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Gobank by Greendot - online banking with debit card

Gobank by Greendot - online banking with debit card

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Old Jan 10, 16, 11:37 am   -   Wikipost
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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!
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Old Mar 23, 13, 8:22 pm
  #46  
In Memoriam
 
Join Date: May 2001
Location: Southern California
Programs: Hertz 5 star, Priceline Hotel bidder. AA PLT, 1MM.
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I was reading the 3/21 Wall Street Journal under the legal section while waiting for my Doctor to see me.

I saw that the Secret Service seized alot of Green Dot cards (Southern Calif Central District Court) with about $4K+ on each card. It listed about 7-8 different cards.

Not sure why the cards were seized but I thought that was interesting. I wonder what scam those seizures were related to.

Best to have plenty of documentation available!!
chemist661 is offline  
Old Mar 24, 13, 2:21 am
  #47  
 
Join Date: Apr 2010
Location: LAX
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I can't find anything on wsj.com. Any links?
aegt123 is offline  
Old Apr 8, 13, 7:03 am
  #48  
jk2
 
Join Date: Dec 2010
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I have an account at GoBank and here is my findings:

1) you can deposit money using debit or credit card (latter works for Chase/Barclays who don't charge a cash advance). However, the limits are low - $1000/month or 5 deposits/month and $200 is max you can load at the time.

2) You can also use MoneyPaks to deposit and GoBank will even refund you a fee of $4.95 for MoneyPak once. Also Walmart sells MoneyPaks $20-$1000 with $4.64 fee, but only "debit" cards (with PIN...) are accepted (or cash).

This is a full checking account, so you can do all the things - bill payment, etc.
jk2 is offline  
Old Apr 8, 13, 10:32 am
  #49  
 
Join Date: Oct 2012
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Originally Posted by jk2 View Post
I have an account at GoBank and here is my findings:

1) you can deposit money using debit or credit card (latter works for Chase/Barclays who don't charge a cash advance). However, the limits are low - $1000/month or 5 deposits/month and $200 is max you can load at the time.
Wanted to add.. Load limit is on a rolling 30 and debit/credit card are only MasterCard and Visa
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Old Apr 8, 13, 11:37 am
  #50  
 
Join Date: Aug 2004
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Just keep in mind that GreenDot as a company is like Paypal. They have very low tolerance for abuse.
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Old Apr 8, 13, 12:53 pm
  #51  
 
Join Date: Apr 2010
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Originally Posted by jk2 View Post
I have an account at GoBank and here is my findings:
+1 for sharing

Originally Posted by vtqanh View Post
Just keep in mind that GreenDot as a company is like Paypal. They have very low tolerance for abuse.
I completely agree with you, but I don't see a disadvantage in working with Greendot while it still works.
aegt123 is offline  
Old Apr 8, 13, 5:48 pm
  #52  
 
Join Date: Feb 2013
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Originally Posted by jk2 View Post
I have an account at GoBank and here is my findings:

1) you can deposit money using debit or credit card (latter works for Chase/Barclays who don't charge a cash advance). However, the limits are low - $1000/month or 5 deposits/month and $200 is max you can load at the time.
.
I couldnt find anything on there site about fees for credit card deposits. Are there any?
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Old Apr 8, 13, 6:04 pm
  #53  
jk2
 
Join Date: Dec 2010
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Originally Posted by vinyalwhl View Post
I couldnt find anything on there site about fees for credit card deposits. Are there any?
no fees. deposits by CC/debit are free.
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Old Apr 10, 13, 6:49 am
  #54  
 
Join Date: Feb 2006
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Do you mean direct deposits using credit cards? After the $ 1000 limit is met, can we load using Moneypaks? Thanks.
Originally Posted by jk2 View Post
I have an account at GoBank and here is my findings:

1) you can deposit money using debit or credit card (latter works for Chase/Barclays who don't charge a cash advance). However, the limits are low - $1000/month or 5 deposits/month and $200 is max you can load at the time.

2) You can also use MoneyPaks to deposit and GoBank will even refund you a fee of $4.95 for MoneyPak once. Also Walmart sells MoneyPaks $20-$1000 with $4.64 fee, but only "debit" cards (with PIN...) are accepted (or cash).

This is a full checking account, so you can do all the things - bill payment, etc.
bensim is offline  
Old Apr 10, 13, 7:45 am
  #55  
 
Join Date: Oct 2012
Posts: 164
Originally Posted by bensim View Post
After the $ 1000 limit is met, can we load using Moneypaks?
Yes, I'm not sure what the limit is though. Someone with more experience can answer it. Possibly 4k like other competing products?
jm38750n is offline  
Old Apr 13, 13, 3:23 pm
  #56  
 
Join Date: May 2012
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Here's my blog post about Gobank, let me know if you have any questions.

http://freequentflyerbook.com/blog/2...p-to-the-plate
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Old Apr 13, 13, 8:51 pm
  #57  
 
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Originally Posted by aegt123 View Post
+1 for sharing



I completely agree with you, but I don't see a disadvantage in working with Greendot while it still works.
Remember if you have had Green Dot cards closed you are banned from any green dot bank products so even is somehow it briefly allows you to open an account they will probably catch you soon and back to the funds hold again. At least that is what I was told by green dot ymmv
Nottafatslob is offline  
Old Apr 13, 13, 9:12 pm
  #58  
 
Join Date: Dec 2003
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My experience has been different. I loaded too much money with in the first 2 weeks and GD shut me down. However I was able to right away get a different GD PP card and it has been fine so far (2 months). But I have been loading under 2K a month.



Originally Posted by Nottafatslob View Post
Remember if you have had Green Dot cards closed you are banned from any green dot bank products so even is somehow it briefly allows you to open an account they will probably catch you soon and back to the funds hold again. At least that is what I was told by green dot ymmv
rambo is offline  
Old Apr 13, 13, 9:50 pm
  #59  
 
Join Date: Apr 2010
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Originally Posted by sgideons View Post
Here's my blog post about Gobank, let me know if you have any questions.

http://freequentflyerbook.com/blog/2...p-to-the-plate
+1
aegt123 is offline  
Old Apr 16, 13, 4:55 pm
  #60  
 
Join Date: Mar 2013
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Originally Posted by sgideons View Post
Here's my blog post about Gobank, let me know if you have any questions.

http://freequentflyerbook.com/blog/2...p-to-the-plate

Nice post. Do you know what the monthly limit is from reloading via money paks or all sources in total? People seem to be guessing at 5k
debtinator is offline  

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