Stockpile and Green Dot Partner to Deliver Simple, Affordable Financial Services to Investors of All Ages

Green Dot Corporation (NYSE: GDOT) and Stockpile, Inc. today 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 suite¹, with additional features and functionality planned for the future.

“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 Victor Wang, CEO, Stockpile, Inc. “Partnering with Green Dot adds a new dimension to Stockpile's hands-on financial learning and access, and will deliver a seamless and responsible debit card experience as an educational stepping stone to investing.”

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 Simran Singh, Head of Enterprise Business Development, Embedded Finance, Green Dot. “We’re passionate about giving people and businesses access to seamless, affordable banking and financial tools that build financial confidence and prosperity, as well as partnering with companies like Stockpile that share our values, purpose and vision.”