Green Dot’s GoBank Bank Account Launches Exclusively at Walmart

Green Dot’s GoBank Bank Account Launches Exclusively 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 bank checking account item|account that is checking available exclusively regarding the retailer’s racks. The bank checking account, from Green Dot Bank, Member FDIC, is made for today’s “on-the-go” customer, supplying a number of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal balance 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 really free since they have actually high overdraft charges. In reality, a study that is independent Bretton Woods estimates that customers spend more or less $218 – $314 each year for a fundamental 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 handle your everyday finances. GoBank is wearing down the obstacles to conventional banking and brings the advantages of a FDIC-insured bank checking account that’s loaded with features to a sizable section of People in america.”

GoBank, a full-featured bank checking account, emerges included in 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 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 use of one of the more affordable, comprehensive and easy-to-use checking records on the market. GoBank gives our customers just one more choice as to exactly 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 rates causes it to be the most affordable checking reports in the banking industry. There are not any minimal balance needs or overdraft costs — not really NSF charges on bad checks. Along 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.

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 usually takes just moments after buying a beginner kit for $2.95. After set-up, clients can straight away use their beginner debit MasterCard for acquisitions until their individualized card comes in the mail.

Clear Fee Structure: GoBank’s $8.95 month-to-month expense is waived in almost any month with qualifying direct deposits totaling $500 or higher. Other charges add 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 cost the ATM owner may evaluate). The overview that is full be located at

Early Paycheck Availability: GoBank also provides payroll that is early deposit so customers could possibly get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of the deposit in advance.

Guidance on investing from “Fortune Teller” function: “Remember online payday loans Oklahoma that time the lottery was won by you? We don’t either.” It is a reaction a person may 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 by having 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 at choose Walmart areas and built 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 places, in addition to their iPhone, ipod itouch or Android os unit, and that can withdraw money from significantly more than 42,000 fee-free ATMs into 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 cell 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 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, and generally are aggregated for deposit insurance plan. 2014 Green Dot Bank. All liberties 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 contemporary, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking reports and money processing solutions distributed via a system of some 95,000 shops, neighborhood financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.

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