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

Old Jan 10, 2016, 7:37 pm
FlyerTalk Forums Expert How-Tos and Guides
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.
  • 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.
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.

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).





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

Old Jan 19, 2020, 7:49 pm
  #946  
 
Join Date: Apr 2019
Posts: 75
Originally Posted by Samosa2
Thanks for sharing your experience! I can also confirm that max amount per load is $500. CSR tried loading $1k today but got declined, then she tried $600 which declined too, but finally $500 load worked.
Do you happen to know how GB counts "every 30 days"? Is it a calendar month or a rolling 30-day period? Thanks in advance!
Rolling 30
flyertalkfrank is offline  
Old Jan 19, 2020, 7:51 pm
  #947  
 
Join Date: Apr 2019
Posts: 75
Originally Posted by bunny425
Hi,

What is the best way to load visa gift card? Meaning should I tell the CSR I want to load $400 to GoBank card but with 2 different debit cards? or should I just say I want to do two separate loads and each load with $200?

Thanks.
I have always done one load at a time.
flyertalkfrank is offline  
Old Jan 20, 2020, 5:50 am
  #948  
 
Join Date: May 2016
Posts: 58
Originally Posted by flyertalkfrank
I have always done one load at a time.
Hi when buying a new gobank card at Walmart, can I load the max daily amount ($500) immediately?

Thx
bunny425 is offline  
Old Jan 20, 2020, 2:57 pm
  #949  
 
Join Date: Apr 2019
Posts: 75
Originally Posted by bunny425
Hi when buying a new gobank card at Walmart, can I load the max daily amount ($500) immediately?

Thx
Yes, you can load up to $500 initially on it. You will need to activate your account and get your permanent card for regular loads.
flyertalkfrank is offline  
Old Jan 21, 2020, 11:34 am
  #950  
 
Join Date: Jul 2009
Programs: Mileage Plus, AAdvantage
Posts: 424
Originally Posted by bunny425
Hi when buying a new gobank card at Walmart, can I load the max daily amount ($500) immediately?

Thx
I think the max daily load amount is $2500, just that max 500$ can be loaded per transaction.
unicon is offline  
Old Jan 21, 2020, 12:09 pm
  #951  
 
Join Date: Apr 2019
Posts: 75
Originally Posted by unicon
I think the max daily load amount is $2500, just that max 500$ can be loaded per transaction.
For initial card purchase/load, only $500 max: https://www.gobank.com/fees
flyertalkfrank is offline  
Old Jan 24, 2020, 4:01 pm
  #952  
 
Join Date: Jul 2009
Programs: Mileage Plus, AAdvantage
Posts: 424
Originally Posted by flyertalkfrank
For initial card purchase/load, only $500 max: https://www.gobank.com/fees
Yes because that is one transaction. I was responding to the previous comment that seemed to imply that the daily load limit is $500.
unicon is offline  
Old Jan 29, 2020, 5:15 pm
  #953  
 
Join Date: May 2016
Posts: 58
Thank you! I see it is possible to use PayPal deposit to waive the $8.95 fee. Can ACH deposits from Ally/Chase/Charles Schwab help to waive the $8.95 fee? Or what are the banks that work?

How long does it take to receive the permanent Gobank card? I requested on 1/20/20 and still have not received it.

Originally Posted by flyertalkfrank
Yes, you can load up to $500 initially on it. You will need to activate your account and get your permanent card for regular loads.
mwillard1960 likes this.
bunny425 is offline  
Old Jan 30, 2020, 7:09 am
  #954  
 
Join Date: Apr 2019
Posts: 75
Originally Posted by bunny425
Thank you! I see it is possible to use PayPal deposit to waive the $8.95 fee. Can ACH deposits from Ally/Chase/Charles Schwab help to waive the $8.95 fee? Or what are the banks that work?

How long does it take to receive the permanent Gobank card? I requested on 1/20/20 and still have not received it.
I do monthly ACH from WF. As for the card, it took a couple of weeks for me to get mine.
flyertalkfrank is offline  
Old Jan 30, 2020, 7:45 am
  #955  
 
Join Date: Apr 2019
Posts: 75
Deleted, keyboard error.
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Last edited by flyertalkfrank; Jan 30, 2020 at 7:55 am
flyertalkfrank is offline  
Old Jan 30, 2020, 1:29 pm
  #956  
 
Join Date: May 2016
Posts: 58
Originally Posted by flyertalkfrank
I do monthly ACH from WF. As for the card, it took a couple of weeks for me to get mine.
Thank you!!
bunny425 is offline  
Old Jan 31, 2020, 12:32 pm
  #957  
 
Join Date: May 2015
Posts: 1,066
Gobank is really sensitive to load amounts. My account got frozen and they held up my funds for darn near a month. Had to go through a lengthy verifrication process. I wouldn't try much with these guys and definitely not more than $500 unless you like them holding your money. They closed the account and refunded me when it was all said and done.
cdog999 is offline  
Old Feb 5, 2020, 9:50 pm
  #958  
 
Join Date: Jun 2015
Posts: 644
Billpay disappeared

Has billpay option disappeared in the gobank app for anyone else?
Stivelio is offline  
Old Feb 5, 2020, 10:01 pm
  #959  
 
Join Date: Jul 2010
Posts: 12
Mine is still there - I just did a bill pay a few minutes ago.
deals2010 is offline  
Old Feb 5, 2020, 10:12 pm
  #960  
 
Join Date: Jun 2018
Posts: 21
Are you looking in the app? Mine isnt there but its there if you log in thru the browser
Ect828 is offline  

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