What happens to your Greenlight accounts when you die

The Card Account and Savings take no POD designation. Their balances are prepaid-card records held in a pooled deposit account at Community Federal Savings Bank (CFSB) and its Network Banks, in the Primary Accountholder's name.¹

The CFSB Cardholder Agreement provides no death-beneficiary mechanism.¹

The Greenlight kids' cards that GreenState Credit Union gives its members are not GreenState deposits and carry no POD option. They sit at Community Federal Savings Bank under Greenlight's single Primary Accountholder structure.²

The Invest Account takes no TOD designation, and the Greenlight Advisors Terms of Service provide no death-beneficiary mechanism. The account is opened at Alpaca Securities, LLC through the Greenlight app, so a TOD form cannot be filed with Alpaca independently.³

A child's "Investing for Kids" portfolio is owned by the parent, so a beneficiary cannot be named on it and the child has no automatic claim to it. The parent also files the taxes on it.³

No account is held jointly: every account sits under a single Primary Accountholder, and children and Supported Adults are cardholders, not owners.¹

Card Account funds sit in a pooled deposit account at Community Federal Savings Bank or a Network Bank, and cannot be titled to a trust through the Greenlight app.¹

Invest Account assets sit in Alpaca Securities, LLC custody, and cannot be titled to a trust through the Greenlight app.³

Greenlight does not open accounts in the name of a trust or retitle an existing account into one. The CFSB Cardholder Agreement and the Greenlight Advisors Terms of Service contemplate only an individual Primary Accountholder.^{1, 3}

The Greenlight Advisors Terms of Service state that rights under the agreement are personal and may not be assigned "by operation of law or otherwise."³

Issues the Card Account and holds Card Account and Savings funds in a pooled deposit account^{4, 1}

Custodian of Invest Account assets³