Green Dot’s GoBank Bank Checking Account Launches Solely at Walmart

Full-Featured bank checking account causes it to be better 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 from the retailer’s shelves. The bank account, from Green Dot Bank, Member FDIC, is perfect for today’s “on-the-go” customer, supplying a number of contemporary features and a connected MasterCard debit card. GoBank doesn’t charge overdraft charges, minimum 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 actually free simply because they have actually high overdraft charges. In reality, a study that is independent Bretton Woods estimates that customers spend about $218 – $314 each year for a simple bank checking account,” said Steve Streit, creator and CEO of Green Dot Corporation and president of Green Dot Bank. “No other checking account makes it this simple and affordable to control your finances that are everyday. GoBank is wearing down the obstacles to conventional banking and https://cartitleloansplus.com/payday-loans-mi/ brings the advantages of a FDIC-insured bank checking account that’s laden up with features to a sizable section of People in america.”

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

“Walmart customers want easier how 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 solutions for Walmart U.S. “Adding the GoBank bank account to the racks means our clients could have exclusive usage of one of the more affordable, inclusive and easy-to-use checking records 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 believes customers will discover the merchandise especially compelling noting the following features and functions:

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

Effortless Money Management: GoBank includes 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.

Extra features and benefits of GoBank include:

Fast Account Set-Up: installing a GoBank account usually takes in just minutes after buying a beginner kit for $2.95. After set-up, clients can instantly utilize their beginner debit MasterCard for acquisitions until their card that is personalized arrives the mail.

Clear Fee Structure: GoBank’s $8.95 month-to-month expense is waived in just about any month with qualifying direct deposits totaling $500 or even more. Other fees 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 charge the ATM owner may evaluate). The complete overview can be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank also provides 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 can be a response a client 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 with 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 award-winning bank-account offered by select Walmart areas and designed to be utilized on your own cell phone, without any overdraft or penalty charges ever. With GoBank, users have actually complete access and control over their cash from participating Walmart places, along with their iPhone, ipod itouch or Android unit, and certainly will 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 will handle their account to their cellular phone or computer. In March, GoBank had been called a Gold Winner for 2013 PYMNTS Innovator Awards . To find out more about GoBank.

GoBank is 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 FDIC-insured bank, Green Dot Bank, and tend to be aggregated for deposit coverage. 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 focused solely on serving minimal and Moderate Income United states families with modern, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking reports and cash processing solutions distributed through a community of some 95,000 shops, community financial solution facilities and via electronic networks. The business is headquartered in Pasadena, Ca with Green Dot Bank positioned in Provo, Utah.