Jun 28, 2013, 3:20 pm
Last edit by: ChrisFlyer66
Moderator note: A new thread for 2016 is here: http://www.flyertalk.com/forum/manufactured-spending/1738030-gobank-greendot-online-banking-debit-card-2016-a.html
Do NOT let Rite-Aid scan the GoBank barcode. You will be charged, but your funds won't load. It is a PIA to get your funds back.
Want to stay active? Be sure to only load when your balance is at or close to 0. Continuing to load when you have funds in there seems to be a no no. Swipes are recommended, but there are folks active that don't swipe.
Lots of $200 loads can get you shutdown. GoBank does not like paying load fees on low denomination loads. Two $500 loads is better than five $200 loads.
Shut down reports:
Please list your load/spend/billpay details (in a single statement/lifetime?) e.g.,
type of load, number of loads, denomination of your gc or mp, amount of your billpay, any actual swipe/dd?
lad2 (closed) - May: $2.7K 9 loads 5DDs - June: $5.5K 5 loads 6DDs - July: $4.6K 6 loads 1DD - August $9.9K 19 loads 1DD - no swipes
TheDapperDon (open) June $4.5k 5 loads. All GCs. 1 swipe. Everything else BP to CC. 1500 most loaded in one day .July - $3489 5 loads. All GCs. Several swipes. No load until below $20 or so remaining.
raghu455 (closed) May $2k 4 loads, june $7k all GCs. All BP to CC.
drdrew450 (closed) 17K in loads, unloaded all through bill pay, less than a month
cuebert (closed) $4.5k in 9 MP loads, BP out. That was fast.
sgideons (closed) May $7k 17 loads, june $17k 27 loads, july $5k 6 loads, september $3.5k 4 loads. Unloaded 90% ACH pull, 5% PP to self, 5% bill pay tool. Closed on September statement date.
MDWCommuter (closed): June only, $8k in 60 loads, all GC. $2k is most loaded in one day. Wrote 2 BP to CC checks, no ATM, no MP loads, no ACH pull, no DD, always carried at least a $1k balance
ArtemK (closed): 1st month - 5/21 - 6/21 - loaded $6,700, 6/21 - 6/30 - $4K loaded, all via GCs. Unloaded all via BP to Citi and Chase. No ATM, no MP loads, no ACH pull, no DD, no swipes.
rdover1 (Closed): 1st month - $23.6k loaded (WM GC), ~$1k spend, rest bill pay (mostly to CC)
rdover1 2nd card (closed): Closed mid cycle, survived 1st month. No bill pay, only MO. Never loaded over ~$4k. Total activity ~$12k.
T3pleShot (closed): 7k in loads at WMT, 10 loads, mostly $500, some $200, $4k billpay to CC, 5 swipes totaling about $25.
ctbarron (open): Month1 - $3.8k loaded, all bill pay out, 1 swipe; Month2 - $3.7k loaded, all bill pay out, few swipes and an ATM WD; Month3 - $4.2k loaded, all bill pay out, few swipes and an ATM WD. Zero membership fee, usually a balance of under $150.
americanindian (closed)- closed after 3 months today. had about 7.5k deposit each month, with lots of small value(<$20) purchases each month. liquidated mostly using bill pay.
rodsren (closed)- the dapperdon warned me. I was closed today after less than 5,500 or loaaing in less than 3 weeks (was going to try to keep it to 7,500 - 10,000 but didn't luck out.)
binnycode (closed, re-opened) - 7x $200 loads + 1x $700 load + 3x $500 over 2 days got me shut down. Called CSR and they re-opened my account, letting me know that "direct deposit would reduce my number of trips to walmart" lol!
Do NOT let Rite-Aid scan the GoBank barcode. You will be charged, but your funds won't load. It is a PIA to get your funds back.
Want to stay active? Be sure to only load when your balance is at or close to 0. Continuing to load when you have funds in there seems to be a no no. Swipes are recommended, but there are folks active that don't swipe.
Lots of $200 loads can get you shutdown. GoBank does not like paying load fees on low denomination loads. Two $500 loads is better than five $200 loads.
Shut down reports:
Please list your load/spend/billpay details (in a single statement/lifetime?) e.g.,
type of load, number of loads, denomination of your gc or mp, amount of your billpay, any actual swipe/dd?
lad2 (closed) - May: $2.7K 9 loads 5DDs - June: $5.5K 5 loads 6DDs - July: $4.6K 6 loads 1DD - August $9.9K 19 loads 1DD - no swipes
TheDapperDon (open) June $4.5k 5 loads. All GCs. 1 swipe. Everything else BP to CC. 1500 most loaded in one day .July - $3489 5 loads. All GCs. Several swipes. No load until below $20 or so remaining.
raghu455 (closed) May $2k 4 loads, june $7k all GCs. All BP to CC.
drdrew450 (closed) 17K in loads, unloaded all through bill pay, less than a month
cuebert (closed) $4.5k in 9 MP loads, BP out. That was fast.
sgideons (closed) May $7k 17 loads, june $17k 27 loads, july $5k 6 loads, september $3.5k 4 loads. Unloaded 90% ACH pull, 5% PP to self, 5% bill pay tool. Closed on September statement date.
MDWCommuter (closed): June only, $8k in 60 loads, all GC. $2k is most loaded in one day. Wrote 2 BP to CC checks, no ATM, no MP loads, no ACH pull, no DD, always carried at least a $1k balance
ArtemK (closed): 1st month - 5/21 - 6/21 - loaded $6,700, 6/21 - 6/30 - $4K loaded, all via GCs. Unloaded all via BP to Citi and Chase. No ATM, no MP loads, no ACH pull, no DD, no swipes.
rdover1 (Closed): 1st month - $23.6k loaded (WM GC), ~$1k spend, rest bill pay (mostly to CC)
rdover1 2nd card (closed): Closed mid cycle, survived 1st month. No bill pay, only MO. Never loaded over ~$4k. Total activity ~$12k.
