Green Dot Launches Ultimate Mobile Banking For Americans Living Paycheck to Paycheck


PASADENA, Calif .– () – Green Dot Corporation (NYSE: GDOT) today announced the launch of GO2bank, a new mobile bank designed to help the two in three Americans living on paychecks stretch their money further and build a stronger financial foundation.1 GO2bank makes accessing and managing money a safe, easy and useful part of everyday life with tools that help address common financial challenges and opportunities to improve long-term financial health, all in one easy to use mobile app.

“Too many Americans struggle to access their money, pay too much for financial products and are negatively impacted by a lack of solutions designed to meet their needs,” said Dan Henry, CEO of Green Dot Corp. “GO2bank is designed to be the premier destination for transparent, affordable and useful banking services – combining the security, stability and experience of an FDIC-insured bank with the innovation and agility of leading financial technology. ”

About 7.1 million U.S. households (5.4%) were unbanked in 2019, and nearly 12% used expensive methods such as check tellers, money orders, and bill payment services to access the money they needed.2 GO2bank is designed to help customers lower these costs and build confidence and control in how they manage their money with overdraft protection of up to $ 200, great value rewards, high interest savings and opportunities to establish, create and track credit, regardless of credit history. GO2bank also offers low or no monthly fees3, easy access to over 90,000 retail outlets nationwide to deposit money quickly and easily4and the possibility of being paid up to two days in advance (or up to four days in advance for government benefits).

With GO2bank, customers have access to industry leader value and features, including:

  • Protection against overdrafts: Up to $ 200 of overdraft protection to help you save time to pay.5
  • Get paid early: Access payment up to two days in advance or government benefits up to four days in advance.6
  • Great value rewards: Up to 7% in-app cash back rewards at a variety of popular retailers.7
  • High interest savings: GO2bank offers a savings rate 10 times higher than the national average.8
  • Access to credit: GO2bank’s secure credit card is available with no credit checks or annual fees, so customers can build and accumulate credit regardless of their credit history.9
  • Security and peace of mind: Beyond the safety and security that comes with being a chartered and FDIC-insured bank, GO2bank’s mobile app offers one-click lock / unlock, SMS alerts, and more.ten

“The year 2020 has illuminated and accelerated the demand for better digital banking and payment options,” said Henry. “With GO2bank, Americans now have access to safe, transparent and affordable banking services, as well as tools to build a stronger financial foundation, all on a simple and intuitive platform that will grow and evolve with our customers. over time.”

Green Dot has a 20-year history serving more than 33 million customers through its retail and direct-to-consumer products, and many more through Bank-as-a-Service partnerships with well-respected brands like Apple, Walmart, Intuit, Uber, Amazon, and more.

A new, multi-faceted national advertising campaign features GO2bank through two unique TV spots, a new website, digital advertising, social media, direct mail, and more.

To download the app, visit the Apple App Store or the Google Android App Store, or for more information, visit:

About Us

GO2bank is insured by the FDIC, your money is therefore protected up to the maximum authorized limit. And GO2bank is a brand of Green Dot Corporation, founded in 1999 and based in Pasadena, California. Green Dot has served over 33 million consumers directly over the past 20 years and many more through our banking partners.

Green dot (NYSE: GDOT) is a registered financial technology and banking holding company focused on making modern banking and money movement accessible to everyone. Our proprietary technology enables faster and more efficient electronic payments and money management, giving people intuitive and transparent ways to spend, send, control and save their money. Through our retail and direct banking, we offer a range of financial products to consumers and businesses, including debit, prepaid, check, credit and payroll cards, as well as money order processing services. robust money, tax refunds, cash deposits and disbursements.



Getting Paid in America Survey (2020, September 21).


How America Banks: Household Use of Banking and Financial Services (2020, October 19)


The monthly fee is waived whenever you receive a direct deposit to payroll or government benefits during the previous monthly statement cycle. Otherwise $ 5 per month.


Retail service charges and limits apply. See Deposit Account Agreement (PDF) for more details.


A fee of $ 15 may apply to each qualifying purchase transaction that results in your account negative. Registration required. The balance must be reduced to at least $ 0 within 24 hours of authorizing the first overdraft transaction on your account to avoid charges. We require immediate payment of each overdraft and overdraft fee. Overdrafts are paid at our discretion and we do not guarantee that we will authorize and pay for any transaction. Learn more about Overdraft Protection (PDF).


The anticipated availability of direct deposit depends on the timing of the payer’s payment instructions and fraud prevention restrictions may apply. Therefore, the availability or timing of early direct deposit may vary from pay period to pay period. The name and social security number registered with your employer or benefit provider must match your GO2bank account exactly, otherwise we will refuse your deposit.


Active GO2bank account required to receive an eGift Card. Electronic gift card merchants are subject to change. See Deposit Account Agreement (PDF) for more details.


Interest paid quarterly on the average daily savings balance during the quarter up to a balance of $ 5,000 and if the account is in good standing. Annual Percentage Return of 1% (APY) as of January 2021. The annual rate of return may change before or after opening an account. See Deposit Account Agreement (PDF) for terms and conditions. The average national savings account interest rate of 0.05% is determined by the FDIC as of 10/23/20. National rates are calculated on the basis of a simple average of the rates paid (uses the annual percentage return) by all depository institutions and insured branches for which data is available. Savings account rates are based on the $ 2,500 product level of insured depositories for which data is available. Visit to learn more.


Available only to existing GO2bank account holders with direct deposits totaling at least $ 100 in the last 30 days. Eligibility criteria apply. Other fees apply.


Funds are protected against unauthorized transactions on successfully activated cards. Prompt notice is required. Previously authorized transactions and deposits / transfers to your account will work with a locked card. FDIC insurance does not apply to unauthorized transactions.


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