Powered by Green Dot’s Banking-as-a-Service Platform, Stockpile Will Offer Debit Cards with Parental Spending Controls and More Features and Functionality to Come
“Green Dot’s depth of experience embedding seamless, innovative and value-driven financial tools into their partner ecosystems, along with their passion for providing accessible financial services to consumers and businesses, make them a great fit for Stockpile’s long-term vision and growth trajectory,” said
Stockpile’s research shows that 64 percent of teens rely on parents for financial education more than any other source, including school, friends and social media. Yet 55 percent of parents say they rarely, if ever, have conversations about household finances with their kids, according to a CNBC survey. Recognizing this gap, Stockpile and Green Dot are creating a platform where parents can support their kids in learning and applying lifelong, responsible financial habits together.
The initial new feature to be added to Stockpile’s investing suite will be a debit card with parental spending controls. Parents will be able to set up debit cards quickly and easily for qualified minors with appropriate access, oversight and controls, enabling valuable early financial experiences. Additional tools and functionality will also be added to Stockpile’s product suite in the future.
“We’re proud to partner with Stockpile to embed powerful financial tools and experiences that fuel engagement and value for their customers,” said
Green Dot’s upgraded and integrated banking, technology and network platforms power the company’s direct customers and world-class partners with market-leading, low-cost financial tools and experiences. Stockpile will be among Green Dot’s first new partners to build and operate from Green Dot’s modernized and cloud-native platform that enables more efficient, customizable and scalable production and service.
For more information, please visit: www.stockpile.com.
“Starting is Everything." With this guiding principle, Stockpile is on a mission to reshape the financial world. Founded in 2010 and headquartered in
Recently named the "Best Online Brokerage for Kids & Teens" by
Focused on families and the next generation, Stockpile aims to build a financially informed, confident and secure society, turning
About Green Dot
Green Dot offers a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. Its flagship digital banking platform GO2bank offers consumers simple and accessible mobile banking designed to help improve financial health over time. The company’s banking platform services business enables a growing list of the world’s largest and most trusted consumer and technology brands to deploy customized, seamless, value-driven money management solutions for their customers.
Founded in 1999, Green Dot has served more than 33 million customers directly and many millions more through its partners. The Green Dot Network of more than 90,000 retail distribution locations nationwide, more than all remaining bank branches in the
1 Stockpile offers two types of accounts: individual brokerage accounts and custodial accounts. To open an account for someone under the age of 18 (in most states), a custodial account will need to be set up with the minor as the beneficiary. Custodians can manage and approve any requested trade activity by the minor.