Green Dot’s GoBank Bank Account Launches Solely at Walmart

Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank checking account makes it much simpler 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 checking account item|account that is checking available exclusively on the retailer’s shelves. The bank account, from Green Dot Bank, Member FDIC, is made 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 fees or month-to-month charges with qualifying direct deposits. This product would be available nationwide because of the end of October.

“Many so-called ‘free’ checking reports 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 fundamental bank checking account,” stated Steve Streit, creator and CEO of Green Dot Corporation and chairman of Green Dot Bank. “No other checking account makes it this easy and affordable to handle your everyday finances. GoBank is deteriorating the obstacles to banking that is traditional brings the advantages 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, exists as an element of Walmart’s checking options category.

“Walmart customers want easier techniques 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 probably one of the most affordable, comprehensive and easy-to-use checking reports in the market. GoBank offers our customers just one more choice as to just how they handle their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will see the item specially compelling noting the features that are following functions:

Low, Fair and easy Fees: GoBank’s rates causes it to be probably the most affordable checking records in the banking industry. There are not any balance that is minimum or overdraft costs — not NSF fees on Ohio payday loans laws bad checks. Along with a qualifying direct deposit of simply $500 each month, the month-to-month account price of $8.95 is waived. GoBank additionally has industry-leading community of 42,000 free ATMs.

Effortless 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.

Extra features and great things about GoBank consist of:

Fast Account Set-Up: creating a GoBank account may take just moments after investing in a beginner kit for $2.95. After set-up, customers can instantly use their beginner debit MasterCard for acquisitions until their individualized card comes in the mail.

Clear Fee Structure: GoBank’s $8.95 cost that is monthly waived in almost any month with qualifying direct deposits totaling $500 or higher. Other charges include a 3 % 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 overview that is full 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 boss notifies GoBank of the deposit beforehand.

Advice on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” That is a reaction a client might see from GoBank’s “Fortune Teller,” if they you will need 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 may be the award-winning bank-account offered by choose Walmart areas and built to be utilized in your cell phone, without any overdraft or penalty costs ever. With GoBank, users have actually complete access and control of their funds from participating Walmart areas, 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 purchasing a GoBank beginner kit at participating Walmart shops, and that can handle their account to their mobile or computer. In March, GoBank had been known as a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

GoBank is really a brand name 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 an individual bank that is FDIC-insured Green Dot Bank, as they 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 lending options and solutions, including prepaid cards, checking reports and cash processing services distributed via a community of some 95,000 stores, neighbor hood financial solution facilities and via electronic stations. The organization is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.

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