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)
Jul 25, 2017, 7:18 am
#377
Join Date: Feb 2015
Posts: 319
In the past they wouldn't but I have no idea if that has changed. My account has been dormant since Dec.
Jul 27, 2017, 7:15 pm
#381
Join Date: Nov 2015
Programs: DL, Marriott & IHG Platty; HH Diamonte
Posts: 861
Personally, my view is this: GoBank needs to make money, just factor in the 8.95 fee into your bottom line and don't try to avoid it. If you do try to get the monthly fee waived with DD and only load GCs, you risk shutdown.
Jul 28, 2017, 8:22 am
#382
Join Date: Sep 2014
Location: NYC
Posts: 498
This is horrible advice. Paying $8.95 a month to load this card is not worth it. It is so easily avoidable, and many banks count towards the DD requirement.
Jul 28, 2017, 10:46 am
#383
Join Date: Feb 2016
Location: Northeastern United States
Posts: 597
Jul 28, 2017, 2:26 pm
#384
Join Date: Nov 2015
Programs: DL, Marriott & IHG Platty; HH Diamonte
Posts: 861
To each their own. Everything has been working fine for me so I'll just continue along on my merry way.
Jul 28, 2017, 2:35 pm
#385
Join Date: Feb 2014
Posts: 91
Here's an idea, set up DD from payroll. That's what I do, and all I do is load gc and bill pay without problems for two years.
Jul 28, 2017, 3:16 pm
#386
Join Date: Nov 2015
Programs: DL, Marriott & IHG Platty; HH Diamonte
Posts: 861
I like to keep things separate. If my employer was willing to split DDs to different institutions, I would do the above, but my employer isn't.
Aug 7, 2017, 11:07 pm
#387
Join Date: Jul 2017
Posts: 25
Using GreenDots Still Viable?
Is using GreenDot still a viable method for MSing? If so, is the recommend method to minimize the risk of closure to direct deposit $500 a month from employer and load the rest using VGC (Metabank or OV??) I read that there is a 3k deposit max per month...does this still stand? Does it include the DD in the total? Thanks
Aug 10, 2017, 7:58 am
#388
Join Date: Feb 2015
Posts: 76
1) Yes, Gobank is still live for MSing
2) Let the money stay in the account for a while or buy small items using the card
3) the 3K deposit limit dones't include the DD.
2) Let the money stay in the account for a while or buy small items using the card
3) the 3K deposit limit dones't include the DD.
Is using GreenDot still a viable method for MSing? If so, is the recommend method to minimize the risk of closure to direct deposit $500 a month from employer and load the rest using VGC (Metabank or OV??) I read that there is a 3k deposit max per month...does this still stand? Does it include the DD in the total? Thanks
Aug 27, 2017, 6:12 pm
#389
Join Date: Nov 2012
Posts: 126
What the routing number do you guys use for ACH? I tried the number 124303162 with multiple banks (i.e., citizens, PNC, and Wells Fargo), and none of them recognized that number. Called citizens customer services and the representative even said the number does not exist for any bank.
Aug 31, 2017, 5:42 pm
#390
Join Date: Jul 2015
Posts: 278
Anyone have experience with really delayed bill pay checks not arriving? I have one that is now on day 10, and I just called, and they are going to research it. I think that's what she said because she had a thick accent, and it was tough to make out. They said they would get back to me in 2 business days, which is likely going to put it on day 15 after the holiday.
I typically mail my wife's check to me, and my check to the wife. I have auto paid out of the account for a while this way. The crappy part is they put the two checks in the same envelope from the third party mailer. I'm guessing the delay may be hurricane related, but I just don't want to fight them because someone is be off with the money on the checks. It was a bunch. The checks actually have the same home and ship to address, so I'm hoping it doesn't raise a flag from anyone.
Anyone see delays this long?
I typically mail my wife's check to me, and my check to the wife. I have auto paid out of the account for a while this way. The crappy part is they put the two checks in the same envelope from the third party mailer. I'm guessing the delay may be hurricane related, but I just don't want to fight them because someone is be off with the money on the checks. It was a bunch. The checks actually have the same home and ship to address, so I'm hoping it doesn't raise a flag from anyone.
Anyone see delays this long?