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
Jun 27, 2013, 1:25 pm
#736
Join Date: Feb 2007
Location: Kansas City, MO
Programs: AA PLT, HH DIA, SPG Gold, Hyatt DIA
Posts: 63
Jun 27, 2013, 1:28 pm
#737
Join Date: Aug 2004
Location: Seattle
Programs: United Airlines Premier, Starwood Gold Preferred Guest, Hyatt Gold Passport, Club Carlson Gold
Posts: 356
Jun 27, 2013, 1:33 pm
#738
Join Date: Mar 2013
Location: Down South, The Desert
Programs: Marriot Rewards, Southwest Rapid rewards, Emerald Club, Avis Preferred
Posts: 1,871
So it looks like the statement cut date is the time that we will know if we will be able to keep the product or not. This is the first shutdown reported, no?
Jun 27, 2013, 1:52 pm
#739
Join Date: Aug 2004
Location: Seattle
Programs: United Airlines Premier, Starwood Gold Preferred Guest, Hyatt Gold Passport, Club Carlson Gold
Posts: 356
LOL, just logged in and found out my account was closed as well. I've had it for 2 months, did about $10K the first month and $13K the last month. My statement isn't closed until the 13th or so, so you guys definitely should check your account by logging in.
Hi there. You closed your account.
Here are a few reminders from the GoBank team:
We've transferred your Money Vault funds into your regular account, so you can spend it.
You should transfer your remaining money out of GoBank by writing a check to yourself using our PAY feature. (You can also make purchases with your debit card or take cash out at an ATM).
You can't deposit money to your account now (including direct deposit, so remember to give new info to your payroll department).
You're welcome to still log in and view past transactions and e-statements.
Here are a few reminders from the GoBank team:
We've transferred your Money Vault funds into your regular account, so you can spend it.
You should transfer your remaining money out of GoBank by writing a check to yourself using our PAY feature. (You can also make purchases with your debit card or take cash out at an ATM).
You can't deposit money to your account now (including direct deposit, so remember to give new info to your payroll department).
You're welcome to still log in and view past transactions and e-statements.
Jun 27, 2013, 1:55 pm
#740
Join Date: Mar 2013
Location: Down South, The Desert
Programs: Marriot Rewards, Southwest Rapid rewards, Emerald Club, Avis Preferred
Posts: 1,871
Did either of you call to see what happened yet?
Jun 27, 2013, 1:56 pm
#741
Join Date: Sep 2007
Location: Chicago
Programs: AA, BA, CX, DL, EK, F9, GA, HA, IB, JL, KE, LH, MH, NH, OS, PG, QR, RJ, SA, TG, UA, VN, WN, ZH
Posts: 927
Do you have mix activities or are they all load/deposit and billpays?
Jun 27, 2013, 1:56 pm
#742
Join Date: Aug 2004
Location: Seattle
Programs: United Airlines Premier, Starwood Gold Preferred Guest, Hyatt Gold Passport, Club Carlson Gold
Posts: 356
Just found out. Don't have any plan on calling for now. Greendot isn't a company that you can easily convince. They let us get the remaining money out easily by Bill Pay or ATM withdraw, so I'll just do that and consider this dead dead and wait for the next deal to come!
Jun 27, 2013, 1:59 pm
#743
Join Date: Aug 2004
Location: Seattle
Programs: United Airlines Premier, Starwood Gold Preferred Guest, Hyatt Gold Passport, Club Carlson Gold
Posts: 356
Yep, I do have a mixed set of activities. In fact, I swipe the card almost once per 2 days during lunch, quick grocery trips, etc. I also do ATM withdraw (twice last month), and mostly bill pays. But they can easily see the pattern when they run the tally of walmart swipe load/bill pays/regular usage. Not surprised, actually. All in all I got about 5-6 months of Bluebird limits out of this.
Jun 27, 2013, 2:00 pm
#744
Join Date: Apr 2012
Posts: 1,184
GoBank just shut down myself and my wife, and heard similarly from others. Appears there's been some sort of AccountNow-style purge.
Jun 27, 2013, 2:01 pm
#745
Join Date: Mar 2013
Location: Down South, The Desert
Programs: Marriot Rewards, Southwest Rapid rewards, Emerald Club, Avis Preferred
Posts: 1,871
I hope someone calls so they can report what the trip wires are.
Jun 27, 2013, 2:04 pm
#746
Join Date: Jun 2013
Posts: 1,060
Guys so far vtqanh has described 13 or so thousand a month - have others been below that for more time? Maybe 8K a month would be more wise? Or maybe 5K? gloreglabert - what was your loading and paying style?
Jun 27, 2013, 2:09 pm
#747
Join Date: Sep 2007
Location: Chicago
Programs: AA, BA, CX, DL, EK, F9, GA, HA, IB, JL, KE, LH, MH, NH, OS, PG, QR, RJ, SA, TG, UA, VN, WN, ZH
Posts: 927
From the various reports I've seen, it looks like somewhere around 10K mark (load/unload).
The accounts I manage for a few months have been hovering around 5K and they're still ok. I'm planning to push them up to closer to 10K next month, unless we have more data points showing otherwise.
The accounts I manage for a few months have been hovering around 5K and they're still ok. I'm planning to push them up to closer to 10K next month, unless we have more data points showing otherwise.
Jun 27, 2013, 2:10 pm
#748
Join Date: Dec 2012
Location: Murica
Posts: 344
I got a call from GB shortly after I learned of my shutdown. Was told compliance dept. saw irregular activity and decision is final. I pleaded for them to take me back, said I only hit them hard because I love them, told them I would change my ways but they're smarter than that. :'(
Jun 27, 2013, 2:13 pm
#749
Join Date: Feb 2007
Location: Kansas City, MO
Programs: AA PLT, HH DIA, SPG Gold, Hyatt DIA
Posts: 63
Originally Posted by vtqanh:21000981
That was $1K a day for 30 days? So total of $30K?
Jun 27, 2013, 2:18 pm
#750
Join Date: Mar 2013
Location: Down South, The Desert
Programs: Marriot Rewards, Southwest Rapid rewards, Emerald Club, Avis Preferred
Posts: 1,871
My plan was to run about 8k or so. If I am shut down, I'm going to have to move to MOs.