help build stronger financial futures."
"We're thrilled to partner with First Horizon to bring our family finance platform to more families and make tools for financial education, money management and family safety more accessible to their clients," said Matt Wolf, Chief Commercial Officer at Greenlight. "This collaboration furthers Greenlight's commitment to helping families navigate money and life together, across all generations."