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 makes it best payday loans in South Dakota 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 regarding the retailer’s racks. The bank checking account, from Green Dot Bank, Member FDIC, is made 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, minimum balance costs or month-to-month charges with qualifying direct deposits. The item will likely be available nationwide by the end of October.

“Many so-called checking that is‘free aren’t actually free simply because they have high overdraft charges. In reality, a separate research by Bretton Woods estimates that customers spend roughly $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 effortless and affordable to control your everyday finances. 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 big part of People in america.”

GoBank, a full-featured bank account, emerges included in 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 due to high costs,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank account to the racks means our clients may have exclusive use of one of the more affordable, comprehensive and easy-to-use checking reports on the market. GoBank provides our customers still another option on how they handle their funds. When our clients have actually choices, they win.”

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

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be the most affordable checking records in the banking industry. There are not any minimal balance needs or overdraft costs — not really NSF charges on bad checks. In accordance with a qualifying direct deposit of simply $500 each month, the month-to-month account price of $8.95 is waived. GoBank additionally has industry-leading community of 42,000 free ATMs.

Easy 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:

Quick Account Set-Up: installing a GoBank account may take in just minutes after investing in a starter kit for $2.95. After set-up, clients can instantly make use of their beginner debit MasterCard for acquisitions until their individualized card comes in the mail.

Clear Fee Structure: GoBank’s $8.95 month-to-month expense is waived in almost any month with qualifying direct deposits totaling $500 or even more. Other costs include 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 now offers very early payroll direct deposit so clients will get their paycheck deposited prior to when their normal payday if their company 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.” This will be an answer a client might see from GoBank’s “Fortune Teller,” if they you will need to invest beyond their spending plan. “Fortune Teller” crosschecks the price of 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 may be the bank that is award-winning offered at choose Walmart areas and meant to be utilized on the cell phone, without any overdraft or penalty charges ever. With GoBank, members have actually full access and control over their cash from participating Walmart places, along with their iPhone, ipod itouch or Android os unit, and may withdraw money from a lot more than 42,000 fee-free ATMs within 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 to their cellular phone or computer. In March, GoBank ended up being known as a Gold Winner for 2013 PYMNTS Innovator Awards . To find out more about GoBank.

GoBank is really 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 an individual bank that is FDIC-insured Green Dot Bank, consequently they are 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 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 services, including prepaid cards, checking reports and money processing solutions distributed via a community of some 95,000 stores, community financial solution facilities and via electronic stations. The business is headquartered in Pasadena, Ca with Green Dot Bank based in Provo, Utah.