Many neobanks with similar accounts dont have monthly fees. Big retail network for cash deposits. Cards must be activated and personalized with the cardholders name. At The College Investor, we want to help you navigate your finances. Need to mail money to someone? Transfer money from linked debit card: When you make transfers from a linked debit card, GO2bank will charge a 3% fee not less than $2.00. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. When a purchase would result in a negative balance, the bank can cover up to that amount to let the transaction go through. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. Green Dot has serviced more than 33 million consumers directly over the last 22 years, and many millions more through our banking partners. See Deposit Account Agreement (PDF) for details. No minimum opening or ongoing balance required. In minutes from another debit card for a small fee** Fees and limits apply to debit card transfers. The mobile app has better than 4-star ratings in app stores, and it has perks like limited cash back when buying select gift cards and the ability to lock and unlock the debit card if it's lost or stolen. How many debit cards can I link to my GO2bank account? NerdWallets overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Mobile number verification, email address verification and mobile app are required to access all features. Copyright document.write( new Date().getFullYear() ); Santa Barbara Tax Products Group, all rights reserved. Partner terms and conditions apply. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Open an account Welcome to the GO2bank Help Center How can we help? Like the firms first banking enterprise, GoBank, GO2bank has a checking account with separate savings subaccounts called vaults. MasterCard and the MasterCard Brand Mark Up to $500 withdrawal limit per day. No standard alternative overdraft programs. Transfer money from a linked debit card to your GO2bank account** Fees and limits apply to debit card transfers. Help. Subject to your bank's restrictions and fees. Log in to your account at GO2bank.com or in the GO2bank app and select "Move money" Select "Debit card transfer" to link a debit card Follow the simple instructions to complete your transfer You'll see the money in your account in minutes* Fee: 3% of the amount transferred (min of $2.00) Free! Limits apply to bank transfers. Our partners compensate us. App Store is a service mark of Apple Inc. Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries. 24/7 GO2bank customer support. Save time with GO2bank A great way to receive your refund Loaded with benefits Great for tax time and all year long No monthly fees With eligible direct deposit, otherwise $5 per month. How much cash can I get from an ATM using my GO2bank secured credit card. Any investing information provided on this page is for educational purposes only. He is based in Berkeley, California. * When on a desktop, hover over * to view important disclosures. Our opinions are our own. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. These owners are not affiliated with GO2bank and have not sponsored or endorsed GO2bank products or services. GO2bank is Green Dot's flagship digital bank. Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. GO2bank lets you deposit cash at about 90,000 locations of big-brand retailers such as Walmart and CVS, for a fee of up to $4.95. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. All third-party names and logos are trademarks of their respective owners. You can link an external bank account to send funds to GO2bank for free, though transfers take three business days for delivery. See your Deposit Account Agreement for details. See GO2bank Deposit Account Agreement (PDF) and GO2bank Secured Credit Cardholder Agreement and Security Agreement (PDF) for fees, terms and conditions. GO2bank is a trademark of Green Dot Corporation. All the checks you write are recorded in your transaction history. No way to transfer money out of GO2bank. Overdraft fees can add up: $15 per instance, up to 10 per quarter. Not a gift card. Free ATM network of 42,000+. You can pick up a GO2bank Visa debit card at retailers such as Walmart and activate it online, or open an account directly on the banks website. Moving money in and out of online accounts, whether your own or to friends and family, is an expected feature at a bank, but GO2bank lacks this ability. There are up to a dozen types of fees a person can be charged by GO2bank, including a monthly fee and an opt-in overdraft programs fee. Fees and limits may vary or are subject to change. These transfers require a minimum balance of $25 and transfers of up to $10,000 can be sent. If you bring a bank account balance back to $0 or greater within 24 hours of an overdraft, theres no fee charged. SeeDeposit Account Agreement (PDF). These owners are not affiliated with GO2bank and have not sponsored or endorsed GO2bank products or services. A $15 fee may apply to each eligible purchase transaction that brings your account negative. Fees apply for approved Money in Minutes transactions funded to your account. You can receive direct deposits up to two days early (or four days early, in the case of government checks) compared with traditional banks. Personalized debit card required. See, You'll see the money in your account in minutes, Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. When on a mobile device, click on * to view disclosures. 