Green Dot’s GoBank Bank Account Launches Solely at Walmart

Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank 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 checking account item available solely from 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 bunch of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimum 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 reports aren’t actually free since they have actually high overdraft charges. In reality, a study that is independent 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 control your everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings the advantages of a FDIC-insured bank checking account that’s laden up with features to a big part of People in the us.”

GoBank, a full-featured bank account, emerges 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 due to high charges,” said Daniel Eckert, senior vice president of services for Walmart U.S. “Adding the GoBank bank account to the racks means our clients could have exclusive use of probably one of the most affordable, comprehensive and easy-to-use checking reports on the market. GoBank offers our customers just one more choice on how they handle their cash. When our clients have actually choices, they win.”

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

Low, Fair and easy Fees: GoBank’s rates causes it to be the most affordable checking reports in the banking industry. There are not any minimal balance needs or overdraft costs — not even NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 each month, the membership that is monthly of $8.95 is waived. GoBank additionally has network that is industry-leading of free ATMs.

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

  • Expanded Access: Neither cash1 loans hours a ChexSystems rating nor credit bureau score can be used since the foundation for determining consumer eligibility. Rather, GoBank makes use of underwriting that is proprietary to permit just about any customer whom passes ID verification to open a free account.
  • Additional features and great things about GoBank consist of:

    Fast Account Set-Up: establishing a GoBank account usually 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 card that is personalized arrives the mail.

    Clear Fee Structure: GoBank’s $8.95 month-to-month expense is waived in almost any month with qualifying direct deposits totaling $500 or higher. Other costs incorporate a 3 % transaction that is foreign and out-of-network ATM charges (typically $2.50 for an out-of-network ATM plus any cost the ATM owner may evaluate). The complete overview can be located at GoBank.com/NoWorries.

    Early Paycheck Availability: GoBank now offers very early payroll direct deposit so clients could possibly get their paycheck deposited prior to when their normal payday if their company notifies GoBank of the deposit ahead of time.

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

  • Forward Money instantly: customers can send money to instantly one another at no cost via email 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 realtime, they are able to 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 locations and built to be applied on your cellular phone, without any overdraft or penalty costs ever. With GoBank, users have actually full access and control of their cash from participating Walmart areas, in addition to their iPhone, ipod itouch or Andro .

    GoBank is really a brand name and trademark of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under any of these trade names are deposits with just one FDIC-insured bank, Green Dot Bank, and they are aggregated for deposit insurance policy. 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, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking reports and money processing solutions distributed by way of a community of some 95,000 stores, community financial solution facilities and via electronic networks. The business is headquartered in Pasadena, Ca with Green Dot Bank based in Provo, Utah.

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