Green Dot and Walmart Launch GoBank Checking Accounts
Walmart, the America’s largest retailer, and Green Dot Corp. announced the rollout of GoBank, a checking account product available to almost anyone over 18 who passes an ID check. The accounts will be available nationwide by the end of October.
The checking account is designed to be a low-cost alternative to traditional bank checking accounts. GoBank will have no fees for overdrafts or bounced checks and no minimum account balance. There will be a bunch of modern features, which will help you to manage your everyday finances with ease, and a linked MasterCard debit card.
GoBank will cost $8.95 a month if monthly deposits will be less than $500. So, most people on Social Security or fixed pensions will be able to use this account for free. No other checking account is that affordable.
In addition to low costs, GoBank offers benefits of a FDIC-insured checking account that is loaded with features and functions. The most notable features are: instant person-to-person payment, pay-anyone bill pay, budgeting tools, integrated bank account, low and transparent fees, high availability, quick account set-up, and advices on spending.
GoBank, a full-featured checking account, is offered as part of Walmart’s checking alternatives category and will be available exclusively on the retailer’s shelves. To open a GoBank account you will need to go through an identification check, after that the account promised to be open in minutes.