Green Dot’s GoBank Bank Account Launches Solely at Walmart

Product Information

Full-Featured bank 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 > that is nationw , a bank checking account item available solely in the retailer’s shelves. The bank checking account, from Green Dot Bank, Member FDIC, is made for today’s «on-the-go» customer, supplying a bunch of contemporary features and a linked MasterCard debit card. GoBank does not charge overdraft charges, minimal stability charges or month-to-month charges with qualifying direct deposits. The item is going to be available nationwide by the end of October.

“Many so-called ‘free’ checking reports aren’t actually free since 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 simple checking account,” said Steve Streit, founder and CEO of Green Dot Corporation and president of Green Dot Bank. “No other checking account makes it this effortless 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 loaded with features to a big part of People in the us.”

GoBank, a full-featured bank checking account, emerges included in Walmart’s checking options category.

“Walmart customers want easier methods 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 your racks means our clients could have exclusive usage of one of the more affordable, comprehensive and easy-to-use checking records in the market. GoBank offers our customers still another choice on 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:

Minimal, Fair and easy Fees: GoBank’s rates causes it to be probably one of the most checking that is affordable 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 month-to-month account expense of $8.95 is waived. GoBank additionally has network that is industry-leading of 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.

Extra features and great things about GoBank consist of:

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

Clear Fee Structure: GoBank’s $8.95 month-to-month price is waived in every month with qualifying direct deposits totaling $500 or higher. Other charges come with a 3 per cent foreign 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 complete overview can be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank now offers very early payroll direct deposit so customers could possibly get their paycheck deposited prior to when their normal payday if their company notifies GoBank of the deposit ahead of time.

Guidance on Spending from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This will be 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.

• Cash Vault: the cash Vault is a built-in banking account, with deposits insured by the FDIC, where customers can certainly place money away. In real-time, they could go cash in to the vault for safekeeping or from the vault become accessed making use of their debit MasterCard.

About GoBankGoBank may be the bank that is award-winning offered at choose Walmart areas and designed to be applied in your cell phone, without any overdraft or penalty costs 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 Andro .

GoBank is just a trademark and brand of Green Dot Bank, Member FDIC, that also operates underneath 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 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 records and money processing solutions distributed by way of a system of some 95,000 retail stores, community service that is financial and via electronic stations. The business is headquartered in Pasadena, California with Green Dot Bank based in Provo, Utah.