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 that is. – Green Dot Corp. (NYSE: GDOT) and Walmart (NYSE: WMT) today announced the > that is nationw , a bank checking account item available solely from the retailer’s shelves. 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 charges with qualifying direct deposits. The merchandise will soon be available nationwide because of the end of October.

“Many so-called checking that is‘free aren’t really free since they have actually high overdraft fees. In reality, a separate research by Bretton Woods estimates that customers spend about $218 – “No other checking account makes it this effortless and affordable to handle your everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings some great benefits of a FDIC-insured bank checking account that’s laden up with features to a sizable section of People in the us.”

GoBank, a full-featured bank checking account, 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 because of high charges,” said Daniel Eckert, senior vice president of services for Walmart U.S. “Adding the GoBank bank checking account to the shelves means our clients may have exclusive usage of perhaps one 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 manage their cash. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will discover this product 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 accounts in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF charges on bad checks. In accordance with a qualifying direct deposit of simply $500 every month, the month-to-month account expense of $8.95 is waived. GoBank additionally has industry-leading system of 42,000 free ATMs.

Effortless Money Management: GoBank includes a variety of features that on-the-go, mobile-centric consumers 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 can be used given that foundation for determining consumer eligibility. Alternatively, GoBank utilizes proprietary underwriting practices to permit just about any customer whom passes ID verification to start a merchant account.
  • Extra features and advantages of GoBank consist of:

    Fast Account Set-Up: establishing a GoBank account may take in just minutes after buying a starter 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 just about any month with qualifying direct deposits totaling $500 or maybe more. Other costs add 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 complete overview can be located at

    Early Paycheck Availability: GoBank also provides payroll that is early 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.

    Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” It is a reply an individual may see from GoBank’s “Fortune Teller,” if they attempt to spend beyond their spending plan. “Fortune Teller” crosschecks the price tag on a product having a customer’s planned earnings and costs, and it, they’ll be advised in real-time to pass on the purchase if they can’t afford.

  • Forward Money immediately: clients can immediately deliver cash to one another at no cost via e-mail or text.
    • Cash Vault: the cash Vault is definitely a built-in banking account, with deposits insured by the FDIC, where clients can very quickly place cash away. In real-time, they are able to go cash to the vault for safekeeping or from the vault become accessed along with their debit MasterCard.

    About GoBankGoBank is the award-winning banking account offered at choose Walmart areas and designed to be utilized on your own cell phone, without any overdraft or penalty costs ever. With GoBank, users 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, which also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with an individual bank that is FDIC-insured Green Dot Bank, and are usually 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 bank that is owned

    Green Dot Bank, are focused exclusively on serving minimal and Moderate Income United states families with contemporary, reasonable and feature-rich lending options and services, including prepaid cards, checking records and money processing solutions distributed through a system of some 95,000 stores, community service that is financial and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.