Best Of Product
GO2bank Checking
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Would you recommend GO2bank Checking to your friends?
| Community Rating | Strongly recommended |
| Cashback Rewards | Up to 7.0% |
| APY (Annual Percentage Yield) |
2.50% (Verified 10/21/2022)
|
| Monthly Fee | $0 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| Number of Reviews | 27 |
GO2bank Checking Review
GO2bank Checking is offered by Green Dot Bank, a bank founded in 1999 and based in Pasadena, CA. It is made possible by a bank partnership with Green Dot Bank, member FDIC. GO2bank Checking are available in 50 states (and Washington, DC).
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 2.50%, which is much higher than the average for a checking account.
- Monthly maintenance fee waiver. Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Otherwise $5 per month.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. GO2bank Checking does not charge fees on ATM transactions within its network but there is a fee of up to $3.00 for out-of-network ATM transactions.
- Bill pay. Pay your bills to practically anyone in the United States through Green Dot Bank.
GO2bank Checking Pros & Cons
| Pros | Cons |
|---|---|
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GO2bank Checking FAQ
Are GO2bank Checking deposits federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC) through Green Dot Bank, member FDIC. The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does GO2bank Checking offer?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 2.50% |
GO2bank Checking offers an APY of 2.50% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.
What are the account minimums for GO2bank Checking?
GO2bank Checking does not require a minimum initial deposit.
| Description | |
|---|---|
| Minimum Opening Deposit | $0 |
| Minimum Direct Deposit to Avoid Monthly Fee | Starting at $0.01 |
What fees does GO2bank Checking charge?
Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Otherwise $5 per month. Otherwise, there is a monthly service fee of $0.| Description | |
|---|---|
| Monthly Fee | $0 |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | $3.00 |
| Overdraft Item Fee | $15 |
| Overdraft Protection Fee (per transfer) | $15 |
| Check Cashing Fee | $5 |
Does GO2bank Checking charge overdraft fees?
Yes, GO2bank Checking charges a $15 fee for every overdraft. You can get overdraft protection at a cost of $15 per transaction.What features and perks does GO2bank Checking offer?
This account includes the following features:
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - GO2bank Checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
What is the customer support email for GO2bank Checking?
The customer support email for GO2bank Checking is info@greendot.com.
How do people rate the customer service and user experience of GO2bank Checking?
Overall, GO2bank Checking is strongly recommended based on community reviews that rate customer service and user experience.
GO2bank Checking Disclosure:
Monthly fee waived whenever you receive a payroll or government benefits direct deposit in the previous monthly statement period. Otherwise $5 per month.
Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. Fees on your primary deposit account may reduce earnings on your savings account. 2.50% Annual Percentage Yield (APY) as of October 2022. APY may change before or after you open an account. See Deposit Account Agreement (PDF) for terms and conditions. The average national savings account interest rate of 0.17% is determined by the FDIC as of 9/19/22. National rates are calculated based on a simple average of rates paid (uses annual percentage yield) by all insured depository institutions and branches for which data are available. Savings account rates are based on the $2,500 product tier of insured depository institutions for which data is available.
The GO2bank account comes with a Visa Debit card. If you open an account online, there is no fee or minimum balance requirement. If you open an account by getting a GO2bank debit card in a store, then there is a purchase fee and an initial deposit of $20 - $500 required.
Activated, chip-enabled debit card and opt-in required. $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transaction. Learn more about Overdraft Protection.
See app for free ATM locations. $3 for out-of-network withdrawals. ATM owner may also charge a fee. ATM limits apply.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message From GO2bank Checking
Contact
- Headquarters
-
3465 E Foothill Blvd
Pasadena, CA 91107 USA - Visit Site
- Email Support
Other Services by Green Dot Bank
Availability
Available in 50 states and Washington, D.C.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| Minimum Opening Deposit | $0 |
| Minimum Direct Deposit to Avoid Monthly Fee | Starting at $0.01 |
GO2bank Checking Community Reviews
Would you recommend GO2bank Checking to your friends?
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