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 helps it be better 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 from the retailer’s racks. The bank checking account, from Green Dot Bank, Member FDIC, is designed 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, minimal stability charges 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 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 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 simple and affordable to handle your finances that are everyday. GoBank is breaking 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 sizable part of People in america.”

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

“Walmart customers want easier how to handle their everyday finances and increasingly feel they just aren’t getting value from conventional banking due to high costs,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank checking account to your racks means our clients may have exclusive use of probably one of the most affordable, comprehensive and easy-to-use checking accounts on the market. GoBank offers our customers still another choice on how they handle their cash. Whenever our clients have actually choices, they win.”

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

Minimal, Fair and easy Fees: GoBank’s rates causes it to be probably one of the most checking that is affordable in the banking industry. There are not any balance that is minimum or overdraft costs — not NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 every month, the month-to-month account price of $8.95 is waived. GoBank additionally has network that is industry-leading of 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 budgeting tools and much more.

Additional features and great things about GoBank consist of:

Fast Account Set-Up: installing a GoBank account usually takes just moments after investing in a beginner kit for $2.95. After set-up, clients can instantly utilize their beginner debit MasterCard for acquisitions until payday loans Wisconsin their card that is personalized arrives the mail.

Transparent Fee Structure: GoBank’s $8.95 cost that is monthly waived in every month with qualifying direct deposits totaling $500 or higher. Other charges incorporate a 3 per cent 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 assess). The complete overview can be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank now offers payroll that is early deposit so clients will get their paycheck deposited prior to when their normal payday if their manager notifies GoBank of the deposit ahead of time.

Guidance on Spending from “Fortune Teller” function: “Remember that time you won the lottery? We don’t either.” This is certainly a reaction a client may 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 having a customer’s prepared income and costs, and when they can’t manage it, they’ll be encouraged in real-time to pass through in the purchase.

About GoBankGoBank may be the award-winning bank account offered at select Walmart areas and designed to be applied on the cellular phone, without any overdraft or penalty charges ever. With GoBank, users have actually full access and control over their funds from participating Walmart areas, along with their iPhone, ipod itouch or Android os unit, and that can withdraw money from significantly more than 42,000 fee-free ATMs within the U.S. People can join a GoBank account by buying a GoBank beginner kit at participating Walmart shops, and certainly will handle their account on the mobile or computer. In March, GoBank ended up being known as a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

GoBank is just 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 just one FDIC-insured bank, Green Dot Bank, and they are aggregated for deposit insurance policy. 2014 Green Dot Bank. All liberties reserved.

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