Is Green Dot Bank a real bank?

Asked by: Easter Mills  |  Last update: February 9, 2022
Score: 4.3/5 (40 votes)

Green Dot Bank is an online bank that offers competitive rates through its high-yield savings account and unlimited cash-back rewards via its spending account. In business since 1999, Green Dot is part of the Green Dot Corporation. Customer Service Phone: 866-795-7597.

Is Green Dot a legitimate bank?

Green Dot MoneyPak cards themselves are legitimate products when used for the right purposes. Once purchased at a participating retailer with cash, consumers can use MoneyPaks to reload other prepaid cards, add money to a PayPal account without using a bank account, or make same-day payments to major companies.

What bank is associated with green dot?

Green Dot is proud to partner with Bonneville Bank and the U.S. Treasury to help more Americans enter the financial mainstream with their own prepaid debit card account and avoid the cost and the time involved in otherwise waiting for and cashing a tax refund check," said Steve Streit, Chairman and CEO, Green Dot ...

Is Green Dot a third party bank?

“Green Dot” means Green Dot Corporation, the third party that administers the Card program. Green Dot provides certain support and marketing services for the Card. the Bank on the basis of your acceptance of the following arbitration clause.

Where is Greendot Bank located?

The Company is headquartered in Pasadena, California with Green Dot Bank located in Provo, Utah .

Why Green Dot mobile bank is a SCAM

34 related questions found

Is Green Dot a checking or savings account?

Green Dot Bank is an online bank offering an unlimited cash back bank account and high-yield savings account. Green Dot Bank is held by Green Dot Corporation, which also owns Bonneville Bank and GoBank. Green Dot has been around since 1999, with its first prepaid debit card coming on the market in 2001.

Is Green Dot Bank the same as Bonneville Bank?

The bank's official name will change to Green Dot Bank, but the bank will continue to do business and serve its loyal customer base under the name Bonneville Bank at its current Provo, Utah location.

Is Green Dot closing?

Green Dot has announced that it's closing all GoBank accounts and, separately, launching a new product called GO2bank. ... As a valued customer, we'd like to inform you that your current GoBank account program is ending October 31, 2021.

Does Walmart own Green Dot?

Walmart, which owns some special class shares in Green Dot, is Green Dot's largest retail distributor. Besides MoneyCard, which goes back to 2006, this includes Green-Dot-branded prepaid cards and its own GO2Bank digital banking product.

Is chime a real bank or prepaid card?

Is Chime a Prepaid Card? No, Chime is not a prepaid card. When you open an account online through Chime, you get a Spending Account, a Visa debit card, and an optional Savings Account. Chime's debit card is linked to your bank account and a prepaid card is not.

What bank is go bank?

GoBank is a registered trademark of Green Dot Corporation NMLS ID 914924. GoBank also operates under the following registered trade names: Green Dot Bank, GO2bank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank.

How much money can you deposit on a Green Dot card?

The maximum daily cash reload limit is $3,000, but maximum in-store reload limits also apply, and you may not load cash to your Card at any time the funds balance on your Card exceeds $3,000.

Why is Green Dot closing my account?

What if Green Dot Closes My Account? Green Dot may close your account automatically if your balance is zero or lower. If they terminate your account with or without any reason, and you still have money on it, the company will send you a check for your account balance.

How do I transfer money from my Green Dot card to my bank account?

How to transfer money from Green Dot Card to a bank account
  1. Log into your Green Dot card account online.
  2. Navigate to Add money or transfer money.
  3. Select transfer money.
  4. Add the bank details where you want to send the money.
  5. Follow the other instructions.

How do I close my Green Dot bank account?

Log into your account using the Green Dot app and select Settings, Manage Card, Close your Account. Or log into your account at GreenDot.com and select Security, Close your Account to see your options.

Does Green Dot Bank use Zelle?

You can use Zelle with various banks in the US. However, Zelle does not support the Green Dot online account or the Green Dot debit cards.

Is go bank a real bank?

GoBank offers banking services, but it's technically a brand of Green Dot Bank. Similar to GO2bank , GoBank's deposits are insured by the FDIC through Green Dot.

Is Go bank legit?

Overall bank rating

The bottom line: GO2bank is a neobank by Green Dot, a financial technology company with the rare benefit of having its own banking license to provide federal deposit insurance. Like Green Dot's first neobank, GoBank, GO2bank has a checking account with separate savings subaccounts called vaults.

What bank is GO2bank through?

GO2bank is Green Dot's flagship digital bank. Green Dot has serviced more than 33 million consumers directly over the last 21 years, and many millions more through our banking partners.

Is Chime a debit or credit card?

The Chime Credit Builder card is a secured credit card. It works just like a regular credit card in that you can use it to buy gas, groceries or household goods. There's no annual interest, no fees and no credit check.

Will I get my stimulus check on my Green Dot card?

Your check will arrive as scheduled, by mail. Alternatively, if you got your tax refund on a Green Dot card, your stimulus will automatically be deposited there.