T3pleShot (closed): 7k in loads at WMT, 10 loads, mostly $500, some $200, $4k billpay to CC, 5 swipes totaling about $25.
ctbarron (open): Month1 - $3.8k loaded, all bill pay out, 1 swipe; Month2 - $3.7k loaded, all bill pay out, few swipes and an ATM WD; Month3 - $4.2k loaded, all bill pay out, few swipes and an ATM WD. Zero membership fee, usually a balance of under $150.
americanindian (closed)- closed after 3 months today. had about 7.5k deposit each month, with lots of small value(<$20) purchases each month. liquidated mostly using bill pay.
rodsren (closed)- the dapperdon warned me. I was closed today after less than 5,500 or loaaing in less than 3 weeks (was going to try to keep it to 7,500 - 10,000 but didn't luck out.)
binnycode (closed, re-opened) - 7x $200 loads + 1x $700 load + 3x $500 over 2 days got me shut down. Called CSR and they re-opened my account, letting me know that "direct deposit would reduce my number of trips to walmart" lol!
Gobank by Greendot - online banking with debit card
Sep 23, 2014, 8:30 pm
#1951
Join Date: Sep 2014
Posts: 36
Wal-Mart to offer Checking Accounts in October with Greendot
http://www.nytimes.com/2014/09/24/bu...unts.html?_r=0
Looks like a amazing opportunity to MS if we can load them properly.
Looks like a amazing opportunity to MS if we can load them properly.
Sep 23, 2014, 8:50 pm
#1952
Join Date: Jun 2014
Posts: 319
how exactly do you plan on MSing on this?
Also this puts me off "Green Dot accounts with direct deposits of less than $500 a month will cost $8.95 a month."
Also this puts me off "Green Dot accounts with direct deposits of less than $500 a month will cost $8.95 a month."
Sep 23, 2014, 9:28 pm
#1953
Join Date: Sep 2013
Location: PHL suburbs
Posts: 216
Originally Posted by New York Times
GoBank, as the service is known...
Sep 23, 2014, 11:10 pm
#1954
Join Date: Nov 2010
Posts: 580
This actually worries me, more than anything else. Does this mean that Wal-Mart may be moving away from Bluebird? Would this impact the ability to purchase regular money orders at Wal-Mart? Or would it (hopefully) just be an additional service, the way they also offer bill-pay?
Sep 24, 2014, 6:16 am
#1955
Join Date: Dec 2004
Posts: 7,904
Wasn't there another article about GreenDot planning to eliminate their reload cards and offering a direct reload at registers (to eliminate fraud, they're eliminating a product)? That's probably what this is. I don't see why WM wouldn't continue to offer BlueBird.
Sep 24, 2014, 8:44 am
#1957
Join Date: Jan 2013
Programs: Total Rewards Diamond, Delta Gold, Starwood Gold, Mosaic
Posts: 235
Too early to say whether this is good or bad as an MS tool. Let's not jump the gun people.
Sep 24, 2014, 9:13 am
#1958
Join Date: Sep 2011
Location: MLB
Programs: DL DM/2.9M, AA EXP, *A Gold
Posts: 245
Nothing really new here. GoBank has been in the market for almost 18 months. Walmart has been a part-owner of Green Dot since 2010, which predates their JV with AMEX for the Bluebird product by 2 years. I highly doubt one of these products will preclude the other from being offered. And unless Walmart forces Green Dot to take a back seat in managing the GoBank product, it will continue to be a nearly-useless product offering for most of us.
Sep 24, 2014, 9:48 am
#1959
Join Date: May 2013
Programs: DL PLT, AS 75k, AA Exec Plat
Posts: 391
Nothing really new here. GoBank has been in the market for almost 18 months. Walmart has been a part-owner of Green Dot since 2010, which predates their JV with AMEX for the Bluebird product by 2 years. I highly doubt one of these products will preclude the other from being offered. And unless Walmart forces Green Dot to take a back seat in managing the GoBank product, it will continue to be a nearly-useless product offering for most of us.
Sep 24, 2014, 10:13 am
#1960
Join Date: Feb 2014
Location: PHL
Posts: 930
I can already see it happening: "Hi. I would like to get two $1,000 MOs split into four $500 payments. Also, I would like to immediately deposit those MOs into my checking account."
Sep 24, 2014, 10:18 am
#1961
Join Date: May 2011
Programs: US Airways Gold, Marriott Platinum, SW A List
Posts: 1,575
Considering it's effectively another Serve/BlueBird minus the online debit card/credit card loads, it doubles your MS capacity as long as you stick to $500 GCs and leave $200 GC loading to Serve/BB if you use $200 GCs at all. I wouldn't entirely call that useless...
Sep 24, 2014, 10:27 am
#1962
Join Date: May 2013
Programs: DL PLT, AS 75k, AA Exec Plat
Posts: 391
If you bothered to read the article we're discussing, the article says it's GoBank, which has been around for nearly a year and a half and there's a long, long thread in this very forum about it. There's no assumption going on here whatsoever. We know pretty well how it can be loaded, and have decent assumptions on ways to avoid being shutdown.
Sep 24, 2014, 10:42 am
#1964
Join Date: Feb 2013
Location: Ground Zero
Posts: 69
Walmart? Boo
Green Dot? Boooooooooos
Green Dot? Boooooooooos
Sep 24, 2014, 10:52 am
#1965
Join Date: Jun 2014
Posts: 290
Hm yes this is a little worrisome. Why would Walmart introduce another product that competes directly with Bluebird? This could mean the checking-like features of Bluebird will go away.