Bank of Hawaii Partners with Greenlight to Empower Families Across the Hawaiian Islands to Raise Financially Smart Kids
October 5th, 2023
Today, Bank of Hawaii announces that it is partnering with Greenlight® Financial Technology, Inc., the fintech company on a mission to help parents raise financially smart kids. Through the Greenlight for Banks program, Bank of Hawaii customers will have free access to Greenlight’s award-winning family finance app designed to help parents teach their children smart money management.
“Greenlight is an innovative company that addresses a financial education gap for parents and children,” says Chairman, President and CEO of Bank of Hawaii Peter S. Ho. “This app provides a safe environment that teaches keiki how to manage money in real-world situations with the guidance of their parents. It is a win-win for the family—the digital app teaches kids about money in a format they understand as digital natives and helps parents raise financially savvy children. We’re pleased to partner with Greenlight on a revolutionary app that empowers the next generation with essential financial literacy skills.”
Greenlight 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 Greenlight 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.
Financial literacy is critical to the health of our community and Greenlight’s industry-leading product is a step in the right direction, helping children gain the education needed for healthy financial futures. According to the Council for Economic Education, 30 states require high-school students to complete a personal finance course, yet Hawaii isn’t one of them.
For over a decade, Bank of Hawaii employees have been teaching financial literacy sessions throughout the year at Hawaii’s public schools, from kindergartners through high-school students. Bankoh Blue Crew employee-volunteers have shared their knowledge and expertise through age-appropriate lessons through special programs, such as SmartMoney Lesson Day and Junior Achievement. By making Greenlight available to Bank of Hawaii customers, we are providing another way to make learning about money fun and engaging, and creating the opportunity for parents to have discussions about smart money habits with their keiki.
Bank of Hawaii customers can receive a complimentary Greenlight subscription later this fall. For more information, visit www.boh.com/greenlight.
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