Jan 10, 2016, 7:37 pm
Last edit by: radonc1
As of 9/18/21: WM loads are no longer free. WM will charge each load (no matter what the size) $3.74 in addition to the money being deposited into your Go Bank account.
GoBank fees and limits:
Cash deposits are limited to $2,500 per day and $3,000 per 30 days, subject to a maximum account balance of $50,000.
The monthly fee will accumulate if the account is dormant. You must call the phone number on the back to close the account.
5/29/19 - There may be a difference in which card gets free loads at WM. Getting the card online through GoBank.com sends out a Visa version. This card may not allow free loads at WM. Reports are that getting the card directly at WM will result in free loads. If anyone can confirm this, please do so.
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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!
tarcapone (open) old version opened October 2014 still alive February 2016. Load $1k/week ($4-$5K per month) nearly every Monday morning. Bill pay out large chunks to Credit cards. (Open) new version Opened November 2015 load $1K per week, but skipping a week each month. Bill pay out large chunks. My $1K/week is always one transaction (2x$500GC).
GoBank fees and limits:
Cash deposits are limited to $2,500 per day and $3,000 per 30 days, subject to a maximum account balance of $50,000.
- Sign up online & through the GoBank app FREE
- Sign up with a starter kit from participating retail stores Purchase a starter kit at a participating retail location ($2.95 or less) + start your account for as little as $20, up to $500
- Monthly Membership FREE in any month that you make qualifying direct deposits totaling at least $500. Otherwise, $8.95 per month. For more details on the Monthly Membership fee
Keep in mind the maximum number of swipes for payment when loading prepaid reloadables including GoBank is THREE. Swiping the prepaid card is considered as FIRST swipe so it leaves you with THREE remaining swipes so plan accordingly.
The monthly fee will accumulate if the account is dormant. You must call the phone number on the back to close the account.
5/29/19 - There may be a difference in which card gets free loads at WM. Getting the card online through GoBank.com sends out a Visa version. This card may not allow free loads at WM. Reports are that getting the card directly at WM will result in free loads. If anyone can confirm this, please do so.
-----------------------------
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!
tarcapone (open) old version opened October 2014 still alive February 2016. Load $1k/week ($4-$5K per month) nearly every Monday morning. Bill pay out large chunks to Credit cards. (Open) new version Opened November 2015 load $1K per week, but skipping a week each month. Bill pay out large chunks. My $1K/week is always one transaction (2x$500GC).
Gobank by Greendot - online banking with debit card(2016 onwards)
Jan 8, 2016, 1:50 pm
#1
Original Poster
Join Date: Oct 2002
Posts: 255
Gobank by Greendot - online banking with debit card(2016 onwards)
Hi,
Did anyone whose account was show down have problem receiving their fund back after asking Gobank to send a paper check?
After my account was shut down, I asked Gobank return my fund via paper check in early Dec. After two weeks, I had not received the check, then I called Gobank again and they issued me another check in late Jan. But till now I still have not received the check yet.
I wonder if Gobank is trying to play some game and to hold my money. Did anyone have the similar experience before?
thanks..
Did anyone whose account was show down have problem receiving their fund back after asking Gobank to send a paper check?
After my account was shut down, I asked Gobank return my fund via paper check in early Dec. After two weeks, I had not received the check, then I called Gobank again and they issued me another check in late Jan. But till now I still have not received the check yet.
I wonder if Gobank is trying to play some game and to hold my money. Did anyone have the similar experience before?
thanks..
Jan 9, 2016, 7:52 pm
#3
Join Date: Aug 2014
Location: Dallas
Programs: AA, Southwest
Posts: 175
Jan 10, 2016, 1:59 pm
#7
Join Date: Jul 2010
Location: Midwest
Programs: AA LT Gold 1MM ,Hyatt Explorist,Marriott Platinum,HHonors Diamond
Posts: 364
Caution!
3/4 cards temporarily suspended, reason given quick loads/unload activity....loaded a bunch of $200 VGC and made one large CC payment ($1600)....The only card that stil active, I made 2 smaller payments including a car payment....rep encouraged to use the card "properly" ....or else....lifted the block on one of them...still have to call to lift the suspension on the other 2...
Given the Serve/BB recent shutdowns, this won't last long...
Given the Serve/BB recent shutdowns, this won't last long...
Jan 11, 2016, 12:02 pm
#10
Join Date: Apr 2003
Location: BOS .. but soon SFO
Programs: UA PLAT, TK GLD, Hilton Diamond, IC PLAT, SPG GLD, Marriott GLD
Posts: 1,528
you animals are going to kill another tool I've been using for YEARS...
I load and then let the money sit there for a while before unloading
I load and then let the money sit there for a while before unloading
Jan 11, 2016, 12:11 pm
#11
Join Date: Feb 2015
Posts: 910
No doubt. A cashier commented today how many people are now getting and using these cards. I plan on taking it slow and also doing a lot more regular spend, especially small transactions at self checkout lanes. That way, if Green Dot (issuer of GoBank) decides to put in place strickter algorithms to detect unusual spending patterns and/or volumes and crack down on those accts, mine will hopefully be spared.
Jan 16, 2016, 3:11 am
#12
Join Date: Oct 2015
Programs: MileagePLUS, AAdvantage, TrueBlue
Posts: 54
I was thinking about applying for this card...but waiting about a month or two. I don't want to mix-in with all the January applications.
Plan was to have a $500 DD every two weeks ($1000 in most months). I know this is twice the amount necessary to avoid the fee, but that is fine with me. Also, load like $1k or $1.5k a pop at WM, in $500 simon cards. Maybe mix some $500 RA loads in.
As for unloading though, I am worried about what I am hearing about what GoBank considers strange unloading practices. I mean, my mortgage is about $1.6k/month, so clearly that would come out in one lump sum each month and that is about half of what I would be loading each month. Beyond that, I would probably do about 20 small debit swipes in the month, but I really don't do many swipes in the first place, so it might total $200 - 300. They would pretty much be at the same lunch place I go to everyday or a maybe one or two CVS swipes a month. If I am going to a proper restaurant, or if I am making a travel purchase, that is going on the Sapphire card (double miles).
Do y'all think it is even worth my time to get the GoBank. It seems like the consensus is that the card is VERY closure happy. The wiki, for example, is mostly focused on closure reports, less on how to use the card. It is just that I don't even know what they mean by "normal" usage.
Plan was to have a $500 DD every two weeks ($1000 in most months). I know this is twice the amount necessary to avoid the fee, but that is fine with me. Also, load like $1k or $1.5k a pop at WM, in $500 simon cards. Maybe mix some $500 RA loads in.
As for unloading though, I am worried about what I am hearing about what GoBank considers strange unloading practices. I mean, my mortgage is about $1.6k/month, so clearly that would come out in one lump sum each month and that is about half of what I would be loading each month. Beyond that, I would probably do about 20 small debit swipes in the month, but I really don't do many swipes in the first place, so it might total $200 - 300. They would pretty much be at the same lunch place I go to everyday or a maybe one or two CVS swipes a month. If I am going to a proper restaurant, or if I am making a travel purchase, that is going on the Sapphire card (double miles).
Do y'all think it is even worth my time to get the GoBank. It seems like the consensus is that the card is VERY closure happy. The wiki, for example, is mostly focused on closure reports, less on how to use the card. It is just that I don't even know what they mean by "normal" usage.
Jan 17, 2016, 3:27 pm
#15
Join Date: Jan 2000
Location: Ashburn, VA (IAD/DCA/BWI)
Posts: 2,748
BTW this must be fastest shut down for me...