September 24, 2014 вЂ“ Pasadena, Calif. вЂ“ Green Dot Corp. (NYSE: online payday loans Oregon GDOT) and Walmart (NYSE: WMT) today announced the nationwide rollout of GoBank , a bank account item|account that is checking available exclusively in the retailerвЂ™s racks. The bank account, from Green Dot Bank, Member FDIC, is made for today’s “on-the-go” customer, providing a number of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft fees, minimal stability costs or monthly 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 since they have actually high overdraft charges. In reality, a separate research by Bretton Woods estimates that customers pay around $218 – $314 each year for a fundamental bank account,вЂќ stated Steve Streit, creator and CEO of Green Dot Corporation and president of Green Dot Bank. вЂњNo other checking account makes it this effortless and affordable to handle your everyday finances. GoBank is wearing down the obstacles to old-fashioned banking and brings the many benefits of a FDIC-insured bank checking account thatвЂ™s laden up with features to a big section of People in the us.вЂќ
вЂњWalmart customers want easier techniques to manage their everyday finances and increasingly feel they just arenвЂ™t getting value from old-fashioned 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 may have exclusive usage of probably the most affordable, comprehensive and easy-to-use checking reports in the market. GoBank provides our customers just one more choice as to exactly how they handle their funds. Whenever our clients have actually choices, they win.вЂќ
Green Dot thinks clients will discover this product especially compelling noting the features that are following functions:
Minimal, Fair and Simple Fees: GoBankвЂ™s rates causes it to be perhaps one of the most affordable checking records in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF fees on bad checks. In accordance with a qualifying direct deposit of simply $500 each month, the membership that is monthly of $8.95 is waived. GoBank also 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, innovative cost management tools and much more.
Fast Account Set-Up: creating a GoBank account usually takes just moments after purchasing a beginner kit for $2.95. After set-up, clients can instantly utilize their beginner debit MasterCard for acquisitions until their individualized card arrives in the mail.
Clear Fee Structure: GoBankвЂ™s $8.95 month-to-month expense is waived in virtually any month with qualifying direct deposits totaling $500 or higher. Other charges add a 3 % transaction that is foreign and out-of-network ATM costs (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 GoBank.com/NoWorries.
Early Paycheck Availability: GoBank offers very early payroll direct deposit so clients will get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of a deposit ahead of time.
Information on investing from вЂњFortune TellerвЂќ function: вЂњRemember that time you won the lottery? We donвЂ™t either.вЂќ This really is an answer a client may see from GoBankвЂ™s вЂњFortune Teller,вЂќ if they attempt to invest beyond their spending plan. вЂњFortune TellerвЂќ crosschecks the price tag on a product with a customerвЂ™s planned earnings and expenses, and it, theyвЂ™ll be advised in real-time to pass on the purchase if they canвЂ™t afford.
About GoBankGoBank may be the bank that is award-winning offered at choose Walmart locations and designed to be applied in your cellular phone, without any overdraft or penalty costs ever. With GoBank, users have actually complete access and control of their cash from participating Walmart areas, in addition to their iPhone, iPod Touch or Android os unit, and will withdraw money from significantly more than 42,000 fee-free ATMs into the U.S. individuals can subscribe to a GoBank account by purchasing a GoBank beginner kit at participating Walmart shops, and will handle their account to their mobile or computer. In March, GoBank had been called a Gold Winner for 2013 PYMNTS Innovator Awards . To find out more about GoBank.
GoBank is just a brand name and trademark of Green Dot Bank, Member FDIC, that also runs under 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 therefore 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 solutions, including prepaid cards, checking records 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.