I have had GoBank checking account for over a year now and have had overall great experience. Even with it being a online-only bank, I find that it works better for me than brick & mortar banks. The convince of it all, way less fees for just about everything, events ease getting my replacement lost card, I reported it Friday morning and it was in my mailbox on Monday!
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.
I have used Gobank for about three years now. In those three years I have only had one instance that gave me any trouble. The instance in question was when a fraudulent charge appeared on my card out of nowhere. This charge was to a foreign website that I had no way of knowing about or even understanding. I called in with the bank and they were able to get me my money back after filling out a simple form. Their customer service was really helpful.
Other than that instance I have never had a problem with them. I am a fan of the no monthly fees and love that I can load up my account at any Walmart or 7-11 store. It is easy to transfer money between my savings account portion of the website and back to the checking in a matter of clicks. When you sign up you will receive an account number and routing number so this account can be used for any traditional banking needs.
It is a great online bank to be a customer with. I installed the banking app, where I could open accounts, order debit cards, and pay my bills too. And the best of all, the app has a transparent fee schedule.It means that I had to decide how much I want to pay each month between $0 and $9. The voluntary monthly fee shows the creators are pretty sure you're going to love them and find it worth your money. Money transfers are really fast. The only problem with this bank is I wanted to earn higher interest rates to establish my savings for which purpose this bank didn't seem the right option. Another convenient thing I found about this bank is that I could go at any nearby Walmart and deposit money into my account without any fee or extra charge. This bank was also proved convenient for me because I send money every month out of country for which this bank proved to be great. It only takes a couple of minutes to send money anywhere in the world.
|FDIC Certificate #||22653|
|Return on Assets - YTD||1.43%|
|Return on Equity - YTD||13.26%|
|Annual Interest Income||$10.8MM|
|Assets and Liabilities|
|Assets||Q4 2017vs Q4 2016||$1.30B$1.03B|
|Loans||Q4 2017vs Q4 2016||$18.6MM$6.1MM|
|Deposits||Q4 2017vs Q4 2016||$1.17B$868.8MM|
|Equity Capital||Q4 2017vs Q4 2016||$105.5MM$149.9MM|
|Loan Loss Allowance||Q4 2017vs Q4 2016||$291.00K$277.00K|
|Unbacked Noncurrent Loans||Q4 2017vs Q4 2016||$693.00K$577.00K|
|Real Estate Owned||Q4 2017vs Q4 2016||$0$0|
Sorry, we do not have rate data for GoBank.
GoBank is an Internet only bank and does not have branch locations. Its headquarters is located at 3465 E Foothill Blvd - Pasadena, CA 91107