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)
Sep 20, 2021, 8:11 pm
#1516
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
I think that you are being transferred to Go2. Please tell us if your current DD will suffice for your new Go2 account. That would be an important DP.
With that being said, it appears that the DD requirements for Go2 have been tightened, This is from Go2 web site.
How do I set up direct deposit?
"IMPORTANT: The name and Social Security number on file with your employer must match your GO2bank account exactly or we won’t be able to make your deposit.
1. Ask your employer’s payroll department for instructions on setting up direct deposit.
2. Then follow these steps to get your account and bank routing numbers:
a. Log in to your GO2bank account in the app or website.
b. Find “Direct deposit” under Move money. Copy your GO2bank direct deposit account number and bank routing number.
c. If your employer requests the account type, enter “checking.”
3. Follow the instructions provided by your employer to provide your GO2bank account and bank routing numbers and make your direct deposit selection.
Once setup is complete, direct deposits usually start showing up in your GO2bank account within 1-2 payroll cycles.
TIP: Ask your payroll department how long it will take them to set up your direct deposit. If it takes longer than expected to receive your first direct deposit, check back with your payroll department. GO2bank does not have any information about your direct deposit enrollment status."
When I tried to set up a DD from a bank account at my initial Go application 9 months ago, Go sent the DD back. I then had to use my company to set up the DD. It appears that the GD had tightened up their DD requirements prior to their instituting their new Go2 bank.
I am also certain that GD could determine where a DD was coming from, i.e. an employer versus a bank checking account.
With that being said, it appears that the DD requirements for Go2 have been tightened, This is from Go2 web site.
How do I set up direct deposit?
"IMPORTANT: The name and Social Security number on file with your employer must match your GO2bank account exactly or we won’t be able to make your deposit.
1. Ask your employer’s payroll department for instructions on setting up direct deposit.
2. Then follow these steps to get your account and bank routing numbers:
a. Log in to your GO2bank account in the app or website.
b. Find “Direct deposit” under Move money. Copy your GO2bank direct deposit account number and bank routing number.
c. If your employer requests the account type, enter “checking.”
3. Follow the instructions provided by your employer to provide your GO2bank account and bank routing numbers and make your direct deposit selection.
Once setup is complete, direct deposits usually start showing up in your GO2bank account within 1-2 payroll cycles.
TIP: Ask your payroll department how long it will take them to set up your direct deposit. If it takes longer than expected to receive your first direct deposit, check back with your payroll department. GO2bank does not have any information about your direct deposit enrollment status."
When I tried to set up a DD from a bank account at my initial Go application 9 months ago, Go sent the DD back. I then had to use my company to set up the DD. It appears that the GD had tightened up their DD requirements prior to their instituting their new Go2 bank.
I am also certain that GD could determine where a DD was coming from, i.e. an employer versus a bank checking account.
They could be kicking those back if the originating account isn't a business checking account And/Or if the names of the sending entity matches your name exactly. One solution would be to just get a business checking account from somewhere like Chase, and use some variation of your name as business name.
I've been sending my "DD" as ACH from a random local CU and so far it works.
Sep 21, 2021, 5:56 am
#1517
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,439
Where would employer's DD come from? Also a checking account.
They could be kicking those back if the originating account isn't a business checking account And/Or if the names of the sending entity matches your name exactly. One solution would be to just get a business checking account from somewhere like Chase, and use some variation of your name as business name.
I've been sending my "DD" as ACH from a random local CU and so far it works.
They could be kicking those back if the originating account isn't a business checking account And/Or if the names of the sending entity matches your name exactly. One solution would be to just get a business checking account from somewhere like Chase, and use some variation of your name as business name.
I've been sending my "DD" as ACH from a random local CU and so far it works.
When did you set up your Go Bank DD account? I tried what you did and the DD was returned to my Chase checking account. That was 9 months ago. I then had to use my business to DD the money to Go which did work. If your DD was done further back then mine, maybe Go changed their rules by the time I attempted to do my DD.
Second. Business checking accounts are almost always fee based. They either have monthly fees, minimum activity levels or fees for money movement (check payments, deposits etc.). I can assure you that business checking accounts cost much more than the $4/mo. that Go would charge for their Go2 bank account.
Finally, I suspect that if you are not being moved to Go2, then your current DD situation will not change (I certainly hope that is the case). However, if your account is going to be migrated to Go2, then you are going to fall under the Go2 T&Cs for DD. We will just have to wait to see how that falls out starting in November.
Sep 21, 2021, 7:09 am
#1519
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
I suspect that making a DD from a business checking account may have worked for Go. But I now have 2 queries about that approach now.
When did you set up your Go Bank DD account? I tried what you did and the DD was returned to my Chase checking account. That was 9 months ago. I then had to use my business to DD the money to Go which did work. If your DD was done further back then mine, maybe Go changed their rules by the time I attempted to do my DD.
Second. Business checking accounts are almost always fee based. They either have monthly fees, minimum activity levels or fees for money movement (check payments, deposits etc.). I can assure you that business checking accounts cost much more than the $4/mo. that Go would charge for their Go2 bank account.
Finally, I suspect that if you are not being moved to Go2, then your current DD situation will not change (I certainly hope that is the case). However, if your account is going to be migrated to Go2, then you are going to fall under the Go2 T&Cs for DD. We will just have to wait to see how that falls out starting in November.
When did you set up your Go Bank DD account? I tried what you did and the DD was returned to my Chase checking account. That was 9 months ago. I then had to use my business to DD the money to Go which did work. If your DD was done further back then mine, maybe Go changed their rules by the time I attempted to do my DD.
