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

Full-Featured bank account makes it much simpler for clients to Manage 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 in the retailer’s racks. The bank account, from Green Dot Bank, Member FDIC, is made for today’s « on-the-go » customer, supplying a bunch of modern 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. This product is going to be available nationwide because of 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 around $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 simple and affordable to handle your everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings some great benefits 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 checking account, exists 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 old-fashioned 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 use of probably the most affordable, comprehensive and easy-to-use checking records in the market. GoBank provides our customers still another choice on how they handle their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will discover the merchandise especially compelling noting the features that are following functions:

Minimal, Fair and easy Fees: GoBank’s pricing causes it to be one of the more checking that is affordable in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 every month, the month-to-month account price of $8.95 is waived. GoBank additionally has industry-leading system of 42,000 free ATMs.

Effortless Money Management: GoBank is sold with 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 advantages of GoBank consist of:

Fast Account Set-Up: establishing a GoBank account may take 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.

Transparent Fee Structure: GoBank’s $8.95 month-to-month cost is waived in virtually any month with qualifying direct deposits totaling $500 or even more. Other charges come with a 3 per cent international transaction charge and out-of-network ATM costs (typically $2.50 for an out-of-network ATM plus any charge the ATM owner may evaluate). The overview that is full be located at GoBank.com/NoWorries.

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.

Guidance on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” That is 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 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 may be the bank that is award-winning offered by choose Walmart areas and built to be properly used on the cell phone, without any overdraft or penalty charges ever. With GoBank, users have actually complete access and control over their funds 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 when you look at the U.S. individuals can join a GoBank account by buying a GoBank beginner kit at participating Walmart shops, and certainly will handle https://cartitleloansplus.com/payday-loans-ma/ their account to their cell 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 a trademark and brand 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 so 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 solely on serving minimal and Moderate Income United states families with modern, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking records and money processing solutions distributed by way of a system of some 95,000 stores, community financial solution facilities and via electronic networks. The business is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.

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