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)
Aug 31, 2017, 11:07 pm
#391
Join Date: Jun 2016
Posts: 2,257
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.
Sep 3, 2017, 7:02 pm
#392
Join Date: Oct 2015
Posts: 136
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.
Sep 5, 2017, 11:06 pm
#394
Join Date: Oct 2015
Location: HNL
Posts: 148
you bought the vgc @ WM? unless it's metabank visa(not vanilla), it won't work to load at WM.
Sep 14, 2017, 7:09 am
#398
Join Date: Dec 2008
Location: DUB-BOS
Programs: various
Posts: 3,692
I suppose nobody is entirely clear, as YMMV until you get shut down. That is usually the first time you know something is wrong. I guess that most of us are doing the min DD via ACH
I had assumed a max DD of $500, which leaves 83% of the monthly load is via gebits.
In your case you are doing 40% of your monthly load via DD, and I presume they like that better than Gebit load so perhaps that is why you are ok with $5k p/m.
Either way the $3k is not a hard rule, but breaking it regularly can trigger further scrutiny, and then it all depends whether or not they like your usage patterns on the card.
I had assumed a max DD of $500, which leaves 83% of the monthly load is via gebits.
In your case you are doing 40% of your monthly load via DD, and I presume they like that better than Gebit load so perhaps that is why you are ok with $5k p/m.
Either way the $3k is not a hard rule, but breaking it regularly can trigger further scrutiny, and then it all depends whether or not they like your usage patterns on the card.
Oct 4, 2017, 12:16 pm
#399
Join Date: Oct 2017
Posts: 2
Monthly Fee
If my account balance is $0 and I don't do ACH as DD ($500/month), will (and how) GoBank charge me the $6.95 monthly fee?
I suppose nobody is entirely clear, as YMMV until you get shut down. That is usually the first time you know something is wrong. I guess that most of us are doing the min DD via ACH
I had assumed a max DD of $500, which leaves 83% of the monthly load is via gebits.
In your case you are doing 40% of your monthly load via DD, and I presume they like that better than Gebit load so perhaps that is why you are ok with $5k p/m.
Either way the $3k is not a hard rule, but breaking it regularly can trigger further scrutiny, and then it all depends whether or not they like your usage patterns on the card.
I had assumed a max DD of $500, which leaves 83% of the monthly load is via gebits.
In your case you are doing 40% of your monthly load via DD, and I presume they like that better than Gebit load so perhaps that is why you are ok with $5k p/m.
Either way the $3k is not a hard rule, but breaking it regularly can trigger further scrutiny, and then it all depends whether or not they like your usage patterns on the card.
Oct 4, 2017, 12:51 pm
#401
Join Date: Oct 2017
Posts: 2
Monthly Fee
Thanks for the answer. Let's say my account is $0 and I don't have DD or ACH last month, this month, and next month. If I add money in the following month(s), will GoBank charge the monthly fee for the previous month(s) and this month?
Oct 5, 2017, 9:10 pm
#405
Join Date: Mar 2007
Location: S Cal
Programs: AA Lifetime Plat, United Silver, Marriott Plat, IHG Plat
Posts: 1,142
It has been reported previously that GB will allow you to exceed the 3K max sometimes. I have done that on occasion. Also, even if I am trying to keep it to 3K per calendar month, I will sometimes exceed 3K in a 30 day period. But usually I'm a good boy and stick with 3K per month.
I'll be more impressed with your data point if you are able to load 4K for a number of months in a row without any issues. The risk you are taking is that you might fly above the radar and attract eyes to your account.
Like many of us, I am banned from Serve and Bluebird. So I try not to offend the GoBank gods. I'm not interested in imitating Icarus.
I'll be more impressed with your data point if you are able to load 4K for a number of months in a row without any issues. The risk you are taking is that you might fly above the radar and attract eyes to your account.
Like many of us, I am banned from Serve and Bluebird. So I try not to offend the GoBank gods. I'm not interested in imitating Icarus.