4.50% Annual Percentage Yield (APY) as of January 2023. Yes. There are up to a dozen types of fees a person can be charged by GO2bank, including a monthly fee and an opt-in overdraft programs fee. Bank Transfer. Most services are online. Tap Set Up next to Savings and follow the onscreen instructions. They may lack traditional banking features, including in-person customer service and access to personal or cashiers checks (often required for large purchases, such as buying a home) or wire transfers. Stay away from this bank. Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. Prize: $1,000 to be awarded as credit or a check. Open the Wallet app on an iPhone. Only customers who receive direct deposits can opt in to overdraft coverage for $10 to $200, depending on their direct deposit amount. Upsides (with one caveat): GO2bank is a trademark of Green Dot Corporation. GO2bank is an all-digital bank, so there are no branches. Can I transfer money from my GO2bank account to another bank account? GO2bank is the ultimate mobile banking app and debit card, packed with features to help you better manage your money and build your credit. Ingo Money reserves the right to recover losses resulting from illegal or fraudulent use of the Ingo Money Service. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. This feature can be appealing as a digital version of savings buckets for different money goals. Customers can either have a check deposit thats free but takes 10 days to receive funds, or pay a fee of 1% to 5% of the check amount to receive funds within minutes. GO2banks main account charges a $5 monthly maintenance fee unless you receive at least one direct deposit per month. Ingo Money is a service provided by First Century Bank, N.A. Cards issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Transfer your funds to a U.S. bank account using the bank transfer feature. View Cards GO2bank Credit Card Reviews 5 30% 4 28% 3 22% 2 Previously authorized transactions and deposits/transfers to your account will function with a locked card. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee. If you bring a bank account balance back to $0 or greater within 24 hours of an overdraft, theres no fee charged. , GO2bank has a checking account with separate savings subaccounts called vaults. You can send or receive money with a neighbor or someone across the country. The mobile-focused banks biggest perks are the high savings rate (on up to $5,000) and the ability to deposit cash at certain retailers. GoBank online banking & checking account with direct deposit and bill pay. Cash deposits at over 90,000 locations of big-brand retail stores such as Walmart and CVS, service fee up to $4.95 may apply. Instant transfer: If instant transfers are available on your account, you can send funds to your linked, external bank account 24 hours a day, seven days a week, for a 1.5% fee per transfer. Transfer from another debit card to GO2bank. Your wireless carrier may charge a fee for data usage. You can pick up a GO2bank Visa debit card at retailers such as Walmart and activate it online, or open an account directly on the banks website. Is there a limit to how much I can transfer with a bank transfer? Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. There is a $15 overdraft fee on overdrafts over $5, however Go2Bank will waive the fees if you bring your account back to a positive balance within 24 hours of your first overdraft transaction. More fees than usual for a neobank. NO PURCHASE NECESSARY. Transfer money from a linked bank account to your GO2bank account** Activated, personalized debit card required to make a bank transfer. Welcome to the. Partner terms and conditions apply. Why cant I link a debit card to my GO2bank account? The stars represent ratings from poor (one star) to excellent (five stars). Monthly fee unless you have direct deposits. The bank also provides a. Funds Transfer. GO2bank is an all-digital bank, so there are no branches. See Deposit Account Agreement (PDF)for details. Transfer money from a linked debit card or bank account; Apply for a secured Visa credit card and build credit; . Can I transfer money from outside the U.S.? These owners are not affiliated with Green Dot Corporation and have not sponsored or endorsed Green Dot Bank products or services. GO2bank is Green Dot's flagship digital bank. Green Dots GO2bank provides mobile checking and a high savings rate, but it has a monthly fee that many similar accounts dont charge. Unlike many banks, theres no other overdraft program, such as linked transfers from a savings account or overdraft line of credit. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. GO2bank is a neobank by Green Dot, a financial technology company with the rare benefit of having a banking license to provide federal deposit insurance. NerdWallet's ratings are determined by our editorial team. Must be 18 or older to purchase. annual percentage yield, which by itself would be a competitive rate among online banks. Can I transfer money from outside the U.S.? All checks are subject to approval for funding in Ingo Money's sole discretion. Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. Can I transfer money from outside the U.S.? All rights reserved. All rights reserved. Limits apply. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. All financial products, shopping products and services are presented without warranty. When a purchase would result in a negative balance, the bank can cover up to that amount to let the transaction go through. Both will post as a separate transaction and debited from the same account the wire is drawn on. Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. All third-party names and logos are trademarks of their respective owners. Common pros: Neobank accounts often have low monthly fees and earn strong rates. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Neither GO2bank, Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money, Q2 Software, Plaid, or any eGift Card merchants. APY may change before or after you open an account. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Limits apply. MoneyPak is accepted by most Visa, Mastercard and Discover debit cards, plus 200+ prepaid debit card brands. You can spend up to $3,000 per day. Phone support is available at any hour, and the bank also has live chat on its website for signed-in customers. Pay IOUs or any bill that requires a check Online access, mobile number verification (via text message) and identity verification (including SSN) are required to open and use your account. GO2bank Help Center. However, there are other neobanks where accounts earn interest on higher savings balances, allow cash deposits and have no monthly fee. Features Establish a one-time or recurring transfer through Member Access, your local branch or our 24/7 Member Services at (888) 732-8562 Establish a one-time transfer through SECU's Mobile App or ASK SECU No overdraft fees for most types of transactions. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. GO2bank is a two-in-one spend and save account that comes with cashback rewards and earns 4.5% APY on up to $5,000 kept in your savings account. Neither Green Dot Corporation, Visa U.S.A. nor any of their respective affiliates are responsible for the products or services provided by Ingo Money and Plaid, Inc. 6 Activated, chip-enabled debit card required to use Ingo Money check cashing service. Best for: Digital banking customers who plan to deposit cash, receive direct deposits from an employer or as government benefits, and save up to $5,000 all without needing to transfer money out of the account. Go2Bank gives you access to up to $200 in overdraft protection 5 on debit card purchases, which can come in handy when you're a little short on cash. Transfer from another debit card to GO2bank. Active GO2bank account required to receive eGift Cards, eGift Card merchants subject to change, as well as the percentage of cash back from each merchant. Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. Neobanks such as Chime, Current and Varo have from one to six types of fees. Account must be in good standing and chip-enabled debit card activated to opt in. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. How do I link another bank account to my GO2bank account? Deposit cash nationwide. Way2Go card no longer able to make bank transfers Just wanted to put it out there since I hadn't seen it talked about yet, I noticed a couple days ago that the option to do a one-time transfer was unavailable on my Way2Go app. Write a review By Can't find your answer? Fees and limits may vary or are subject to change. To receive the funds, the recipient must be a GoBanker who has activated their personalized card. Account opened at a tax professional's office. No standard alternative overdraft programs. COMPARE: Best banks for avoiding overdrafts. Green Dot has serviced more than 33 million consumers directly over the last 22 years, and many millions more through our banking partners. For GO2bank accounts opened at a tax professional's office, is there a fee to pick up cash at Walmart. No overdraft fees for most types of transactions. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. A $3.00 fee will apply to any out of network withdrawal, plus any additional fees the ATM owner or bank may charge. Welcome to the. Samsung is a registered trademark of Samsung Electronics Co., Ltd. 2023 Green Dot Corporation. 2 reviews. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits. GO2bank is a trademark of Green Dot Corporation. Early direct deposits and gift card program. Must be a legal permanent resident of the 50 US or DC (excl VT, PR & US Territories and Possessions) & 18 or older to enter. This includes the ATM withdrawal limit of $500 per day. Ingo money 's sole discretion the same account the wire is drawn.! 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You open an account Welcome to the GO2bank help Center how can help... Fee to pick up cash at Walmart has serviced more than 33 consumers! Digital version of savings buckets for different money goals mastercard Brand Mark up to $ 0 or greater 24... Subaccounts called vaults a small fee * * activated, personalized debit card to your account negative 5! Shopping products and services are presented without warranty no monthly fee that similar.