Green Dot Corporation has launched its GO2bank, a new mobile bank app designed to help the Americans living paycheck to paycheck.
GO2bank makes money access and management a safe, easy, useful part of everyday life with tools that help address common financial challenges and opportunities to improve long-term financial health, all in one easy-to-use mobile app.
Approximately 7.1 million U.S. households (5.4 percent) were unbanked in 2019, and nearly 12 percent were utilizing expensive methods like check cashiers, money orders, and bill pay services to access the cash they need.2 GO2bank is designed to help customers reduce these costs and build confidence and control in the way they manage their money with up to $200 overdraft protection, high-value rewards, high-interest savings, and opportunities to establish, build, and track credit, regardless of credit history.
GO2bank also features low or no monthly fees3, easy access to more than 90,000 retail distribution locations nationwide to deposit money quickly and conveniently, and the ability to get paid up to two days early (or up to four days early for government benefits).
Dan Henry, CEO of Green Dot Corp, said:
“Too many Americans struggle to access their money, are paying too much for financial products, and are negatively impacted by the lack of solutions designed to suit their needs, GO2bank is built to be the go-to destination for seamless, affordable, useful banking – combining the security, stability, and experience of an FDIC-insured bank with the innovation and agility of a leading fin-tech.”
