Green Dot’s GoBank Bank Checking Account Launches Solely at Walmart

Green Dot’s GoBank Bank Checking Account Launches Solely at Walmart

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

September 24, 2014 Pasadena that is. – Green Dot Corp. (NYSE: GDOT) and Walmart (NYSE: WMT) today announced the nationwide rollout of GoBank , a bank account item|account that is checking available exclusively on the retailer’s racks. The bank checking 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 costs or month-to-month fees with qualifying direct deposits. October the product will be available nationwide by the end of.

“Many so-called ‘free’ checking reports 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 roughly $218 — $314 each year for a fundamental 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 simple and affordable to handle your everyday finances. GoBank is wearing down the barriers to banking that is traditional brings the advantages of a FDIC-insured bank checking account that’s laden up with features to a sizable part of People in the us.”

GoBank, a checking that is full-featured, exists 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 old-fashioned banking as a result of high charges,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank checking account to your shelves means our clients could have exclusive usage of the most affordable, comprehensive and easy-to-use checking records on the market. GoBank offers our customers just one more choice as to exactly how they handle their funds. Whenever our clients have actually choices, they win.”

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

Minimal, Fair and easy Fees: GoBank’s rates causes it to be one of the more checking that is affordable in the banking industry. There are not any minimal balance needs or overdraft costs — not NSF charges on bad checks. In accordance with a qualifying direct deposit of simply $500 every month, the membership that is monthly of $8.95 is waived. GoBank also has industry-leading system of 42,000 free ATMs.

Simple Money Management: GoBank includes a selection 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.

Extra features and advantages of GoBank consist of:

Fast Account Set-Up: creating a GoBank account takes just moments after buying a beginner kit for $2.95. After set-up, clients can instantly utilize their beginner debit MasterCard for purchases until their individualized card comes in the mail.

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

Early Paycheck Availability: GoBank now offers very early payroll direct deposit so clients will get their paycheck deposited earlier than their normal payday if their manager notifies GoBank of a deposit ahead of time.

Advice on Spending from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This really is a reaction a client might see from GoBank’s “Fortune Teller,” if they attempt 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 regarding the purchase.

About GoBankGoBank may be the bank that is award-winning offered at choose Walmart areas and built to be properly used on your own cell phone, without any overdraft or penalty charges ever. With GoBank, users have actually complete access and control over their funds from participating Walmart places, along with their iPhone, ipod itouch or Android os unit, and may withdraw cash from a lot more than 42,000 fee-free ATMs into the U.S. individuals can subscribe to a GoBank account by buying a GoBank beginner kit at participating Walmart shops, and that can manage their account on the cell phone or computer. In March, GoBank ended up being known as a Gold Winner for 2013 PYMNTS Innovator Awards . To find out more about GoBank.

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. Build up under some of these trade names are deposits with a single FDIC-insured bank, Green Dot Bank, and generally are aggregated for deposit insurance plan. 2014 Green Dot Bank. All legal rights reserved.

About Green Dot CorporationGreen Dot Corporation as well as its wholly subsidiary that is owned, Green Dot Bank, are concentrated solely on serving Low and Moderate Income United states families with contemporary, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking records and money processing solutions distributed through a community of some 95,000 shops, community financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank based in Provo, Utah.