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.
-----------------------------
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)
Oct 31, 2019, 11:31 pm
#856
Join Date: Jul 2009
Programs: Mileage Plus, AAdvantage
Posts: 424
Doing an ACH transfer, of $500 or more, from another bank account should show up as DD and waive the monthly fee. At least the transfer from my chase checking account did it.
Nov 1, 2019, 9:21 am
#857
Join Date: Jul 2005
Location: Chicago, IL
Programs: AA EP; WN CP;UA SILVER; MARRIOTT TITANIUM; HH DIAMOND; IHG PLAT; RADISSON PLAT; HYATT GLOBAL
Posts: 1,938
Nov 1, 2019, 10:07 am
#858
Join Date: Oct 2014
Posts: 34
I got one from WM and signed up online. Looks like things are normal and I am waiting for the personalized card to arrive.
Nov 2, 2019, 10:52 am
#859
Join Date: Feb 2012
Location: DEN
Programs: Hilton Diamond Hyatt Globalist Marriott Gold AA EXP
Posts: 1,019
So now you have even more money in the account to drain. I've read that loads are a problem if you don't keep the balance at or near 0. Do you actually pay CCs directly from there or withdraw the cash to a primary account somehow?
Nov 5, 2019, 3:24 pm
#861
Join Date: May 2012
Location: SoCal
Posts: 30
Sorry for a whole bunch of Newbie questions. This wiki is 58 pages and I have tried to read some. Maybe the answers to my questions are of general interest and can be posted permanently on the Wiki?
A. Purchase & Card features
1. If I buy the card at WM, can I then have free loads of GC at WM (only)?
2. Do most WM carry the card (in Southern CA)?
3. Where at WM can I do the loads? Cashier or MoneyCenter (with long lines)?
4. To avoid the $8.95 fee, I can transfer in (ACH) $500 from my bank (CU) per cycle. Does the cycle start on the purchase date or Calendar month?
5. ATM withdrawals are free if I use their ATM network. I tried to locate those at GoBank.com/ATM, but it then asks me to log in!?
B. Loading
6. Are Simon Mall Visa GC in domination of $500 and $1,000 OK to load?
7. Are Grocery Store Visa GC issued by Metabank, and in domination of $500 OK to load?
8. Wiki states max 3 swipes. I assume that means that I can only load 3 GC/day (e.g. 3x$500)?
9. Is there a daily $ load limit?
10. To avoid shutdown, I should not load more than $3K/month?
11. To avoid shutdown, I should keep the balance below $3K at all times.
C. Unloading
12. Many Walmarts don't allow MO purchase using GC anymore. Would they accept the GO Card?
13. It appears that I can use the account for Billpay to pay my CC. Any risk for shutdown if I only use the account this way?
14. Can I withdraw (ACH) the funds to my bank? I guess that may cause shutdown.
15. I assume that ATM withdrawals may also cause shutdown (what are the fees for this?)?
16. Can I use the Card at PayPal or Google Pay (prev. Google Wallet) for payments?
17. To avoid shutdown, I should wait "a few days" between loading and unloading?
Sorry again for all the questions, in particular since some may already be answered in the posts.
Thank you in advance to anyone who can help answer my questions!!!
A. Purchase & Card features
1. If I buy the card at WM, can I then have free loads of GC at WM (only)?
2. Do most WM carry the card (in Southern CA)?
3. Where at WM can I do the loads? Cashier or MoneyCenter (with long lines)?
4. To avoid the $8.95 fee, I can transfer in (ACH) $500 from my bank (CU) per cycle. Does the cycle start on the purchase date or Calendar month?
5. ATM withdrawals are free if I use their ATM network. I tried to locate those at GoBank.com/ATM, but it then asks me to log in!?
B. Loading
6. Are Simon Mall Visa GC in domination of $500 and $1,000 OK to load?
7. Are Grocery Store Visa GC issued by Metabank, and in domination of $500 OK to load?
8. Wiki states max 3 swipes. I assume that means that I can only load 3 GC/day (e.g. 3x$500)?
9. Is there a daily $ load limit?
10. To avoid shutdown, I should not load more than $3K/month?
11. To avoid shutdown, I should keep the balance below $3K at all times.
C. Unloading
12. Many Walmarts don't allow MO purchase using GC anymore. Would they accept the GO Card?
13. It appears that I can use the account for Billpay to pay my CC. Any risk for shutdown if I only use the account this way?
14. Can I withdraw (ACH) the funds to my bank? I guess that may cause shutdown.
15. I assume that ATM withdrawals may also cause shutdown (what are the fees for this?)?
16. Can I use the Card at PayPal or Google Pay (prev. Google Wallet) for payments?
17. To avoid shutdown, I should wait "a few days" between loading and unloading?
Sorry again for all the questions, in particular since some may already be answered in the posts.
Thank you in advance to anyone who can help answer my questions!!!
