September 24, 2014 Pasadena that is. вЂ“ 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 retailerвЂ™s racks. The bank 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 debit card. GoBank does not charge overdraft charges, minimal stability charges or month-to-month charges with qualifying direct deposits. October the product will be available nationwide by the end of.
вЂњMany so-called вЂfreeвЂ™ checking reports arenвЂ™t actually free simply because they have actually high overdraft charges. In reality, a independent research by Bretton Woods estimates that customers spend about $218 – $314 each year for a fundamental bank checking account,вЂќ stated Steve Streit, founder and CEO of Green Dot Corporation and president of Green Dot Bank. вЂњNo other checking account makes it this effortless and affordable to control your finances that are everyday. GoBank is wearing down the barriers to banking that is traditional brings the advantages of a FDIC-insured bank checking account thatвЂ™s laden up with features to a big portion of People in the us.вЂќ
вЂњWalmart customers want easier techniques to handle their everyday finances and increasingly feel they just arenвЂ™t getting value from conventional banking as a result of high costs,вЂќ said Daniel Eckert, senior vice president of solutions for Walmart U.S. вЂњAdding the GoBank bank account to the racks means our clients could have exclusive usage of probably the most affordable, comprehensive and easy-to-use checking reports in the market. GoBank offers our customers still another option on how they handle their cash. Whenever our clients have actually choices, they win.вЂќ
Green Dot thinks clients will discover the merchandise specially compelling noting the features that are following functions:
Minimal, Fair and Simple Fees: GoBankвЂ™s rates 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. In accordance with a qualifying direct deposit of simply $500 every 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 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.
Fast Account Set-Up: installing a GoBank account usually takes in just minutes after buying a beginner kit for $2.95. After set-up, customers can straight away utilize their beginner debit MasterCard for purchases until their individualized card comes in the mail.
Transparent Fee Structure: GoBankвЂ™s $8.95 cost that is monthly waived in almost any month with qualifying direct deposits totaling $500 or higher. Other charges add a 3 % international transaction cost 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 GoBank.com/NoWorries.
Early Paycheck Availability: GoBank also provides payroll that is early 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.
Information on investing from вЂњFortune TellerвЂќ function: вЂњRemember that time you won the lottery? We donвЂ™t either.вЂќ This will be a reply an individual may see from GoBankвЂ™s вЂњFortune Teller,вЂќ if they make an effort to spend beyond their spending plan. вЂњFortune TellerвЂќ crosschecks the price tag on a product with a customerвЂ™s prepared earnings and costs, and when they canвЂ™t pay for it, theyвЂ™ll be encouraged in real-time to pass through from the purchase.
About GoBankGoBank could be the award-winning bank-account offered at choose Walmart areas and meant to be utilized in your cellular phone, without any overdraft or penalty charges ever. With GoBank, users have actually complete access and control over their cash from participating Walmart areas, in addition to their iPhone, ipod itouch or Android os unit, and certainly will withdraw money from a lot 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 that can handle their account on the mobile 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 just 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 just one FDIC-insured bank, Green Dot Bank, and generally are aggregated for deposit insurance policy. 2014 Green Dot Bank. All legal 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 financial loans and services, including prepaid cards, checking records and money processing solutions distributed by way of a community of some 95,000 shops, neighbor hood financial solution facilities and via electronic channels. The organization is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.