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

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.

Great If You Like Paying Fees

Posted by: |

Fees are exorbitant. $8.95/month maintenance fee if you don't have $500 in direct deposits monthly. $5.95/cash deposit at ATMs and deposits are limited to $500/deposit. They don't have their own photo check deposit app, you must use Info app which charges its own exorbitant fees.

The App functions well but there is NO customer service. You will never talk to a live human being.

Overall a disappointing customer experience.

This Bank Is Not Safe With Your Identity And Shady.

I was offered a GO2 debit out of no where in the mail. I tried to sign up and activate it but I was told that they couldn't verify my information. How did I get a debit card in the mail to activate but at the same time they can't verify my identity. Don't trust these new digital banks that come out of nowhere.

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Health
A

Data as of Q4 2020

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

Health Grade Components

Overall
FDIC Certificate #22653
Year Established1978
Employees22
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.97%
Return on Equity - YTD19.71%
Annual Interest Income$19.4MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$3.27B$1.60B
LoansQ4 2020vs Q4 2019$33.3MM$36.0MM
DepositsQ4 2020vs Q4 2019$2.95B$1.32B
Equity CapitalQ4 2020vs Q4 2019$269.1MM$217.7MM
Loan Loss AllowanceQ4 2020vs Q4 2019$961.00K$1.4MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$1.7MM$2.6MM
Real Estate OwnedQ4 2020vs Q4 2019$0$0
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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