Green Dot’s GoBank Bank 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) these days launched the nationwide rollout of GoBank , a bank checking account item|account that is checking available exclusively in the retailer’s racks. The bank checking account, from Green Dot Bank, associate FDIC, is made for these days’s “on-the-go” customer, supplying a number of contemporary functions as well as a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal stability costs or month-to-month charges with qualifying direct deposits. October the product will be available nationwide by the end of.

“Many so-called ‘free’ checking accounts aren’t actually no-cost because they have actually high overdraft charges. In reality, an study that is independent Bretton Woods estimates that customers spend around $218 – $314 each year for a fundamental bank checking account,” stated Steve Streit, president and CEO of Green Dot Corporation and president of Green Dot Bank. “No various various other checking account makes it this simple and inexpensive to handle your daily finances. GoBank is wearing down the obstacles to banking that is traditional brings the advantages of a FDIC-insured bank checking account that is laden up with functions to a big portion of People in the us.”

GoBank, a full-featured bank account, exists included in Walmart’s examining options group.

“Walmart consumers desire simpler methods to handle their particular daily finances and increasingly feel they only are not getting price from conventional financial as a result of large costs,” said Daniel Eckert, senior vice-president of solutions for Walmart U.S. “Adding the GoBank bank account to the racks suggests our clients may have unique use of perhaps one of the most inexpensive, comprehensive and user-friendly checking reports in the market. GoBank offers our customers just one more choice on how they manage their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks consumers will see the item especially powerful noting the following functions and functions:

Minimal, Fair and easy charges: GoBank’s rates causes it to be one of the more checking that is affordable in the financial business. There aren’t any minimal balance requirements or overdraft costs — not really NSF charges on bad inspections. In accordance with a qualifying direct deposit of simply $500 each month, the membership that is monthly of $8.95 is waived. GoBank additionally has network that is payday loans Staffordshire industry-leading of no-cost ATMs.

Simple Money Management: GoBank is sold with a variety of features that on-the-go, mobile-centric customers require, including immediate person-to-person payments, pay-anyone bill pay, revolutionary cost management tools and much more.

Extra functions and advantages of GoBank consist of:

Fast Account Set-Up: starting a GoBank account usually takes just moments after investing in a beginner system for $2.95. After setup, clients can instantly make use of their particular beginner debit MasterCard for expenditures until their particular card that is personalized arrives the post.

Clear Fee Structure: GoBank’s $8.95 month-to-month expense is waived in virtually any month with qualifying direct deposits totaling $500 or higher. Various various Other costs add a 3 per cent transaction that is foreign and out-of-network ATM costs (typically $2.50 for any out-of-network ATM plus any charge the ATM owner may examine). The overview that is full be located at GoBank /NoWorries.

Early Paycheck accessibility: GoBank also provides payroll that is early deposit so clients could possibly get their particular salary deposited prior to when their particular regular payday if their manager informs GoBank of the deposit ahead of time.

Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t often.” This really is a reaction a consumer might see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their particular spending plan. “Fortune Teller” crosschecks the price tag on a product through a buyer’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 amount of money Vault is an incorporated banking account, with deposits guaranteed because of the FDIC, where consumers can simply place cash away. In real-time, they could go cash in to the vault for safekeeping or from the vault is accessed making use of their debit MasterCard.

GoBank is just a trademark and brand of Green Dot Bank, associate FDIC, that also runs underneath the companies Green Dot Bank and Bonneville Bank. Build up under some of these trade brands tend to be deposits with just one bank that is FDIC-insured Green Dot Bank, and therefore are aggregated for deposit insurance plan. 2014 Green Dot Bank. All liberties set aside.

About Green Dot CorporationGreen Dot Corporation as well as its wholly owned subsidiary bank, Green Dot Bank, tend to be concentrated solely on providing minimal and Moderate Income United states households with modern-day, reasonable and feature-rich financial loans and services, including prepaid cards, examining records and money handling solutions distributed by way of a community of some 95,000 stores, area financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank positioned in Provo, Utah.