Last edited by viking123; Nov 5, 2019 at 10:47 pm
Nov 5, 2019, 3:48 pm
#862
Join Date: Feb 2015
Posts: 319
When I was new, I went back two years and read every comment on every thread I was interested in. I learned a lot including what worked historically and was able to extrapolate info. It helped tremendously when I reached a point of experimenting and trying new things.
Nov 6, 2019, 12:53 pm
#863
Join Date: Sep 2014
Posts: 202
Sorry for a whole bunch of Newbie questions. This wiki is 58 pages and I have tried to read some. Maybe the answers to my questions are of general interest and can be posted permanently on the Wiki?
A. Purchase & Card features
1. If I buy the card at WM, can I then have free loads of GC at WM (only)?
2. Do most WM carry the card (in Southern CA)?
3. Where at WM can I do the loads? Cashier or MoneyCenter (with long lines)?
4. To avoid the $8.95 fee, I can transfer in (ACH) $500 from my bank (CU) per cycle. Does the cycle start on the purchase date or Calendar month?
5. ATM withdrawals are free if I use their ATM network. I tried to locate those at GoBank.com/ATM, but it then asks me to log in!?
B. Loading
6. Are Simon Mall Visa GC in domination of $500 and $1,000 OK to load?
7. Are Grocery Store Visa GC issued by Metabank, and in domination of $500 OK to load?
8. Wiki states max 3 swipes. I assume that means that I can only load 3 GC/day (e.g. 3x$500)?
9. Is there a daily $ load limit?
10. To avoid shutdown, I should not load more than $3K/month?
11. To avoid shutdown, I should keep the balance below $3K at all times.
C. Unloading
12. Many Walmarts don't allow MO purchase using GC anymore. Would they accept the GO Card?
13. It appears that I can use the account for Billpay to pay my CC. Any risk for shutdown if I only use the account this way?
14. Can I withdraw (ACH) the funds to my bank? I guess that may cause shutdown.
15. I assume that ATM withdrawals may also cause shutdown (what are the fees for this?)?
16. Can I use the Card at PayPal or Google Pay (prev. Google Wallet) for payments?
17. To avoid shutdown, I should wait "a few days" between loading and unloading?
Sorry again for all the questions, in particular since some may already be answered in the posts.
Thank you in advance to anyone who can help answer my questions!!!
A. Purchase & Card features
1. If I buy the card at WM, can I then have free loads of GC at WM (only)?
2. Do most WM carry the card (in Southern CA)?
3. Where at WM can I do the loads? Cashier or MoneyCenter (with long lines)?
4. To avoid the $8.95 fee, I can transfer in (ACH) $500 from my bank (CU) per cycle. Does the cycle start on the purchase date or Calendar month?
5. ATM withdrawals are free if I use their ATM network. I tried to locate those at GoBank.com/ATM, but it then asks me to log in!?
B. Loading
6. Are Simon Mall Visa GC in domination of $500 and $1,000 OK to load?
7. Are Grocery Store Visa GC issued by Metabank, and in domination of $500 OK to load?
8. Wiki states max 3 swipes. I assume that means that I can only load 3 GC/day (e.g. 3x$500)?
9. Is there a daily $ load limit?
10. To avoid shutdown, I should not load more than $3K/month?
11. To avoid shutdown, I should keep the balance below $3K at all times.
C. Unloading
12. Many Walmarts don't allow MO purchase using GC anymore. Would they accept the GO Card?
13. It appears that I can use the account for Billpay to pay my CC. Any risk for shutdown if I only use the account this way?
14. Can I withdraw (ACH) the funds to my bank? I guess that may cause shutdown.
15. I assume that ATM withdrawals may also cause shutdown (what are the fees for this?)?
16. Can I use the Card at PayPal or Google Pay (prev. Google Wallet) for payments?
17. To avoid shutdown, I should wait "a few days" between loading and unloading?
Sorry again for all the questions, in particular since some may already be answered in the posts.
Thank you in advance to anyone who can help answer my questions!!!
Nov 6, 2019, 4:25 pm
#865
Join Date: Jul 2009
Programs: Mileage Plus, AAdvantage
Posts: 424
Actually you can talk to an agent on that number itself, even though it says it is only an automated system. Simply keep choosing the option for 'none of the above' (usually the last option). After 2-3 levels of menu it should connect to an agent.
Nov 6, 2019, 7:37 pm
#866
Join Date: May 2012
Location: SoCal
Posts: 30
My local Walmart (Southern CA) told me that they do not allow the GObank card to be loaded with any kind of Visa Gift cards since about 1-2 month ago 
!
Corporate sent them a memo stating that GC were excluded due to "fraud risks".
They also do not allow GC for MO or Billpay....
!Corporate sent them a memo stating that GC were excluded due to "fraud risks".
They also do not allow GC for MO or Billpay....
Nov 6, 2019, 7:55 pm
#867
Join Date: Apr 2019
Posts: 251
