Green Dot’s GoBank Bank Account Launches Solely at Walmart

Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank account helps it be better for Customers to control Everyday Finances

September 24, 2014 – Pasadena, Calif. – 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 regarding the retailer’s racks. 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 doesn’t charge overdraft charges, minimum balance 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 simply because they have actually high overdraft charges. In reality, a independent study by Bretton Woods estimates that customers spend more or less $218 – $314 each year for a simple bank checking account,” stated Steve Streit, founder 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 deteriorating the obstacles to conventional banking and brings the many benefits of a FDIC-insured checking account that’s laden up with features to a sizable portion of People in america.”

GoBank, a full-featured bank checking account, emerges as an element of 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 services for Walmart U.S. “Adding the GoBank bank checking account to the shelves means our clients could have exclusive use of perhaps one of the most affordable, comprehensive and easy-to-use checking reports in the market. GoBank offers our customers still another choice on 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 following features and functions:

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be probably one of the most checking that is affordable in the banking industry. There aren’t any minimum balance needs or overdraft costs — not really NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 every month, the membership that is monthly of $8.95 is waived. GoBank additionally has network that is industry-leading of free ATMs.

Simple Money Management: GoBank is sold with 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.

Additional features and advantages of GoBank consist of:

Fast Account Set-Up: creating a GoBank account may take just moments after investing in a beginner kit for $2.95. After set-up, clients can instantly make use of 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 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 evaluate). The overview that is full be located at

Early Paycheck Availability: GoBank also provides very early payroll direct deposit so customers will get their paycheck deposited prior to when their normal payday if their manager notifies GoBank of a deposit ahead of time.

Guidance on Spending from “Fortune Teller” function: “Remember that time the lottery was won by you? I don’t either.” This will be a reaction a person 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 it, they’ll be advised in real-time to pass on the purchase if they can’t afford.

About GoBankGoBank could be the bank that is award-winning offered by choose Walmart areas and built to be utilized in your cellular phone, without any overdraft or penalty costs ever. With GoBank, people have actually complete access and control over their funds from participating Walmart places, in addition to their iPhone, ipod itouch or Android os unit, and may withdraw money from significantly more than 42,000 fee-free ATMs into the U.S. People can join a GoBank account by purchasing a GoBank beginner kit at participating Walmart shops, and certainly will handle their account on the cell phone or computer. In March, GoBank ended up being called a Gold Winner for 2013 PYMNTS Innovator Awards . To find out more about GoBank.

GoBank is just a trademark and brand of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with just one 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 owned subsidiary bank, Green Dot Bank, are concentrated solely on serving minimal and Moderate Income United states families with modern, reasonable and feature-rich lending options and solutions, including prepaid cards, checking records and money processing solutions distributed via a community of some 95,000 stores, neighbor hood financial solution facilities and via electronic stations. The business is headquartered in Pasadena, Ca with Green Dot Bank based in Provo, Utah.