Second. Business checking accounts are almost always fee based. They either have monthly fees, minimum activity levels or fees for money movement (check payments, deposits etc.). I can assure you that business checking accounts cost much more than the $4/mo. that Go would charge for their Go2 bank account.
Finally, I suspect that if you are not being moved to Go2, then your current DD situation will not change (I certainly hope that is the case). However, if your account is going to be migrated to Go2, then you are going to fall under the Go2 T&Cs for DD. We will just have to wait to see how that falls out starting in November.
You can go for the $750 Chase biz checking bonus right now, and try this out. After the initial hoops to jump through, it's only a $2k/mo balance requirement OR $2k /mo spend on an Ink card, which is peanuts for most of us with ODOM....and we do it anyway.
I'm just wondering how they can tell legit DD, and only 2 ways I can think of are business checking and/or different name on the ACH sender. They can't possibly know the names of every single business in existence, and there's no special form of ACH or checking account for companies or small businesses.
Sep 21, 2021, 8:14 am
#1520
Join Date: Jan 2014
Location: Triangle
Posts: 32
As anticipated, my original GoBank Visa was loaded today 9/17 at WM with NO FEE. Register and WM load receipt still explicitly states:
SWIPE FEE 0.00
So GB Visa without fees (for me) appears to be good until 10/31, when this card can no longer be used per the GoBank - Go2Bank transition letter received. I have not activated nor do I have any plans to activate this new Go2Bank card prior to then. Future fees will determine if I even bother with it.
SWIPE FEE 0.00
So GB Visa without fees (for me) appears to be good until 10/31, when this card can no longer be used per the GoBank - Go2Bank transition letter received. I have not activated nor do I have any plans to activate this new Go2Bank card prior to then. Future fees will determine if I even bother with it.
Again, I have not received any e-mails or notices of a swipe fee on this card, but it appears to be there now. I did a free load yesterday, so I know this was not the case prior to today. Looks like a cheaper MO is going to be needed going forward unless any other suggestions are out there.
$3.74 per $500 is not going to be in my future plans.
Last edited by Caryite; Sep 21, 2021 at 8:21 am
Sep 21, 2021, 8:48 am
#1521
Join Date: Aug 2015
Posts: 2,061
Welp, today 9/21 on my original GB Visa, I saw a $3.74 swipe fee show up when trying to load at WM. I canceled the transaction and had the cashier try the load again. Once I swiped my card, the $3.74 fee showed up again, so another cancel of that transaction.
Again, I have not received any e-mails or notices of a swipe fee on this card, but it appears to be there now. I did a free load yesterday, so I know this was not the case prior to today. Looks like a cheaper MO is going to be needed going forward unless any other suggestions are out there.
$3.74 per $500 is not going to be in my future plans.
Again, I have not received any e-mails or notices of a swipe fee on this card, but it appears to be there now. I did a free load yesterday, so I know this was not the case prior to today. Looks like a cheaper MO is going to be needed going forward unless any other suggestions are out there.
$3.74 per $500 is not going to be in my future plans.
Sep 21, 2021, 3:48 pm
#1524
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
Welp, today 9/21 on my original GB Visa, I saw a $3.74 swipe fee show up when trying to load at WM. I canceled the transaction and had the cashier try the load again. Once I swiped my card, the $3.74 fee showed up again, so another cancel of that transaction.
$3.74 per $500 is not going to be in my future plans.
$3.74 per $500 is not going to be in my future plans.
My old accounts were GB MC. Like others here have reported, I received new GB MC Chip cards, not GB2 cards.
Sep 21, 2021, 6:34 pm
#1526
Join Date: Dec 2008
Location: DUB-BOS
Programs: various
Posts: 3,690
I have made several free loads since 9-16, and I fully expect to continue loading for free until 10-31
Sep 21, 2021, 7:56 pm
#1527
Join Date: Oct 2014
Programs: All of them
Posts: 1,664
I did a free load yesterday, I have MC version AND got the email about 9-16 fees. Maybe they forgot about it lol.
Sep 21, 2021, 9:39 pm
#1528
Join Date: Dec 2009
Location: DEN
Posts: 502
I can confirm 3.74 fee is in effect today 9-21 for GoBank Visa (opened early 2014).
It's possible they're rolling out fee in batches depending on card network. I definitely wouldn't count on the MC version remaining fee-free until 10-31.
It's possible they're rolling out fee in batches depending on card network. I definitely wouldn't count on the MC version remaining fee-free until 10-31.
Sep 22, 2021, 7:00 am
#1529
Join Date: Mar 2005
Programs: Continental Onepass, Hilton, Marriott, USAir and now UA
Posts: 6,439
Tried this AM using my old Go MC version to load $20 at reliable WM and got the $3.74 charge
Received absolutely no notifications for this charge or change.
Will activate my new Go MC chipped version asap and try it as well. However, looks like another round of "discussions" needed with Go CS
Sep 22, 2021, 12:02 pm
#1530
Join Date: Oct 2015
Location: HNL
Posts: 148
Bad news guys and gals
Tried this AM using my old Go MC version to load $20 at reliable WM and got the $3.74 charge
Received absolutely no notifications for this charge or change.
Will activate my new Go MC chipped version asap and try it as well. However, looks like another round of "discussions" needed with Go CS
Tried this AM using my old Go MC version to load $20 at reliable WM and got the $3.74 charge
Received absolutely no notifications for this charge or change.
Will activate my new Go MC chipped version asap and try it as well. However, looks like another round of "discussions" needed with Go CS