Full-Featured bank account helps it 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 nationw > GoBank , a bank 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, minimum stability charges or month-to-month charges with qualifying direct deposits. The merchandise will likely be available nationwide by the end of October.

“Many so-called ‘free’ checking reports aren’t actually free simply because they have actually high overdraft fees. In reality, a study that is independent Bretton Woods estimates that customers spend approximately $218 – $314 each year for a simple 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 effortless and affordable to handle your everyday finances. GoBank is wearing down the obstacles to banking that is traditional brings the many benefits of a FDIC-insured checking account that’s laden up with features to a sizable portion of People in the us.”

GoBank, a checking that is full-featured, exists included in Walmart’s checking alternatives category.

“Walmart customers want easier how to manage their everyday finances and increasingly feel they just aren’t getting value from old-fashioned 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 perhaps one of the most affordable, comprehensive and easy-to-use checking records in the market. GoBank provides our customers still another choice as to exactly how they handle their funds. Whenever our clients have actually choices, they win.”

Green Dot thinks clients will discover the item specially compelling noting the following features and functions:

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

Simple 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.

Expanded Access: Neither a ChexSystems rating nor credit bureau score is employed because the basis for determining client eligibility. Alternatively, GoBank makes use of underwriting that is proprietary to permit nearly every customer whom passes ID verification to start a merchant account.

Extra features and advantages of GoBank consist of:

Quick Account Set-Up: starting a GoBank account usually takes just moments after buying a beginner kit for $2.95. After set-up, clients can straight away utilize 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 just about any month with qualifying direct deposits totaling $500 or even more. Other charges add a 3 % 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 offers early payroll direct deposit so clients could possibly get their paycheck deposited prior to when their normal payday if their manager notifies GoBank of a deposit ahead of time.

Information on investing from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” That is an answer a person might see from GoBank’s “Fortune Teller,” if they make an effort to invest beyond their budget. “Fortune Teller” crosschecks the price tag on a product with a customer’s prepared earnings and expenses, and when they can’t manage it, they’ll be encouraged in real-time to pass through in the purchase.

• Money Vault: the cash Vault is a bank that is integrated, with deposits insured by the FDIC, where clients can certainly place cash away. In realtime, they are able to go cash in to the vault for safekeeping or from the vault become accessed along with their debit MasterCard.

About GoBankGoBank may be the bank that is award-winning offered by choose Walmart areas and designed to be utilized in your cell phone, without any overdraft or penalty costs ever. With GoBank, users have actually complete access and control over their funds from participating Walmart places, in addition to their iPhone, ipod itouch or Andro .

GoBank is really 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 bank that is FDIC-insured Green Dot Bank, and 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 contemporary, reasonable and feature-rich financial loans and solutions, including prepaid cards, checking reports and money processing solutions distributed by way of a community of some 95,000 shops, neighbor hood financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank positioned in Provo, Utah.