GoBank

Deposits held and insured by Bonneville Bank

Overview / Commentary
888-280-8260
3465 E Foothill Blvd
Pasadena, CA 91107
Deposits held and insured by Bonneville Bank

Related Posts

GoBank Review - 9/20/2019

GoBank is a bank brand of Green Dot Bank, an FDIC-member bank. In this review, we cover GoBank's features, fees, and mobile app.

3 Percent On Gobanks Greendot Savings - 7/30/2019

https://www.greendot.com/ Says this is long term and 3 percent back on debit card purchases

GO Bank Pros and Cons

I was nervous at first to join a bank with no physical address. However, some of the site's specifications made the transition a beneficial one. I really appreciate how there are no overdraft charges. As a teacher I only get paid once a month. One of my retirement accounts pulls money at the begininng of the month and I sometimes am a day early of my pay check. Go Bank has no overdraft charges, so I do not have to worry when this day lag in my pay check happens. Also being a teacher, I like not having to wait for my check to actually be deposit. There is only a max of two days with the direct deposit, so I get my funds faster than I did with Wells Fargo.

GoBank's Awesome Checking Account

I wanted to open a different checking account because I was so tired of all the fees associated with my local bank. I found GoBank, read multiple positive reviews about the bank, and started an online checking account with them. While you do not get the personalized service many people expect from local banks, they have a huge network of ATMs that are absolutely free. I also love that I can still make cash deposits at Walmart. I have used their app to pay people directly too, and the process was simple and immediate. I ultimately closed my checking account at my local bank and now only use GoBank. I was a little hesitant at first to bank with an institution that is totally online, but I would definitely recommend them to anyone now.

GoBank.com The No Fee Alternative

I first heard of GoBank when I was looking for an alternative to a traditional checking account. My ex wife had wrote a bad check on our joint account.
The check had been reported to Chex Systems. So, as a result, I couldn't get a regular checking account. I needed a way to have my Social Security check direct deposited. A friend told me about Green Dot cards and GoBank. I signed up and am glad I did. I get free checking with no overdraft fees. I can deposit cash at any Walmart store. I can also use the card like a credit card to book travel, hotels, etc. Sometimes I can even get direct deposits a couple of days early. If you do have issues, though, it's hard to get a live person to talk to. Also, the person on the phone is usually in India and doesn't understand English well. Sometimes, I've had to be on the phone for over two hours to get something taken care of. But, overall they are pretty good.

Nice Basic Card, But Watchout For Gotchas

Posted by: btakac | Jun 30, 2019

I have enjoyed using the debit card, but there are some “gotchas” with GoBank. I had made a purchase on my debit card, and the vendor cancelled the sale minutes after I made the purchase - the cash went into reserve, but the charge never posted. One week later, I don’t have access to my funds. I called GoBank Customer Service (another “gotcha”) and I was told it can take up to two weeks to gain access to my funds again. Unbelievable.

Offshore customer service representatives and you are forced to listen to advertising while you figure out the right menu choices to select in order to talk to someone. Kind of a joke, but not funny if you are concerned about a transaction.

Lastly, it is a crap shoot as to whether or not you can see your transactions after 8 PM EST. Balance is incorrect or I have “No Transactions Available Yet”.
Grow up - you are a financial institution. I should be able to see all my transactions all of the time - or you should have a disclaimer on your site. Please note that this is not a web browser issue; I consistently got inconsistent balance and no transactions regardless of platform or browser.

Other than that, I love GoBank and you will too.

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Health
A+

Data as of Q2 2019

Data displayed below is for insuring bank: Bonneville Bank
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #22653
Year Established1978
Employees21
Primary RegulatorFED
Profit Margin
Return on Assets - YTD3.23%
Return on Equity - YTD29.56%
Annual Interest Income$22.6MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.71B$1.54B
LoansQ2 2019vs Q2 2018$21.4MM$21.6MM
DepositsQ2 2019vs Q2 2018$1.43B$1.35B
Equity CapitalQ2 2019vs Q2 2018$214.4MM$165.2MM
Loan Loss AllowanceQ2 2019vs Q2 2018$1.1MM$1.2MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.0MM$1.4MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

3 Percent On Gobanks Greendot Savings

garyh1961   |  
https://www.greendot.com/

Says this is long term and 3 percent back on debit card purchases

Rates

Sorry, we do not have rate data for GoBank.

Locations

GoBank is an Internet only bank and does not have branch locations. Its headquarters is located at 3465 E Foothill Blvd - Pasadena, CA 91107

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