GoBank, the full checking that is featured, emerges included in Walmart’s checking options category

Complete Featured bank checking 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) announced the nationw today. GoBank , an account that is checking available solely regarding the retailer’s shelves. The bank checking account, from Green Dot Bank, Member FDIC, is made for today’s “on the go” client, supplying a number of modern features and a connected MasterCard debit card. GoBank does not charge overdraft charges, minimal stability charges or month-to-month fees with qualifying direct deposits. October the product will be available nationwide by the end of.

“Many therefore called checking that is‘free aren’t actually free since they have actually high overdraft charges. In reality, a study that is independent Bretton Woods estimates that customers spend around $218 $314 each year for a simple bank checking account,” stated Steve Streit, founder 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 advantages of a FDIC insured bank checking account that’s laden up with features to a sizable section of People in the us.”

GoBank, a complete highlighted checking account, emerges as an element of Walmart’s checking alternatives 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 checking account to the racks means our customers has exclusive use of probably the most affordable, comprehensive and easy to utilize checking records in the market. GoBank gives our customers still another choice on how they handle their funds. Whenever our clients have actually choices, they win.” Green Dot thinks clients will discover this product particularly compelling noting the following features and functions:

Minimal, Fair and easy Fees: GoBank’s pricing causes it to be probably one of the most checking that is affordable in the banking industry. There aren’t any balance that is minimum or overdraft costs not really NSF charges on bad checks. Along with a qualifying direct deposit of simply $500 each month, cash store loans locations the month-to-month account price of $8.95 is waived. GoBank also features a business leading community of 42,000 free ATMs.

Simple Money Management: GoBank includes a variety of features that on the road, mobile centric consumers require, including immediate person to individual re payments, spend anyone bill pay, revolutionary cost management tools and much more. Expanded Access: Neither a ChexSystems rating nor credit bureau rating can be used because the foundation for determining client eligibility. Alternatively, GoBank makes use of proprietary underwriting practices allowing nearly every customer whom passes ID verification to start a merchant account. Extra features and advantages of GoBank consist of:

Fast Account put up: starting a GoBank account may take in just minutes after investing in a beginner kit for $2.95. After put up, clients can straight away make use of 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 expense is waived in almost any month with qualifying direct deposits totaling $500 or higher. Other costs come with a 3 % transaction that is foreign and away from network ATM charges (typically $2.50 for an away from community ATM plus any cost the ATM owner may evaluate). The overview that is full be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank now offers payroll that is early deposit so clients can get their paycheck deposited prior to when their normal payday if their boss notifies GoBank of a deposit ahead of time.

Guidance on Spending from “Fortune Teller” function: “Remember that time the lottery was won by you? We don’t either.” That is a reaction a person may see from GoBank’s “Fortune Teller,” if they you will need to invest beyond their budget. “Fortune Teller” crosschecks the price tag on a product having a customer’s planned income and costs, and it, they’ll be advised in real time to pass on the purchase if they can’t afford. Forward Money immediately: Customers can instantly deliver cash to one another at no cost via e-mail or text message. Cash Vault: the cash Vault is a built-in banking account, with deposits insured because of the FDIC, where clients can very quickly place cash away. In real-time, they could go money in to the vault for safekeeping or from the vault become accessed along with their debit MasterCard. About GoBankGoBank may be the award bank that is winning offered at choose Walmart areas and meant to be properly used in your cell phone, without any overdraft or penalty costs ever. With GoBank, people have actually full access and control of the cash from participating Walmart areas .GoBank is a brand name and trademark of Green Dot Bank, Member FDIC, that also operates beneath the brands Green Dot Bank and Bonneville Bank. Build up under some of these trade names are deposits with A fdic that is single insured, Green Dot Bank, and tend to be 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 show rich lending options and solutions, including prepaid cards, checking reports and money processing solutions distributed through a community of some 95,000 shops, community financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, Ca with Green Dot Bank positioned in Provo, Utah.