![]() ![]() Step shares your personal information with business partners "with whom we may jointly offer products or services, or whose products or services we believe may be of interest to you," and their privacy policy is vague when it comes to opting out. Unlike a debit card, the Step card processes all transactions as credit - which means your teen can build credit safely without having to worry about overdraft fees or accruing interest. Like a regular debit card, Step draws on deposited funds to pay for purchases. ![]() Note that COPPA requires that a bank secure your permission to sign a child up for a banking app, but doesn't prohibit the company from selling your private information.įor more information, see our full review of the Greenlight debit card for kids.Īlthough there is no minimum age to sign up, Step is best suited for older kids who are ready to level up their financial knowledge. In a previous version of its privacy disclosure, Greenlight reserved the right to share your personal information with multiple parties, including "ad and marketing vendors," "insurance companies," "collection agencies," and the vague category, "other service providers." In a statement to Vice, a Greenlight spokesperson said the company would remove the language, and it has since done so. According to a colleague who uses it, the app is intuitive and easy to navigate.īut the company has had some bumps in the road when it comes to privacy. One of the most popular debit card apps for kids, Greenlight allows parents to designate allowance to specific stores, pay interest on growing balances to illustrate compound interest and set specific earning goals. Monthly fee: $5-$10 per month, up to 5 children.Readers are part of the CNET family, and the strength of that relationship is the ultimate test of our success. We ask that you inform us whenever you find an error, spot a gap in our coverage, or have any other suggestions for improvement. We scour and scrutinize blogs, sites, aggregators, RSS feeds, and any other available resources, and editors at all levels of our organization continuously review our coverage.īut you're the final judge. How will we know if we're fulfilling our mission? We constantly monitor our competition, user activity, and journalistic awards. ![]() We promise to publish credible information we have as soon as we have it, throughout a product's life cycle, from its first public announcement to any potential recall or emergence of a competing device. If a popular product is on store shelves, you can count on CNET for immediate commentary and benchmark analysis as soon as possible. ![]() We promise to do whatever is necessary to get you the information you need when you need it, to make our opinions fair and useful, and to make sure our facts are accurate. In a digital world, information only matters if it's timely, relevant, and credible. We do not transact in the business of insurance in any manner, and we are not attempting to sell insurance or asking or urging you to apply for a particular kind of insurance from a particular company. CNET is not an insurance agency or broker. Our content may include summaries of insurance providers, or their products or services. However, all CNET editorial content is independently researched and developed without regard to our corporate relationship to LLC or its advertiser relationships. And LLC may receive compensation from third parties if you choose to visit and transact on their website. Our insurance content may include references to or advertisements by our corporate affiliate LLC, a licensed insurance producer (NPN: 8781838). The compensation we receive and other factors, such as your location, may impact what ads and links appear on our site, and how, where, and in what order ads and links appear. CNET’s compensation is never tied to whether you purchase an insurance product. For example, some advertisers pay us to display ads, others pay us when you click on certain links, and others pay us when you submit your information to request a quote or other offer details. To support our work, we are paid in different ways for providing advertising services. Any opinions, analyses, reviews, or recommendations expressed in editorial content are those of the author’s alone, and have not been reviewed, approved, or otherwise endorsed by the advertiser. Our advertisers do not direct our editorial content. ![]()
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