Green Dot Corporation and Stockpile Inc. announced a new partnership to introduce products, tools and features aimed at making investing and personal finance more accessible to consumers of all ages. Powered by Green Dot?s banking-as-a-service (BaaS) platform, Stockpile will embed parental spending controls and debit card functionality for minors in its retail investing product suite, with additional features and functionality planned for the future. Stockpile?s research shows that 64% of teens rely on parents for financial education more than any other source, including school, friends and social media.

Yet 55% 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. 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.