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Full-Featured bank account causes it to be better for Customers to control Everyday Finances

September 24, 2014 Pasadena that is. – Green Dot Corp. (NYSE: GDOT) and Walmart (NYSE: WMT) today announced the nationw > GoBank , a checking account item available solely regarding the retailer’s shelves. The bank 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, minimum stability charges or month-to-month charges with qualifying direct deposits. The merchandise will likely to be available nationwide by the end of October.

“Many so-called ‘free’ checking reports aren’t really 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 account,” stated 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 old-fashioned banking and brings some great benefits of a FDIC-insured bank checking account that’s laden up with features to a sizable section of People in america.”

GoBank, a full-featured bank checking account, emerges included in 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 conventional banking as a result of 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 may have exclusive use of one of the more affordable, comprehensive and easy-to-use checking records on the market. GoBank provides our customers still another choice on how they handle their cash. Whenever our clients have options, they win.”

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

Minimal, Fair and Simple Fees: GoBank’s rates causes it to be probably the most checking that is affordable in the banking industry. There are not any minimal balance needs or overdraft costs — not really NSF charges on bad checks. In accordance 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 system of 42,000 free ATMs.

Effortless Money Management: GoBank is sold with a variety 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 more.

Extra features and advantages of GoBank consist of:

Fast Account Set-Up: establishing a GoBank account may take 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 individualized card comes in the mail.

Clear Fee Structure: GoBank’s $8.95 month-to-month price is waived in just about any month with qualifying direct deposits totaling $500 or maybe more. Other costs come with a 3 % international transaction charge and out-of-network ATM costs (typically $2.50 for an out-of-network ATM plus any charge the ATM owner may evaluate). The complete overview can be located at GoBank.com/NoWorries.

Early Paycheck Availability: GoBank offers early payroll direct deposit so clients will get their paycheck deposited prior to when their normal payday if their manager notifies GoBank of a deposit ahead of time.

Advice on investing from “Fortune Teller” function: “Remember that time you won the lottery? We don’t either.” This can be an answer a person may see from GoBank’s “Fortune Teller,” if they attempt to invest beyond their spending plan. “Fortune Teller” crosschecks the price tag on something having a customer’s planned earnings and costs, and it, they’ll be advised in real-time to pass on the purchase if they can’t afford.

• Cash Vault: the funds Vault is a bank that is integrated, with deposits insured because of the FDIC, where clients can quickly place cash away. In real-time, they are able to go cash in to the vault for safekeeping or from the vault become accessed due to their debit MasterCard.

About GoBankGoBank may be the bank that is award-winning offered by choose Walmart areas and built to be properly used on the cellular phone, without any overdraft or penalty costs ever. With GoBank, people have actually complete access and control of their money from participating Walmart places, along with their iPhone, ipod itouch or Andro .

GoBank is really a trademark and brand of Green Dot Bank, Member FDIC, that also runs underneath the brands Green Dot Bank and Bonneville Bank. Build up under any of these trade names are deposits with just one FDIC-insured bank, Green Dot Bank, and are usually aggregated for deposit insurance policy. 2014 Green Dot Bank. All legal rights reserved.

About Green Dot CorporationGreen Dot Corporation as well as its wholly subsidiary bank that is owned

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 via a system of some 95,000 stores, neighbor hood financial solution facilities and via electronic networks. The organization is headquartered in Pasadena, California with Green Dot Bank situated in Provo, Utah.