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)
Feb 26, 2019, 10:42 pm
#632
Join Date: May 2016
Posts: 41
I didn't see this called out explicitly, so I gave this a try and here's a DP.
Using a new GoBank MC from WM, I wanted to see if the direct deposit actually was required to keep it fee free. I had a $0 balance at the month mark, but the fee still posted. So now there's a negative balance of 8.95 on the card.
Using a new GoBank MC from WM, I wanted to see if the direct deposit actually was required to keep it fee free. I had a $0 balance at the month mark, but the fee still posted. So now there's a negative balance of 8.95 on the card.
Feb 27, 2019, 12:00 pm
#633
Join Date: Feb 2015
Location: California, USA
Posts: 75
Another DP to share: a friend's Visa GoBank card that was recently opened about two months ago, was charged a fee of $3.74 to load $500 at Walmart (Southern California). But my much older Mastercard GoBank card that was opened in the summer of 2018 has no load fee at Walmart; it continues to have no load fee.
Is this a correctable problem, for example, if my friend manages to get switched from a Visa GoBank card to a Mastercard GoBank card?
Is this a correctable problem, for example, if my friend manages to get switched from a Visa GoBank card to a Mastercard GoBank card?
Feb 27, 2019, 12:17 pm
#634
Join Date: Nov 2015
Programs: DL, Marriott & IHG Platty; HH Diamonte
Posts: 861
I didn't see this called out explicitly, so I gave this a try and here's a DP.
Using a new GoBank MC from WM, I wanted to see if the direct deposit actually was required to keep it fee free. I had a $0 balance at the month mark, but the fee still posted. So now there's a negative balance of 8.95 on the card.
Using a new GoBank MC from WM, I wanted to see if the direct deposit actually was required to keep it fee free. I had a $0 balance at the month mark, but the fee still posted. So now there's a negative balance of 8.95 on the card.
Feb 27, 2019, 12:47 pm
#636
Join Date: May 2016
Posts: 41
Another DP to share: a friend's Visa GoBank card that was recently opened about two months ago, was charged a fee of $3.74 to load $500 at Walmart (Southern California). But my much older Mastercard GoBank card that was opened in the summer of 2018 has no load fee at Walmart; it continues to have no load fee.
Is this a correctable problem, for example, if my friend manages to get switched from a Visa GoBank card to a Mastercard GoBank card?
Is this a correctable problem, for example, if my friend manages to get switched from a Visa GoBank card to a Mastercard GoBank card?
Feb 27, 2019, 5:25 pm
#638
Join Date: Jun 2014
Posts: 329
Hello i lost my gobank card, called the customer service and reported it as lost. Automated message mentioned i should receive a new one "soon" - any DP from someone who had gone through this recently? when should i expect my replacement card?
Mar 1, 2019, 3:46 am
#640
Join Date: Oct 2015
Posts: 21
Thanks. But in their terms, it says "The max you can deposit in cash is $2,500 per 24-hours, or $3,000 per 30-days". So DD should counts towards the 3k limit.
Mar 2, 2019, 12:23 pm
#642
Join Date: Jun 2011
Posts: 692
Mar 5, 2019, 11:02 am
#645
Join Date: Jan 2012
Programs: Marriott/SPG Plat, Hilton Gold
Posts: 887
So I read there is a $2,999 balance limit on GD without direct deposit.
Is this new?
I have a WM MoneyCard which I only load with VGC at WM
and yesterday hit an error about exceeding load limit.
I've only loaded $1,600 in last 30 days so not velocity!
I would have been over $3K with this load attempt.
When my employer upgrades payroll system I'll be able
to split direct deposits, so then I'll send $500 every month
and if I've read right, that raises the cap to $10K.
Is this new?
I have a WM MoneyCard which I only load with VGC at WM
and yesterday hit an error about exceeding load limit.
I've only loaded $1,600 in last 30 days so not velocity!
I would have been over $3K with this load attempt.
When my employer upgrades payroll system I'll be able
to split direct deposits, so then I'll send $500 every month
and if I've read right, that raises the cap to $10K.