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

Full-Featured bank account helps it 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 regarding 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 linked over here debit card. GoBank does not charge overdraft charges, minimal stability costs 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 separate research by Bretton Woods estimates that customers spend roughly $218 – $314 per 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 simple and affordable to handle your everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings the many benefits of a FDIC-insured bank checking account that’s laden up with features to a sizable 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 how to handle their everyday finances and increasingly feel they just aren’t getting value from conventional 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 could have exclusive use of one of the more affordable, comprehensive and easy-to-use checking reports on the market. GoBank offers our customers still another choice on how they handle their cash. Whenever our clients have actually choices, they win.”

Green Dot thinks customers will discover the item specially compelling noting the following features and functions:

Minimal, Fair and easy Fees: GoBank’s rates causes it to be one of the more affordable checking reports in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF charges on bad checks. And 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 community of 42,000 free ATMs.

Simple 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.

Additional features and great things about GoBank consist of:

Fast Account Set-Up: starting a GoBank account takes just moments 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.

Transparent Fee Structure: GoBank’s $8.95 month-to-month expense is waived in almost any month with qualifying direct deposits totaling $500 or maybe more. Other charges incorporate 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 assess). The complete overview can be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank offers payroll that is early deposit so clients will get their paycheck deposited earlier than their normal payday if their company notifies GoBank of a deposit beforehand.

Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This is certainly a reply a client might see from GoBank’s “Fortune Teller,” if they make an effort to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on something with a customer’s prepared income and costs, and when they can’t pay for it, they’ll be advised in real-time to pass through from the purchase.

About GoBankGoBank could be the bank that is award-winning offered by choose Walmart areas and built to be utilized on the cellular phone, without any overdraft or penalty fees ever. With GoBank, users have actually complete access and control of their funds from participating Walmart areas, in addition to their iPhone, ipod itouch or Android os unit, and certainly will withdraw money from significantly 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 certainly will handle their account to their mobile or computer. In March, GoBank ended up being known as a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

GoBank is really a trademark and brand 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 FDIC-insured bank, Green Dot Bank, consequently they are 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 concentrated exclusively on serving minimal and Moderate Income United states families with contemporary, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking reports and money processing solutions distributed via a community 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.

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