Green Dot’s GoBank Bank Account Launches Exclusively at Walmart

Green Dot’s GoBank Bank Account Launches Exclusively at Walmart

Full-Featured bank checking account causes it to be better 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 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 bunch of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal stability costs or month-to-month fees with qualifying direct deposits. The merchandise is supposed to be available nationwide because of the end of October.

“Many so-called ‘free’ checking reports aren’t actually free since they have actually high overdraft charges. In reality, a separate research by Bretton Woods estimates that customers pay about $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 effortless and affordable to control your finances that are everyday. GoBank is wearing down the obstacles to conventional banking and brings some great benefits of a FDIC-insured bank checking account that’s laden up with features to a big portion of People in america.”

GoBank, a full-featured bank checking account, emerges 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 conventional banking due to high charges,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank account to your racks means our clients may have exclusive usage of probably one of the most affordable, inclusive and easy-to-use checking records on the market. GoBank offers our customers still another option as to how they handle their cash. 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 checking that is affordable in the banking industry. There are not any minimal balance needs or overdraft costs — not even 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 network of 42,000 free ATMs.

Effortless Money Management: GoBank includes a variety of features that on-the-go, mobile-centric consumers 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: creating a GoBank account takes 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 card that is personalized arrives the mail.

Clear Fee Structure: GoBank’s $8.95 cost that is monthly 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 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 boss notifies GoBank of the deposit ahead of time.

Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This is certainly an answer a client may see from GoBank’s “Fortune Teller,” if they make an effort to invest beyond their budget. “Fortune Teller” crosschecks the price tag on something with a customer’s prepared earnings and expenses, 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 on your own cellular phone, without any overdraft or penalty charges ever. With GoBank, people have actually complete access and control of their cash from participating Walmart places, along with their iPhone, ipod itouch or Android os unit, and certainly will withdraw money from significantly more than 42,000 fee-free ATMs within the U.S. individuals can join a GoBank account by buying a GoBank starter kit at participating Walmart shops, and certainly will handle their account to their cell 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 and trademark 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 tend to be aggregated for deposit coverage. 2014 Green Dot Bank. All 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 contemporary, reasonable and feature-rich lending options and solutions, including prepaid cards, checking records and money processing services distributed through a system of some 95,000 stores, neighbor hood financial service centers and via electronic networks. The business is headquartered in Pasadena, California with Green Dot Bank positioned in Provo, Utah.