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

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

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Old May 12, 18, 5:47 am   -   Wikipost
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The 2014-2015 version of this thread is here: http://www.flyertalk.com/forum/manuf...-card-139.html

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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).
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Old Jan 8, 16, 1:50 pm
  #1  
Original Poster
 
Join Date: Oct 2002
Posts: 244
Gobank by Greendot - online banking with debit card(2016 onwards)

Hi,

Did anyone whose account was show down have problem receiving their fund back after asking Gobank to send a paper check?

After my account was shut down, I asked Gobank return my fund via paper check in early Dec. After two weeks, I had not received the check, then I called Gobank again and they issued me another check in late Jan. But till now I still have not received the check yet.

I wonder if Gobank is trying to play some game and to hold my money. Did anyone have the similar experience before?

thanks..
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Old Jan 9, 16, 12:31 pm
  #2  
 
Join Date: Oct 2011
Posts: 4,144
Does Kate still work to load these? Just select GreenDot reload? I have $1,200 from the recent Staples GC deal in $300 cards. I also have the old GB card.
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Old Jan 9, 16, 7:52 pm
  #3  
 
Join Date: Aug 2014
Location: Dallas
Programs: AA, Southwest
Posts: 126
Originally Posted by Superorb View Post
Does Kate still work to load these? Just select GreenDot reload? I have $1,200 from the recent Staples GC deal in $300 cards. I also have the old GB card.

Yep loaded today just fine. Go easy on the $1,200 and load on multiple days.
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Old Jan 10, 16, 7:45 am
  #4  
 
Join Date: May 2009
Location: DFW
Programs: AAdvantage Platinum, Hilton HHonors Gold
Posts: 2,791
Why don't all FT get together and start a small financial company like GoBank for our MS needs?
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Old Jan 10, 16, 10:32 am
  #5  
 
Join Date: Jul 2015
Posts: 44
Originally Posted by oneworld82 View Post
Why don't all FT get together and start a small financial company like GoBank for our MS needs?
That's brillent! We could charge any associated bank losses to our ever"green" bloggers.
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Old Jan 10, 16, 11:22 am
  #6  
 
Join Date: Oct 2011
Posts: 4,144
Originally Posted by XtraPerks View Post
Yep loaded today just fine. Go easy on the $1,200 and load on multiple days.
Thanks. Any reason not to load the $1,200 all at once? Is it due to being a bunch of $300 cards?
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Old Jan 10, 16, 1:59 pm
  #7  
 
Join Date: Jul 2010
Location: Midwest
Programs: AA EXP 1MM ,Hyatt Diamond,Starwood Platinum,HHonors Gold
Posts: 361
Caution!

3/4 cards temporarily suspended, reason given quick loads/unload activity....loaded a bunch of $200 VGC and made one large CC payment ($1600)....The only card that stil active, I made 2 smaller payments including a car payment....rep encouraged to use the card "properly" ....or else....lifted the block on one of them...still have to call to lift the suspension on the other 2...
Given the Serve/BB recent shutdowns, this won't last long...
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Old Jan 11, 16, 7:51 am
  #8  
 
Join Date: Feb 2007
Posts: 642
Our gobank cards were finally blocked - loaded 30k each last year
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Old Jan 11, 16, 11:04 am
  #9  
 
Join Date: May 2014
Posts: 191
One account suspended. Seems GoBank is also feeling the heat! I am sure they saw a jump in new applications in the last couple of days. It is just a matter of time now.
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Old Jan 11, 16, 12:02 pm
  #10  
 
Join Date: Apr 2003
Location: BOS .. but soon SFO
Programs: UA PLAT, TK GLD, Hilton Diamond, IC PLAT, SPG GLD, Marriott GLD
Posts: 1,528
you animals are going to kill another tool I've been using for YEARS...

I load and then let the money sit there for a while before unloading
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Old Jan 11, 16, 12:11 pm
  #11  
 
Join Date: Feb 2015
Posts: 901
Originally Posted by usalibido View Post
One account suspended. Seems GoBank is also feeling the heat! I am sure they saw a jump in new applications in the last couple of days. It is just a matter of time now.
No doubt. A cashier commented today how many people are now getting and using these cards. I plan on taking it slow and also doing a lot more regular spend, especially small transactions at self checkout lanes. That way, if Green Dot (issuer of GoBank) decides to put in place strickter algorithms to detect unusual spending patterns and/or volumes and crack down on those accts, mine will hopefully be spared.
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Old Jan 16, 16, 3:11 am
  #12  
 
Join Date: Oct 2015
Programs: MileagePLUS, AAdvantage, TrueBlue
Posts: 50
I was thinking about applying for this card...but waiting about a month or two. I don't want to mix-in with all the January applications.

Plan was to have a $500 DD every two weeks ($1000 in most months). I know this is twice the amount necessary to avoid the fee, but that is fine with me. Also, load like $1k or $1.5k a pop at WM, in $500 simon cards. Maybe mix some $500 RA loads in.

As for unloading though, I am worried about what I am hearing about what GoBank considers strange unloading practices. I mean, my mortgage is about $1.6k/month, so clearly that would come out in one lump sum each month and that is about half of what I would be loading each month. Beyond that, I would probably do about 20 small debit swipes in the month, but I really don't do many swipes in the first place, so it might total $200 - 300. They would pretty much be at the same lunch place I go to everyday or a maybe one or two CVS swipes a month. If I am going to a proper restaurant, or if I am making a travel purchase, that is going on the Sapphire card (double miles).

Do y'all think it is even worth my time to get the GoBank. It seems like the consensus is that the card is VERY closure happy. The wiki, for example, is mostly focused on closure reports, less on how to use the card. It is just that I don't even know what they mean by "normal" usage.
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Old Jan 16, 16, 7:20 am
  #13  
 
Join Date: Feb 2007
Posts: 642
both of our accounts were shutdown as well
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Old Jan 17, 16, 9:41 am
  #14  
 
Join Date: Jul 2014
Location: Austin, TX
Posts: 915
...so does anyone who has successfully used GoBank want to offer any words of advice?
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Old Jan 17, 16, 3:27 pm
  #15  
DH
 
Join Date: Jan 2000
Location: Ashburn, VA (IAD/DCA/BWI)
Posts: 2,657
Originally Posted by GatorSmiley View Post
I was thinking about applying for this card...but waiting about a month or two. I don't want to mix-in with all the January applications.
FYI, after I signed up, my account got locked pending ID proof even before I received the card. When I just received the card, I uploaded the DR license but I found my account closed. Anyway I got recording saying I'll never be able to get GoBank card again. BTW this must be fastest shut down for me...
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