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Green Dot’s GoBank Bank Account Launches Solely at Walmart

Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank checking account makes it much simpler for clients to control Everyday Finances

September 24, 2014 – Pasadena, Calif. – Green Dot Corp. (NYSE: GDOT) and Walmart (NYSE: WMT) today announced the nationw > GoBank , a bank checking account product available solely in the retailer’s shelves. The bank checking account, from Green Dot Bank, Member FDIC, is perfect for today’s “on-the-go” customer, supplying a number of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal stability costs or month-to-month charges with qualifying direct deposits. October the product will be available nationwide by the end of.

“Many so-called ‘free’ checking records aren’t actually free simply because they have actually high overdraft charges. In reality, a study that is independent Bretton Woods estimates that customers spend around $218 – $314 each year for a simple bank checking account,” stated Steve Streit, creator and CEO of Green Dot Corporation and president of Green Dot Bank. “No other checking account makes it this effortless and affordable to control your everyday finances. GoBank is wearing down the barriers to conventional banking and brings the advantages of a FDIC-insured checking account that’s laden up with features to a big section of People in the us.”

GoBank, a checking that is full-featured, is offered included in Walmart’s checking options category.

“Walmart customers want easier methods to handle their everyday finances and increasingly feel they just aren’t getting value from conventional banking as a result of high charges,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank account to the shelves means our clients may have exclusive usage of the most affordable, comprehensive and easy-to-use checking reports on the market. GoBank provides our customers still another choice on how they handle their cash. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will see the item specially compelling noting the following features and functions:

Low, Fair and Simple Fees: GoBank’s rates causes it to be probably the most affordable checking records in the banking industry. There aren’t any balance that is minimum or overdraft costs — not really NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 each month, the month-to-month account expense of $8.95 is waived. GoBank also has network that is industry-leading of free ATMs.

Effortless Money Management: GoBank is sold with a variety of features that on-the-go, mobile-centric customers require, including instant person-to-person payments, pay-anyone bill pay, revolutionary budgeting tools and much more.

  • Expanded Access: Neither a ChexSystems rating nor credit bureau score is employed since the foundation for determining client eligibility. Rather, GoBank utilizes proprietary underwriting strategies to permit just about any customer whom passes ID verification to start a merchant account.
  • Additional features and great things about GoBank consist of:

    Quick Account Set-Up: cash store loans locations creating a GoBank account takes in just minutes after buying a beginner kit for $2.95. After set-up, customers can straight away make use of their beginner debit MasterCard for purchases until their card that is personalized arrives the mail.

    Clear Fee Structure: GoBank’s $8.95 monthly expense is waived in virtually any month with qualifying direct deposits totaling $500 or even more. Other costs add a 3 per cent international transaction cost and out-of-network ATM costs (typically $2.50 for an out-of-network ATM plus any cost the ATM owner may evaluate). The complete overview can be located at

    Early Paycheck Availability: GoBank also provides early payroll direct deposit so clients will get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of a deposit ahead of time.

    Guidance on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This might be a reply a client may see from GoBank’s “Fortune Teller,” if they you will need to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on a product having a customer’s prepared earnings and costs, and when they can’t manage it, they’ll be encouraged in real-time to pass through in the purchase.

  • Forward cash immediately: clients can immediately send cash to one another at no cost via e-mail or text.
    • Cash Vault: the cash Vault is a built-in banking account, with deposits insured because of the FDIC, where clients can easily place cash away. In realtime, they could go cash in to the vault for safekeeping or from the vault become accessed using their debit MasterCard.

    About GoBankGoBank may be the award-winning banking account offered by choose Walmart areas and built to be properly used in your mobile, without any overdraft or penalty costs ever. With GoBank, users have actually complete access and control over their cash from participating Walmart places, in addition to their iPhone, ipod itouch or Andro .

    GoBank is just a trademark and brand of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with just one bank that is FDIC-insured Green Dot Bank, and generally are aggregated for deposit coverage. 2014 Green Dot Bank. All legal rights reserved.

    About Green Dot CorporationGreen Dot Corporation as well as its wholly owned subsidiary bank

    Green Dot Bank, are concentrated solely on serving minimal and Moderate Income United states families with contemporary, fair and feature-rich financial loans and solutions, including prepaid cards, checking records and money processing solutions distributed by way of a system of some 95,000 shops, neighbor hood service that is financial and via electronic networks. The business is headquartered in Pasadena, California with Green Dot Bank situated in Provo, Utah.

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