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, Calif. – Green Dot Corp. (NYSE: GDOT) and Walmart (NYSE: WMT) today announced the nationwide rollout of GoBank , a bank checking account item|account that is checking available exclusively from 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 fees, minimal stability charges or month-to-month charges with qualifying direct deposits. The merchandise will soon be available nationwide by the end of October.

“Many so-called checking that is‘free 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 more or less $218 – $314 each year for a fundamental bank checking account,” stated Steve Streit, creator and CEO of Green Dot Corporation and president of Green Dot Bank. “No other checking account makes it this easy and affordable to handle your everyday finances. GoBank is wearing down the obstacles to conventional banking and brings the many benefits of a FDIC-insured https://samedayinstallmentloans.net/payday-loans-oh/ bank checking account that’s laden up with features to a sizable part of People in the us.”

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

“Walmart customers want easier methods to manage their everyday finances and increasingly feel they just aren’t getting value from conventional banking as a result of 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 could have exclusive usage of perhaps one of the most affordable, comprehensive and easy-to-use checking reports on the market. GoBank provides our customers just one more option on how they handle their cash. Whenever our clients have actually choices, they win.”

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

Low, Fair and Simple Fees: GoBank’s rates causes it to be the most checking that is affordable in the banking industry. There aren’t any minimal balance needs or overdraft fees — 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 industry-leading community of 42,000 free ATMs.

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

Extra features and great things about GoBank consist of:

Fast Account Set-Up: establishing a GoBank account takes in just minutes after buying a beginner kit for $2.95. After set-up, clients can instantly make use of their beginner debit MasterCard for acquisitions until their card that is personalized arrives 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 charges consist of a 3 % international transaction cost 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 GoBank.com/NoWorries.

Early Paycheck Availability: GoBank also provides early payroll direct deposit so clients could possibly get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of the deposit ahead of time.

Information on Spending from “Fortune Teller” function: “Remember that time you won the lottery? We don’t either.” This will be a reply a person may see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on something 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 meant to be utilized on your own cellular 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 Android os unit, and will withdraw money from significantly more than 42,000 fee-free ATMs into the U.S. individuals can subscribe to 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 had been known as a Gold Winner for 2013 PYMNTS Innovator Awards . To find out 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 subsidiary that is owned, Green Dot Bank, are concentrated solely on serving minimal and Moderate Income United states families with contemporary, fair and feature-rich financial loans and solutions, including prepaid cards, checking reports and money processing services distributed by way of 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 positioned in Provo, Utah.