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Green Dot’s GoBank Bank Checking Account Launches Solely at Walmart

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 nationwide rollout of GoBank , a bank checking account item|account that is checking available exclusively regarding the retailer’s racks. 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 connected MasterCard debit card. GoBank does not charge overdraft charges, minimal balance costs or monthly charges with qualifying direct deposits. This product is likely to be available nationwide because of the end of October.

“Many so-called checking that is‘free aren’t actually free since they have actually high overdraft charges. In reality, a separate research by Bretton Woods estimates that customers spend around $218 – $314 each year for a fundamental bank checking account,” said 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 everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings the advantages of a FDIC-insured bank checking account that’s laden up with features to a sizable section of People in america.”

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 old-fashioned banking due to high charges,” said Daniel Eckert, senior vice president of solutions for Walmart U.S. “Adding the GoBank bank account to your racks means our customers could have exclusive use of probably one of the most affordable, comprehensive and easy-to-use checking records in the market. GoBank offers our customers just one more choice as to just how they handle their cash. Whenever our clients have actually choices, they win.”

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

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be probably the most affordable checking reports in the banking industry. There are not any balance that is minimum or overdraft costs — not really NSF charges on bad checks. And with a qualifying direct deposit of simply $500 each month, the month-to-month account price of $8.95 is waived. GoBank additionally has industry-leading community of 42,000 free ATMs.

Effortless Money Management: GoBank is sold with a selection 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 advantages of GoBank include:

Fast Account Set-Up: creating a GoBank account usually takes just moments after buying a beginner kit for $2.95. After set-up, clients can straight away 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 every month with qualifying direct deposits totaling $500 or maybe more. Other costs come with a 3 per cent transaction that is foreign and out-of-network ATM charges (typically $2.50 for an out-of-network ATM plus any cost the ATM owner may assess). The complete overview can be found at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank now offers payroll that is early deposit so clients could possibly get their paycheck deposited prior to when their normal payday if their have a peek at the link manager notifies GoBank of a deposit ahead of time.

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

About GoBankGoBank could be the bank that is award-winning offered by choose Walmart areas and designed to be properly used in your mobile, without any overdraft or penalty charges ever. With GoBank, people have complete access and control over their funds from participating Walmart places, in addition to their iPhone, ipod itouch or Android os unit, and will withdraw money from a lot more than 42,000 fee-free ATMs within the U.S. individuals can subscribe to a GoBank account by purchasing a GoBank beginner kit at participating Walmart shops, and certainly will handle their account on the cell phone or computer. In March, GoBank ended up being called a Gold Winner for 2013 PYMNTS Innovator Awards . To learn more about GoBank.

GoBank is just a brand name and trademark of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with just one FDIC-insured bank, Green Dot Bank, and are also aggregated for deposit insurance plan. 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 community of some 95,000 shops, neighbor hood financial solution facilities and via electronic stations. The business is headquartered in Pasadena, Ca with Green Dot Bank situated in Provo, Utah.