Green Dot’s GoBank Bank Account Launches Solely at Walmart

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Green Dot’s GoBank Bank Account Launches Solely at Walmart

Full-Featured bank checking account causes it to be better for clients to control Everyday Finances

September 24, 2014 – Pasadena, Calif. – 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 on 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 number of contemporary features and a linked 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 about $218 – $314 each year for a fundamental bank 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 control your finances that are everyday. GoBank is deteriorating the obstacles to banking that is traditional brings some great benefits of a FDIC-insured bank checking account that’s laden up with features to a big portion of People in america.”

GoBank, a checking that is full-featured, 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 as a result of high costs,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank checking account to the shelves means our clients may have exclusive usage of the most affordable, comprehensive and easy-to-use checking records on the market. GoBank provides our customers still another choice as to exactly how they manage their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will see the merchandise especially compelling noting the following features and functions:

Minimal, Fair and Simple Fees: GoBank’s pricing causes it to be probably the most checking that is affordable in the banking industry. There aren’t any minimal balance requirements or overdraft costs — not 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 has network that is industry-leading of free online payday OK 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: installing a GoBank account may take in just minutes after buying a beginner kit for $2.95. After set-up, clients can instantly make use of their beginner debit MasterCard for acquisitions until their card that is personalized arrives the mail.

Clear Fee Structure: GoBank’s $8.95 cost that is monthly waived in almost any month with qualifying direct deposits totaling $500 or higher. Other costs consist of a 3 per cent international transaction cost and out-of-network ATM charges (typically $2.50 for an out-of-network ATM plus any charge the ATM owner may evaluate). The overview that is full be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank also provides very early payroll direct deposit so clients will get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of the deposit beforehand.

Guidance on investing from “Fortune Teller” function: “Remember that time you won the lottery? I don’t either.” This really is a reaction an individual may see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on a product by having a customer’s prepared earnings and expenses, and when they can’t manage it, they’ll be encouraged in real-time to pass through regarding the purchase.

About GoBankGoBank may be the bank that is award-winning offered by choose Walmart areas and designed to be utilized on the mobile, without any overdraft or penalty charges ever. With GoBank, users have actually complete access and control of their funds from participating Walmart areas, along with their iPhone, ipod itouch or Android os unit, and will withdraw money from significantly more than 42,000 fee-free ATMs when you look at the U.S. individuals can subscribe to a GoBank account by buying a GoBank beginner kit at participating Walmart stores, and may handle their account on the cellular phone or computer. In March, GoBank had been known as a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

GoBank is really 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 tend to be aggregated for deposit insurance policy. 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 American families with contemporary, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking records and cash processing services distributed by way of a community of some 95,000 stores, community financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, California with Green Dot Bank situated in Provo, Utah.

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