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 item available solely regarding the retailer’s shelves. The bank account, from Green Dot Bank, Member FDIC, is made 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 charges or month-to-month fees with qualifying direct deposits. The item will soon be available nationwide by the end of October.

“Many so-called checking that is‘free aren’t actually free since they have actually high overdraft charges. In reality, a separate research by Bretton Woods estimates that customers spend about $218 – $314 each year for a fundamental bank 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 handle your everyday finances. GoBank is wearing down the barriers to conventional banking and brings some great benefits of a FDIC-insured bank checking account that’s loaded with features to a big part of People in america.”

GoBank, a full-featured bank checking account, exists as an element of Walmart’s checking options category.

“Walmart customers want easier approaches 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 your racks means our clients may have exclusive usage of the most affordable, inclusive and easy-to-use checking reports on the market. GoBank provides our customers still another choice as to how they manage their cash. Whenever our clients have actually choices, they win.”

Green Dot believes clients will see the product especially compelling noting the features that are following functions:

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be the most checking that is affordable in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF charges on bad checks. Along with a qualifying direct deposit of just $500 each month, the month-to-month account expense of $8.95 is waived. GoBank additionally has industry-leading community of 42,000 free ATMs.

Simple Money Management: GoBank includes a variety of features that on-the-go, mobile-centric customers require, including instant person-to-person payments, pay-anyone bill pay, revolutionary cost management tools and much more.

  • Expanded Access: Neither a ChexSystems rating nor credit bureau score is employed whilst the foundation for determining consumer eligibility. Rather, GoBank utilizes proprietary underwriting practices allowing nearly every consumer who passes ID verification to start a free account.
  • Extra features and great things about GoBank consist of:

    Fast Account Set-Up: establishing a GoBank account may take in just minutes after investing in a beginner kit for $2.95. After set-up, clients can straight away make use of their beginner debit MasterCard for acquisitions until their individualized card comes in the mail.

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

    Early Paycheck Availability: GoBank also provides very early payroll direct deposit so clients could possibly get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of the deposit check city loans complaints beforehand.

    Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? I don’t either.” It is an answer a client may see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their budget. “Fortune Teller” crosschecks the price tag on something having a customer’s prepared earnings and costs, and it, they’ll be advised in real-time to pass on the purchase if they can’t afford.

  • Forward cash instantly: customers can send money to instantly one another at no charge via e-mail or text.
    • Cash Vault: the cash Vault is definitely a bank that is integrated, with deposits insured because of the FDIC, where clients can simply place money away. In real-time, they could go cash in to the vault for safekeeping or from the vault become accessed along with their debit MasterCard.

    About GoBankGoBank may be the bank that is award-winning offered at choose Walmart areas and designed to be applied in your cellular phone, without any overdraft or penalty charges ever. With GoBank, people have actually complete access and control of their cash from participating Walmart places, in addition to their iPhone, ipod itouch or Andro .

    GoBank is really a trademark and brand of Green Dot Bank, Member FDIC, that also runs beneath the brands Green Dot Bank and Bonneville Bank. Deposits under some of these trade names are deposits with an individual bank that is FDIC-insured Green Dot Bank, and tend to be aggregated for deposit insurance policy. 2014 Green Dot Bank. All liberties 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 modern, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking records and money processing solutions distributed by way of a community of some 95,000 shops, community financial service facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank based in Provo, Utah.