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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 Jun 28, 13, 9:19 am
  #796  
 
Join Date: May 2013
Posts: 1,106
Deleted

Last edited by vagrants; Jun 28, 13 at 2:24 pm
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Old Jun 28, 13, 9:26 am
  #797  
 
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 7,790
Anyone want to venture a guess as to how much GD pays WM for the loads?
josephstern is offline  
Old Jun 28, 13, 9:56 am
  #798  
 
Join Date: Jun 2005
Location: Sweet Home Chicago
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Originally Posted by vagrants View Post
So did I (not try, I didn't). I build up the account balance, then BillPay out.

So was my account.
+1.

I only had the chance to write two checks in the four weeks I had the card. If the issue is load/unload, I was moving fairly slowly.

I think it has a lot to do with multiple swipes at WM. If the number of $3.74/load (what WM is charging GB) that was discussed up thread is true, then they lost a lot of money on me in four weeks.

What's funny is I managed to survive the MVD purge (so far!) with both of my accounts intact and I feel like I've abused those far more than this one.
MDWCommuter is offline  
Old Jun 28, 13, 10:05 am
  #799  
 
Join Date: Dec 2012
Location: JFK
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Originally Posted by MDWCommuter View Post
I think it has a lot to do with multiple swipes at WM. If the number of $3.74/load (what WM is charging GB) that was discussed up thread is true, then they lost a lot of money on me in four weeks.
I shall be closed already following this logic. About dozen+ of loads but of small 1 hundred amount... But that's about it, the overall volume was small...
pier11 is offline  
Old Jun 28, 13, 10:08 am
  #800  
 
Join Date: Jun 2013
Posts: 1,043
Guys - when does my statement post? Based upon when I make my first MoneyPak "deposit" or when I get my card?
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Old Jun 28, 13, 10:19 am
  #801  
 
Join Date: Nov 2009
Location: DEN
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Originally Posted by raccah View Post
Guys - when does my statement post? Based upon when I make my first MoneyPak "deposit" or when I get my card?
I made my opening deposit on 5/20; my 1st statement didn't close until 6/18, almost a month later.
kjgco is offline  
Old Jun 28, 13, 10:51 am
  #802  
 
Join Date: Jun 2011
Posts: 159
My account ia still open but should be toast as well. I have loaded about $6k to date (thank you OM!) and have not yet even issues a payment (am going to do that tonight).

I managed to dodge the CITI & MyVanilla purges but this one looks bad based on the reports.

I will report again after the account has been closed.
babycakes01 is offline  
Old Jun 28, 13, 11:15 am
  #803  
 
Join Date: Mar 2013
Posts: 809
When my account gets closed, ill bill pay out all but $1. Just for fun lol.
cashback is offline  
Old Jun 28, 13, 12:12 pm
  #804  
 
Join Date: Mar 2013
Location: Down South, The Desert
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Posts: 1,871
I'm still open. Fingers crossed.
TheDapperDon is offline  
Old Jun 28, 13, 2:02 pm
  #805  
 
Join Date: Dec 2009
Location: BOS
Programs: AA, SPG, UA, CSP
Posts: 338
So you guys dont think i should load 2 * 500 GC from Chase this weekend? I have $0 in the account currently.
arsenalman is offline  
Old Jun 28, 13, 2:14 pm
  #806  
 
Join Date: Nov 2009
Location: SDF
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Posts: 687
Originally Posted by arsenalman View Post
So you guys dont think i should load 2 * 500 GC from Chase this weekend? I have $0 in the account currently.
From reports - they don't hold your money - they let you withdraw them. I don't think loading 2x$500 will change whether your account will stay open or closed.
Artemk is online now  
Old Jun 28, 13, 2:16 pm
  #807  
 
Join Date: May 2013
Posts: 1,106
Originally Posted by arsenalman View Post
So you guys dont think i should load 2 * 500 GC from Chase this weekend? I have $0 in the account currently.
If I can try again (I can...I guess if I use SO's name), I won't do 2x $500. My strategy would be, 1x load per 2 weeks (or weekly) on Fri for about $1000 - $4000. Make it look like a bi-weekly (or weekly) pay day check cashing and load or something.

Last edited by vagrants; Jun 28, 13 at 2:26 pm
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Old Jun 28, 13, 3:18 pm
  #808  
 
Join Date: Jun 2011
Posts: 159
Originally Posted by vagrants View Post
My strategy would be, 1x load per 2 weeks (or weekly) on Fri for about $1000 - $4000. Make it look like a bi-weekly (or weekly) pay day check cashing and load or something.
I like it! If I survive, that will be my method.
babycakes01 is offline  
Old Jun 28, 13, 3:33 pm
  #809  
 
Join Date: Dec 2012
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Originally Posted by vagrants View Post
1x load per 2 weeks (or weekly) on Fri for about $1000 - $4000
how to do 1x load for say $4k if you have multiple sources of lesser value?..
Split payment is that what you meant?
pier11 is offline  
Old Jun 28, 13, 4:02 pm
  #810  
 
Join Date: May 2013
Posts: 1,106
Originally Posted by pier11 View Post
how to do 1x load for say $4k if you have multiple sources of lesser value?..
Split payment is that what you meant?
Yes. It was just an idea, I had no consideration other than 'how it may look' & 'reduce the # of loads'. If I actually plan it, I have to do 4x loads with $1.1k max/transaction if I wanna push to $4k...not sure if that's a good idea...I have to read the failure reports again and then determine safe amounts. I can't even remember if you can do the split on the kiosk...most likely you have to go to a register. Since I got kicked out, not paying attention to details that much.

This strategy is probably useless though since they know people are loading with real cash or debit since "RELOAD SWIPE - Deposit" shows up on the transaction. I never loaded with cash, so I don't know what it'll say; but I'm sure it's different from "RELOAD SWIPE - Deposit"...but doing that makes me feel better...from what I know now.

Last edited by vagrants; Jun 28, 13 at 4:15 pm
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