The GO2bank Card in a single glance
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Physical Locations |
No, |
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Getting started |
Online, there is no minimum for opening an account. However, there is a minimum of $20 to open an online account with a retailer |
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Monthly Service Fee |
You can waive the $5 fee if you have received at least one direct payment in the past month. |
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Overdraft fees |
Overdraft fees are $15 per transaction that exceeds $5 and overdraws the account by $10 or more. There is a limit of 10 charges per statement. |
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Other Fees |
Fees for card purchases, ATM transactions outside of the network, check cashing services, and external account funding transactions |
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How do I deposit |
Direct deposit, mobile check deposit or cash deposit at retailers are all forms of electronic transfer. |
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How to remove |
Debit card network, Visa Tellers and ATM networks |
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A Notable Feature |
Account holders have the option to access their paychecks and government benefits up to 4 days earlier. |
GO2bank may be a great option for those who do not have access to credit unions or banks.
You can either open a mobile bank account with GO2bank online, or purchase a starter card from a local retailer. With GO2bank you can access a checking and savings account using a debit card.
Five things you should know about the GO2bank Debit Card
Green Dot Bank launched GO2bank 2021 in order to reach those who do not have access to a conventional bank account. It is a digital bank with no physical branch.
Here are some details you should know about GO2bank.
1. Starter cards are available at local retailers
Open a GO2bank account online. If you want a temporary debit card, you can get one at local retailers like 7-Eleven or Dollar Tree.
You will be charged a fee up to $2.95 for the initial purchase of a debit card. At the time of the purchase, you must also load money into the account. Initial deposits are usually between $20 and $500.
2. Early access to your pay
Direct deposit allows you to access your pay up to two working days earlier as a GO2bank client. Direct deposit allows you to access your government benefits up to four working days earlier.
As an additional benefit, GO2bank will waive the $5 monthly fee if you receive direct deposit of your payroll or government benefits.
3. Overdraft protection is available to you
You can take advantage of the optional service for overdraft protection if you have a GO2bank account and you sign up for direct deposits. If you choose to use this service, GO2bank will allow you to make transactions up to a maximum amount of $200 that are over your account balance.
GO2bank charges a fee of $15 if you overdraw your bank account. This applies if your transaction exceeds $5, and your purchase overdraws the account by over $10.
4. Fees
You should be aware that there are some expensive fees before you open an account.
If you deposit a check via mobile to cash it, GO2bank will charge 1% of the amount approved for checks from payroll or government benefits. The fee for other checks such as personal checks is 5% of check amount with a $5 minimum.
Remember that most traditional banks and credit-unions do not charge any fees for mobile deposit or check cashing. This is why GO2bank charges a fee.
5. Transferring money from one bank to another is not possible
You can easily transfer money to another account online with most banks. You may, for example, want to transfer money regularly to a high yield savings account in order to earn higher interest.
This is not possible with GO2Bank. Although you can deposit your paychecks, pay bills and transfer money to another account using GO2Bank, you cannot transfer the money to an external checking account or savings account at another bank.
Does the GO2bank Card have a valid number?
GO2bank, a digital bank launched by Green Dot Corporation – a financial technology company and bank holding firm – is a digital banking service. The debit cards issued by GO2bank are compatible with all Visa card readers.
How can I add money to my GO2bank Card?
When you purchase a starter card from a local retailer, you can deposit money on your GO2bank card. Starter cards can be deposited from $20 up to $500.
You can deposit funds using GO2bank’s fund transfer service, mobile check deposit, direct deposits, and cash at participating retailers.
Are you unsure if GO2bank will work for you? Check out these alternatives.
- Citizens Bank EverValue : EverValue Checking Account has no minimum balance requirements and no overdraft charges.
- RoarMoney RoarMoney offers digital banking with a lower service fee and no minimum balance requirements.