Go Back  FlyerTalk Forums > Miles&Points > Credit, Debit and Prepaid Card Programs > Manufactured Spending
Reload this Page >

Gobank by Greendot - online banking with debit card(2016 onwards)

Gobank by Greendot - online banking with debit card(2016 onwards)

    Hide Wikipost
Old May 12, 18, 5:47 am   -   Wikipost
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: Mamibear
Wiki Link
The 2014-2015 version of this thread is here: http://www.flyertalk.com/forum/manuf...-card-139.html

---------------------------------------------------------------------------------------

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.

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.

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!

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).
Print Wikipost

Reply

Old Jan 30, 16, 12:45 am
  #61  
 
Join Date: Apr 2010
Posts: 342
Originally Posted by oozze View Post
No fee. I Loaded $2.5k today @ WMT.
Setting up DD from my paycheck today as well.

Planning to leave it there for at least a month prior doing anything else.
Sooooo......

Have you been shutdown yet?

Over/under he makes it past Monday. Anyone? Anyone?
sybloc is offline  
Reply With Quote
Old Jan 31, 16, 5:13 pm
  #62  
 
Join Date: Jul 2012
Posts: 274
Originally Posted by anubond005 View Post
Can you load at family dollar or rite aid too with no fee?? Thanks
Dont know. Dont have it here around me (FD).
Rite aid near me is not too friendly.

Originally Posted by nfpa70e View Post
WM allows 4 maximum swipes for a load, considering the VGCs are maximum 500 each, that's 2K. I assume you did two separate orders correct? or you have to load Gobank one at a time, meaning there would 5 swipes.
I am lucky to find Kate. So I loaded via Kate twice.
1st load 3*5xx & 2*2xx
2nd load 3*2xx
And, if i didnt find Kate, the plan is to do 5+ swipes.

Originally Posted by XtraPerks View Post
I doubt you will be around for long if you continue to load 2.5K at a time on this card. Best for the smaller $200's and $100's found at office supply stores. Get MO if you need to liquidate $500s.
I dont know where you unload 5xx cards via MO in my area.
Most of WMT denied them.

Originally Posted by sybloc View Post
Sooooo......

Have you been shutdown yet?

Over/under he makes it past Monday. Anyone? Anyone?
I dont know (hope not), but I can still login and see me 2.5k balance today.
But today is Sunday.
oozze is offline  
Reply With Quote
Old Feb 1, 16, 5:41 am
  #63  
 
Join Date: Sep 2015
Posts: 456
Grabbed one of these cards at local Walmart. Activated it with $20 from my Wells debit. Do I need to wait for the Orignal card in mail to load it? Or I can load $$ on temp card too. Plz advise. Thanks.
anubond005 is offline  
Reply With Quote
Old Feb 1, 16, 8:36 am
  #64  
 
Join Date: Feb 2015
Posts: 338
I was able to load my temp card. I loaded a couple of $100 VGCs I had from Kroger for 4x fuel points.

I went to RA yesterday to load a $500 OVGC but it appears that they charge a $4.95 reload fee for all loads other than fee-free Serve cards based on the stock signage, so I didn't bother. I'll cash that out with a MO instead. 65c < $4.95.
shadow520 is offline  
Reply With Quote
Old Feb 1, 16, 9:27 am
  #65  
 
Join Date: Jan 2014
Posts: 148
anyone know if i can keep purchasing multiple greendot cards and crediting them to one main account for a permanent card that i already have? I have an endless supply of the"initial" cards and it would be amazing to skip the WM loading step.
Iridium7777 is offline  
Reply With Quote
Old Feb 6, 16, 9:23 pm
  #66  
 
Join Date: Jul 2013
Posts: 97
Saw couple of this gobank card in my walmart, wondering if you can buy it with cc. And what is the maximum card you can have? I saw some of the post saying they have multiple cards.
darenhuang is offline  
Reply With Quote
Old Feb 7, 16, 6:44 am
  #67  
 
Join Date: Jul 2014
Posts: 3,558
Originally Posted by Iridium7777 View Post
anyone know if i can keep purchasing multiple greendot cards and crediting them to one main account for a permanent card that i already have? I have an endless supply of the"initial" cards and it would be amazing to skip the WM loading step.
IINM, we can spend the load on the temp card, right? I have a plan which I'm going to execute sometime later and see if it works.
Mamibear is offline  
Reply With Quote
Old Feb 7, 16, 8:21 am
  #68  
 
Join Date: Feb 2015
Posts: 338
Originally Posted by darenhuang View Post
Saw couple of this gobank card in my walmart, wondering if you can buy it with cc. And what is the maximum card you can have? I saw some of the post saying they have multiple cards.
When I bought my GB card, I tried to use credit and it came back as tender not allowed. Had to use debit.
shadow520 is offline  
Reply With Quote
Old Feb 11, 16, 5:28 pm
  #69  
 
Join Date: Feb 2015
Location: California, USA
Posts: 71
ACH Deposits

As of today, what ACH transfers from which banks are confirmed to work to qualify for the $500 direct deposit threshold? Or, are no ACH transfers acceptable (that anyone has found)?
SeanTek is offline  
Reply With Quote
Old Feb 11, 16, 5:44 pm
  #70  
 
Join Date: Apr 2015
Posts: 149
Anyone try using this to make a purchase on a foreign website? The website looks like it should but I had trouble and CS said it wasn't possible
mulliganman30 is offline  
Reply With Quote
Old Feb 11, 16, 6:03 pm
  #71  
 
Join Date: Aug 2015
Posts: 322
Originally Posted by SeanTek View Post
As of today, what ACH transfers from which banks are confirmed to work to qualify for the $500 direct deposit threshold? Or, are no ACH transfers acceptable (that anyone has found)?
When I linked my WF checking with GoBank the verification deposit funds are labeled as direct deposit, so I'm thinking it might work. I'm going to try that but I'm also interested in finding answer to the same question.
nfpa70e is offline  
Reply With Quote
Old Feb 15, 16, 6:31 am
  #72  
 
Join Date: Feb 2013
Posts: 2
I linked my Chase and deposit from Chase ACH also coding as DD.
doubledds is offline  
Reply With Quote
Old Feb 15, 16, 9:13 am
  #73  
 
Join Date: Aug 2015
Posts: 322
It seems GB has monthly load limit of $3000 per 30 day rolling average. If I have deposited 1K each on Feb1, 2 and 3. Does the 30 day RA start from Feb1 or Feb3? Seems to me it should start from feb1 just want to make sure.
nfpa70e is offline  
Reply With Quote
Old Feb 15, 16, 9:30 am
  #74  
 
Join Date: Jan 2013
Posts: 296
Originally Posted by nfpa70e View Post
It seems GB has monthly load limit of $3000 per 30 day rolling average. If I have deposited 1K each on Feb1, 2 and 3. Does the 30 day RA start from Feb1 or Feb3? Seems to me it should start from feb1 just want to make sure.
Not hard limit. But may close card.
ericliujian is offline  
Reply With Quote
Old Feb 15, 16, 4:44 pm
  #75  
 
Join Date: Feb 2015
Posts: 109
As previously posted, my GoBank was shut down after initial funding before it was ever used. I applied for a WM Money Card and it seems to have gone though although it's also a Greendot product. No problem signing in, getting email updates. Waiting for permanent card to show up and then I'll try loading it.
Clueless12 is online now  
Reply With Quote

Thread Tools
Search this Thread
 
  • Ask a Question
    Get answers from community experts
Question Title:
Description:
Your question will be posted in: