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 causes it to 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 in the retailer’s racks. The bank account, from Green Dot Bank, Member FDIC, is made for today’s „on-the-go“ customer, providing a number of contemporary features and a connected MasterCard debit card. GoBank doesn’t 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 checking that is‘free aren’t actually free since they have actually high overdraft charges. In reality, a study that is independent Bretton Woods estimates that customers spend more or less $218 – $314 each year for a simple 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 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 sizable portion of People in america.”

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 old-fashioned banking due to high fees,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank checking account to the racks means our clients may have exclusive use of probably the most affordable, comprehensive and easy-to-use checking records in the market. GoBank provides our customers just one more choice as to just how they handle their funds. Whenever our clients have actually choices, they win.”

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

Minimal, 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 really NSF fees on bad checks. In accordance with a qualifying direct deposit of simply $500 each month, the month-to-month account expense of $8.95 is waived. GoBank additionally has network that is industry-leading of free ATMs.

Simple Money Management: GoBank is sold with 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.

Extra features and advantages of GoBank consist of:

Fast Account Set-Up: establishing a GoBank account usually takes just moments after purchasing a beginner kit for $2.95. After set-up, customers can immediately utilize their beginner debit MasterCard for acquisitions until their individualized card arrives in the mail.

Clear Fee Structure: GoBank’s $8.95 month-to-month price is waived in virtually any month with qualifying direct deposits totaling $500 or maybe more. Other costs come with 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 charge the ATM owner may evaluate). The overview that is full be located at

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 a deposit ahead of time.

Information on investing from “Fortune Teller” function: “Remember that time you won the lottery? We don’t either.” This can be a reaction an individual 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 by having a customer’s prepared earnings and costs, and when they can’t pay for it, they’ll be encouraged in real-time to pass through in the purchase.

About GoBankGoBank may be the award-winning banking account offered by choose Walmart areas and designed to be properly used on your own cell phone, without any overdraft or penalty costs ever. With GoBank, users have actually complete access and control of their money from participating Walmart areas, along with their iPhone, ipod itouch or Android unit, and certainly will withdraw money from significantly more than 42,000 fee-free ATMs when you look at the U.S. People can subscribe to a GoBank account by buying a GoBank beginner kit at participating Walmart shops, and will handle their account on the cellular phone or computer. In March, GoBank ended up being called a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

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. Deposits under some of these trade names are deposits with just one FDIC-insured bank, 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 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 solutions, including prepaid cards, checking reports and money processing solutions distributed through a system 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.