Full-Featured bank checking account makes it much simpler for clients to Manage Everyday Finances
September 24, 2014 – Pasadena, Calif. – 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, providing a number of contemporary features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal stability costs or month-to-month charges with qualifying direct deposits. The item will likely be available nationwide because of the end of October.
“Many so-called checking that isвЂfree aren’t actually free since they have actually high overdraft charges. In reality, a independent research by Bretton Woods estimates that customers spend around $218 – $314 each year for a fundamental bank checking account,” stated 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 finances that are everyday. GoBank is wearing down the obstacles to banking that is traditional brings the many benefits of a FDIC-insured bank checking account that’s laden up with features to a sizable part of People in the us.”
GoBank, a checking that is full-featured, emerges as an element of 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 the racks means our clients could have exclusive use of very affordable, comprehensive and easy-to-use checking records in the market. GoBank provides our customers still another option as to just how they handle their cash. Whenever our clients have actually choices, they win.”
Green Dot thinks clients will discover the item especially compelling noting the following features and functions:
Minimal, 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 minimal balance needs or overdraft costs — not really NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 each month, the membership that is monthly of $8.95 is waived. GoBank additionally features an industry-leading system of 42,000 free ATMs.
Effortless Money Management: GoBank includes 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: starting a GoBank account may take in just minutes after buying a beginner kit for $2.95. After set-up, clients can straight away utilize their beginner debit MasterCard for purchases until their card that is personalized arrives 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 even more. Other costs consist of a 3 % transaction that is foreign 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 payroll that is early deposit so clients will get their paycheck deposited prior to when their normal payday if their manager notifies GoBank of a deposit beforehand.
Guidance on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” This really is a reply an individual might see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on a product 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.
- Cash Vault: the income Vault is a built-in bank-account, with deposits insured because of the FDIC, where clients can certainly place money away. In real-time, they could go cash in to the vault for safekeeping or from the vault become accessed due to their debit MasterCard.
About GoBankGoBank could be the bank that is award-winning offered at choose Walmart areas and designed to be properly used on your own cellular phone, without any overdraft or penalty costs ever. With GoBank, people have actually full access and control over their funds from participating Walmart places, along with their iPhone, ipod itouch or Andro .
GoBank is just a trademark and brand of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under any of these trade names are deposits with just one FDIC-insured bank, Green Dot Bank, as they are aggregated for deposit insurance plan. 2014 Green Dot Bank. All liberties 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 modern, reasonable and feature-rich financial loans and services, including prepaid cards, checking reports and money processing solutions distributed via a community of some 95,000 shops, community financial solution facilities and via electronic channels. The organization is headquartered in Pasadena, California with Green Dot Bank based in Provo, Utah.
