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First Horizon Bank Partners with Greenlight to Support Family Financial Health

In a notable move to enhance financial literacy among younger generations, First Horizon Bank, a prominent financial institution, has recently announced its collaboration with Greenlight Financial Technology, Inc. This partnership aims to equip families with essential financial tools and resources designed specifically for kids and teens. With the growing need for financial education, First Horizon’s initiative underscores its commitment to fostering a culture of financial responsibility from an early age.

First Horizon Bank, renowned for its dedication to community services, will provide its clients and their families with access to Greenlight's innovative family financial application. This platform integrates several features, including debit cards, money management tools, and educational resources catered towards young learners. The app is designed to encourage children and teens to cultivate positive financial habits, allowing them to engage actively in their financial journey.

Building Healthy Financial Habits

At the heart of Greenlight’s mission is a desire to teach children about earning, saving, spending, and managing money effectively. By using hands-on financial tools, kids are encouraged to make informed choices regarding their finances. This not only educates them on financial management but also fosters independence and responsibility in handling their resources. Moreover, parents and caregivers gain improved oversight over their children’s financial activities, offering a layer of security and peace of mind when it comes to managing family finances.

In addition to empowering children, the app facilitates the monitoring of elderly family members’ finances, helping prevent potential financial fraud and theft. This comprehensive approach enables families to navigate their finances collectively, providing support across generations.

Eligible clients who link their First Horizon accounts as their funding source can access the Greenlight’s Select subscription free of charge, making it a cost-effective solution for many families. The enhanced features, available at a discount, include options for added family protection and financial management capabilities.

Key Features of Greenlight’s Financial Tools

Greenlight Select (Free)

• - Debit cards for managing funds for up to five children
• - 2% savings reward to encourage saving
• - Automated allowance features to simplify chore management
• - Easy family transfers to enhance cash flow management
• - Interactive financial literacy games to make learning fun

Infinity Select (Discounted)

• - Investment opportunities for kids to introduce them to the stock market
• - Family location sharing for safety
• - Driving reports for teen drivers
• - SOS alerts and Crash detection for added safety awareness

Family Shield Select (Discounted)

• - Account monitoring for suspicious activities
• - Alerts for unusual transactions
• - Identity protection services for up to two senior family members

Commitment to Financial Empowerment

Erin Pryor, Senior Executive Vice President at First Horizon, expressed her enthusiasm about the partnership. She stated, “Many of our clients are looking for ways to help their children build smart financial habits from an early age. Through our collaboration with Greenlight, we're excited to provide tools that not only support children's development of healthy financial skills but also assist parents in managing their family’s financial wellbeing.”

Echoing this sentiment, Matt Wolf, Chief Commercial Officer at Greenlight, highlighted the importance of accessible financial education. “We're thrilled to partner with First Horizon to extend our family finance platform to more households. This partnership reflects Greenlight's commitment to assisting families in navigating money management together across all life stages,” he said.

Clients of First Horizon can easily enroll in this beneficial program by registering through the bank's official website and linking their accounts to access the financial tools available. This initiative by First Horizon Bank and Greenlight is a significant step towards empowering families with the necessary skills and resources to thrive financially.

About the Companies

First Horizon Corp., based in Memphis, TN, is a leading regional financial services institution with assets exceeding $84 billion. Known for its commitment to community building, the company offers a range of banking and financial services across the Southern United States. Their recent partnership with Greenlight not only enhances their service offerings but also reinforces their dedication to supporting families in achieving financial success.

Greenlight, on the other hand, has pioneered family-focused financial technology solutions. With millions of users trusting their platform, the company is on a mission to ensure every family has the tools they need to manage their finances effectively, safely, and collaboratively.

By harnessing technology to simplify financial education and management, both First Horizon Bank and Greenlight are setting the stage for a generation of financially savvy individuals prepared to face tomorrow’s challenges.