Green Dot’s GoBank Bank Account Launches Solely at Walmart

Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank checking 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 nationwide rollout of GoBank , a bank account item|account that is checking available exclusively on 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 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 checking that is‘free aren’t really 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, 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 finances that are everyday. GoBank is wearing down the obstacles to conventional banking and brings the many benefits of a FDIC-insured bank checking account that’s laden up with features to a big part of People in america.”

GoBank, a checking that is full-featured, emerges as an element of Walmart’s checking options category.

“Walmart customers want easier techniques to handle their everyday finances and increasingly feel they just aren’t getting value from old-fashioned banking as a result of high charges,” said Daniel Eckert, senior vice president of services for Walmart U.S. “Adding the GoBank bank checking account to the racks means our clients could have exclusive usage of the most affordable, comprehensive and easy-to-use checking reports in the market. GoBank provides our customers still another choice as to how they handle their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks customers will discover the merchandise specially compelling noting the features that are following functions:

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be one of the more affordable checking records in the banking industry. There are not any minimal balance needs or overdraft costs — not really 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 industry-leading system of 42,000 free ATMs.

Simple Money Management: GoBank is sold with a variety of features that on-the-go, mobile-centric customers need, including instant person-to-person payments, pay-anyone bill pay, innovative cost management tools and much more.

Additional features and great things about GoBank include:

Fast Account Set-Up: creating a GoBank account may take in just minutes after buying a beginner kit for $2.95. After set-up, clients can straight away utilize 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 almost any month with qualifying direct deposits totaling $500 or even more. Other costs consist of a 3 % international transaction cost 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 clients will get their paycheck deposited earlier than their normal payday if their manager 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.” It is an answer a person might see from GoBank’s “Fortune Teller,” if they you will need to invest beyond their budget. “Fortune Teller” crosschecks the price tag on a product having 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.

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

GoBank is a brand name and trademark of Green Dot Bank, Member FDIC, that also runs beneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with just one FDIC-insured bank, Green Dot Bank, consequently they are aggregated for deposit insurance plan. 2014 Green Dot Bank. All liberties 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 lending options and solutions, including prepaid cards, checking reports and money processing solutions distributed by way of a system of some 95,000 shops, community financial solution facilities and via electronic stations. The organization is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.