Digital Banking

Bank of Clarke partners with Greenlight Financial Technology for family finance app

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July 26, 2024

Bank of Clarke, based in Virginia, has partnered with Greenlight Financial Technology Inc. to provide its customers access to Greenlight's family finance app. Through this app, families can teach their children about money management, according to a press release.

Children can earn, save, donate and spend money using the Greenlight debit card. They can also access Greenlight Level Up, a financial literacy game.

"Bank of Clarke's partnership with Greenlight will empower our customers to educate their children about money management, fostering healthy lifelong financial habits," Brandon Lorey, president and CEO of Bank of Clarke, said in the release. "We're proud to be the first community bank in Virginia to offer this innovative program. Some of our senior staff are already using it with their children and have given it rave reviews."

"We created the Greenlight for Banks program to assist financial institutions in better serving families and engaging the next generation with top-notch financial education," Matt Wolf, SVP of business development at Greenlight, said in the release. "Community banks like Bank of Clarke are ideally positioned to enhance financial literacy thanks to their strong community ties and exceptional customer care."